Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.020%

Price spread now: Extended against edgeX−0.221%73s7-day average −0.118% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as 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−$650.653% of the position

Long on edgeX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.139%−$14 on $10k

Price spread, last 4 days (all we have)−0.118%−$12 · spread now −0.221%, 7d avg −0.118%

Together, before fees−0.256%+ Points / potential airdropedgeX: Active · Extended: Active · farm board−$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Extended is 0.103% cheaper against edgeX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.118%). Swap the legs. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ARBUSDC	0.2235	0.0100	pay 0.0050% / 4h	1h 16m	$40K	$463K	20x
Short	Extended ARB-USD	0.2230	0.0024	get 0.0003% / 1h	16m 02s	$355K	$2.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.221%Rate

Funding earned: −$15.96
Price spread: −0.221% → −0.118%: −$10.29
Slippage, 4 orders: −$51.33
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$91.58
Costs to cover: 0.653%
Break-even: never at this rate

Slippage from edgeX: live order book, 48 min ago; Extended: live order book, 3 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, 48 min ago	13.48 bp	20.1 bp −$20	71.6 bp −$716	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	8.96 bp	11.5 bp −$11	70.7 bp −$707	doesn't fit	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	−0.1577%	1h	0.2225	−0.427%	$40K	$372K	12x	as long as short
Variational Omni ARB	−0.0144%	8h	0.2231	−0.172%	$1.9M	$2.9M	—	as long as short
OKX ARB-USDT-SWAP	−0.0139%	8h	0.2228	−0.298%	$22.4M	$150.5M	50x	as long as short
MEXC ARB_USDT	−0.0138%	8h	0.2230	−0.181%	$38.4M	$59.3M	200x	as long as short
Gate ARB_USDT	−0.0113%	8h	0.2230	−0.199%	$5.4M	$19.2M	60x	as long as short
01 Exchange ARBUSD	−0.0112%	1h	0.2231	−0.172%	$7K	$2K	10x	as long as short
Polymarket Perps ARB-USD	−0.0105%	1h	0.2231	−0.168%	$89K	$2.1M	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0098%	1h	0.2232	−0.127%	$1.1M	$4.4M	50x	as long as short
Bybit ARBUSDT	−0.0087%	8h	0.2229	−0.262%	$56.8M	$126.0M	50x	as long as short
SoDEX ARB-USD	−0.0078%	1h	0.2231	−0.172%	$10K	$2.4M	5x	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	−0.0073%	8h	0.2232	−0.114%	$13K	$386K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0064%	1h	0.2232	−0.114%	$25K	$34K	25x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2231	−0.170%	$66K	$5K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0013%	1h	0.2233	−0.069%	$11K	—	150x	as long as short
Extended ARB-USDshort	+0.0024%	1h	0.2230	−0.221%	$355K	$2.5M	25x
Binance ARBUSDT	+0.0026%	8h	0.2230	−0.214%	$65.1M	$306.8M	75x	as long as short
Phemex ARBUSDT	+0.0054%	8h	0.2231	−0.159%	$5.0M	$12.9M	50x	as long as short
Bitget ARBUSDT	+0.0079%	8h	0.2231	−0.159%	$21.3M	$34.6M	50x	as long as short
BingX ARB-USDC	+0.0081%	8h	0.2231	−0.145%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2232	−0.100%	$142K	$7K	3x	as long as short
BloFin ARB-USDT	+0.0095%	8h	0.2230	−0.199%	$3.1M	$2.7M	75x	as long as short
Lighter ARB	+0.0096%	1h	0.2231	−0.163%	$1.2M	$6.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2231	−0.163%	$38.7M	$49.1M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2233	−0.081%	$654K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2230	−0.220%	$43K	$169K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2231	−0.145%	$19.7M	$15.3M	75x	as long as short
edgeX ARBUSDClong	+0.0100%	4h	0.2235	long leg	$40K	$463K	20x
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2235	+0.036%	$484K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2241	+0.289%	$121K	$283K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2232	−0.114%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2230	−0.199%	$303K	$940K	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2237	+0.110%	$505K	$2.0M	50x	as long as short
RISEx ARB/USDC	+0.0232%	1h	0.2232	−0.130%	$485K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2233	−0.079%	$833K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2230	−0.201%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0579%	1h	0.2233	−0.069%	$1.0M	$2.8M	20x	as long as short