Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0330%/8h= +36.1% APRpaid last 24h +0.046%

Price spread now: BingX against Deribit−0.104%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on BingX

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. BingX is 0.104% cheaper against Deribit than usual: you would sell low and buy high (spread −0.104% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 25 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ARB_USDC-PERPETUAL	0.2213	−0.0247	get 0.0031% / 1h	51m 02s	$36K	$18K	25x
Short	BingX ARB-USDC	0.2210	0.0083	get 0.0083% / 8h	2h 51m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Deribit. 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 DeribitbpFee BingXbpOrdersPrice spread, now −0.104%Rate

Funding earned: $69.3
Price spread: −0.104% → 0.000%: −$10.4
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: $41.9
Costs to cover: 0.170%
Break-even: 2.8 days

Slippage unknown: Deribit: no order-book sample; BingX: live order book, 15 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 BingX live order book, 15 min ago	4.49 bp	20.1 bp −$20	39.7 bp −$397	102.9 bp −$10.3K	586.6 bp −$293.3K

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	−0.1675%	1h	0.2199	−0.610%	$40K	$107K	12x	as long as short
01 Exchange ARBUSD	−0.0448%	1h	0.2209	−0.149%	$7K	$2K	10x	as long as short
Deribit ARB_USDC-PERPETUALlong	−0.0247%	1h	0.2213	long leg	$36K	$18K	25x
Bybit ARBUSDT	−0.0246%	8h	0.2211	−0.063%	$57.5M	$134.8M	50x	as long as short
ApeX Omni ARBUSDT	−0.0239%	1h	0.2215	+0.113%	$120K	$297K	50x	as long as short
Variational Omni ARB	−0.0192%	8h	0.2210	−0.129%	$1.9M	$2.8M	—	as long as short
MEXC ARB_USDT	−0.0062%	8h	0.2210	−0.108%	$37.4M	$63.0M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0061%	8h	0.2211	−0.050%	$22.1M	$164.0M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0054%	1h	0.2213	+0.018%	$1.1M	$5.2M	50x	as long as short
Polymarket Perps ARB-USD	−0.0037%	1h	0.2211	−0.068%	$76K	$2.3M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX ARB-USD	−0.0022%	1h	0.2210	−0.113%	$4K	$2.9M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0007%	8h	0.2211	−0.068%	$10K	$381K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2211	−0.068%	$65K	$4K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2209	−0.140%	$351K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0003%	8h	0.2211	−0.050%	$63.0M	$326.0M	75x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2212	−0.011%	$56K	—	150x	as long as short
BloFin ARB-USDT	+0.0011%	8h	0.2205	−0.334%	$3.0M	$3.3M	75x	as long as short
Gate ARB_USDT	+0.0019%	8h	0.2211	−0.063%	$5.5M	$21.5M	60x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2211	−0.065%	$145K	$12K	3x	as long as short
Bitget ARBUSDT	+0.0082%	8h	0.2211	−0.068%	$20.8M	$38.9M	50x	as long as short
BingX ARB-USDCshort	+0.0083%	8h	0.2210	−0.104%	—	$6.5M	—
Lighter ARB	+0.0096%	1h	0.2212	−0.045%	$1.3M	$7.7M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2214	+0.072%	$39.7M	$53.0M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2212	−0.034%	$688K	$1.8M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2212	−0.042%	$46K	$206K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2211	−0.050%	$20.3M	$17.2M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2212	−0.027%	$38K	$449K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2211	−0.076%	$470K	$4.3M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2213	+0.023%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2208	−0.208%	$272K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2212	−0.023%	$5.3M	$13.8M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0275% / S −0.0168%	1h	0.2213	+0.020%	$811K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2215	+0.113%	$506K	$2.5M	50x	as long as short
Reya ARBRUSDPERP	+0.0291%	1h	0.2211	−0.085%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0385%	1h	0.2215	+0.099%	$1.1M	$2.8M	20x	as long as short
RISEx ARB/USDC	+0.0546%	1h	0.2212	−0.011%	$485K	$2.9M	10x	as long as short