Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0083%/8h= −9.1% APRpaid last 24h −0.030%

Price spread now: dYdX against BingX+0.081%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 dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.157%−$16 on $10k

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. dYdX is 0.081% dearer against BingX than usual: you sell high and buy low (spread +0.081% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ARB-USDT	0.2224	0.0083	pay 0.0083% / 8h	2h 43m	—	$54.0M	—
Short	dYdX ARB-USD	0.2226	0	get 0.0000% / 1h	43m 34s	$66K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.081%Rate

Funding earned: −$17.43
Price spread: +0.081% → 0.000%: $8.09
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$29.34
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 10 min ago; dYdX: 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, 10 min ago	0.90 bp	7.8 bp −$8	9.4 bp −$94	16.3 bp −$1,631	46.8 bp −$23.4K
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	0.2210	−0.643%	$40K	$107K	12x	as long as short
01 Exchange ARBUSD	−0.0368%	1h	0.2223	−0.040%	$7K	$2K	10x	as long as short
Bybit ARBUSDT	−0.0232%	8h	0.2224	+0.004%	$56.8M	$135.8M	50x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0200%	1h	0.2221	−0.157%	$36K	$18K	25x	as long as short
Variational Omni ARB	−0.0187%	8h	0.2221	−0.155%	$1.9M	$2.8M	—	as long as short
OKX ARB-USDT-SWAP	−0.0062%	8h	0.2223	−0.045%	$22.1M	$164.9M	50x	as long as short
MEXC ARB_USDT	−0.0062%	8h	0.2224	+0.004%	$37.4M	$63.2M	200x	as long as short
Kraken Futures PF_ARBUSD	−0.0054%	1h	0.2221	−0.138%	$1.1M	$5.3M	50x	as long as short
SoDEX ARB-USD	−0.0041%	1h	0.2220	−0.216%	$4K	$2.9M	5x	as long as short
Polymarket Perps ARB-USD	−0.0016%	1h	0.2224	−0.004%	$77K	$2.3M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni ARBUSDT	−0.0011%	1h	0.2222	−0.103%	$120K	$297K	50x	as long as short
Orderly PERP_ARB_USDC	−0.0008%	8h	0.2219	−0.238%	$11K	$384K	10x	as long as short
dYdX ARB-USDshort	0.0000%	1h	0.2226	+0.081%	$66K	$4K	10x
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2221	−0.148%	$55K	—	150x	as long as short
Binance ARBUSDT	+0.0005%	8h	0.2224	+0.001%	$63.4M	$326.2M	75x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2223	−0.048%	$353K	$2.5M	25x	as long as short
Gate ARB_USDT	+0.0019%	8h	0.2225	+0.022%	$5.5M	$21.5M	60x	as long as short
BloFin ARB-USDT	+0.0023%	8h	0.2217	−0.342%	$3.0M	$3.3M	75x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2221	−0.140%	$145K	$12K	3x	as long as short
Bitget ARBUSDT	+0.0083%	8h	0.2223	−0.058%	$20.8M	$39.0M	50x	as long as short
BingX ARB-USDTlong	+0.0083%	8h	0.2224	long leg	—	$54.0M	—
Lighter ARB	+0.0096%	1h	0.2225	+0.036%	$1.3M	$7.7M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2229	+0.225%	$39.8M	$53.1M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2226	+0.067%	$692K	$1.8M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2226	+0.076%	$46K	$207K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2226	+0.085%	$20.6M	$17.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2221	−0.127%	$38K	$451K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2222	−0.086%	$477K	$4.2M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2221	−0.148%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2220	−0.211%	$273K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2220	−0.193%	$5.3M	$13.8M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0275% / S −0.0168%	1h	0.2221	−0.165%	$814K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2221	−0.157%	$507K	$2.5M	50x	as long as short
Reya ARBRUSDPERP	+0.0291%	1h	0.2223	−0.069%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0461%	1h	0.2225	+0.031%	$1.1M	$2.8M	20x	as long as short
RISEx ARB/USDC	+0.0546%	1h	0.2227	+0.103%	$488K	$2.9M	10x	as long as short