Funding you earn now, next payment 23:00 UTC−0.0136%/8h= −14.9% APRpaid last 24h −0.044%
Price spread now: Orderly against ApeX Omni+0.179%70s7-day average −0.004% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.273%−$27 on $10k
+Price spread, last 3 days (all we have)+0.529%+$53 · spread now +0.179%, 7d avg −0.004%
=The price spread pays, funding is against you. Orderly is 0.183% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.179% now, against its 7-day average of −0.004%): +$18 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.5 days. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni ARBUSDT | 0.2235 | 0.0100 | pay 0.0013% / 1h | 21m 59s | $121K | $294K | 50x |
| Short | Orderly PERP_ARB_USDC | 0.2239 | −0.0036 | pay 0.0036% / 8h | 1h 21m | $10K | $393K | 10x |
ApeX Omni ARBUSDT
Orderly PERP_ARB_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against ApeX Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$28.49
- Price spread: +0.179% → −0.004%
- $18.25
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$26.24
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: ApeX Omni: live order book, 60 min ago; Orderly: no order-book sample. Net counts fees only.
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 ApeX Omni live order book, 60 min ago | 8.93 bp | 19.3 bp −$19 | 113.0 bp −$1,130 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.2224 | −0.492% | $40K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0232% | 1h | 0.2239 | +0.183% | $7K | $2K | 10x | as long as short |
| SoDEX ARB-USD | −0.0188% | 1h | 0.2238 | +0.148% | $4K | $2.8M | 5x | as long as short |
| Variational Omni ARB | −0.0164% | 8h | 0.2235 | +0.012% | $1.9M | $2.8M | — | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0152% | 1h | 0.2239 | +0.174% | $26K | $32K | 25x | as long as short |
| Bybit ARBUSDT | −0.0148% | 8h | 0.2239 | +0.166% | $57.9M | $133.4M | 50x | as long as short |
| Polymarket Perps ARB-USD | −0.0124% | 1h | 0.2239 | +0.179% | $72K | $2.0M | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0103% | 8h | 0.2240 | +0.206% | $22.5M | $161.2M | 50x | as long as short |
| MEXC ARB_USDT | −0.0102% | 8h | 0.2238 | +0.143% | $37.3M | $62.6M | 200x | as long as short |
| Orderly PERP_ARB_USDCshort | −0.0036% | 8h | 0.2239 | +0.179% | $10K | $393K | 10x |
Injective ARB/USDC PERP
01 Exchange ARBUSD
SoDEX ARB-USD
Variational Omni ARB
Deribit ARB_USDC-PERPETUAL
Bybit ARBUSDT
Polymarket Perps ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDT | −0.0010% | 8h | 0.2240 | +0.215% | $64.0M | $317.4M | 75x | as long as short |
| Extended ARB-USD | −0.0008% | 1h | 0.2237 | +0.082% | $356K | $2.4M | 25x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2239 | +0.179% | $66K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2239 | +0.161% | $56K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0029% | 8h | 0.2239 | +0.166% | $5.5M | $20.7M | 60x | as long as short |
| Bitget ARBUSDT | +0.0071% | 8h | 0.2240 | +0.224% | $21.0M | $37.3M | 50x | as long as short |
| BingX ARB-USDT | +0.0073% | 8h | 0.2238 | +0.157% | — | $53.2M | — | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2240 | +0.211% | $146K | $12K | 3x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0085% | 1h | 0.2240 | +0.208% | $1.1M | $5.1M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2240 | +0.219% | $1.3M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2242 | +0.304% | $40.0M | $50.6M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2239 | +0.166% | $695K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2239 | +0.197% | $45K | $193K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2240 | +0.210% | $20.6M | $16.5M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2235 | −0.011% | $40K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2235 | 0.000% | $485K | $3.9M | 10x | as long as short |
| ApeX Omni ARBUSDTlong | +0.0100% | 1h | 0.2235 | long leg | $121K | $294K | 50x | |
| SunX ARB-USDT | +0.0100% | 8h | 0.2242 | +0.313% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2239 | +0.166% | $276K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2238 | +0.134% | $5.2M | $13.4M | 50x | as long as short |
| BloFin ARB-USDT | +0.0110% | 8h | 0.2238 | +0.148% | $3.0M | $3.3M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0264% | 1h | 0.2238 | +0.134% | $505K | $2.3M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0274% / S −0.0156% | 1h | 0.2238 | +0.138% | $839K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2236 | +0.023% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0363% | 1h | 0.2241 | +0.273% | $495K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0625% | 1h | 0.2243 | +0.340% | $1.1M | $2.7M | 20x | as long as short |
Binance ARBUSDT
Extended ARB-USD
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Bitget ARBUSDT
BingX ARB-USDT
Aevo ARB-PERP
Kraken Futures PF_ARBUSD
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP