Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.046%

Price spread now: edgeX against Deribit−0.362%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 edgeX

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.362% cheaper against Deribit than usual: you would sell low and buy high (spread −0.362% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$36 on $10k: about 12 days 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	0.2271	0	get 0.0000% / 1h	54m 49s	$26K	$32K	25x
Short	edgeX ARBUSDC	0.2263	0.0100	get 0.0050% / 4h	54m 49s	$40K	$460K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.362%Rate

Funding earned: $21
Price spread: −0.362% → 0.000%: −$36.19
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$31.19
Costs to cover: 0.160%
Break-even: 17.4 days

Slippage unknown: Deribit: no order-book sample; edgeX: live order book, 24 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 edgeX live order book, 24 min ago	13.40 bp	22.4 bp −$22	98.9 bp −$989	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	−0.1785%	1h	0.2257	−0.634%	$41K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0215%	1h	0.2270	−0.079%	$77K	$2.0M	10x	as long as short
01 Exchange ARBUSD	−0.0200%	1h	0.2270	−0.057%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0179%	8h	0.2263	−0.368%	$1.9M	$2.7M	—	as long as short
Bybit ARBUSDT	−0.0161%	8h	0.2266	−0.251%	$58.6M	$129.0M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0104%	8h	0.2266	−0.251%	$22.8M	$159.7M	50x	as long as short
MEXC ARB_USDT	−0.0103%	8h	0.2269	−0.119%	$37.9M	$59.0M	200x	as long as short
SoDEX ARB-USD	−0.0099%	1h	0.2270	−0.070%	$4K	$2.7M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0040%	8h	0.2271	−0.018%	$12K	$397K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2269	−0.110%	$67K	$4K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ARB-USD	0.0000%	1h	0.2269	−0.115%	$360K	$2.3M	25x	as long as short
Deribit ARB_USDC-PERPETUALlong	0.0000%	1h	0.2271	long leg	$26K	$32K	25x
Binance ARBUSDT	+0.0001%	8h	0.2268	−0.163%	$65.4M	$313.1M	75x	as long as short
BloFin ARB-USDT	+0.0002%	8h	0.2270	−0.070%	$3.1M	$3.3M	75x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2273	+0.062%	$57K	—	150x	as long as short
Gate ARB_USDT	+0.0035%	8h	0.2270	−0.075%	$5.5M	$19.9M	60x	as long as short
Bitget ARBUSDT	+0.0066%	8h	0.2267	−0.194%	$21.5M	$36.7M	50x	as long as short
BingX ARB-USDT	+0.0066%	8h	0.2269	−0.088%	—	$53.4M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2272	+0.016%	$149K	$12K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2269	−0.092%	$1.4M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2273	+0.070%	$41.1M	$47.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2270	−0.062%	$706K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2271	−0.018%	$47K	$193K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2270	−0.048%	$20.3M	$16.3M	75x	as long as short
edgeX ARBUSDCshort	+0.0100%	4h	0.2263	−0.362%	$40K	$460K	20x
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2264	−0.326%	$492K	$3.7M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2265	−0.282%	$122K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2273	+0.070%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2269	−0.088%	$284K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2271	−0.018%	$5.2M	$13.2M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0216%	1h	0.2273	+0.070%	$512K	$2.3M	50x	as long as short
Kraken Futures PF_ARBUSD	+0.0235%	1h	0.2272	+0.006%	$1.2M	$4.9M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0274% / S −0.0157%	1h	0.2271	−0.037%	$851K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2269	−0.125%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0330%	1h	0.2272	+0.038%	$502K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0502%	1h	0.2273	+0.079%	$894K	$2.8M	20x	as long as short