Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0019%/8h= +2.1% APRpaid last 24h −0.044%

Price spread now: SoDEX against BingX−0.082%7-day average +0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$510.507% of the position

Long on BingX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.093%−$9 on $10k

Price spread, last 4 days (all we have)+0.716%+$72 · spread now −0.082%, 7d avg +0.053%

Together, before fees+0.623%+$62 on $10k · with fees, hour by hour

Funding pays, the price is against you. SoDEX is 0.135% cheaper against BingX than usual: you would sell low and buy high (spread −0.082% now, against its 7-day average of +0.053%). If the spread goes back, that is −$13 on $10k: about 24 days of funding at the current rate (+$1 a day). Mind the row above: over the last 3 days funding on this pair cost −0.093%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ARB-USDC	0.2188	0.0081	pay 0.0081% / 8h	2h 20m	—	$6.5M	—
Short	SoDEX ARB-USD	0.2186	0.0100	get 0.0013% / 1h	20m 52s	$9K	$2.2M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.082%Rate

Funding earned: $3.99
Price spread: −0.082% → +0.053%: −$13.49
Slippage, 4 orders: −$32.68
Fee BingX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$60.18
Costs to cover: 0.507%
Break-even: 112.6 days

Slippage from BingX: live order book, 15 min ago; SoDEX: live order book, 3 min ago.

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, 15 min ago	4.11 bp	18.2 bp −$18	42.5 bp −$425	92.3 bp −$9,231	586.1 bp −$293.0K
Sell SoDEX live order book, 3 min ago	0.23 bp	5.7 bp −$6	18.3 bp −$183	doesn't fit	doesn't fit

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	−0.1581%	1h	0.2176	−0.530%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0168%	1h	0.2188	+0.032%	$7K	$236	10x	as long as short
Variational Omni ARB	−0.0098%	8h	0.2185	−0.129%	$1.8M	$3.0M	—	as long as short
Polymarket Perps ARB-USD	−0.0094%	1h	0.2186	−0.055%	$78K	$2.1M	10x	as long as short
Bybit ARBUSDT	−0.0076%	8h	0.2188	0.000%	$54.7M	$124.1M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0074%	1h	0.2188	−0.003%	$1.0M	$4.4M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0060%	8h	0.2191	+0.142%	$21.6M	$143.5M	50x	as long as short
MEXC ARB_USDT	−0.0060%	8h	0.2191	+0.160%	$41.7M	$61.4M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0048%	8h	0.2186	−0.073%	$12K	$409K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2188	0.000%	$65K	$5K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2187	−0.037%	$23K	$33K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2187	−0.009%	$44K	—	150x	as long as short
Bitget ARBUSDT	+0.0057%	8h	0.2189	+0.064%	$20.9M	$34.3M	50x	as long as short
Gate ARB_USDT	+0.0076%	8h	0.2188	0.000%	$5.4M	$18.2M	60x	as long as short
BingX ARB-USDClong	+0.0081%	8h	0.2188	long leg	—	$6.5M	—
RISEx ARB/USDC	+0.0086%	1h	0.2188	+0.022%	$444K	$2.6M	10x	as long as short
Extended ARB-USD	+0.0088%	1h	0.2190	+0.093%	$347K	$2.8M	25x	as long as short
Binance ARBUSDT	+0.0090%	8h	0.2189	+0.046%	$62.5M	$300.2M	75x	as long as short
Lighter ARB	+0.0096%	1h	0.2186	−0.073%	$1.3M	$5.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2189	+0.073%	$36.6M	$48.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2188	+0.032%	$630K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2188	+0.033%	$42K	$160K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2191	+0.137%	$19.5M	$14.4M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2182	−0.269%	$39K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2182	−0.264%	$464K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2182	−0.256%	$118K	$282K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2191	+0.155%	$2K	$1.1M	30x	as long as short
SoDEX ARB-USDshort	+0.0100%	1h	0.2186	−0.082%	$9K	$2.2M	5x
HTX ARB-USDT	+0.0100%	8h	0.2186	−0.069%	$292K	$890K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2184	−0.165%	$4.9M	$12.7M	50x	as long as short
Aevo ARB-PERP	+0.0104%	1h	0.2187	−0.009%	$139K	$7K	3x	as long as short
BloFin ARB-USDT	+0.0210%	8h	0.2185	−0.101%	$3.0M	$2.4M	75x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0277% / S −0.0159%	1h	0.2186	−0.054%	$828K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2191	+0.155%	$508K	$1.6M	50x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2186	−0.055%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0708%	1h	0.2189	+0.064%	$981K	$2.8M	20x	as long as short