Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0202%/8h= +22.1% APRpaid last 24h +0.061%

Price spread now: Reya against BingX−0.162%7-day average — · you buy dearer than you sell

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

Long on BingX Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.162% cheaper against BingX than usual: you would sell low and buy high (spread −0.162% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 2.7 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ARB-USDC	0.2265	0.0088	pay 0.0088% / 8h	7h 15m	—	$6.5M	—
Short	Reya ARBRUSDPERP	0.2261	0.0290	get 0.0036% / 1h	15m 00s	$2K	$695	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.162%Rate

Funding earned: $42.41
Price spread: −0.162% → 0.000%: −$16.2
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $10.21
Costs to cover: 0.160%
Break-even: 5.3 days

Slippage unknown: BingX: live order book, 6 min ago; Reya: 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, 6 min ago	4.63 bp	25.0 bp −$25	42.8 bp −$428	91.1 bp −$9,113	595.3 bp −$297.6K
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	0.2256	−0.397%	$41K	$372K	12x	as long as short
Variational Omni ARB	−0.0201%	8h	0.2262	−0.141%	$2.0M	$2.8M	—	as long as short
01 Exchange ARBUSD	−0.0152%	1h	0.2261	−0.159%	$7K	$2K	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0137%	1h	0.2265	+0.006%	$1.2M	$4.9M	50x	as long as short
Bybit ARBUSDT	−0.0114%	8h	0.2265	+0.013%	$59.0M	$126.8M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0112%	8h	0.2266	+0.049%	$23.0M	$157.9M	50x	as long as short
MEXC ARB_USDT	−0.0111%	8h	0.2266	+0.066%	$38.9M	$59.3M	200x	as long as short
SoDEX ARB-USD	−0.0080%	1h	0.2261	−0.155%	$6K	$2.5M	5x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0059%	1h	0.2262	−0.115%	$25K	$34K	25x	as long as short
Orderly PERP_ARB_USDC	−0.0048%	8h	0.2262	−0.132%	$12K	$386K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2264	−0.034%	$67K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2263	−0.109%	$33K	—	150x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2266	+0.033%	$364K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0016%	8h	0.2266	+0.053%	$66.9M	$310.4M	75x	as long as short
BloFin ARB-USDT	+0.0065%	8h	0.2263	−0.106%	$3.2M	$2.9M	75x	as long as short
BingX ARB-USDClong	+0.0088%	8h	0.2265	long leg	—	$6.5M	—
Aevo ARB-PERP	+0.0088%	1h	0.2263	−0.091%	$144K	$7K	3x	as long as short
Bitget ARBUSDT	+0.0093%	8h	0.2267	+0.088%	$21.7M	$35.7M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2264	−0.031%	$1.4M	$7.3M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2267	+0.088%	$41.1M	$47.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2262	−0.119%	$703K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2264	−0.040%	$45K	$184K	10x	as long as short
Gate ARB_USDT	+0.0100%	8h	0.2264	−0.044%	$5.5M	$20.0M	60x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2268	+0.119%	$19.7M	$15.8M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2262	−0.148%	$41K	$464K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2264	−0.038%	$486K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2263	−0.088%	$122K	$296K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2263	−0.106%	$65K	$2.0M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2265	0.000%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2263	−0.079%	$295K	$979K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2263	−0.088%	$5.2M	$12.9M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0232%	1h	0.2264	−0.044%	$520K	$2.3M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0288% / S −0.0175%	1h	0.2262	−0.132%	$896K	—	150x	as long as short
Reya ARBRUSDPERPshort	+0.0290%	1h	0.2261	−0.162%	$2K	$695	20x
RISEx ARB/USDC	+0.0384%	1h	0.2265	−0.004%	$521K	$2.6M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0597%	1h	0.2267	+0.093%	$1.0M	$2.8M	20x	as long as short