Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0071%/8h= +7.8% APRpaid last 24h +0.031%

Price spread now: Gate against Deribit−0.085%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 Gate

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. Gate is 0.085% cheaper against Deribit than usual: you would sell low and buy high (spread −0.085% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 4.0 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	0.2232	−0.0064	get 0.0008% / 1h	15m 15s	$38K	$20K	25x
Short	Gate ARB_USDT	0.2230	0.0007	get 0.0007% / 8h	2h 15m	$5.5M	$21.6M	60x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.085%Rate

Funding earned: $14.91
Price spread: −0.085% → 0.000%: −$8.51
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$15.6
Costs to cover: 0.220%
Break-even: 14.3 days

Slippage unknown: Deribit: no order-book sample; Gate: live order book, 4 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 Gate live order book, 4 min ago	2.90 bp	15.3 bp −$15	24.9 bp −$249	94.8 bp −$9,479	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	−0.1675%	1h	0.2224	−0.341%	$40K	$197K	12x	as long as short
01 Exchange ARBUSD	−0.0272%	1h	0.2228	−0.139%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0162%	8h	0.2234	+0.087%	$1.9M	$2.8M	—	as long as short
Bybit ARBUSDT	−0.0156%	8h	0.2230	−0.085%	$56.1M	$135.9M	50x	as long as short
SoDEX ARB-USD	−0.0109%	1h	0.2231	−0.040%	$4K	$2.9M	5x	as long as short
MEXC ARB_USDT	−0.0103%	8h	0.2229	−0.134%	$37.0M	$63.8M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0103%	8h	0.2230	−0.076%	$22.2M	$164.3M	50x	as long as short
Deribit ARB_USDC-PERPETUALlong	−0.0064%	1h	0.2232	long leg	$38K	$20K	25x
Kraken Futures PF_ARBUSD	−0.0053%	1h	0.2232	+0.024%	$1.1M	$5.2M	50x	as long as short
Polymarket Perps ARB-USD	−0.0042%	1h	0.2229	−0.117%	$77K	$2.2M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ARB_USDC	−0.0018%	8h	0.2231	−0.027%	$11K	$388K	10x	as long as short
Extended ARB-USD	−0.0016%	1h	0.2230	−0.079%	$355K	$2.4M	25x	as long as short
Binance ARBUSDT	−0.0014%	8h	0.2230	−0.059%	$63.4M	$324.6M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2232	+0.013%	$66K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2231	−0.008%	$56K	—	150x	as long as short
Gate ARB_USDTshort	+0.0007%	8h	0.2230	−0.085%	$5.5M	$21.6M	60x
Aevo ARB-PERP	+0.0080%	1h	0.2231	−0.022%	$146K	$12K	3x	as long as short
Bitget ARBUSDT	+0.0088%	8h	0.2230	−0.072%	$20.9M	$38.3M	50x	as long as short
BingX ARB-USDC	+0.0088%	8h	0.2228	−0.161%	—	$6.5M	—	as long as short
Lighter ARB	+0.0096%	1h	0.2233	+0.045%	$1.3M	$7.7M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2232	+0.018%	$39.8M	$52.9M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2231	−0.033%	$692K	$1.8M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2231	−0.030%	$47K	$199K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2231	−0.027%	$20.5M	$17.0M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2240	+0.356%	$40K	$457K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2241	+0.421%	$483K	$4.1M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2238	+0.287%	$121K	$297K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2231	−0.027%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2230	−0.094%	$274K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2234	+0.108%	$5.2M	$13.7M	50x	as long as short
BloFin ARB-USDT	+0.0106%	8h	0.2232	0.000%	$3.0M	$3.3M	75x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0154% / S −0.0018%	1h	0.2231	−0.014%	$846K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2249	+0.780%	$504K	$2.5M	50x	as long as short
Reya ARBRUSDPERP	+0.0291%	1h	0.2229	−0.130%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0546%	1h	0.2232	−0.002%	$495K	$2.8M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0567%	1h	0.2236	+0.202%	$1.1M	$2.7M	20x	as long as short