Funding you earn now, next payment 09:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h +0.003%
Price spread now: SoDEX against Deribit−0.110%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SoDEX is 0.110% cheaper against Deribit than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ARB_USDC-PERPETUAL | 0.2188 | 0 | get 0.0000% / 1h | 56m 08s | $28K | $38K | 25x |
| Short | SoDEX ARB-USD | 0.2186 | −0.0050 | pay 0.0006% / 1h | 56m 08s | $9K | $2.2M | 5x |
Deribit ARB_USDC-PERPETUAL
SoDEX ARB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against Deribit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.48
- Price spread: −0.110% → 0.000%
- −$10.97
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$36.44
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; SoDEX: live order book, 3 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 SoDEX live order book, 3 min ago | 0.23 bp | 5.5 bp −$5 | 14.6 bp −$146 | 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 | −0.1605% | 1h | 0.2179 | −0.434% | $39K | $372K | 12x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0169% | 1h | 0.2187 | −0.056% | $1.1M | $4.3M | 50x | as long as short |
| 01 Exchange ARBUSD | −0.0128% | 1h | 0.2190 | +0.055% | $7K | $236 | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0068% | 8h | 0.2185 | −0.155% | $22.1M | $145.1M | 50x | as long as short |
| MEXC ARB_USDT | −0.0068% | 8h | 0.2187 | −0.059% | $42.4M | $62.4M | 200x | as long as short |
| SoDEX ARB-USDshort | −0.0050% | 1h | 0.2186 | −0.110% | $9K | $2.2M | 5x | |
| Orderly PERP_ARB_USDC | −0.0040% | 8h | 0.2188 | −0.023% | $16K | $409K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2190 | +0.091% | $65K | $4K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUALlong | 0.0000% | 1h | 0.2188 | long leg | $28K | $38K | 25x | |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2188 | −0.002% | $73K | — | 150x | as long as short |
Injective ARB/USDC PERP
Kraken Futures PF_ARBUSD
01 Exchange ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Orderly PERP_ARB_USDC
dYdX ARB-USD
gTrade (Gains Network) ARB/USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDT | +0.0006% | 8h | 0.2187 | −0.052% | $63.1M | $299.3M | 75x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2186 | −0.115% | $364K | $3.1M | 25x | as long as short |
| Gate ARB_USDT | +0.0010% | 8h | 0.2187 | −0.055% | $5.4M | $18.0M | 60x | as long as short |
| Variational Omni ARB | +0.0029% | 8h | 0.2187 | −0.084% | $1.8M | $3.0M | — | as long as short |
| BloFin ARB-USDT | +0.0060% | 8h | 0.2194 | +0.270% | $3.0M | $2.3M | 75x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2189 | +0.007% | $139K | $7K | 3x | as long as short |
| Bitget ARBUSDT | +0.0087% | 8h | 0.2185 | −0.160% | $21.1M | $34.7M | 50x | as long as short |
| BingX ARB-USDC | +0.0087% | 8h | 0.2187 | −0.055% | — | $6.5M | — | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2187 | −0.078% | $1.3M | $5.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2190 | +0.064% | $36.6M | $49.8M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2189 | +0.044% | $627K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2191 | +0.102% | $43K | $146K | 10x | as long as short |
| Bybit ARBUSDT | +0.0100% | 8h | 0.2186 | −0.123% | $53.2M | $125.9M | 50x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2188 | 0.000% | $19.5M | $13.8M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2187 | −0.074% | $40K | $464K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2186 | −0.101% | $465K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2187 | −0.069% | $118K | $268K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2190 | +0.073% | $73K | $2.1M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2190 | +0.069% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2190 | +0.069% | $294K | $836K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2187 | −0.069% | $4.8M | $12.8M | 50x | as long as short |
| RISEx ARB/USDC | +0.0123% | 1h | 0.2189 | +0.037% | $512K | $2.7M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0277% / S −0.0160% | 1h | 0.2188 | −0.026% | $829K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0288% | 1h | 0.2188 | −0.019% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0296% | 1h | 0.2188 | −0.023% | $978K | $2.8M | 20x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0336% | 1h | 0.2195 | +0.297% | $524K | $1.5M | 50x | as long as short |
Binance ARBUSDT
Extended ARB-USD
Gate ARB_USDT
Variational Omni ARB
BloFin ARB-USDT
Aevo ARB-PERP
Bitget ARBUSDT
BingX ARB-USDC
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
Bybit ARBUSDT
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP
Coinbase International ARB-PERP-INTX