Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.043%

Price spread now: BloFin against dYdX−0.100%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 BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.246%+$25 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. BloFin is 0.100% cheaper against dYdX than usual: you would sell low and buy high (spread −0.100% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 2.8 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ARB-USD	0.2265	0	get 0.0000% / 1h	1m 53s	$67K	$4K	10x
Short	BloFin ARB-USDT	0.2263	0.0120	get 0.0120% / 8h	1m 53s	$3.1M	$2.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.100%Rate

Funding earned: $25.17
Price spread: −0.100% → 0.000%: −$9.98
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$6.81
Costs to cover: 0.220%
Break-even: 8.9 days

Slippage unknown: dYdX: no order-book sample; BloFin: live order book, 6 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 BloFin live order book, 6 min ago	1.99 bp	11.4 bp −$11	20.1 bp −$201	doesn't fit	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 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	−0.1785%	1h	0.2256	−0.404%	$41K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0216%	1h	0.2261	−0.192%	$66K	$2.0M	10x	as long as short
01 Exchange ARBUSD	−0.0208%	1h	0.2260	−0.223%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0196%	8h	0.2255	−0.438%	$2.0M	$2.8M	—	as long as short
Bybit ARBUSDT	−0.0183%	8h	0.2261	−0.184%	$58.3M	$128.0M	50x	as long as short
SoDEX ARB-USD	−0.0180%	1h	0.2261	−0.197%	$4K	$2.6M	5x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0148%	1h	0.2262	−0.157%	$25K	$34K	25x	as long as short
OKX ARB-USDT-SWAP	−0.0113%	8h	0.2262	−0.148%	$22.8M	$159.0M	50x	as long as short
MEXC ARB_USDT	−0.0112%	8h	0.2263	−0.117%	$38.4M	$60.2M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0042%	8h	0.2261	−0.184%	$13K	$394K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ARB_USDT	−0.0018%	8h	0.2263	−0.113%	$5.4M	$20.3M	60x	as long as short
Binance ARBUSDT	−0.0001%	8h	0.2262	−0.126%	$66.6M	$313.3M	75x	as long as short
dYdX ARB-USDlong	0.0000%	1h	0.2265	long leg	$67K	$4K	10x
Extended ARB-USD	0.0000%	1h	0.2261	−0.192%	$361K	$2.3M	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2263	−0.105%	$56K	—	150x	as long as short
Bitget ARBUSDT	+0.0051%	8h	0.2262	−0.140%	$21.3M	$36.1M	50x	as long as short
BingX ARB-USDT	+0.0052%	8h	0.2262	−0.144%	—	$54.1M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2263	−0.116%	$148K	$12K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2264	−0.064%	$1.4M	$7.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2264	−0.034%	$41.0M	$47.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2265	−0.018%	$704K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2266	+0.021%	$47K	$183K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2262	−0.131%	$19.7M	$16.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2262	−0.161%	$40K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2262	−0.138%	$482K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2263	−0.095%	$122K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2263	−0.095%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2262	−0.144%	$291K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2261	−0.184%	$5.2M	$13.0M	50x	as long as short
BloFin ARB-USDTshort	+0.0120%	8h	0.2263	−0.100%	$3.1M	$2.8M	75x
Coinbase International ARB-PERP-INTX	+0.0216%	1h	0.2262	−0.140%	$510K	$2.3M	50x	as long as short
Kraken Futures PF_ARBUSD	+0.0236%	1h	0.2262	−0.126%	$1.1M	$4.9M	50x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2260	−0.241%	$2K	$695	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0297% / S −0.0186%	1h	0.2262	−0.136%	$925K	—	150x	as long as short
RISEx ARB/USDC	+0.0330%	1h	0.2262	−0.131%	$514K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0463%	1h	0.2265	+0.002%	$1.0M	$2.8M	20x	as long as short