Funding you earn now, next payment 00:00 UTC−0.0262%/8h= −28.7% APRpaid last 24h −0.001%
Price spread now: Bybit against edgeX+0.140%111s7-day average −0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$630.631% of the position
Funding, last 7 days−0.104%−$10 on $10k
+Price spread, last 3 days (all we have)−0.402%−$40 · spread now +0.140%, 7d avg −0.046%
=Together, before fees−0.506%+ Points / potential airdropedgeX: Active · farm board−$51 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.186% dearer against edgeX than usual: you sell high and buy low (spread +0.140% now, against its 7-day average of −0.046%): +$19 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 2.4 days. At the pace of the last 7 days (−0.104% in total) that is about 13 days. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.104% in total (about -5.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX ARBUSDC | 0.2274 | 0.0100 | pay 0.0050% / 4h | 33m 39s | $40K | $462K | 20x |
| Short | Bybit ARBUSDT | 0.2277 | −0.0162 | pay 0.0162% / 8h | 33m 39s | $58.6M | $128.9M | 50x |
edgeX ARBUSDC
Bybit ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against edgeX. 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
- −$55.09
- Price spread: +0.140% → −0.046%
- $18.6
- Slippage, 4 orders
- −$43.14
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$99.63
- Costs to cover
- 0.631%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 45 min ago; Bybit: live order book, 5 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, 45 min ago | 13.40 bp | 21.8 bp −$22 | 100.2 bp −$1,002 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.22 bp | 9.7 bp −$10 | 18.3 bp −$183 | 45.5 bp −$4,546 | 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 | −0.1785% | 1h | 0.2264 | −0.449% | $41K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0283% | 1h | 0.2279 | +0.197% | $75K | $2.0M | 10x | as long as short |
| Variational Omni ARB | −0.0182% | 8h | 0.2273 | −0.041% | $2.0M | $2.8M | — | as long as short |
| Bybit ARBUSDTshort | −0.0162% | 8h | 0.2277 | +0.140% | $58.6M | $128.9M | 50x | |
| 01 Exchange ARBUSD | −0.0160% | 1h | 0.2278 | +0.158% | $7K | $2K | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0110% | 8h | 0.2278 | +0.175% | $23.0M | $160.9M | 50x | as long as short |
| MEXC ARB_USDT | −0.0109% | 8h | 0.2278 | +0.149% | $38.2M | $59.6M | 200x | as long as short |
| SoDEX ARB-USD | −0.0067% | 1h | 0.2279 | +0.197% | $4K | $2.6M | 5x | as long as short |
| Orderly PERP_ARB_USDC | −0.0041% | 8h | 0.2279 | +0.211% | $13K | $395K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0013% | 1h | 0.2280 | +0.246% | $26K | $32K | 25x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
Variational Omni ARB
01 Exchange ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
SoDEX ARB-USD
Orderly PERP_ARB_USDC
Deribit ARB_USDC-PERPETUALShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2280 | +0.237% | $67K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2280 | +0.245% | $55K | — | 150x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2277 | +0.137% | $363K | $2.3M | 25x | as long as short |
| Binance ARBUSDT | +0.0009% | 8h | 0.2278 | +0.157% | $66.7M | $314.2M | 75x | as long as short |
| Gate ARB_USDT | +0.0011% | 8h | 0.2278 | +0.171% | $5.5M | $20.2M | 60x | as long as short |
| BloFin ARB-USDT | +0.0038% | 8h | 0.2273 | −0.049% | $3.1M | $2.8M | 75x | as long as short |
| Bitget ARBUSDT | +0.0067% | 8h | 0.2277 | +0.123% | $21.5M | $36.0M | 50x | as long as short |
| BingX ARB-USDT | +0.0067% | 8h | 0.2278 | +0.158% | — | $53.5M | — | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2281 | +0.279% | $149K | $12K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2279 | +0.211% | $1.4M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2281 | +0.303% | $41.5M | $47.3M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2279 | +0.200% | $710K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2279 | +0.225% | $48K | $185K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2278 | +0.175% | $19.8M | $16.2M | 75x | as long as short |
| edgeX ARBUSDClong | +0.0100% | 4h | 0.2274 | long leg | $40K | $462K | 20x | |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2275 | +0.019% | $485K | $3.7M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2274 | −0.009% | $123K | $295K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2277 | +0.123% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2280 | +0.259% | $291K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2277 | +0.123% | $5.2M | $13.1M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0216% | 1h | 0.2278 | +0.167% | $513K | $2.3M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0235% | 1h | 0.2280 | +0.261% | $1.2M | $4.9M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2278 | +0.168% | $2K | $695 | 20x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0296% / S −0.0186% | 1h | 0.2280 | +0.235% | $932K | — | 150x | as long as short |
| RISEx ARB/USDC | +0.0330% | 1h | 0.2281 | +0.287% | $504K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0479% | 1h | 0.2282 | +0.351% | $928K | $2.8M | 20x | as long as short |
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Binance ARBUSDT
Gate ARB_USDT
BloFin ARB-USDT
Bitget ARBUSDT
BingX ARB-USDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
Kraken Futures PF_ARBUSD
Reya ARBRUSDPERP
GMX ARB/USD [ARB-USDC]
RISEx ARB/USDC
Backpack ARB_USDC_PERP