ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0105%/8h= −11.5% APRnext payment −$1.05 per $10,000 · paid last 24h −0.050%

Price spread now: Orderly against BingX−0.004%7-day average +0.040% · you buy dearer than you sell

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

Long on BingX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.234%−$23 on $10k

Price spread, last 3 days (all we have)+0.859%+$86 · spread now −0.004%, 7d avg +0.040%

Together, before fees+0.625%+$62 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Orderly is 0.044% cheaper against BingX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.040%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ARB-USDT	0.2238	0.0068	pay 0.0068% / 8h	1h 17m	—	$53.2M	—
Short	Orderly PERP_ARB_USDC	0.2238	−0.0037	pay 0.0037% / 8h	1h 17m	$10K	$394K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.004%Rate

Funding earned: −$22.11
Price spread: −0.004% → +0.040%: −$4.42
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$42.53
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 2 min ago; Orderly: 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, 2 min ago	1.12 bp	6.1 bp −$6	6.1 bp −$61	14.3 bp −$1,427	55.6 bp −$27.8K
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	0.2228	−0.451%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0232%	1h	0.2239	+0.058%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0200%	1h	0.2237	−0.036%	$4K	$2.8M	5x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0196%	1h	0.2239	+0.027%	$26K	$32K	25x	as long as short
Variational Omni ARB	−0.0168%	8h	0.2238	+0.008%	$1.9M	$2.7M	—	as long as short
Bybit ARBUSDT	−0.0147%	8h	0.2238	−0.013%	$57.9M	$133.0M	50x	as long as short
Polymarket Perps ARB-USD	−0.0125%	1h	0.2239	+0.040%	$73K	$2.0M	10x	as long as short
OKX ARB-USDT-SWAP	−0.0101%	8h	0.2238	0.000%	$22.5M	$160.7M	50x	as long as short
MEXC ARB_USDT	−0.0100%	8h	0.2239	+0.022%	$37.4M	$62.7M	200x	as long as short
Orderly PERP_ARB_USDCshort	−0.0037%	8h	0.2238	−0.004%	$10K	$394K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDT	−0.0008%	8h	0.2238	−0.007%	$64.1M	$316.8M	75x	as long as short
Extended ARB-USD	−0.0008%	1h	0.2237	−0.043%	$356K	$2.4M	25x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2242	+0.160%	$66K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2240	+0.064%	$56K	—	150x	as long as short
Gate ARB_USDT	+0.0035%	8h	0.2239	+0.058%	$5.5M	$20.7M	60x	as long as short
Bitget ARBUSDT	+0.0067%	8h	0.2239	+0.040%	$21.0M	$37.2M	50x	as long as short
BingX ARB-USDTlong	+0.0068%	8h	0.2238	long leg	—	$53.2M	—
Aevo ARB-PERP	+0.0080%	1h	0.2240	+0.063%	$146K	$12K	3x	as long as short
Kraken Futures PF_ARBUSD	+0.0085%	1h	0.2240	+0.103%	$1.1M	$5.1M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2239	+0.049%	$1.3M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2241	+0.134%	$40.0M	$50.6M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2238	+0.015%	$695K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2242	+0.164%	$44K	$193K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2240	+0.098%	$20.6M	$16.4M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2239	+0.055%	$40K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2239	+0.056%	$486K	$3.8M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2240	+0.085%	$121K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2240	+0.085%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2240	+0.103%	$276K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2237	−0.049%	$5.1M	$13.4M	50x	as long as short
BloFin ARB-USDT	+0.0112%	8h	0.2238	−0.022%	$3.0M	$3.3M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0264%	1h	0.2242	+0.174%	$506K	$2.3M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0274% / S −0.0156%	1h	0.2239	+0.043%	$840K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2238	−0.007%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0363%	1h	0.2242	+0.169%	$496K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0623%	1h	0.2242	+0.170%	$1.1M	$2.7M	20x	as long as short