Funding you earn now, next payment 00:00 UTC−0.0065%/8h= −7.1% APRnext payment −$0.65 per $10,000 · paid last 24h +0.013%
Price spread now: BloFin against Bitget−0.036%45s7-day average +0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$450.450% of the position
Funding, last 7 days+0.131%+$13 on $10k
+Price spread, last 3 days (all we have)+2.288%+$229 · spread now −0.036%, 7d avg +0.032%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.068% cheaper against Bitget than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.032%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.131%, so the current rate has only just turned against you. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ARBUSDT | 0.2210 | 0.0082 | pay 0.0082% / 8h | 2h 56m | $20.7M | $38.8M | 50x |
| Short | BloFin ARB-USDT | 0.2209 | 0.0017 | get 0.0017% / 8h | 2h 56m | $3.0M | $3.2M | 75x |
Bitget ARBUSDT
BloFin ARB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$13.7
- Price spread: −0.036% → +0.032%
- −$6.84
- Slippage, 4 orders
- −$20.95
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$65.49
- Costs to cover
- 0.450%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; BloFin: live order book, 2 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, 2 min ago | 2.25 bp | 14.1 bp −$14 | 23.0 bp −$230 | 140.7 bp −$14.1K | doesn't fit |
| Sell BloFin live order book, 2 min ago | 0.22 bp | 10.7 bp −$11 | 22.5 bp −$225 | 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 | −0.1675% | 1h | 0.2204 | −0.271% | $40K | $107K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0272% | 1h | 0.2210 | 0.000% | $7K | $2K | 10x | as long as short |
| Bybit ARBUSDT | −0.0254% | 8h | 0.2210 | +0.014% | $57.6M | $135.3M | 50x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0248% | 1h | 0.2210 | −0.014% | $36K | $18K | 25x | as long as short |
| Polymarket Perps ARB-USD | −0.0233% | 1h | 0.2211 | +0.054% | $69K | $2.3M | 10x | as long as short |
| Variational Omni ARB | −0.0198% | 8h | 0.2217 | +0.302% | $1.9M | $2.8M | — | as long as short |
| SoDEX ARB-USD | −0.0115% | 1h | 0.2211 | +0.027% | $4K | $2.9M | 5x | as long as short |
| OKX ARB-USDT-SWAP | −0.0064% | 8h | 0.2211 | +0.027% | $22.2M | $164.0M | 50x | as long as short |
| MEXC ARB_USDT | −0.0063% | 8h | 0.2211 | +0.041% | $37.5M | $62.9M | 200x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0054% | 1h | 0.2213 | +0.117% | $1.1M | $5.2M | 50x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Bybit ARBUSDT
Deribit ARB_USDC-PERPETUAL
Polymarket Perps ARB-USD
Variational Omni ARB
SoDEX ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Kraken Futures PF_ARBUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ARB_USDC | −0.0006% | 8h | 0.2209 | −0.045% | $11K | $380K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2212 | +0.089% | $65K | $4K | 10x | as long as short |
| Binance ARBUSDT | +0.0003% | 8h | 0.2210 | +0.023% | $63.0M | $325.8M | 75x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2211 | +0.025% | $55K | — | 150x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2209 | −0.029% | $351K | $2.5M | 25x | as long as short |
| BloFin ARB-USDTshort | +0.0017% | 8h | 0.2209 | −0.036% | $3.0M | $3.2M | 75x | |
| Gate ARB_USDT | +0.0026% | 8h | 0.2211 | +0.036% | $5.4M | $21.4M | 60x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2211 | +0.026% | $145K | $12K | 3x | as long as short |
| BingX ARB-USDC | +0.0081% | 8h | 0.2209 | −0.027% | — | $6.5M | — | as long as short |
| Bitget ARBUSDTlong | +0.0082% | 8h | 0.2210 | long leg | $20.7M | $38.8M | 50x | |
| ApeX Omni ARBUSDT | +0.0091% | 1h | 0.2223 | +0.588% | $120K | $275K | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2212 | +0.109% | $1.3M | $7.7M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2212 | +0.104% | $39.7M | $53.2M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2211 | +0.055% | $696K | $1.8M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2213 | +0.141% | $46K | $206K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2212 | +0.104% | $20.4M | $17.2M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2221 | +0.505% | $38K | $447K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2221 | +0.498% | $472K | $4.3M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2212 | +0.090% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2211 | +0.059% | $271K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2212 | +0.090% | $5.3M | $13.8M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2216 | +0.267% | $500K | $2.5M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0290% / S −0.0189% | 1h | 0.2209 | −0.048% | $865K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2210 | +0.016% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0338% | 1h | 0.2213 | +0.140% | $1.1M | $2.8M | 20x | as long as short |
| RISEx ARB/USDC | +0.0546% | 1h | 0.2213 | +0.131% | $486K | $2.9M | 10x | as long as short |
Orderly PERP_ARB_USDC
dYdX ARB-USD
Binance ARBUSDT
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Gate ARB_USDT
Aevo ARB-PERP
BingX ARB-USDC
ApeX Omni ARBUSDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP
RISEx ARB/USDC