Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0113%/8h= +12.4% APRpaid last 24h +0.059%

Price spread now: BloFin against Deribit−0.049%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 BloFin

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. BloFin is 0.049% cheaper against Deribit than usual: you would sell low and buy high (spread −0.049% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 35 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ARB_USDC-PERPETUAL	0.2241	0	get 0.0000% / 1h	36m 44s	$26K	$32K	25x
Short	BloFin ARB-USDT	0.2240	0.0113	get 0.0113% / 8h	1h 36m	$3.0M	$3.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.049%Rate

Funding earned: $23.69
Price spread: −0.049% → 0.000%: −$4.91
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$0.21
Costs to cover: 0.190%
Break-even: 7.1 days

Slippage unknown: Deribit: no order-book sample; BloFin: 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 BloFin live order book, 2 min ago	7.81 bp	16.6 bp −$17	28.0 bp −$280	doesn't fit	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	−0.1770%	1h	0.2225	−0.701%	$40K	$283K	12x	as long as short
01 Exchange ARBUSD	−0.0224%	1h	0.2239	−0.071%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0162%	8h	0.2236	−0.192%	$1.9M	$2.8M	—	as long as short
Bybit ARBUSDT	−0.0140%	8h	0.2240	−0.018%	$57.7M	$135.3M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0100%	8h	0.2241	+0.018%	$22.4M	$163.2M	50x	as long as short
MEXC ARB_USDT	−0.0099%	8h	0.2241	+0.018%	$37.5M	$62.4M	200x	as long as short
SoDEX ARB-USD	−0.0065%	1h	0.2240	−0.031%	$4K	$2.8M	5x	as long as short
Polymarket Perps ARB-USD	−0.0053%	1h	0.2239	−0.062%	$76K	$2.1M	10x	as long as short
Orderly PERP_ARB_USDC	−0.0027%	8h	0.2239	−0.076%	$10K	$393K	10x	as long as short
Extended ARB-USD	−0.0008%	1h	0.2240	−0.033%	$356K	$2.4M	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDT	−0.0007%	8h	0.2241	−0.006%	$64.0M	$322.3M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2242	+0.057%	$66K	$4K	10x	as long as short
Deribit ARB_USDC-PERPETUALlong	0.0000%	1h	0.2241	long leg	$26K	$32K	25x
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2241	−0.003%	$56K	—	150x	as long as short
Gate ARB_USDT	+0.0030%	8h	0.2241	−0.004%	$5.5M	$20.7M	60x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2241	+0.011%	$147K	$12K	3x	as long as short
BingX ARB-USDT	+0.0082%	8h	0.2241	+0.013%	—	$53.6M	—	as long as short
Bitget ARBUSDT	+0.0084%	8h	0.2240	−0.031%	$21.0M	$37.9M	50x	as long as short
Kraken Futures PF_ARBUSD	+0.0085%	1h	0.2243	+0.084%	$1.1M	$5.2M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2241	+0.036%	$1.3M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2244	+0.143%	$40.0M	$50.9M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2242	+0.040%	$697K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2242	+0.047%	$45K	$197K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2241	+0.036%	$20.6M	$16.8M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2237	−0.150%	$40K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2237	−0.150%	$481K	$4.0M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2237	−0.165%	$121K	$294K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2241	+0.013%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2242	+0.049%	$277K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2239	−0.076%	$5.2M	$13.5M	50x	as long as short
BloFin ARB-USDTshort	+0.0113%	8h	0.2240	−0.049%	$3.0M	$3.3M	75x
Coinbase International ARB-PERP-INTX	+0.0264%	1h	0.2243	+0.103%	$509K	$2.3M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0275% / S −0.0158%	1h	0.2241	+0.018%	$841K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0291%	1h	0.2238	−0.105%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0363%	1h	0.2242	+0.036%	$494K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0640%	1h	0.2245	+0.179%	$1.1M	$2.7M	20x	as long as short