Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h −0.001%

Price spread now: dYdX against Bybit+0.051%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.078%−$8 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and dYdX is 0.051% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.078%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARBUSDT	0.2212	−0.0072	get 0.0072% / 8h	6h 26m	$56.7M	$128.9M	50x
Short	dYdX ARB-USD	0.2213	0	get 0.0000% / 1h	26m 39s	$65K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.051%Rate

Funding earned: $15.19
Price spread: +0.051% → 0.000%: $5.08
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$0.73
Costs to cover: 0.210%
Break-even: 7.3 days

Slippage unknown: Bybit: live order book, 2 min ago; dYdX: 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, 2 min ago	0.23 bp	10.0 bp −$10	20.3 bp −$203	51.5 bp −$5,148	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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 35 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	−0.1692%	1h	0.2203	−0.402%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0248%	1h	0.2212	+0.005%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0224%	1h	0.2212	+0.005%	$10K	$2.5M	5x	as long as short
Variational Omni ARB	−0.0172%	8h	0.2211	−0.045%	$1.9M	$2.9M	—	as long as short
OKX ARB-USDT-SWAP	−0.0117%	8h	0.2211	−0.027%	$22.3M	$156.4M	50x	as long as short
MEXC ARB_USDT	−0.0117%	8h	0.2212	−0.014%	$39.9M	$59.7M	200x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0112%	1h	0.2212	+0.014%	$24K	$34K	25x	as long as short
Gate ARB_USDT	−0.0073%	8h	0.2212	+0.014%	$5.4M	$19.8M	60x	as long as short
Bybit ARBUSDTlong	−0.0072%	8h	0.2212	long leg	$56.7M	$128.9M	50x
ApeX Omni ARBUSDT	−0.0069%	1h	0.2211	−0.041%	$119K	$293K	50x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ARB_USDC	−0.0060%	8h	0.2212	+0.005%	$13K	$382K	10x	as long as short
Binance ARBUSDT	−0.0003%	8h	0.2213	+0.032%	$64.5M	$318.2M	75x	as long as short
dYdX ARB-USDshort	0.0000%	1h	0.2213	+0.051%	$65K	$5K	10x
Extended ARB-USD	0.0000%	1h	0.2211	−0.056%	$353K	$2.5M	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0011%	1h	0.2213	+0.055%	$10K	—	150x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2213	+0.050%	$140K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2212	0.000%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2213	+0.045%	$38.6M	$51.8M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2212	+0.009%	$659K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2214	+0.089%	$42K	$186K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2212	+0.014%	$19.6M	$15.8M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2212	+0.005%	$21.2M	$36.3M	50x	as long as short
BingX ARB-USDT	+0.0100%	8h	0.2212	+0.005%	—	$54.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2211	−0.062%	$40K	$460K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2212	+0.016%	$471K	$3.7M	10x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2213	+0.032%	$76K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2211	−0.041%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2212	+0.009%	$297K	$1.0M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2212	+0.005%	$5.0M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0240%	1h	0.2215	+0.140%	$507K	$2.1M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2213	+0.044%	$826K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2211	−0.029%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0312%	1h	0.2213	+0.056%	$1.1M	$4.7M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2214	+0.082%	$473K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0519%	1h	0.2216	+0.176%	$998K	$2.9M	20x	as long as short