Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0136%/8h= −14.9% APRpaid last 24h +0.006%

Price spread now: OKX against Deribit+0.055%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on OKX

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

The price spread pays, funding is against you. OKX is 0.055% dearer against Deribit than usual: you sell high and buy low (spread +0.055% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ARB_USDC-PERPETUAL	0.2194	0	get 0.0000% / 1h	48m 46s	$24K	$34K	25x
Short	OKX ARB-USDT-SWAP	0.2195	−0.0136	pay 0.0136% / 8h	4h 48m	$22.2M	$147.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.055%Rate

Funding earned: −$28.62
Price spread: +0.055% → 0.000%: $5.47
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$40.15
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; OKX: live order book, 5 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 OKX live order book, 5 min ago	0.23 bp	9.9 bp −$10	24.6 bp −$246	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	−0.1649%	1h	0.2185	−0.397%	$39K	$372K	12x	as long as short
OKX ARB-USDT-SWAPshort	−0.0136%	8h	0.2195	+0.055%	$22.2M	$147.7M	50x
01 Exchange ARBUSD	−0.0136%	1h	0.2192	−0.082%	$7K	$2K	10x	as long as short
MEXC ARB_USDT	−0.0136%	8h	0.2194	+0.027%	$40.6M	$59.6M	200x	as long as short
Polymarket Perps ARB-USD	−0.0126%	1h	0.2192	−0.082%	$70K	$2.1M	10x	as long as short
Variational Omni ARB	−0.0117%	8h	0.2192	−0.061%	$1.8M	$2.9M	—	as long as short
Gate ARB_USDT	−0.0098%	8h	0.2194	+0.027%	$5.3M	$18.7M	60x	as long as short
Orderly PERP_ARB_USDC	−0.0078%	8h	0.2193	−0.032%	$13K	$388K	10x	as long as short
Bybit ARBUSDT	−0.0046%	8h	0.2194	+0.005%	$55.5M	$125.9M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0006%	1h	0.2195	+0.061%	$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	0.2196	+0.087%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUALlong	0.0000%	1h	0.2194	long leg	$24K	$34K	25x
SoDEX ARB-USD	+0.0003%	1h	0.2193	−0.009%	$10K	$2.3M	5x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2193	−0.014%	$32K	—	150x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2194	−0.007%	$349K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0010%	8h	0.2195	+0.036%	$64.0M	$306.6M	75x	as long as short
BloFin ARB-USDT	+0.0041%	8h	0.2195	+0.046%	$3.1M	$2.6M	75x	as long as short
Bitget ARBUSDT	+0.0066%	8h	0.2193	−0.032%	$20.8M	$34.6M	50x	as long as short
BingX ARB-USDT	+0.0068%	8h	0.2194	+0.005%	—	$53.8M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2195	+0.048%	$139K	$7K	3x	as long as short
Phemex ARBUSDT	+0.0087%	8h	0.2194	+0.014%	$4.9M	$12.9M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2194	+0.009%	$1.2M	$5.7M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2195	+0.055%	$37.9M	$48.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2196	+0.101%	$634K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2195	+0.057%	$42K	$169K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2194	+0.027%	$19.4M	$15.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2204	+0.473%	$40K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2205	+0.515%	$470K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2196	+0.105%	$118K	$282K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2196	+0.105%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2195	+0.041%	$298K	$956K	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2198	+0.178%	$492K	$2.0M	50x	as long as short
RISEx ARB/USDC	+0.0225%	1h	0.2194	−0.003%	$476K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2193	−0.031%	$818K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2192	−0.086%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0573%	1h	0.2197	+0.137%	$992K	$2.8M	20x	as long as short