Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: HTX against dYdX−0.043%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 HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.210%+$21 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. HTX is 0.043% cheaper against dYdX than usual: you would sell low and buy high (spread −0.043% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 34 hours 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	0.2257	0	get 0.0000% / 1h	56m 14s	$67K	$4K	10x
Short	HTX ARB-USDT	0.2256	0.0100	get 0.0100% / 8h	7h 56m	$293K	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.043%Rate

Funding earned: $21
Price spread: −0.043% → 0.000%: −$4.26
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$5.26
Costs to cover: 0.220%
Break-even: 8.8 days

Slippage unknown: dYdX: no order-book sample; HTX: 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 HTX live order book, 2 min ago	10.60 bp	16.6 bp −$17	doesn't fit	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	−0.1666%	1h	0.2248	−0.384%	$41K	$372K	12x	as long as short
Bybit ARBUSDT	−0.0599%	8h	0.2254	−0.127%	$58.2M	$127.5M	50x	as long as short
Variational Omni ARB	−0.0205%	8h	0.2254	−0.125%	$2.0M	$2.8M	—	as long as short
01 Exchange ARBUSD	−0.0176%	1h	0.2252	−0.198%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0176%	1h	0.2255	−0.091%	$4K	$2.6M	5x	as long as short
Kraken Futures PF_ARBUSD	−0.0138%	1h	0.2257	+0.017%	$1.1M	$4.9M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0116%	8h	0.2255	−0.091%	$22.7M	$158.2M	50x	as long as short
MEXC ARB_USDT	−0.0115%	8h	0.2251	−0.242%	$37.7M	$58.7M	200x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0105%	1h	0.2255	−0.074%	$25K	$34K	25x	as long as short
Polymarket Perps ARB-USD	−0.0078%	1h	0.2251	−0.242%	$66K	$2.0M	10x	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	0.2255	−0.074%	$13K	$391K	10x	as long as short
Extended ARB-USD	−0.0008%	1h	0.2253	−0.151%	$359K	$2.3M	25x	as long as short
Binance ARBUSDT	−0.0007%	8h	0.2255	−0.060%	$66.4M	$312.9M	75x	as long as short
dYdX ARB-USDlong	0.0000%	1h	0.2257	long leg	$67K	$4K	10x
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2254	−0.135%	$56K	—	150x	as long as short
Gate ARB_USDT	+0.0044%	8h	0.2253	−0.162%	$5.4M	$19.6M	60x	as long as short
Bitget ARBUSDT	+0.0046%	8h	0.2254	−0.118%	$21.2M	$36.0M	50x	as long as short
BingX ARB-USDT	+0.0047%	8h	0.2255	−0.091%	—	$54.1M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2256	−0.043%	$147K	$3K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2256	−0.007%	$1.4M	$7.3M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2253	−0.176%	$40.7M	$47.8M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2254	−0.122%	$700K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2257	+0.020%	$47K	$183K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2252	−0.193%	$19.6M	$16.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2256	−0.008%	$40K	$460K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2261	+0.191%	$482K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2263	+0.281%	$122K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2257	+0.015%	$2K	$1.1M	30x	as long as short
HTX ARB-USDTshort	+0.0100%	8h	0.2256	−0.043%	$293K	$1.0M	50x
Phemex ARBUSDT	+0.0100%	8h	0.2257	+0.015%	$5.1M	$13.0M	50x	as long as short
BloFin ARB-USDT	+0.0113%	8h	0.2256	−0.043%	$3.1M	$2.8M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0232%	1h	0.2256	−0.029%	$509K	$2.3M	50x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2250	−0.316%	$2K	$695	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0297% / S −0.0186%	1h	0.2253	−0.159%	$922K	—	150x	as long as short
RISEx ARB/USDC	+0.0384%	1h	0.2255	−0.078%	$511K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0402%	1h	0.2260	+0.139%	$1.0M	$2.8M	20x	as long as short