Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0210%/8h= −23.0% APRpaid last 24h −0.056%

Price spread now: Deribit against BloFin+0.531%57s7-day average — · you sell dearer than you buy

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

Long on BloFin 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 0.531% dearer against BloFin than usual: you sell high and buy low (spread +0.531% now, against zero (this spread has no 7-day history yet)): +$53 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 8.4 days. The two prices were read 57 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	BloFin ARB-USDT	0.2185	0.0210	pay 0.0210% / 8h	2h 19m	$3.0M	$2.4M	75x
Short	Deribit ARB_USDC-PERPETUAL	0.2197	0	get 0.0000% / 1h	19m 42s	$23K	$33K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against BloFin. 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 BloFinbpFee DeribitbpOrdersPrice spread, now +0.531%Rate

Funding earned: −$44.15
Price spread: +0.531% → 0.000%: $53.08
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$10.07
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: BloFin: live order book, 3 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 BloFin live order book, 3 min ago	0.92 bp	10.8 bp −$11	18.3 bp −$183	doesn't fit	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	−0.1581%	1h	0.2176	−0.430%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0168%	1h	0.2194	+0.407%	$7K	$236	10x	as long as short
Variational Omni ARB	−0.0098%	8h	0.2185	−0.029%	$1.8M	$3.0M	—	as long as short
Polymarket Perps ARB-USD	−0.0088%	1h	0.2195	+0.416%	$78K	$2.1M	10x	as long as short
Bybit ARBUSDT	−0.0077%	8h	0.2197	+0.531%	$54.9M	$124.2M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0074%	1h	0.2197	+0.530%	$1.1M	$4.4M	50x	as long as short
MEXC ARB_USDT	−0.0057%	8h	0.2198	+0.581%	$41.7M	$61.4M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0056%	8h	0.2198	+0.581%	$21.7M	$144.1M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0048%	8h	0.2196	+0.485%	$12K	$408K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2198	+0.587%	$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-PERPETUALshort	0.0000%	1h	0.2197	+0.531%	$23K	$33K	25x
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2197	+0.518%	$44K	—	150x	as long as short
Bitget ARBUSDT	+0.0057%	8h	0.2197	+0.531%	$21.0M	$34.3M	50x	as long as short
Gate ARB_USDT	+0.0078%	8h	0.2199	+0.604%	$5.5M	$18.2M	60x	as long as short
BingX ARB-USDT	+0.0084%	8h	0.2198	+0.581%	—	$53.8M	—	as long as short
RISEx ARB/USDC	+0.0086%	1h	0.2198	+0.598%	$446K	$2.6M	10x	as long as short
Lighter ARB	+0.0096%	1h	0.2198	+0.590%	$1.3M	$5.5M	15x	as long as short
Extended ARB-USD	+0.0096%	1h	0.2197	+0.544%	$349K	$2.8M	25x	as long as short
Binance ARBUSDT	+0.0096%	8h	0.2198	+0.595%	$62.8M	$300.1M	75x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2199	+0.622%	$36.9M	$48.8M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2198	+0.589%	$633K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2198	+0.597%	$42K	$149K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2199	+0.618%	$19.6M	$14.4M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2182	−0.169%	$39K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2182	−0.164%	$464K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2182	−0.156%	$118K	$282K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2199	+0.622%	$2K	$1.1M	30x	as long as short
SoDEX ARB-USD	+0.0100%	1h	0.2196	+0.480%	$9K	$2.2M	5x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2197	+0.531%	$293K	$884K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2197	+0.531%	$4.9M	$12.8M	50x	as long as short
Aevo ARB-PERP	+0.0104%	1h	0.2197	+0.513%	$139K	$7K	3x	as long as short
BloFin ARB-USDTlong	+0.0210%	8h	0.2185	long leg	$3.0M	$2.4M	75x
GMX ARB/USD [ARB-USDC]	L +0.0277% / S −0.0159%	1h	0.2197	+0.519%	$831K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2198	+0.577%	$509K	$1.6M	50x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2194	+0.409%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0719%	1h	0.2201	+0.709%	$987K	$2.8M	20x	as long as short