Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.008%

Price spread now: Bybit against Extended+0.037%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$550.554% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 7 days−0.006%−$1 · spread now +0.037%, 7d avg +0.063%

Together, before fees0.000%+ Points / potential airdropExtended: Active · farm board$0 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 Bybit is 0.026% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.063%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ARB-USD	0.2206	−0.0008	get 0.0001% / 1h	8m 51s	$352K	$2.5M	25x
Short	Bybit ARBUSDT	0.2207	−0.0041	pay 0.0041% / 8h	6h 08m	$56.3M	$128.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$6.97
Price spread: +0.037% → +0.063%: −$2.58
Slippage, 4 orders: −$39.42
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$64.96
Costs to cover: 0.554%
Break-even: never at this rate

Slippage from Extended: live order book, 5 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 Extended live order book, 5 min ago	15.79 bp	18.3 bp −$18	77.5 bp −$775	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.23 bp	9.1 bp −$9	21.3 bp −$213	48.7 bp −$4,867	doesn't fit

ARB on 35 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	−0.1692%	1h	0.2195	−0.506%	$40K	$372K	12x	as long as short
SoDEX ARB-USD	−0.0262%	1h	0.2207	+0.028%	$10K	$2.5M	5x	as long as short
01 Exchange ARBUSD	−0.0224%	1h	0.2205	−0.053%	$7K	$2K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0203%	1h	0.2207	+0.051%	$24K	$34K	25x	as long as short
Variational Omni ARB	−0.0157%	8h	0.2213	+0.326%	$1.9M	$2.9M	—	as long as short
MEXC ARB_USDT	−0.0127%	8h	0.2208	+0.083%	$38.9M	$60.2M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0127%	8h	0.2207	+0.056%	$22.3M	$155.6M	50x	as long as short
Gate ARB_USDT	−0.0082%	8h	0.2208	+0.083%	$5.4M	$19.9M	60x	as long as short
Orderly PERP_ARB_USDC	−0.0068%	8h	0.2207	+0.037%	$12K	$384K	10x	as long as short
Bybit ARBUSDTshort	−0.0041%	8h	0.2207	+0.037%	$56.3M	$128.8M	50x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ARB-USDlong	−0.0008%	1h	0.2206	long leg	$352K	$2.5M	25x
Binance ARBUSDT	−0.0006%	8h	0.2209	+0.115%	$64.3M	$316.8M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2208	+0.063%	$65K	$5K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0011%	1h	0.2207	+0.057%	$10K	—	150x	as long as short
ApeX Omni ARBUSDT	+0.0071%	1h	0.2216	+0.445%	$120K	$286K	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2208	+0.083%	$140K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2206	+0.010%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2207	+0.019%	$38.4M	$51.3M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2205	−0.067%	$656K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2207	+0.017%	$42K	$183K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2207	+0.051%	$19.5M	$15.7M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2206	−0.008%	$21.1M	$36.4M	50x	as long as short
BingX ARB-USDC	+0.0100%	8h	0.2209	+0.110%	—	$6.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2214	+0.373%	$40K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2215	+0.419%	$481K	$3.7M	10x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2207	+0.019%	$87K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2208	+0.083%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2207	+0.019%	$296K	$995K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2207	+0.037%	$5.0M	$12.9M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0240%	1h	0.2209	+0.128%	$505K	$2.1M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2208	+0.073%	$823K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2205	−0.044%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0313%	1h	0.2208	+0.105%	$1.1M	$4.7M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2208	+0.074%	$479K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0520%	1h	0.2209	+0.128%	$997K	$2.8M	20x	as long as short