Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.020%

Price spread now: HTX against Extended−0.094%7-day average +0.101% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$880.878% of the position

Long on Extended Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.138%+$14 on $10k

Price spread, last 3 days (all we have)+0.603%+$60 · spread now −0.094%, 7d avg +0.101%

Together, before fees+0.741%+ Points / potential airdropExtended: Active · farm board+$74 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 0.195% cheaper against Extended than usual: you would sell low and buy high (spread −0.094% now, against its 7-day average of +0.101%). If the spread goes back, that is −$20 on $10k: about 6.5 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ARB-USD	0.2219	0	get 0.0000% / 1h	25m 54s	$353K	$2.5M	25x
Short	HTX ARB-USDT	0.2217	0.0100	get 0.0100% / 8h	6h 25m	$298K	$998K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.094%Rate

Funding earned: $21
Price spread: −0.094% → +0.101%: −$19.51
Slippage, 4 orders: −$70.8
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$86.31
Costs to cover: 0.878%
Break-even: 35.8 days

Slippage from Extended: live order book, 3 min ago; HTX: 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	9.05 bp	11.6 bp −$12	71.3 bp −$713	doesn't fit	doesn't fit
Sell HTX live order book, 3 min ago	12.65 bp	19.7 bp −$20	doesn't fit	doesn't fit	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	0.2203	−0.702%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0248%	1h	0.2211	−0.328%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0222%	1h	0.2212	−0.306%	$10K	$2.5M	5x	as long as short
Variational Omni ARB	−0.0171%	8h	0.2211	−0.329%	$1.9M	$2.9M	—	as long as short
OKX ARB-USDT-SWAP	−0.0118%	8h	0.2218	−0.035%	$22.4M	$157.0M	50x	as long as short
MEXC ARB_USDT	−0.0117%	8h	0.2220	+0.082%	$39.7M	$60.0M	200x	as long as short
Gate ARB_USDT	−0.0080%	8h	0.2219	+0.033%	$5.4M	$19.8M	60x	as long as short
Bybit ARBUSDT	−0.0072%	8h	0.2218	−0.022%	$56.8M	$128.9M	50x	as long as short
ApeX Omni ARBUSDT	−0.0069%	1h	0.2211	−0.342%	$119K	$293K	50x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0066%	1h	0.2213	−0.260%	$24K	$34K	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ARB_USDC	−0.0060%	8h	0.2212	−0.297%	$13K	$382K	10x	as long as short
Binance ARBUSDT	−0.0003%	8h	0.2218	−0.027%	$64.7M	$318.1M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2213	−0.250%	$65K	$5K	10x	as long as short
Extended ARB-USDlong	0.0000%	1h	0.2219	long leg	$353K	$2.5M	25x
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0011%	1h	0.2213	−0.233%	$10K	—	150x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2213	−0.244%	$140K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2212	−0.283%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2220	+0.055%	$38.9M	$52.0M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2216	−0.113%	$660K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2214	−0.213%	$42K	$186K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2220	+0.073%	$19.6M	$15.8M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2218	−0.026%	$21.3M	$36.4M	50x	as long as short
BingX ARB-USDT	+0.0100%	8h	0.2218	−0.004%	—	$54.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2211	−0.362%	$40K	$460K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2212	−0.285%	$471K	$3.7M	10x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2213	−0.269%	$76K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2213	−0.251%	$1K	$1.1M	30x	as long as short
HTX ARB-USDTshort	+0.0100%	8h	0.2217	−0.094%	$298K	$998K	50x
Phemex ARBUSDT	+0.0100%	8h	0.2212	−0.297%	$5.0M	$13.1M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0240%	1h	0.2215	−0.161%	$507K	$2.1M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2213	−0.231%	$826K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2211	−0.331%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0312%	1h	0.2213	−0.266%	$1.1M	$4.7M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2214	−0.220%	$474K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0518%	1h	0.2218	−0.008%	$1.0M	$2.9M	20x	as long as short