Funding you earn now, next payment 22:00 UTC−0.0118%/8h= −12.9% APRnext payment −$0.15 per $10,000 · paid last 24h −0.030%
Price spread now: Deribit against Extended+0.129%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Deribit is 0.129% dearer against Extended than usual: you sell high and buy low (spread +0.129% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ARB-USD | 0.2219 | 0.0008 | pay 0.0001% / 1h | 46m 26s | $353K | $2.5M | 25x |
| Short | Deribit ARB_USDC-PERPETUAL | 0.2222 | −0.0110 | pay 0.0014% / 1h | 46m 26s | $36K | $18K | 25x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Extended. 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
- −$24.78
- Price spread: +0.129% → 0.000%
- $12.9
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$23.88
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Extended: live order book, 2 min ago; Deribit: no order-book sample. Net counts fees only.
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 | 15.83 bp | 18.3 bp −$18 | 79.0 bp −$790 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.1675% | 1h | 0.2203 | −0.732% | $40K | $107K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0384% | 1h | 0.2217 | −0.083% | $7K | $2K | 10x | as long as short |
| ApeX Omni ARBUSDT | −0.0271% | 1h | 0.2210 | −0.416% | $120K | $297K | 50x | as long as short |
| Bybit ARBUSDT | −0.0240% | 8h | 0.2218 | −0.056% | $57.4M | $134.8M | 50x | as long as short |
| Variational Omni ARB | −0.0191% | 8h | 0.2209 | −0.440% | $1.9M | $2.8M | — | as long as short |
| Deribit ARB_USDC-PERPETUALshort | −0.0110% | 1h | 0.2222 | +0.129% | $36K | $18K | 25x | |
| OKX ARB-USDT-SWAP | −0.0061% | 8h | 0.2217 | −0.087% | $22.1M | $164.3M | 50x | as long as short |
| MEXC ARB_USDT | −0.0059% | 8h | 0.2219 | −0.024% | $37.4M | $63.1M | 200x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0054% | 1h | 0.2222 | +0.114% | $1.1M | $5.2M | 50x | as long as short |
| SoDEX ARB-USD | −0.0021% | 1h | 0.2220 | +0.016% | $4K | $2.9M | 5x | as long as short |
Show all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ARB-USD | −0.0017% | 1h | 0.2219 | −0.006% | $77K | $2.3M | 10x | as long as short |
| Orderly PERP_ARB_USDC | −0.0008% | 8h | 0.2220 | +0.034% | $10K | $383K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2222 | +0.126% | $66K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2221 | +0.073% | $55K | — | 150x | as long as short |
| Extended ARB-USDlong | +0.0008% | 1h | 0.2219 | long leg | $353K | $2.5M | 25x | |
| Binance ARBUSDT | +0.0008% | 8h | 0.2219 | −0.027% | $63.2M | $325.9M | 75x | as long as short |
| Gate ARB_USDT | +0.0019% | 8h | 0.2220 | +0.034% | $5.5M | $21.5M | 60x | as long as short |
| BloFin ARB-USDT | +0.0023% | 8h | 0.2220 | +0.048% | $3.0M | $3.3M | 75x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2222 | +0.128% | $145K | $12K | 3x | as long as short |
| Bitget ARBUSDT | +0.0083% | 8h | 0.2218 | −0.056% | $20.8M | $38.9M | 50x | as long as short |
| BingX ARB-USDT | +0.0083% | 8h | 0.2220 | +0.012% | — | $54.1M | — | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2221 | +0.088% | $1.3M | $7.7M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2222 | +0.107% | $39.8M | $53.1M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2221 | +0.097% | $691K | $1.8M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2222 | +0.112% | $45K | $207K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2220 | +0.025% | $20.5M | $17.2M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2213 | −0.297% | $38K | $450K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2213 | −0.277% | $475K | $4.2M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2222 | +0.125% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2221 | +0.061% | $273K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2219 | −0.011% | $5.3M | $13.8M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0275% / S −0.0168% | 1h | 0.2220 | +0.033% | $813K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2224 | +0.215% | $508K | $2.5M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2219 | −0.025% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0451% | 1h | 0.2228 | +0.377% | $1.1M | $2.8M | 20x | as long as short |
| RISEx ARB/USDC | +0.0546% | 1h | 0.2220 | +0.052% | $487K | $2.9M | 10x | as long as short |
Extended ARB-USD
Deribit ARB_USDC-PERPETUAL
Injective ARB/USDC PERP
01 Exchange ARBUSD
ApeX Omni ARBUSDT
Bybit ARBUSDT
Variational Omni ARB
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Kraken Futures PF_ARBUSD
SoDEX ARB-USD
Polymarket Perps ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Gate ARB_USDT
BloFin ARB-USDT
Bitget ARBUSDT
BingX ARB-USDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Backpack ARB_USDC_PERP
RISEx ARB/USDC