Funding you earn now, next payment 00:00 UTC−0.0114%/8h= −12.5% APRnext payment −$1.14 per $10,000 · paid last 24h +0.013%
Price spread now: Bybit against Binance−0.055%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$390.388% of the position
Funding, last 7 days+0.031%+$3 on $10k
+Price spread, last 7 days+0.035%+$3 · spread now −0.055%, 7d avg −0.033%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.022% cheaper against Binance than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.033%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ARBUSDT | 0.2224 | −0.0016 | get 0.0016% / 8h | 1h 55m | $63.3M | $323.6M | 75x |
| Short | Bybit ARBUSDT | 0.2223 | −0.0131 | pay 0.0131% / 8h | 1h 55m | $57.2M | $136.2M | 50x |
Binance ARBUSDT
Bybit ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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
- −$24.01
- Price spread: −0.055% → −0.033%
- −$2.2
- Slippage, 4 orders
- −$17.8
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$65.02
- Costs to cover
- 0.388%
- Break-even
- never at this rate
Slippage from Binance: live order book, 3 min ago; Bybit: live order book, 3 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 Binance live order book, 3 min ago | 0.45 bp | 10.0 bp −$10 | 18.9 bp −$189 | 68.2 bp −$6,816 | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.22 bp | 10.1 bp −$10 | 18.9 bp −$189 | 49.4 bp −$4,937 | 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 | 0.2210 | −0.644% | $40K | $283K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0216% | 1h | 0.2223 | −0.068% | $7K | $2K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0199% | 1h | 0.2224 | −0.028% | $26K | $32K | 25x | as long as short |
| Variational Omni ARB | −0.0153% | 8h | 0.2215 | −0.425% | $1.8M | $2.8M | — | as long as short |
| Bybit ARBUSDTshort | −0.0131% | 8h | 0.2223 | −0.055% | $57.2M | $136.2M | 50x | |
| OKX ARB-USDT-SWAP | −0.0109% | 8h | 0.2224 | −0.023% | $22.2M | $163.2M | 50x | as long as short |
| MEXC ARB_USDT | −0.0109% | 8h | 0.2224 | −0.014% | $36.6M | $62.0M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0023% | 8h | 0.2223 | −0.059% | $10K | $391K | 10x | as long as short |
| Binance ARBUSDTlong | −0.0016% | 8h | 0.2224 | long leg | $63.3M | $323.6M | 75x | |
| Extended ARB-USD | −0.0016% | 1h | 0.2223 | −0.042% | $353K | $2.4M | 25x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Deribit ARB_USDC-PERPETUAL
Variational Omni ARB
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Orderly PERP_ARB_USDC
Extended ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2225 | +0.022% | $66K | $4K | 10x | as long as short |
| SoDEX ARB-USD | +0.0001% | 1h | 0.2223 | −0.055% | $4K | $2.9M | 5x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2224 | −0.025% | $55K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0010% | 8h | 0.2225 | +0.026% | $5.5M | $20.6M | 60x | as long as short |
| Polymarket Perps ARB-USD | +0.0075% | 1h | 0.2223 | −0.050% | $76K | $2.2M | 10x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2224 | −0.009% | $145K | $12K | 3x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0085% | 1h | 0.2226 | +0.077% | $1.1M | $5.2M | 50x | as long as short |
| Bitget ARBUSDT | +0.0088% | 8h | 0.2224 | −0.014% | $20.8M | $38.1M | 50x | as long as short |
| BingX ARB-USDT | +0.0089% | 8h | 0.2224 | −0.032% | — | $53.8M | — | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2226 | +0.058% | $1.3M | $7.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2226 | +0.089% | $39.7M | $52.6M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2223 | −0.039% | $690K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2225 | +0.011% | $44K | $200K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2225 | +0.053% | $20.5M | $17.0M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2218 | −0.279% | $36K | $456K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2216 | −0.386% | $477K | $4.0M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2217 | −0.329% | $120K | $297K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2226 | +0.076% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2224 | −0.005% | $274K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2222 | −0.104% | $5.2M | $13.6M | 50x | as long as short |
| BloFin ARB-USDT | +0.0101% | 8h | 0.2222 | −0.109% | $3.0M | $3.2M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0264% | 1h | 0.2225 | +0.031% | $505K | $2.5M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0274% / S −0.0152% | 1h | 0.2224 | −0.017% | $844K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2223 | −0.075% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0363% | 1h | 0.2227 | +0.100% | $491K | $2.8M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0691% | 1h | 0.2227 | +0.112% | $1.1M | $2.7M | 20x | as long as short |
dYdX ARB-USD
SoDEX ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Polymarket Perps ARB-USD
Aevo ARB-PERP
Kraken Futures PF_ARBUSD
Bitget ARBUSDT
BingX ARB-USDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
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