Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0065%/8h= +7.1% APRpaid last 24h +0.047%

Price spread now: Bitget against Deribit−0.041%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 Bitget

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. Bitget is 0.041% cheaper against Deribit than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2.1 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ARB_USDC-PERPETUAL	0.2204	0	get 0.0000% / 1h	31m 06s	$24K	$34K	25x
Short	Bitget ARBUSDT	0.2203	0.0065	get 0.0065% / 8h	4h 31m	$20.9M	$34.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.041%Rate

Funding earned: $13.65
Price spread: −0.041% → 0.000%: −$4.08
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$9.43
Costs to cover: 0.190%
Break-even: 11.8 days

Slippage unknown: Deribit: no order-book sample; Bitget: live order book, 3 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 Bitget live order book, 3 min ago	2.28 bp	12.6 bp −$13	22.8 bp −$228	124.3 bp −$12.4K	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	−0.1649%	1h	0.2191	−0.585%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0176%	1h	0.2204	0.000%	$7K	$2K	10x	as long as short
MEXC ARB_USDT	−0.0136%	8h	0.2203	−0.054%	$42.1M	$60.7M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0135%	8h	0.2204	+0.005%	$22.1M	$148.8M	50x	as long as short
Polymarket Perps ARB-USD	−0.0127%	1h	0.2204	−0.009%	$90K	$2.2M	10x	as long as short
Variational Omni ARB	−0.0107%	8h	0.2202	−0.074%	$1.8M	$2.9M	—	as long as short
Gate ARB_USDT	−0.0076%	8h	0.2203	−0.036%	$5.3M	$18.8M	60x	as long as short
Orderly PERP_ARB_USDC	−0.0075%	8h	0.2203	−0.041%	$12K	$395K	10x	as long as short
Bybit ARBUSDT	−0.0032%	8h	0.2203	−0.018%	$55.7M	$126.9M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0006%	1h	0.2204	−0.010%	$1.1M	$4.4M	50x	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	0.2203	−0.045%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUALlong	0.0000%	1h	0.2204	long leg	$24K	$34K	25x
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2204	+0.005%	$32K	—	150x	as long as short
Binance ARBUSDT	+0.0013%	8h	0.2204	+0.009%	$64.1M	$307.6M	75x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2202	−0.090%	$352K	$2.5M	25x	as long as short
BloFin ARB-USDT	+0.0052%	8h	0.2202	−0.082%	$3.1M	$2.6M	75x	as long as short
BingX ARB-USDT	+0.0064%	8h	0.2203	−0.050%	—	$53.9M	—	as long as short
Bitget ARBUSDTshort	+0.0065%	8h	0.2203	−0.041%	$20.9M	$34.9M	50x
SoDEX ARB-USD	+0.0071%	1h	0.2203	−0.041%	$10K	$2.3M	5x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2204	−0.003%	$140K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2203	−0.045%	$1.2M	$5.7M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2204	+0.009%	$37.9M	$48.8M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2205	+0.058%	$635K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2203	−0.042%	$42K	$169K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2204	+0.005%	$19.5M	$15.0M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2190	−0.653%	$39K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2191	−0.598%	$474K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2195	−0.404%	$118K	$284K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2207	+0.141%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2203	−0.036%	$299K	$952K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2202	−0.086%	$4.9M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2206	+0.095%	$493K	$1.9M	50x	as long as short
RISEx ARB/USDC	+0.0225%	1h	0.2205	+0.052%	$463K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0274% / S −0.0157%	1h	0.2204	+0.003%	$826K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2203	−0.032%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0621%	1h	0.2206	+0.104%	$994K	$2.8M	20x	as long as short