Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0028%/8h= −3.0% APRpaid last 24h −0.020%

Price spread now: Binance against edgeX−0.432%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$590.586% of the position

Long on edgeX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.143%−$14 on $10k

Price spread, last 4 days (all we have)+0.152%+$15 · spread now −0.432%, 7d avg −0.015%

Together, before fees+0.009%+ Points / potential airdropedgeX: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.417% cheaper against edgeX than usual: you would sell low and buy high (−$42 if the spread goes back to its 7-day average of −0.015%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ARBUSDC	0.2181	0.0100	pay 0.0050% / 4h	2h 41m	$39K	$461K	20x
Short	Binance ARBUSDT	0.2171	0.0072	get 0.0072% / 8h	2h 41m	$62.2M	$299.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against edgeX. 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 edgeXbpFee BinancebpOrdersPrice spread, now −0.432%Rate

Funding earned: −$5.84
Price spread: −0.432% → −0.015%: −$41.73
Slippage, 4 orders: −$39.65
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$106.22
Costs to cover: 0.586%
Break-even: never at this rate

Slippage from edgeX: live order book, 7 min ago; Binance: live order book, 2 min ago.

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 edgeX live order book, 7 min ago	13.74 bp	21.2 bp −$21	137.6 bp −$1,376	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	0.23 bp	9.0 bp −$9	18.5 bp −$185	66.4 bp −$6,638	doesn't fit

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	−0.1581%	1h	0.2162	−0.855%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0184%	1h	0.2171	−0.437%	$7K	$236	10x	as long as short
Polymarket Perps ARB-USD	−0.0168%	1h	0.2172	−0.396%	$72K	$2.1M	10x	as long as short
Variational Omni ARB	−0.0099%	8h	0.2171	−0.456%	$1.7M	$3.0M	—	as long as short
MEXC ARB_USDT	−0.0093%	8h	0.2171	−0.451%	$40.5M	$60.4M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0091%	8h	0.2171	−0.437%	$21.6M	$141.5M	50x	as long as short
Bybit ARBUSDT	−0.0076%	8h	0.2168	−0.589%	$53.9M	$123.7M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0075%	1h	0.2174	−0.322%	$1.0M	$4.4M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0056%	8h	0.2172	−0.396%	$12K	$409K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2174	−0.308%	$64K	$5K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2173	−0.355%	$23K	$33K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2173	−0.363%	$43K	—	150x	as long as short
Gate ARB_USDT	+0.0046%	8h	0.2171	−0.451%	$5.3M	$18.1M	60x	as long as short
Bitget ARBUSDT	+0.0048%	8h	0.2170	−0.488%	$20.7M	$34.2M	50x	as long as short
Extended ARB-USD	+0.0072%	1h	0.2171	−0.429%	$348K	$2.8M	25x	as long as short
BingX ARB-USDT	+0.0072%	8h	0.2171	−0.447%	—	$53.7M	—	as long as short
Binance ARBUSDTshort	+0.0072%	8h	0.2171	−0.432%	$62.2M	$299.9M	75x
RISEx ARB/USDC	+0.0086%	1h	0.2172	−0.389%	$439K	$2.6M	10x	as long as short
Lighter ARB	+0.0096%	1h	0.2172	−0.410%	$1.2M	$5.5M	15x	as long as short
Aevo ARB-PERP	+0.0096%	1h	0.2173	−0.350%	$138K	$7K	3x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2172	−0.414%	$36.5M	$48.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2172	−0.384%	$626K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2173	−0.361%	$42K	$160K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2171	−0.433%	$19.4M	$14.4M	75x	as long as short
edgeX ARBUSDClong	+0.0100%	4h	0.2181	long leg	$39K	$461K	20x
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2181	+0.017%	$464K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2182	+0.062%	$118K	$282K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2174	−0.304%	$1K	$1.1M	30x	as long as short
SoDEX ARB-USD	+0.0100%	1h	0.2173	−0.364%	$10K	$2.2M	5x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2174	−0.309%	$290K	$894K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2172	−0.396%	$4.9M	$12.6M	50x	as long as short
BloFin ARB-USDT	+0.0192%	8h	0.2172	−0.419%	$3.0M	$2.4M	75x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2173	−0.358%	$820K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2176	−0.208%	$499K	$1.6M	50x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2172	−0.414%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0649%	1h	0.2174	−0.300%	$975K	$2.8M	20x	as long as short