Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0175%/8h= +19.1% APRpaid last 24h −0.020%

Price spread now: SoDEX against Bybit+0.023%56s7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$300.305% of the position

Long on Bybit Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.063%−$6 on $10k

Price spread, last 4 days (all we have)+0.586%+$59 · spread now +0.023%, 7d avg +0.033%

Together, before fees+0.523%+$52 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.033%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.063%, so the current rate has only just turned in your favour. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARBUSDT	0.2197	−0.0075	get 0.0075% / 8h	2h 17m	$54.8M	$124.1M	50x
Short	SoDEX ARB-USD	0.2198	0.0100	get 0.0013% / 1h	17m 24s	$9K	$2.2M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.023%Rate

Funding earned: $36.67
Price spread: +0.023% → +0.033%: −$1.07
Slippage, 4 orders: −$11.49
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $5.11
Costs to cover: 0.305%
Break-even: 6.0 days

Slippage from Bybit: live order book, 2 min ago; SoDEX: 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	9.2 bp −$9	18.2 bp −$182	45.1 bp −$4,512	doesn't fit
Sell SoDEX live order book, 2 min ago	0.23 bp	5.6 bp −$6	18.4 bp −$184	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	−0.1581%	1h	0.2189	−0.369%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0160%	1h	0.2198	+0.023%	$7K	$236	10x	as long as short
Variational Omni ARB	−0.0098%	8h	0.2185	−0.561%	$1.8M	$3.0M	—	as long as short
Polymarket Perps ARB-USD	−0.0082%	1h	0.2197	+0.005%	$78K	$2.1M	10x	as long as short
Bybit ARBUSDTlong	−0.0075%	8h	0.2197	long leg	$54.8M	$124.1M	50x
Kraken Futures PF_ARBUSD	−0.0074%	1h	0.2198	+0.056%	$1.1M	$4.4M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0057%	8h	0.2198	+0.023%	$21.7M	$144.1M	50x	as long as short
MEXC ARB_USDT	−0.0056%	8h	0.2198	+0.036%	$41.7M	$61.6M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0047%	8h	0.2199	+0.086%	$12K	$408K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2197	+0.007%	$65K	$5K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2200	+0.118%	$23K	$33K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2199	+0.086%	$44K	—	150x	as long as short
Bitget ARBUSDT	+0.0057%	8h	0.2197	−0.005%	$21.0M	$34.4M	50x	as long as short
Gate ARB_USDT	+0.0083%	8h	0.2198	+0.050%	$5.4M	$18.3M	60x	as long as short
RISEx ARB/USDC	+0.0086%	1h	0.2198	+0.034%	$445K	$2.6M	10x	as long as short
Lighter ARB	+0.0096%	1h	0.2197	+0.009%	$1.3M	$5.5M	15x	as long as short
Extended ARB-USD	+0.0096%	1h	0.2197	−0.015%	$349K	$2.8M	25x	as long as short
BingX ARB-USDT	+0.0096%	8h	0.2198	+0.050%	—	$53.8M	—	as long as short
Binance ARBUSDT	+0.0099%	8h	0.2198	+0.062%	$62.8M	$300.2M	75x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2198	+0.055%	$36.9M	$48.8M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2198	+0.058%	$633K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2198	+0.021%	$42K	$149K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2199	+0.077%	$19.6M	$14.4M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2187	−0.465%	$39K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2199	+0.078%	$472K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2199	+0.086%	$119K	$282K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2201	+0.178%	$2K	$1.1M	30x	as long as short
SoDEX ARB-USDshort	+0.0100%	1h	0.2198	+0.023%	$9K	$2.2M	5x
HTX ARB-USDT	+0.0100%	8h	0.2198	+0.046%	$294K	$884K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2197	−0.005%	$4.9M	$12.8M	50x	as long as short
Aevo ARB-PERP	+0.0104%	1h	0.2199	+0.071%	$139K	$7K	3x	as long as short
BloFin ARB-USDT	+0.0216%	8h	0.2198	+0.041%	$3.0M	$2.4M	75x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0277% / S −0.0159%	1h	0.2198	+0.050%	$832K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2201	+0.178%	$509K	$1.6M	50x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2197	−0.012%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0733%	1h	0.2200	+0.155%	$987K	$2.8M	20x	as long as short