Funding you earn now, next payment 08:00 UTC−0.0045%/8h= −5.0% APRnext payment −$0.45 per $10,000 · paid last 24h −0.017%
Price spread now: OKX against Bybit−0.014%7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$410.414% of the position
Funding, last 7 days−0.086%−$9 on $10k
+Price spread, last 7 days+0.045%+$4 · spread now −0.014%, 7d avg +0.004%
=The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| 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 27m | $56.7M | $128.9M | 50x |
| Short | OKX ARB-USDT-SWAP | 0.2211 | −0.0117 | pay 0.0117% / 8h | 6h 27m | $22.3M | $156.6M | 50x |
Bybit ARBUSDT
OKX ARB-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$9.51
- Price spread: −0.014% → +0.004%
- −$1.8
- Slippage, 4 orders
- −$20.37
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$52.67
- Costs to cover
- 0.414%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; OKX: live order book, 2 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, 2 min ago | 0.23 bp | 10.0 bp −$10 | 20.3 bp −$203 | 51.5 bp −$5,148 | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.23 bp | 7.3 bp −$7 | 25.7 bp −$257 | doesn't fit | doesn't fit |
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 | −0.393% | $40K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0248% | 1h | 0.2212 | +0.014% | $7K | $2K | 10x | as long as short |
| SoDEX ARB-USD | −0.0224% | 1h | 0.2212 | +0.014% | $10K | $2.5M | 5x | as long as short |
| Variational Omni ARB | −0.0172% | 8h | 0.2211 | −0.036% | $1.9M | $2.9M | — | as long as short |
| OKX ARB-USDT-SWAPshort | −0.0117% | 8h | 0.2211 | −0.014% | $22.3M | $156.6M | 50x | |
| MEXC ARB_USDT | −0.0114% | 8h | 0.2213 | +0.036% | $40.0M | $59.7M | 200x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0112% | 1h | 0.2212 | +0.023% | $24K | $34K | 25x | as long as short |
| Gate ARB_USDT | −0.0073% | 8h | 0.2213 | +0.041% | $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 | −0.032% | $119K | $293K | 50x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
SoDEX ARB-USD
Variational Omni ARB
MEXC ARB_USDT
Deribit ARB_USDC-PERPETUAL
Gate ARB_USDT
ApeX Omni ARBUSDTShow 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 | +0.014% | $13K | $382K | 10x | as long as short |
| Binance ARBUSDT | −0.0002% | 8h | 0.2213 | +0.063% | $64.6M | $318.2M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2214 | +0.119% | $66K | $5K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2211 | −0.024% | $353K | $2.5M | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0011% | 1h | 0.2213 | +0.064% | $10K | — | 150x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2213 | +0.059% | $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 | +0.059% | $38.6M | $51.8M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2212 | +0.018% | $659K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2215 | +0.140% | $42K | $186K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2212 | +0.027% | $19.6M | $15.8M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2213 | +0.059% | $21.3M | $36.3M | 50x | as long as short |
| BingX ARB-USDT | +0.0100% | 8h | 0.2213 | +0.063% | — | $54.5M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2211 | −0.053% | $40K | $460K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2212 | +0.025% | $471K | $3.7M | 10x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2213 | +0.041% | $76K | $2.1M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2211 | −0.032% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2212 | +0.018% | $297K | $1.0M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2212 | +0.014% | $5.0M | $13.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0240% | 1h | 0.2215 | +0.149% | $507K | $2.1M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2213 | +0.053% | $826K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2211 | −0.020% | $2K | $695 | 20x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0312% | 1h | 0.2213 | +0.065% | $1.1M | $4.7M | 50x | as long as short |
| RISEx ARB/USDC | +0.0466% | 1h | 0.2214 | +0.091% | $473K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0519% | 1h | 0.2216 | +0.185% | $998K | $2.9M | 20x | as long as short |
Orderly PERP_ARB_USDC
Binance ARBUSDT
dYdX ARB-USD
Extended ARB-USD
gTrade (Gains Network) ARB/USD
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDT
edgeX ARBUSDC
GRVT ARB_USDT_Perp
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Kraken Futures PF_ARBUSD
RISEx ARB/USDC
Backpack ARB_USDC_PERP