Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0009%/8h= −0.9% APRpaid last 24h −0.045%

Price spread now: Deribit against Bybit−0.108%7-day average — · you buy dearer than you sell

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

Long on Bybit 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Deribit is 0.108% cheaper against Bybit than usual: you would sell low and buy high, −$11 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARBUSDT	0.2222	−0.0236	get 0.0236% / 8h	2h 45m	$57.5M	$135.5M	50x
Short	Deribit ARB_USDC-PERPETUAL	0.2220	−0.0245	pay 0.0031% / 1h	45m 19s	$36K	$18K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bybit. 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 BybitbpFee DeribitbpOrdersPrice spread, now −0.108%Rate

Funding earned: −$1.79
Price spread: −0.108% → 0.000%: −$10.8
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$30.59
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bybit: 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 Bybit live order book, 4 min ago	0.23 bp	9.9 bp −$10	21.0 bp −$210	48.9 bp −$4,890	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	−0.1675%	1h	0.2210	−0.558%	$40K	$107K	12x	as long as short
01 Exchange ARBUSD	−0.0376%	1h	0.2221	−0.045%	$7K	$2K	10x	as long as short
Deribit ARB_USDC-PERPETUALshort	−0.0245%	1h	0.2220	−0.108%	$36K	$18K	25x
Bybit ARBUSDTlong	−0.0236%	8h	0.2222	long leg	$57.5M	$135.5M	50x
Variational Omni ARB	−0.0187%	8h	0.2221	−0.069%	$1.9M	$2.8M	—	as long as short
OKX ARB-USDT-SWAP	−0.0060%	8h	0.2218	−0.193%	$22.1M	$164.5M	50x	as long as short
MEXC ARB_USDT	−0.0060%	8h	0.2222	−0.018%	$37.3M	$63.1M	200x	as long as short
Kraken Futures PF_ARBUSD	−0.0054%	1h	0.2219	−0.155%	$1.1M	$5.3M	50x	as long as short
SoDEX ARB-USD	−0.0044%	1h	0.2218	−0.202%	$4K	$2.9M	5x	as long as short
ApeX Omni ARBUSDT	−0.0021%	1h	0.2220	−0.108%	$120K	$297K	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ARB_USDC	−0.0008%	8h	0.2220	−0.108%	$10K	$383K	10x	as long as short
Polymarket Perps ARB-USD	−0.0007%	1h	0.2222	0.000%	$77K	$2.3M	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2225	+0.099%	$66K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2224	+0.059%	$55K	—	150x	as long as short
Binance ARBUSDT	+0.0006%	8h	0.2223	+0.013%	$63.3M	$326.0M	75x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2218	−0.201%	$353K	$2.5M	25x	as long as short
Gate ARB_USDT	+0.0021%	8h	0.2223	+0.022%	$5.5M	$21.5M	60x	as long as short
BloFin ARB-USDT	+0.0023%	8h	0.2220	−0.094%	$3.0M	$3.3M	75x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2221	−0.059%	$145K	$12K	3x	as long as short
Bitget ARBUSDT	+0.0083%	8h	0.2218	−0.198%	$20.8M	$38.9M	50x	as long as short
BingX ARB-USDT	+0.0083%	8h	0.2223	+0.013%	—	$54.1M	—	as long as short
Lighter ARB	+0.0096%	1h	0.2224	+0.085%	$1.3M	$7.7M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2225	+0.099%	$39.8M	$53.1M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2224	+0.086%	$692K	$1.8M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2225	+0.112%	$46K	$207K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2224	+0.054%	$20.5M	$17.2M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2219	−0.143%	$38K	$451K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2220	−0.109%	$476K	$4.2M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2224	+0.072%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2218	−0.202%	$273K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2218	−0.198%	$5.3M	$13.8M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0275% / S −0.0168%	1h	0.2224	+0.057%	$815K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2221	−0.072%	$507K	$2.5M	50x	as long as short
Reya ARBRUSDPERP	+0.0291%	1h	0.2222	−0.022%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0457%	1h	0.2225	+0.112%	$1.1M	$2.8M	20x	as long as short
RISEx ARB/USDC	+0.0546%	1h	0.2225	+0.115%	$488K	$2.9M	10x	as long as short