Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0136%/8h= +14.9% APRpaid last 24h +0.029%

Price spread now: edgeX against Bybit−0.036%7-day average +0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$560.564% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.132%+$13 on $10k

Price spread, last 4 days (all we have)+0.253%+$25 · spread now −0.036%, 7d avg +0.055%

Together, before fees+0.385%+ Points / potential airdropedgeX: Active · farm board+$39 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.091% cheaper against Bybit than usual: you would sell low and buy high (spread −0.036% now, against its 7-day average of +0.055%). If the spread goes back, that is −$9 on $10k: about 2.2 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.132% in total) that is about 4.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARBUSDT	0.2201	−0.0036	get 0.0036% / 8h	4h 01m	$55.4M	$124.7M	50x
Short	edgeX ARBUSDC	0.2200	0.0100	get 0.0050% / 4h	1m 32s	$38K	$464K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.036%Rate

Funding earned: $28.65
Price spread: −0.036% → +0.055%: −$9.09
Slippage, 4 orders: −$36.36
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$36.79
Costs to cover: 0.564%
Break-even: 16.0 days

Slippage from Bybit: live order book, 3 min ago; edgeX: live order book, 57 min ago.

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, 3 min ago	0.23 bp	8.7 bp −$9	18.1 bp −$181	44.9 bp −$4,487	doesn't fit
Sell edgeX live order book, 57 min ago	11.35 bp	17.9 bp −$18	122.9 bp −$1,229	doesn't fit	doesn't fit

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	−0.1649%	1h	0.2189	−0.550%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0168%	1h	0.2203	+0.073%	$7K	$2K	10x	as long as short
Polymarket Perps ARB-USD	−0.0151%	1h	0.2202	+0.032%	$86K	$2.1M	10x	as long as short
OKX ARB-USDT-SWAP	−0.0114%	8h	0.2202	+0.023%	$22.2M	$144.9M	50x	as long as short
MEXC ARB_USDT	−0.0113%	8h	0.2202	+0.050%	$41.6M	$60.9M	200x	as long as short
Variational Omni ARB	−0.0096%	8h	0.2192	−0.433%	$1.8M	$2.9M	—	as long as short
Orderly PERP_ARB_USDC	−0.0074%	8h	0.2199	−0.095%	$12K	$400K	10x	as long as short
Gate ARB_USDT	−0.0040%	8h	0.2203	+0.073%	$5.3M	$18.9M	60x	as long as short
Bybit ARBUSDTlong	−0.0036%	8h	0.2201	long leg	$55.4M	$124.7M	50x
Kraken Futures PF_ARBUSD	−0.0006%	1h	0.2201	−0.020%	$1.1M	$4.4M	50x	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	0.2202	+0.036%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2201	0.000%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2202	+0.020%	$32K	—	150x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2201	+0.009%	$350K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0018%	8h	0.2202	+0.060%	$64.0M	$301.4M	75x	as long as short
SoDEX ARB-USD	+0.0029%	1h	0.2200	−0.036%	$10K	$2.2M	5x	as long as short
BingX ARB-USDT	+0.0061%	8h	0.2201	+0.005%	—	$53.7M	—	as long as short
Bitget ARBUSDT	+0.0062%	8h	0.2201	−0.005%	$20.9M	$34.2M	50x	as long as short
BloFin ARB-USDT	+0.0071%	8h	0.2201	0.000%	$3.1M	$2.6M	75x	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2201	−0.025%	$140K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2201	0.000%	$1.2M	$5.8M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2203	+0.086%	$37.8M	$48.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2200	−0.048%	$633K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2202	+0.032%	$42K	$168K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2203	+0.082%	$19.5M	$14.8M	75x	as long as short
edgeX ARBUSDCshort	+0.0100%	4h	0.2200	−0.036%	$38K	$464K	20x
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2202	+0.042%	$468K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2202	+0.041%	$119K	$283K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2202	+0.041%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2200	−0.073%	$298K	$909K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2200	−0.050%	$5.0M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2201	−0.018%	$490K	$1.8M	50x	as long as short
RISEx ARB/USDC	+0.0225%	1h	0.2203	+0.095%	$476K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2201	+0.017%	$831K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2201	−0.025%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0609%	1h	0.2203	+0.100%	$992K	$2.8M	20x	as long as short