Funding you earn now, next payment 01:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h −0.028%
Price spread now: Deribit against Binance−0.064%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Deribit is 0.064% cheaper against Binance than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ARBUSDT | 0.2263 | 0.0013 | pay 0.0013% / 8h | 7h 17m | $66.8M | $310.8M | 75x |
| Short | Deribit ARB_USDC-PERPETUAL | 0.2261 | −0.0059 | pay 0.0007% / 1h | 17m 56s | $25K | $34K | 25x |
Binance ARBUSDT
Deribit ARB_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$15.16
- Price spread: −0.064% → 0.000%
- −$6.43
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$38.59
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 11 min ago; Deribit: 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 Binance live order book, 11 min ago | 0.22 bp | 8.9 bp −$9 | 18.4 bp −$184 | 68.7 bp −$6,869 | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 | −0.1666% | 1h | 0.2269 | +0.267% | $41K | $372K | 12x | as long as short |
| Variational Omni ARB | −0.0201% | 8h | 0.2267 | +0.160% | $2.0M | $2.8M | — | as long as short |
| 01 Exchange ARBUSD | −0.0152% | 1h | 0.2259 | −0.184% | $7K | $2K | 10x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0137% | 1h | 0.2265 | +0.080% | $1.2M | $4.9M | 50x | as long as short |
| MEXC ARB_USDT | −0.0111% | 8h | 0.2264 | +0.042% | $38.9M | $59.3M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0110% | 8h | 0.2262 | −0.025% | $23.0M | $157.9M | 50x | as long as short |
| Bybit ARBUSDT | −0.0094% | 8h | 0.2261 | −0.078% | $58.9M | $126.8M | 50x | as long as short |
| SoDEX ARB-USD | −0.0063% | 1h | 0.2261 | −0.091% | $4K | $2.5M | 5x | as long as short |
| Deribit ARB_USDC-PERPETUALshort | −0.0059% | 1h | 0.2261 | −0.064% | $25K | $34K | 25x | |
| Orderly PERP_ARB_USDC | −0.0048% | 8h | 0.2260 | −0.131% | $13K | $386K | 10x | as long as short |
Injective ARB/USDC PERP
Variational Omni ARB
01 Exchange ARBUSD
Kraken Futures PF_ARBUSD
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Bybit ARBUSDT
SoDEX ARB-USD
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2258 | −0.235% | $67K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2261 | −0.091% | $33K | — | 150x | as long as short |
| Binance ARBUSDTlong | +0.0013% | 8h | 0.2263 | long leg | $66.8M | $310.8M | 75x | |
| Extended ARB-USD | +0.0016% | 1h | 0.2264 | +0.045% | $362K | $2.5M | 25x | as long as short |
| BloFin ARB-USDT | +0.0044% | 8h | 0.2270 | +0.325% | $3.1M | $2.9M | 75x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2263 | +0.024% | $144K | $7K | 3x | as long as short |
| BingX ARB-USDT | +0.0084% | 8h | 0.2264 | +0.046% | — | $54.3M | — | as long as short |
| Bitget ARBUSDT | +0.0089% | 8h | 0.2264 | +0.046% | $21.7M | $35.8M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2264 | +0.055% | $1.4M | $7.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2266 | +0.148% | $41.1M | $47.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2260 | −0.143% | $703K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2257 | −0.256% | $45K | $184K | 10x | as long as short |
| Gate ARB_USDT | +0.0100% | 8h | 0.2265 | +0.077% | $5.5M | $19.9M | 60x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2263 | +0.024% | $19.7M | $15.8M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2269 | +0.273% | $41K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2268 | +0.226% | $483K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2267 | +0.179% | $122K | $295K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2260 | −0.113% | $65K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2262 | −0.042% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2259 | −0.184% | $294K | $980K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2263 | +0.002% | $5.2M | $13.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0232% | 1h | 0.2266 | +0.135% | $521K | $2.3M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0288% / S −0.0175% | 1h | 0.2261 | −0.082% | $895K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2259 | −0.170% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0384% | 1h | 0.2261 | −0.103% | $516K | $2.6M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0585% | 1h | 0.2268 | +0.219% | $1.0M | $2.8M | 20x | as long as short |
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Extended ARB-USD
BloFin ARB-USDT
Aevo ARB-PERP
BingX ARB-USDT
Bitget ARBUSDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
Gate ARB_USDT
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP