Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0170%/8h= −18.6% APRpaid last 24h −0.046%

Price spread now: Deribit against Bitget+0.111%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 0.111% dearer against Bitget than usual: you sell high and buy low (spread +0.111% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ARBUSDT	0.2256	0.0066	pay 0.0066% / 8h	59m 40s	$21.3M	$36.8M	50x
Short	Deribit ARB_USDC-PERPETUAL	0.2258	−0.0104	pay 0.0013% / 1h	59m 40s	$26K	$32K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bitget. 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 BitgetbpFee DeribitbpOrdersPrice spread, now +0.111%Rate

Funding earned: −$35.7
Price spread: +0.111% → 0.000%: $11.08
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$43.62
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 4 min ago; Deribit: 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 Bitget live order book, 4 min ago	4.43 bp	11.2 bp −$11	17.7 bp −$177	83.9 bp −$8,388	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	0.2250	−0.266%	$41K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0208%	1h	0.2254	−0.080%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0190%	1h	0.2257	+0.031%	$4K	$2.7M	5x	as long as short
Variational Omni ARB	−0.0176%	8h	0.2256	+0.015%	$1.9M	$2.7M	—	as long as short
Bybit ARBUSDT	−0.0161%	8h	0.2256	+0.013%	$58.4M	$130.7M	50x	as long as short
Polymarket Perps ARB-USD	−0.0140%	1h	0.2257	+0.062%	$76K	$2.0M	10x	as long as short
Deribit ARB_USDC-PERPETUALshort	−0.0104%	1h	0.2258	+0.111%	$26K	$32K	25x
OKX ARB-USDT-SWAP	−0.0101%	8h	0.2256	−0.004%	$22.7M	$159.8M	50x	as long as short
MEXC ARB_USDT	−0.0101%	8h	0.2255	−0.044%	$37.4M	$58.9M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0041%	8h	0.2258	+0.089%	$13K	$397K	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	0.2258	+0.088%	$67K	$4K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2254	−0.095%	$358K	$2.3M	25x	as long as short
Binance ARBUSDT	+0.0001%	8h	0.2256	+0.022%	$64.9M	$313.7M	75x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2259	+0.146%	$56K	—	150x	as long as short
Gate ARB_USDT	+0.0034%	8h	0.2255	−0.049%	$5.5M	$19.9M	60x	as long as short
Bitget ARBUSDTlong	+0.0066%	8h	0.2256	long leg	$21.3M	$36.8M	50x
BingX ARB-USDT	+0.0069%	8h	0.2255	−0.053%	—	$53.3M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2258	+0.097%	$148K	$12K	3x	as long as short
Kraken Futures PF_ARBUSD	+0.0084%	1h	0.2259	+0.129%	$1.1M	$5.0M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2259	+0.137%	$1.4M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2260	+0.177%	$40.4M	$48.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2257	+0.041%	$702K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2258	+0.077%	$47K	$193K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2258	+0.080%	$20.8M	$16.2M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2258	+0.073%	$40K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2258	+0.089%	$491K	$3.7M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2258	+0.089%	$122K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2260	+0.177%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2260	+0.155%	$281K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2258	+0.089%	$5.2M	$13.2M	50x	as long as short
BloFin ARB-USDT	+0.0120%	8h	0.2257	+0.053%	$3.1M	$3.3M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0264%	1h	0.2260	+0.177%	$509K	$2.3M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0274% / S −0.0156%	1h	0.2259	+0.143%	$848K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2257	+0.038%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0330%	1h	0.2257	+0.027%	$501K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0627%	1h	0.2260	+0.168%	$891K	$2.8M	20x	as long as short