Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.025%

Price spread now: Bitget against dYdX−0.120%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.110%+$11 on $10k

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. Bitget is 0.120% cheaper against dYdX than usual: you would sell low and buy high (spread −0.120% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 4.0 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	dYdX ARB-USD	0.2214	0	get 0.0000% / 1h	31m 38s	$65K	$5K	10x
Short	Bitget ARBUSDT	0.2211	0.0100	get 0.0100% / 8h	6h 31m	$21.1M	$36.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against dYdX. 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 dYdXbpFee BitgetbpOrdersPrice spread, now −0.120%Rate

Funding earned: $21
Price spread: −0.120% → 0.000%: −$12
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$13
Costs to cover: 0.220%
Break-even: 11.3 days

Slippage unknown: dYdX: no order-book sample; Bitget: live order book, 2 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 dYdX no order-book sample	—	—	—	—	—
Sell Bitget live order book, 2 min ago	2.26 bp	15.4 bp −$15	22.7 bp −$227	126.6 bp −$12.7K	doesn't fit

dYdX: 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 35 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	−0.1692%	1h	0.2212	−0.075%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0240%	1h	0.2212	−0.097%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0223%	1h	0.2212	−0.066%	$10K	$2.5M	5x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0202%	1h	0.2213	−0.052%	$24K	$34K	25x	as long as short
Variational Omni ARB	−0.0176%	8h	0.2226	+0.576%	$1.9M	$2.9M	—	as long as short
ApeX Omni ARBUSDT	−0.0156%	1h	0.2226	+0.558%	$120K	$296K	50x	as long as short
OKX ARB-USDT-SWAP	−0.0112%	8h	0.2211	−0.129%	$22.3M	$156.7M	50x	as long as short
MEXC ARB_USDT	−0.0112%	8h	0.2211	−0.138%	$40.2M	$59.6M	200x	as long as short
Bybit ARBUSDT	−0.0065%	8h	0.2212	−0.079%	$56.8M	$129.0M	50x	as long as short
Gate ARB_USDT	−0.0062%	8h	0.2211	−0.116%	$5.4M	$19.8M	60x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ARB_USDC	−0.0059%	8h	0.2215	+0.061%	$13K	$381K	10x	as long as short
dYdX ARB-USDlong	0.0000%	1h	0.2214	long leg	$65K	$5K	10x
Binance ARBUSDT	+0.0002%	8h	0.2212	−0.088%	$64.5M	$318.0M	75x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0011%	1h	0.2216	+0.126%	$10K	—	150x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2210	−0.170%	$353K	$2.5M	25x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2216	+0.086%	$141K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2212	−0.075%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2213	−0.030%	$38.2M	$50.9M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2212	−0.072%	$659K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2214	−0.002%	$42K	$188K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2213	−0.048%	$19.6M	$15.8M	75x	as long as short
Bitget ARBUSDTshort	+0.0100%	8h	0.2211	−0.120%	$21.1M	$36.2M	50x
BingX ARB-USDC	+0.0100%	8h	0.2211	−0.116%	—	$6.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2225	+0.501%	$40K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2219	+0.236%	$480K	$3.7M	10x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2218	+0.178%	$77K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2215	+0.061%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2214	+0.015%	$298K	$1.0M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2213	−0.030%	$5.0M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0240%	1h	0.2219	+0.241%	$508K	$2.1M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2217	+0.134%	$828K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2216	+0.106%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0312%	1h	0.2213	−0.025%	$1.1M	$4.7M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2213	−0.052%	$469K	$2.6M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0537%	1h	0.2216	+0.088%	$998K	$2.9M	20x	as long as short