Funding you earn now, next payment 08:00 UTC−0.0144%/8h= −15.8% APRnext payment −$1.44 per $10,000 · paid last 24h −0.048%
Price spread now: Orderly against Aster−0.034%7-day average −0.004% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.294%−$29 on $10k
+Price spread, last 4 days (all we have)+0.662%+$66 · spread now −0.034%, 7d avg −0.004%
=Together, before fees+0.368%+ Points / potential airdropAster: Stage 5 · farm board+$37 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Orderly is 0.030% cheaper against Aster than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.004%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster ARBUSDT | 0.2212 | 0.0100 | pay 0.0100% / 8h | 1h 50m | $635K | $1.7M | 20x |
| Short | Orderly PERP_ARB_USDC | 0.2211 | −0.0044 | pay 0.0044% / 8h | 1h 50m | $13K | $405K | 10x |
Aster ARBUSDT
Orderly PERP_ARB_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Aster. 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
- −$30.33
- Price spread: −0.034% → −0.004%
- −$3.02
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$47.35
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Aster: live order book, 2 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 Aster live order book, 2 min ago | 3.84 bp | 15.9 bp −$16 | 50.4 bp −$504 | 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 | −0.1592% | 1h | 0.2197 | −0.667% | $40K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0293% | 1h | 0.2209 | −0.106% | $67K | $2.1M | 10x | as long as short |
| SoDEX ARB-USD | −0.0090% | 1h | 0.2210 | −0.061% | $9K | $2.2M | 5x | as long as short |
| OKX ARB-USDT-SWAP | −0.0072% | 8h | 0.2211 | −0.016% | $22.1M | $146.7M | 50x | as long as short |
| 01 Exchange ARBUSD | −0.0072% | 1h | 0.2208 | −0.174% | $7K | $236 | 10x | as long as short |
| MEXC ARB_USDT | −0.0072% | 8h | 0.2212 | −0.011% | $41.2M | $61.5M | 200x | as long as short |
| Variational Omni ARB | −0.0070% | 8h | 0.2210 | −0.084% | $1.8M | $3.0M | — | as long as short |
| Orderly PERP_ARB_USDCshort | −0.0044% | 8h | 0.2211 | −0.034% | $13K | $405K | 10x | |
| Bybit ARBUSDT | −0.0028% | 8h | 0.2212 | −0.002% | $54.5M | $126.5M | 50x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2208 | −0.173% | $65K | $5K | 10x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
SoDEX ARB-USD
OKX ARB-USDT-SWAP
01 Exchange ARBUSD
MEXC ARB_USDT
Variational Omni ARB
Bybit ARBUSDT
dYdX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2211 | −0.025% | $28K | $38K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2211 | −0.014% | $44K | — | 150x | as long as short |
| RISEx ARB/USDC | +0.0056% | 1h | 0.2209 | −0.136% | $467K | $2.6M | 10x | as long as short |
| Bitget ARBUSDT | +0.0056% | 8h | 0.2211 | −0.034% | $21.2M | $34.9M | 50x | as long as short |
| Gate ARB_USDT | +0.0069% | 8h | 0.2211 | −0.034% | $5.4M | $18.3M | 60x | as long as short |
| Extended ARB-USD | +0.0088% | 1h | 0.2211 | −0.040% | $352K | $2.8M | 25x | as long as short |
| Binance ARBUSDT | +0.0091% | 8h | 0.2212 | +0.002% | $63.3M | $301.8M | 75x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2211 | −0.025% | $1.3M | $5.5M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2214 | +0.088% | $37.4M | $49.4M | 10x | as long as short |
| Aster ARBUSDTlong | +0.0100% | 8h | 0.2212 | long leg | $635K | $1.7M | 20x | |
| Pacifica ARB | +0.0100% | 1h | 0.2208 | −0.189% | $43K | $150K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2212 | −0.007% | $19.7M | $14.4M | 75x | as long as short |
| BingX ARB-USDC | +0.0100% | 8h | 0.2212 | −0.002% | — | $6.5M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2209 | −0.129% | $39K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2211 | −0.020% | $480K | $3.7M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2210 | −0.079% | $119K | $282K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2208 | −0.170% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2210 | −0.102% | $295K | $874K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2210 | −0.079% | $5.0M | $12.8M | 50x | as long as short |
| Aevo ARB-PERP | +0.0104% | 1h | 0.2212 | −0.011% | $140K | $7K | 3x | as long as short |
| BloFin ARB-USDT | +0.0211% | 8h | 0.2210 | −0.084% | $3.1M | $2.3M | 75x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0230% | 1h | 0.2212 | +0.016% | $1.1M | $4.5M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2212 | +0.013% | $834K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2211 | −0.034% | $517K | $1.6M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2209 | −0.107% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0532% | 1h | 0.2215 | +0.142% | $993K | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
RISEx ARB/USDC
Bitget ARBUSDT
Gate ARB_USDT
Extended ARB-USD
Binance ARBUSDT
Lighter ARB
Hyperliquid ARB
Pacifica ARB
KuCoin ARBUSDTM
BingX ARB-USDC
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Aevo ARB-PERP
BloFin ARB-USDT
Kraken Futures PF_ARBUSD
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP