Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0144%/8h= −15.8% APRpaid last 24h −0.046%

Price spread now: Deribit against BingX+0.107%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Deribit

What this pair did over the last

the charts below follow

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

The price spread pays, funding is against you. Deribit is 0.107% dearer against BingX than usual: you sell high and buy low (spread +0.107% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ARB-USDT	0.2237	0.0081	pay 0.0081% / 8h	1h 39m	—	$53.6M	—
Short	Deribit ARB_USDC-PERPETUAL	0.2239	−0.0063	pay 0.0008% / 1h	39m 34s	$26K	$32K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against BingX. 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 BingXbpFee DeribitbpOrdersPrice spread, now +0.107%Rate

Funding earned: −$30.24
Price spread: +0.107% → 0.000%: $10.73
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$36.51
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 14 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 BingX live order book, 14 min ago	1.12 bp	6.5 bp −$6	8.7 bp −$87	17.8 bp −$1,780	47.8 bp −$23.9K
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	−0.1770%	1h	0.2226	−0.478%	$40K	$283K	12x	as long as short
01 Exchange ARBUSD	−0.0224%	1h	0.2237	+0.022%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0162%	8h	0.2236	−0.014%	$1.9M	$2.8M	—	as long as short
Bybit ARBUSDT	−0.0139%	8h	0.2236	−0.045%	$57.6M	$135.7M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0102%	8h	0.2237	+0.004%	$22.3M	$163.4M	50x	as long as short
MEXC ARB_USDT	−0.0101%	8h	0.2236	−0.022%	$37.4M	$62.4M	200x	as long as short
SoDEX ARB-USD	−0.0074%	1h	0.2238	+0.049%	$4K	$2.8M	5x	as long as short
Deribit ARB_USDC-PERPETUALshort	−0.0063%	1h	0.2239	+0.107%	$26K	$32K	25x
Polymarket Perps ARB-USD	−0.0055%	1h	0.2238	+0.076%	$76K	$2.2M	10x	as long as short
Orderly PERP_ARB_USDC	−0.0026%	8h	0.2238	+0.058%	$10K	$394K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDT	−0.0011%	8h	0.2236	−0.013%	$63.8M	$322.6M	75x	as long as short
Extended ARB-USD	−0.0008%	1h	0.2236	−0.018%	$355K	$2.4M	25x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2238	+0.044%	$66K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2240	+0.139%	$56K	—	150x	as long as short
Gate ARB_USDT	+0.0026%	8h	0.2237	+0.022%	$5.5M	$20.7M	60x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2240	+0.143%	$146K	$12K	3x	as long as short
BingX ARB-USDTlong	+0.0081%	8h	0.2237	long leg	—	$53.6M	—
Bitget ARBUSDT	+0.0082%	8h	0.2236	−0.031%	$21.0M	$38.0M	50x	as long as short
Kraken Futures PF_ARBUSD	+0.0085%	1h	0.2240	+0.161%	$1.1M	$5.2M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2238	+0.045%	$1.3M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2239	+0.112%	$39.9M	$50.9M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2237	+0.011%	$695K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2238	+0.052%	$45K	$197K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2238	+0.040%	$20.6M	$16.8M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2234	−0.134%	$36K	$457K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2232	−0.210%	$480K	$4.0M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2232	−0.210%	$121K	$294K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2240	+0.148%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2238	+0.080%	$276K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2238	+0.058%	$5.2M	$13.5M	50x	as long as short
BloFin ARB-USDT	+0.0109%	8h	0.2235	−0.094%	$3.0M	$3.3M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0264%	1h	0.2241	+0.192%	$508K	$2.4M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0274% / S −0.0157%	1h	0.2240	+0.157%	$838K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0291%	1h	0.2238	+0.062%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0363%	1h	0.2240	+0.129%	$494K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0629%	1h	0.2242	+0.246%	$1.1M	$2.7M	20x	as long as short