Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0248%/8h= +27.2% APRpaid last 24h +0.046%

Price spread now: HTX against Deribit−0.022%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 HTX

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. HTX is 0.022% cheaper against Deribit than usual: you would sell low and buy high (spread −0.022% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 7 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ARB_USDC-PERPETUAL	0.2261	−0.0148	get 0.0019% / 1h	58m 12s	$25K	$34K	25x
Short	HTX ARB-USDT	0.2261	0.0100	get 0.0100% / 8h	7h 58m	$291K	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.022%Rate

Funding earned: $52.08
Price spread: −0.022% → 0.000%: −$2.21
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: $30.87
Costs to cover: 0.190%
Break-even: 2.9 days

Slippage unknown: Deribit: no order-book sample; HTX: live order book, just now. 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 HTX live order book, just now	10.60 bp	16.6 bp −$17	doesn't fit	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	−0.1666%	1h	0.2247	−0.637%	$41K	$372K	12x	as long as short
Bybit ARBUSDT	−0.0263%	8h	0.2261	−0.009%	$58.3M	$127.8M	50x	as long as short
01 Exchange ARBUSD	−0.0216%	1h	0.2263	+0.084%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0201%	8h	0.2259	−0.113%	$2.0M	$2.8M	—	as long as short
Gate ARB_USDT	−0.0199%	8h	0.2263	+0.088%	$5.4M	$19.6M	60x	as long as short
SoDEX ARB-USD	−0.0171%	1h	0.2260	−0.044%	$4K	$2.6M	5x	as long as short
Deribit ARB_USDC-PERPETUALlong	−0.0148%	1h	0.2261	long leg	$25K	$34K	25x
Kraken Futures PF_ARBUSD	−0.0138%	1h	0.2263	+0.049%	$1.1M	$4.9M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0117%	8h	0.2260	−0.053%	$22.8M	$158.8M	50x	as long as short
MEXC ARB_USDT	−0.0116%	8h	0.2263	+0.066%	$38.5M	$58.6M	200x	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	−0.0042%	8h	0.2262	+0.027%	$13K	$392K	10x	as long as short
Extended ARB-USD	−0.0008%	1h	0.2260	−0.083%	$359K	$2.3M	25x	as long as short
Binance ARBUSDT	−0.0007%	8h	0.2260	−0.041%	$66.6M	$313.2M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2260	−0.057%	$67K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2264	+0.133%	$56K	—	150x	as long as short
Bitget ARBUSDT	+0.0047%	8h	0.2261	−0.018%	$21.3M	$36.1M	50x	as long as short
BingX ARB-USDT	+0.0052%	8h	0.2263	+0.049%	—	$54.0M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2262	+0.011%	$148K	$3K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2261	−0.022%	$1.4M	$7.3M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2266	+0.181%	$41.0M	$47.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2261	−0.009%	$703K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2261	−0.013%	$47K	$183K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2263	+0.066%	$19.7M	$16.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2261	−0.030%	$40K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2261	−0.019%	$482K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2263	+0.071%	$122K	$295K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2263	+0.049%	$66K	$2.0M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2264	+0.115%	$2K	$1.1M	30x	as long as short
HTX ARB-USDTshort	+0.0100%	8h	0.2261	−0.022%	$291K	$1.0M	50x
Phemex ARBUSDT	+0.0100%	8h	0.2259	−0.106%	$5.2M	$13.0M	50x	as long as short
BloFin ARB-USDT	+0.0114%	8h	0.2260	−0.071%	$3.1M	$2.8M	75x	as long as short
Backpack ARB_USDC_PERP	+0.0175%	1h	0.2263	+0.071%	$1.0M	$2.8M	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0232%	1h	0.2263	+0.071%	$511K	$2.3M	50x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2262	+0.009%	$2K	$695	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0297% / S −0.0186%	1h	0.2264	+0.121%	$926K	—	150x	as long as short
RISEx ARB/USDC	+0.0384%	1h	0.2265	+0.169%	$513K	$2.7M	10x	as long as short