Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0069%/8h= +7.6% APRpaid last 24h +0.015%

Price spread now: Bitget against Extended−0.006%7-day average +0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$640.636% of the position

Long on Extended Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 7 days+0.081%+$8 · spread now −0.006%, 7d avg +0.070%

Together, before fees+0.119%+ Points / potential airdropExtended: Active · farm board+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.077% cheaper against Extended than usual: you would sell low and buy high (spread −0.006% now, against its 7-day average of +0.070%). If the spread goes back, that is −$8 on $10k: about 3.7 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.038% in total) that is about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ARB-USD	0.2240	−0.0016	get 0.0002% / 1h	46m 21s	$357K	$2.6M	25x
Short	Bitget ARBUSDT	0.2240	0.0053	get 0.0053% / 8h	7h 46m	$21.3M	$36.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Extended. 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 ExtendedbpFee BitgetbpOrdersPrice spread, now −0.006%Rate

Funding earned: $14.49
Price spread: −0.006% → +0.070%: −$7.67
Slippage, 4 orders: −$46.62
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$56.81
Costs to cover: 0.636%
Break-even: 34.4 days

Slippage from Extended: live order book, 2 min ago; Bitget: 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 Extended live order book, 2 min ago	15.62 bp	18.1 bp −$18	76.1 bp −$761	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	2.23 bp	16.5 bp −$17	27.9 bp −$279	132.4 bp −$13.2K	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	−0.1666%	1h	0.2233	−0.319%	$40K	$372K	12x	as long as short
Bybit ARBUSDT	−0.0259%	8h	0.2238	−0.096%	$57.8M	$127.1M	50x	as long as short
Variational Omni ARB	−0.0214%	8h	0.2239	−0.046%	$1.9M	$2.8M	—	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0196%	1h	0.2239	−0.055%	$25K	$34K	25x	as long as short
01 Exchange ARBUSD	−0.0144%	1h	0.2240	+0.012%	$7K	$2K	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0139%	1h	0.2241	+0.032%	$1.1M	$4.9M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0118%	8h	0.2239	−0.042%	$22.5M	$156.7M	50x	as long as short
MEXC ARB_USDT	−0.0118%	8h	0.2239	−0.064%	$38.1M	$58.9M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0043%	8h	0.2240	−0.006%	$13K	$386K	10x	as long as short
SoDEX ARB-USD	−0.0033%	1h	0.2239	−0.069%	$4K	$2.6M	5x	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	−0.0026%	8h	0.2239	−0.046%	$5.4M	$19.7M	60x	as long as short
Extended ARB-USDlong	−0.0016%	1h	0.2240	long leg	$357K	$2.6M	25x
Binance ARBUSDT	−0.0014%	8h	0.2239	−0.053%	$65.9M	$312.2M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2242	+0.080%	$66K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2240	−0.025%	$54K	—	150x	as long as short
BingX ARB-USDC	+0.0045%	8h	0.2238	−0.078%	—	$6.5M	—	as long as short
Bitget ARBUSDTshort	+0.0053%	8h	0.2240	−0.006%	$21.3M	$36.0M	50x
Aevo ARB-PERP	+0.0080%	1h	0.2240	−0.014%	$142K	$7K	3x	as long as short
Polymarket Perps ARB-USD	+0.0081%	1h	0.2239	−0.055%	$66K	$2.0M	10x	as long as short
Lighter ARB	+0.0096%	1h	0.2243	+0.128%	$1.4M	$7.3M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2241	+0.043%	$40.4M	$47.6M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2241	+0.061%	$697K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2243	+0.112%	$44K	$187K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2240	−0.011%	$19.5M	$16.0M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2241	+0.031%	$40K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2241	+0.049%	$475K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2241	+0.038%	$121K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2245	+0.217%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2242	+0.079%	$291K	$1.0M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2239	−0.051%	$5.1M	$13.0M	50x	as long as short
BloFin ARB-USDT	+0.0105%	8h	0.2239	−0.055%	$3.1M	$2.7M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0232%	1h	0.2242	+0.083%	$506K	$2.2M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0290% / S −0.0177%	1h	0.2239	−0.039%	$891K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2238	−0.105%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0359%	1h	0.2243	+0.132%	$1.0M	$2.8M	20x	as long as short
RISEx ARB/USDC	+0.0384%	1h	0.2242	+0.105%	$499K	$2.7M	10x	as long as short