Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0191%/8h= +20.9% APRpaid last 24h +0.056%

Price spread now: Reya against Aster−0.079%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.079% cheaper against Aster than usual: you would sell low and buy high (spread −0.079% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 33 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ARBUSDT	0.2215	0.0100	pay 0.0100% / 8h	2h 48m	$689K	$1.8M	20x
Short	Reya ARBRUSDPERP	0.2213	0.0291	get 0.0036% / 1h	48m 21s	$2K	$695	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Aster. 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 AsterbpFee ReyabpOrdersPrice spread, now −0.079%Rate

Funding earned: $40.07
Price spread: −0.079% → 0.000%: −$7.86
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: $18.2
Costs to cover: 0.140%
Break-even: 3.8 days

Slippage unknown: Aster: live order book, 5 min ago; Reya: 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, 5 min ago	2.71 bp	12.2 bp −$12	43.3 bp −$433	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	−0.1675%	1h	0.2199	−0.708%	$40K	$107K	12x	as long as short
01 Exchange ARBUSD	−0.0400%	1h	0.2213	−0.067%	$7K	$2K	10x	as long as short
ApeX Omni ARBUSDT	−0.0271%	1h	0.2210	−0.211%	$120K	$297K	50x	as long as short
Bybit ARBUSDT	−0.0241%	8h	0.2214	−0.049%	$57.5M	$134.8M	50x	as long as short
Variational Omni ARB	−0.0191%	8h	0.2209	−0.236%	$1.9M	$2.8M	—	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0111%	1h	0.2214	−0.022%	$36K	$18K	25x	as long as short
MEXC ARB_USDT	−0.0058%	8h	0.2214	−0.049%	$37.5M	$63.1M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0057%	8h	0.2214	−0.049%	$22.1M	$164.0M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0054%	1h	0.2215	+0.016%	$1.1M	$5.2M	50x	as long as short
SoDEX ARB-USD	−0.0033%	1h	0.2213	−0.085%	$4K	$2.9M	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ARB_USDC	−0.0007%	8h	0.2214	−0.031%	$10K	$383K	10x	as long as short
Polymarket Perps ARB-USD	−0.0002%	1h	0.2214	−0.040%	$76K	$2.3M	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2216	+0.060%	$65K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2215	+0.015%	$55K	—	150x	as long as short
Binance ARBUSDT	+0.0006%	8h	0.2214	−0.018%	$63.1M	$325.9M	75x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2213	−0.086%	$351K	$2.5M	25x	as long as short
BloFin ARB-USDT	+0.0013%	8h	0.2212	−0.134%	$3.0M	$3.3M	75x	as long as short
Gate ARB_USDT	+0.0022%	8h	0.2215	+0.001%	$5.5M	$21.5M	60x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2215	+0.020%	$145K	$12K	3x	as long as short
BingX ARB-USDC	+0.0081%	8h	0.2213	−0.085%	—	$6.5M	—	as long as short
Bitget ARBUSDT	+0.0083%	8h	0.2213	−0.076%	$20.8M	$38.9M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2215	+0.019%	$1.3M	$7.7M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2215	+0.037%	$39.7M	$53.0M	10x	as long as short
Aster ARBUSDTlong	+0.0100%	8h	0.2215	long leg	$689K	$1.8M	20x
Pacifica ARB	+0.0100%	1h	0.2215	+0.006%	$45K	$207K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2215	+0.033%	$20.4M	$17.2M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2212	−0.125%	$38K	$449K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2211	−0.185%	$474K	$4.2M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2214	−0.031%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2213	−0.071%	$272K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2213	−0.076%	$5.3M	$13.8M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0275% / S −0.0168%	1h	0.2215	+0.031%	$812K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2214	−0.013%	$506K	$2.5M	50x	as long as short
Reya ARBRUSDPERPshort	+0.0291%	1h	0.2213	−0.079%	$2K	$695	20x
Backpack ARB_USDC_PERP	+0.0394%	1h	0.2216	+0.073%	$1.1M	$2.8M	20x	as long as short
RISEx ARB/USDC	+0.0546%	1h	0.2216	+0.072%	$486K	$2.9M	10x	as long as short