Funding you earn now, next payment 01:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h +0.028%
Price spread now: Binance against Deribit−0.068%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Binance is 0.068% cheaper against Deribit than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ARB_USDC-PERPETUAL | 0.2248 | 0 | get 0.0000% / 1h | 41m 11s | $25K | $34K | 25x |
| Short | Binance ARBUSDT | 0.2247 | −0.0013 | pay 0.0013% / 8h | 7h 41m | $66.1M | $311.4M | 75x |
Deribit ARB_USDC-PERPETUAL
Binance ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Deribit. 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
- −$2.73
- Price spread: −0.068% → 0.000%
- −$6.81
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$26.54
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Binance: live order book, 2 min ago. 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 2 min ago | 0.22 bp | 9.4 bp −$9 | 18.8 bp −$188 | 69.1 bp −$6,912 | doesn't fit |
Deribit: 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 | 0.2237 | −0.507% | $40K | $372K | 12x | as long as short |
| Bybit ARBUSDT | −0.0289% | 8h | 0.2245 | −0.138% | $58.0M | $127.0M | 50x | as long as short |
| Variational Omni ARB | −0.0214% | 8h | 0.2246 | −0.111% | $1.9M | $2.8M | — | as long as short |
| 01 Exchange ARBUSD | −0.0144% | 1h | 0.2246 | −0.089% | $7K | $2K | 10x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0138% | 1h | 0.2249 | +0.034% | $1.1M | $4.9M | 50x | as long as short |
| MEXC ARB_USDT | −0.0119% | 8h | 0.2246 | −0.120% | $38.3M | $59.0M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0118% | 8h | 0.2245 | −0.156% | $22.6M | $156.9M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0045% | 8h | 0.2248 | −0.018% | $12K | $387K | 10x | as long as short |
| SoDEX ARB-USD | −0.0042% | 1h | 0.2246 | −0.085% | $4K | $2.6M | 5x | as long as short |
| Extended ARB-USD | −0.0016% | 1h | 0.2247 | −0.050% | $357K | $2.8M | 25x | as long as short |
Injective ARB/USDC PERP
Bybit ARBUSDT
Variational Omni ARB
01 Exchange ARBUSD
Kraken Futures PF_ARBUSD
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Orderly PERP_ARB_USDC
SoDEX ARB-USD
Extended ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDTshort | −0.0013% | 8h | 0.2247 | −0.068% | $66.1M | $311.4M | 75x | |
| Phemex ARBUSDT | −0.0010% | 8h | 0.2247 | −0.062% | $5.1M | $13.0M | 50x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2249 | +0.009% | $66K | $4K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUALlong | 0.0000% | 1h | 0.2248 | long leg | $25K | $34K | 25x | |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2249 | +0.022% | $55K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0011% | 8h | 0.2248 | −0.022% | $5.4M | $19.7M | 60x | as long as short |
| BingX ARB-USDT | +0.0056% | 8h | 0.2246 | −0.085% | — | $54.1M | — | as long as short |
| Bitget ARBUSDT | +0.0059% | 8h | 0.2249 | +0.027% | $21.4M | $36.0M | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2249 | +0.021% | $143K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2248 | 0.000% | $1.4M | $7.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2250 | +0.058% | $40.5M | $47.6M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2248 | −0.038% | $699K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2248 | −0.017% | $44K | $187K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2248 | −0.040% | $19.6M | $16.0M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2248 | +0.004% | $40K | $460K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2250 | +0.071% | $490K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2250 | +0.071% | $121K | $296K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2247 | −0.044% | $65K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2248 | −0.018% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2250 | +0.049% | $293K | $1.0M | 50x | as long as short |
| BloFin ARB-USDT | +0.0107% | 8h | 0.2248 | −0.031% | $3.1M | $2.8M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0232% | 1h | 0.2252 | +0.178% | $507K | $2.2M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0290% / S −0.0177% | 1h | 0.2248 | −0.007% | $895K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2246 | −0.087% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0384% | 1h | 0.2248 | +0.001% | $503K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0423% | 1h | 0.2252 | +0.156% | $1.0M | $2.8M | 20x | as long as short |
Phemex ARBUSDT
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
BingX ARB-USDT
Bitget ARBUSDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP