Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0416%/8h= +45.6% APRpaid last 24h +0.085%

Price spread now: Reya against Bybit−0.253%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 Reya

What this pair did over the last

the charts below follow

Funding, last 3 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 0.253% cheaper against Bybit than usual: you would sell low and buy high (spread −0.253% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$25 on $10k: about 2.0 days of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARBUSDT	0.2274	−0.0126	get 0.0126% / 8h	7h 10m	$59.1M	$126.6M	50x
Short	Reya ARBRUSDPERP	0.2268	0.0290	get 0.0036% / 1h	10m 48s	$2K	$695	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.253%Rate

Funding earned: $87.37
Price spread: −0.253% → 0.000%: −$25.27
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Reya: 3 bp × 2 orders: −$6
Net: $45.1
Costs to cover: 0.170%
Break-even: 3.4 days

Slippage unknown: Bybit: 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 Bybit live order book, 3 min ago	0.22 bp	11.7 bp −$12	22.8 bp −$228	56.7 bp −$5,668	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	−0.1666%	1h	0.2260	−0.603%	$41K	$372K	12x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0235%	1h	0.2269	−0.224%	$25K	$34K	25x	as long as short
Variational Omni ARB	−0.0201%	8h	0.2267	−0.313%	$2.0M	$2.8M	—	as long as short
01 Exchange ARBUSD	−0.0144%	1h	0.2269	−0.194%	$7K	$2K	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0137%	1h	0.2270	−0.141%	$1.2M	$4.9M	50x	as long as short
Bybit ARBUSDTlong	−0.0126%	8h	0.2274	long leg	$59.1M	$126.6M	50x
MEXC ARB_USDT	−0.0108%	8h	0.2273	−0.053%	$39.2M	$59.4M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0107%	8h	0.2275	+0.053%	$23.1M	$158.4M	50x	as long as short
SoDEX ARB-USD	−0.0062%	1h	0.2268	−0.242%	$10K	$2.5M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0049%	8h	0.2268	−0.251%	$12K	$388K	10x	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	0.2272	−0.087%	$67K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2270	−0.179%	$33K	—	150x	as long as short
Binance ARBUSDT	+0.0023%	8h	0.2274	+0.002%	$67.2M	$310.4M	75x	as long as short
Extended ARB-USD	+0.0024%	1h	0.2270	−0.148%	$366K	$2.5M	25x	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2270	−0.182%	$144K	$7K	3x	as long as short
BloFin ARB-USDT	+0.0091%	8h	0.2269	−0.211%	$3.2M	$2.9M	75x	as long as short
BingX ARB-USDC	+0.0094%	8h	0.2274	+0.004%	—	$6.5M	—	as long as short
Lighter ARB	+0.0096%	1h	0.2270	−0.154%	$1.4M	$7.3M	15x	as long as short
Bitget ARBUSDT	+0.0098%	8h	0.2275	+0.057%	$21.8M	$35.7M	50x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2278	+0.185%	$41.3M	$47.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2270	−0.158%	$706K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2272	−0.067%	$45K	$184K	10x	as long as short
Gate ARB_USDT	+0.0100%	8h	0.2274	+0.009%	$5.5M	$20.0M	60x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2274	+0.018%	$19.8M	$15.8M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2262	−0.495%	$41K	$464K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2276	+0.101%	$488K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2264	−0.427%	$122K	$296K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2270	−0.167%	$65K	$2.0M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2269	−0.207%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2268	−0.229%	$296K	$976K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2270	−0.163%	$5.2M	$12.9M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0232%	1h	0.2272	−0.070%	$523K	$2.3M	50x	as long as short
Reya ARBRUSDPERPshort	+0.0290%	1h	0.2268	−0.253%	$2K	$695	20x
GMX ARB/USD [ARB-USDC]	L +0.0291% / S −0.0179%	1h	0.2269	−0.196%	$908K	—	150x	as long as short
RISEx ARB/USDC	+0.0384%	1h	0.2271	−0.106%	$517K	$2.6M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0602%	1h	0.2271	−0.119%	$1.0M	$2.8M	20x	as long as short