Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0277%/8h= +30.4% APRpaid last 24h +0.041%

Price spread now: Reya against BloFin−0.099%46s7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.099% cheaper against BloFin than usual: you would sell low and buy high (spread −0.099% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 29 hours of funding at the current rate (+$8 a day). The two prices were read 46 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	0.2189	0.0011	pay 0.0011% / 8h	7h 50m	$3.0M	$2.3M	75x
Short	Reya ARBRUSDPERP	0.2187	0.0288	get 0.0036% / 1h	50m 25s	$2K	$695	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.099%Rate

Funding earned: $58.25
Price spread: −0.099% → 0.000%: −$9.91
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $30.35
Costs to cover: 0.180%
Break-even: 3.4 days

Slippage unknown: BloFin: live order book, 3 min ago; Reya: 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	0.46 bp	8.4 bp −$8	20.6 bp −$206	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	−0.1605%	1h	0.2176	−0.603%	$39K	$372K	12x	as long as short
SoDEX ARB-USD	−0.0194%	1h	0.2190	+0.059%	$9K	$2.2M	5x	as long as short
Kraken Futures PF_ARBUSD	−0.0168%	1h	0.2192	+0.112%	$1.1M	$4.3M	50x	as long as short
Gate ARB_USDT	−0.0079%	8h	0.2188	−0.078%	$5.4M	$18.1M	60x	as long as short
OKX ARB-USDT-SWAP	−0.0074%	8h	0.2187	−0.110%	$22.2M	$145.3M	50x	as long as short
MEXC ARB_USDT	−0.0073%	8h	0.2188	−0.078%	$42.7M	$62.6M	200x	as long as short
01 Exchange ARBUSD	−0.0056%	1h	0.2190	+0.014%	$7K	$236	10x	as long as short
Orderly PERP_ARB_USDC	−0.0042%	8h	0.2187	−0.100%	$16K	$413K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2191	+0.066%	$65K	$4K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2188	−0.048%	$364K	$3.1M	25x	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	0.2191	+0.100%	$28K	$38K	25x	as long as short
Binance ARBUSDT	+0.0001%	8h	0.2187	−0.087%	$63.1M	$299.1M	75x	as long as short
Phemex ARBUSDT	+0.0003%	8h	0.2190	+0.037%	$4.8M	$12.8M	50x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2192	+0.110%	$72K	—	150x	as long as short
BloFin ARB-USDTlong	+0.0011%	8h	0.2189	long leg	$3.0M	$2.3M	75x
Variational Omni ARB	+0.0029%	8h	0.2190	+0.027%	$1.8M	$3.0M	—	as long as short
Bitget ARBUSDT	+0.0080%	8h	0.2189	−0.009%	$21.1M	$34.6M	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2188	−0.070%	$139K	$7K	3x	as long as short
BingX ARB-USDC	+0.0087%	8h	0.2187	−0.114%	—	$6.5M	—	as long as short
Bybit ARBUSDT	+0.0090%	8h	0.2186	−0.128%	$53.2M	$125.7M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2190	+0.046%	$1.3M	$5.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2189	−0.005%	$36.6M	$49.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2188	−0.037%	$626K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2191	+0.073%	$43K	$146K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2189	+0.005%	$19.5M	$13.8M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2188	−0.057%	$40K	$465K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2189	−0.009%	$470K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2188	−0.055%	$118K	$267K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2190	+0.037%	$73K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2188	−0.055%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2189	+0.005%	$293K	$836K	50x	as long as short
Backpack ARB_USDC_PERP	+0.0119%	1h	0.2192	+0.132%	$980K	$2.8M	20x	as long as short
RISEx ARB/USDC	+0.0123%	1h	0.2190	+0.044%	$514K	$2.7M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0159%	1h	0.2192	+0.117%	$828K	—	150x	as long as short
Reya ARBRUSDPERPshort	+0.0288%	1h	0.2187	−0.099%	$2K	$695	20x
Coinbase International ARB-PERP-INTX	+0.0336%	1h	0.2193	+0.192%	$523K	$1.5M	50x	as long as short