Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0053%/8h= +5.8% APRpaid last 24h +0.032%

Price spread now: BloFin against Extended+0.078%94s7-day average +0.118% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as 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−$450.449% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.172%+$17 on $10k

Price spread, last 3 days (all we have)+0.532%+$53 · spread now +0.078%, 7d avg +0.118%

Together, before fees+0.704%+ Points / potential airdropExtended: Active · farm board+$70 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.040% cheaper against Extended than usual: you would sell low and buy high (spread +0.078% now, against its 7-day average of +0.118%). If the spread goes back, that is −$4 on $10k: about 2.5 days of funding at the current rate (+$2 a day). The two prices were read 94 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	Extended ARB-USD	0.2260	0	get 0.0000% / 1h	5m 41s	$359K	$2.3M	25x
Short	BloFin ARB-USDT	0.2262	0.0053	get 0.0053% / 8h	5m 41s	$3.1M	$2.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.078%Rate

Funding earned: $11.1
Price spread: +0.078% → +0.118%: −$3.95
Slippage, 4 orders: −$27.92
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$37.76
Costs to cover: 0.449%
Break-even: 30.8 days

Slippage from Extended: live order book, 3 min ago; BloFin: 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, 3 min ago	8.85 bp	11.4 bp −$11	68.3 bp −$683	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	1.99 bp	11.4 bp −$11	20.1 bp −$201	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	−0.1785%	1h	0.2256	−0.192%	$41K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0238%	1h	0.2257	−0.143%	$66K	$2.0M	10x	as long as short
01 Exchange ARBUSD	−0.0208%	1h	0.2262	+0.074%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0196%	8h	0.2255	−0.225%	$2.0M	$2.8M	—	as long as short
SoDEX ARB-USD	−0.0182%	1h	0.2256	−0.178%	$4K	$2.6M	5x	as long as short
Bybit ARBUSDT	−0.0180%	8h	0.2260	−0.002%	$58.2M	$128.0M	50x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0149%	1h	0.2256	−0.174%	$25K	$34K	25x	as long as short
MEXC ARB_USDT	−0.0112%	8h	0.2261	+0.034%	$38.4M	$60.2M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0112%	8h	0.2261	+0.025%	$22.8M	$158.9M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0041%	8h	0.2256	−0.192%	$13K	$394K	10x	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	−0.0016%	8h	0.2261	+0.034%	$5.4M	$20.3M	60x	as long as short
Binance ARBUSDT	−0.0003%	8h	0.2261	+0.016%	$66.6M	$313.3M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2261	+0.014%	$67K	$4K	10x	as long as short
Extended ARB-USDlong	0.0000%	1h	0.2260	long leg	$359K	$2.3M	25x
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2258	−0.104%	$56K	—	150x	as long as short
Bitget ARBUSDT	+0.0052%	8h	0.2260	−0.015%	$21.3M	$35.9M	50x	as long as short
BloFin ARB-USDTshort	+0.0053%	8h	0.2262	+0.078%	$3.1M	$2.8M	75x
BingX ARB-USDC	+0.0054%	8h	0.2260	−0.037%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2257	−0.162%	$148K	$12K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2262	+0.078%	$1.4M	$7.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2263	+0.136%	$41.0M	$47.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2259	−0.057%	$705K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2262	+0.075%	$47K	$183K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2261	+0.016%	$19.6M	$16.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2263	+0.098%	$40K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2263	+0.118%	$485K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2264	+0.162%	$122K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2259	−0.059%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2257	−0.130%	$290K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2258	−0.103%	$5.2M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0216%	1h	0.2260	−0.015%	$510K	$2.3M	50x	as long as short
Kraken Futures PF_ARBUSD	+0.0237%	1h	0.2260	−0.006%	$1.1M	$4.9M	50x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2256	−0.187%	$2K	$695	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0297% / S −0.0186%	1h	0.2257	−0.127%	$924K	—	150x	as long as short
RISEx ARB/USDC	+0.0330%	1h	0.2264	+0.179%	$515K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0453%	1h	0.2262	+0.074%	$1.0M	$2.8M	20x	as long as short