Funding you earn now, next payment 00:00 UTC−0.0068%/8h= −7.5% APRnext payment −$0.68 per $10,000 · paid last 24h −0.013%
Price spread now: Binance against Bitget−0.028%7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$380.376% of the position
Funding, last 7 days−0.040%−$4 on $10k
+Price spread, last 7 days+0.034%+$3 · spread now −0.028%, 7d avg +0.029%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.057% cheaper against Bitget than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.029%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ARBUSDT | 0.2258 | 0.0068 | pay 0.0068% / 8h | 1h 01m | $21.4M | $36.9M | 50x |
| Short | Binance ARBUSDT | 0.2257 | 0.0000 | pay 0.0000% / 8h | 1h 01m | $64.9M | $314.0M | 75x |
Bitget ARBUSDT
Binance ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$14.36
- Price spread: −0.028% → +0.029%
- −$5.7
- Slippage, 4 orders
- −$15.62
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$57.68
- Costs to cover
- 0.376%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; Binance: live order book, 12 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 Bitget live order book, 3 min ago | 4.43 bp | 11.2 bp −$11 | 17.7 bp −$177 | 83.9 bp −$8,388 | doesn't fit |
| Sell Binance live order book, 12 min ago | 0.22 bp | 7.4 bp −$7 | 18.4 bp −$184 | 72.3 bp −$7,230 | 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 | −0.1770% | 1h | 0.2250 | −0.354% | $41K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0232% | 1h | 0.2257 | −0.040% | $7K | $2K | 10x | as long as short |
| SoDEX ARB-USD | −0.0189% | 1h | 0.2257 | −0.053% | $4K | $2.7M | 5x | as long as short |
| Variational Omni ARB | −0.0176% | 8h | 0.2250 | −0.357% | $1.9M | $2.7M | — | as long as short |
| Bybit ARBUSDT | −0.0158% | 8h | 0.2258 | −0.009% | $58.4M | $130.8M | 50x | as long as short |
| Polymarket Perps ARB-USD | −0.0136% | 1h | 0.2257 | −0.044% | $76K | $2.0M | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0100% | 8h | 0.2258 | −0.022% | $22.7M | $160.1M | 50x | as long as short |
| MEXC ARB_USDT | −0.0099% | 8h | 0.2258 | +0.013% | $37.4M | $63.1M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0040% | 8h | 0.2258 | 0.000% | $13K | $397K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0016% | 1h | 0.2259 | +0.027% | $26K | $32K | 25x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
SoDEX ARB-USD
Variational Omni ARB
Bybit ARBUSDT
Polymarket Perps ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Orderly PERP_ARB_USDC
Deribit ARB_USDC-PERPETUALShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDTshort | 0.0000% | 8h | 0.2257 | −0.028% | $64.9M | $314.0M | 75x | |
| dYdX ARB-USD | 0.0000% | 1h | 0.2258 | +0.013% | $67K | $4K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2256 | −0.073% | $358K | $2.3M | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2259 | +0.023% | $56K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0039% | 8h | 0.2257 | −0.035% | $5.5M | $20.8M | 60x | as long as short |
| BingX ARB-USDC | +0.0067% | 8h | 0.2257 | −0.049% | — | $6.5M | — | as long as short |
| Bitget ARBUSDTlong | +0.0068% | 8h | 0.2258 | long leg | $21.4M | $36.9M | 50x | |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2259 | +0.027% | $148K | $12K | 3x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0084% | 1h | 0.2259 | +0.054% | $1.1M | $5.0M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2259 | +0.053% | $1.4M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2260 | +0.089% | $40.4M | $48.5M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2258 | 0.000% | $703K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2259 | +0.027% | $45K | $192K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2258 | 0.000% | $20.8M | $16.2M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2258 | −0.015% | $40K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2255 | −0.140% | $477K | $3.8M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2258 | 0.000% | $122K | $295K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2260 | +0.089% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2258 | −0.022% | $281K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2257 | −0.044% | $5.2M | $13.2M | 50x | as long as short |
| BloFin ARB-USDT | +0.0120% | 8h | 0.2257 | −0.035% | $3.1M | $3.3M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0264% | 1h | 0.2260 | +0.089% | $510K | $2.3M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0274% / S −0.0156% | 1h | 0.2258 | +0.008% | $848K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2257 | −0.046% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0363% | 1h | 0.2259 | +0.040% | $501K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0637% | 1h | 0.2261 | +0.115% | $910K | $2.7M | 20x | as long as short |
dYdX ARB-USD
Extended ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
BingX ARB-USDC
Aevo ARB-PERP
Kraken Futures PF_ARBUSD
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP