Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.031%

Price spread now: OKX against Aevo+0.147%7-day average −0.104% · you sell dearer than you buy

Net, funding: paid 7d − costs−$157as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1401.396% of the position

Long on Aevo Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.175%−$18 on $10k

Price spread, last 3 days (all we have)−1.048%−$105 · spread now +0.147%, 7d avg −0.104%

Together, before fees−1.224%−$122 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.251% dearer against Aevo than usual: you sell high and buy low (spread +0.147% now, against its 7-day average of −0.104%): +$25 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 4.7 days. At the pace of the last 7 days (−0.175% in total) that is about 10 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ARB-PERP	0.2239	0.0080	pay 0.0010% / 1h	38m 42s	$146K	$12K	3x
Short	OKX ARB-USDT-SWAP	0.2242	−0.0100	pay 0.0100% / 8h	1h 38m	$22.4M	$163.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AevobpFee OKXbpOrdersPrice spread, now +0.147%Rate

Funding earned: −$37.72
Price spread: +0.147% → −0.104%: $25.11
Slippage, 4 orders: −$113.59
Fee Aevo: 8 bp × 2 orders: −$16
Fee OKX: 5 bp × 2 orders: −$10
Net: −$152.2
Costs to cover: 1.396%
Break-even: never at this rate

Slippage from Aevo: live order book, 45 min ago; OKX: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aevo live order book, 45 min ago	33.44 bp	58.7 bp −$59	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.22 bp	8.0 bp −$8	25.8 bp −$258	doesn't fit	doesn't fit

ARB on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ARB/USDC PERP	−0.1770%	1h	0.2226	−0.577%	$40K	$283K	12x	as long as short
01 Exchange ARBUSD	−0.0224%	1h	0.2237	−0.076%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0162%	8h	0.2236	−0.112%	$1.9M	$2.8M	—	as long as short
Bybit ARBUSDT	−0.0138%	8h	0.2240	+0.062%	$57.7M	$135.7M	50x	as long as short
OKX ARB-USDT-SWAPshort	−0.0100%	8h	0.2242	+0.147%	$22.4M	$163.8M	50x
MEXC ARB_USDT	−0.0099%	8h	0.2241	+0.098%	$37.4M	$62.4M	200x	as long as short
SoDEX ARB-USD	−0.0069%	1h	0.2240	+0.040%	$4K	$2.8M	5x	as long as short
Polymarket Perps ARB-USD	−0.0064%	1h	0.2237	−0.072%	$76K	$2.2M	10x	as long as short
Orderly PERP_ARB_USDC	−0.0027%	8h	0.2238	−0.041%	$10K	$394K	10x	as long as short
Binance ARBUSDT	−0.0009%	8h	0.2241	+0.085%	$64.0M	$322.6M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ARB-USD	−0.0008%	1h	0.2239	+0.014%	$355K	$2.4M	25x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2241	+0.097%	$66K	$4K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2239	+0.008%	$26K	$32K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2239	−0.006%	$56K	—	150x	as long as short
Gate ARB_USDT	+0.0026%	8h	0.2240	+0.044%	$5.5M	$20.7M	60x	as long as short
Aevo ARB-PERPlong	+0.0080%	1h	0.2239	long leg	$146K	$12K	3x
BingX ARB-USDC	+0.0081%	8h	0.2238	−0.045%	—	$6.5M	—	as long as short
Bitget ARBUSDT	+0.0082%	8h	0.2240	+0.049%	$21.0M	$38.0M	50x	as long as short
Kraken Futures PF_ARBUSD	+0.0085%	1h	0.2242	+0.127%	$1.1M	$5.2M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2242	+0.147%	$1.3M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2242	+0.156%	$40.0M	$50.9M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2239	+0.023%	$696K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2242	+0.125%	$45K	$197K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2241	+0.080%	$20.6M	$16.8M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2235	−0.181%	$40K	$460K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2235	−0.154%	$481K	$4.0M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2235	−0.175%	$121K	$294K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2240	+0.049%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2239	+0.004%	$276K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2238	−0.041%	$5.2M	$13.5M	50x	as long as short
BloFin ARB-USDT	+0.0109%	8h	0.2240	+0.053%	$3.0M	$3.3M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0264%	1h	0.2243	+0.178%	$509K	$2.4M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0274% / S −0.0157%	1h	0.2239	+0.011%	$837K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0291%	1h	0.2238	−0.063%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0363%	1h	0.2240	+0.030%	$494K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0624%	1h	0.2244	+0.223%	$1.1M	$2.7M	20x	as long as short