Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0132%/8h= +14.5% APRpaid last 24h +0.018%

Price spread now: SunX against Extended+0.160%7-day average +0.188% · you sell dearer than you buy

Net, funding: paid 7d − costs−$171as in the Funding arb table

Net, price: spread back to 7d avg − costs−$188as in the Price arb table

costs, in and out, $10k−$1851.851% of the position

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.137%+$14 on $10k

Price spread, last 4 days (all we have)+1.240%+$124 · spread now +0.160%, 7d avg +0.188%

Together, before fees+1.377%+ Points / potential airdropExtended: Active · farm board+$138 on $10k · with fees, hour by hour

Funding pays, the price is against you. SunX is 0.029% cheaper against Extended than usual: you would sell low and buy high (spread +0.160% now, against its 7-day average of +0.188%). If the spread goes back, that is −$3 on $10k: about 17 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.137% in total) that is about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ARB-USD	0.2188	−0.0032	get 0.0004% / 1h	58m 19s	$359K	$3.0M	25x
Short	SunX ARB-USDT	0.2191	0.0100	get 0.0100% / 8h	5h 58m	$2K	$1.1M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.160%Rate

Funding earned: $27.72
Price spread: +0.160% → +0.188%: −$2.86
Slippage, 4 orders: −$172.12
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$160.26
Costs to cover: 1.851%
Break-even: 47.5 days

Slippage from Extended: live order book, 3 min ago; SunX: live order book, 8 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	9.15 bp	11.7 bp −$12	72.7 bp −$727	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	31.86 bp	96.8 bp −$97	doesn't fit	doesn't fit	doesn't fit

ARB on 36 exchanges

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	−0.1736%	1h	0.2182	−0.252%	$39K	$372K	12x	as long as short
SoDEX ARB-USD	−0.0277%	1h	0.2188	+0.041%	$9K	$2.2M	5x	as long as short
Kraken Futures PF_ARBUSD	−0.0230%	1h	0.2189	+0.084%	$1.1M	$4.2M	50x	as long as short
Bybit ARBUSDT	−0.0184%	8h	0.2188	0.000%	$53.8M	$122.4M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0141%	8h	0.2188	+0.027%	$22.8M	$143.2M	50x	as long as short
MEXC ARB_USDT	−0.0138%	8h	0.2187	−0.037%	$44.1M	$61.0M	200x	as long as short
01 Exchange ARBUSD	−0.0104%	1h	0.2188	+0.036%	$7K	$414	10x	as long as short
Binance ARBUSDT	−0.0033%	8h	0.2187	−0.009%	$64.0M	$289.9M	75x	as long as short
Extended ARB-USDlong	−0.0032%	1h	0.2188	long leg	$359K	$3.0M	25x
Variational Omni ARB	−0.0025%	8h	0.2186	−0.058%	$1.8M	$2.7M	—	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUAL	−0.0024%	1h	0.2189	+0.082%	$29K	$36K	25x	as long as short
Orderly PERP_ARB_USDC	−0.0021%	8h	0.2188	+0.023%	$16K	$412K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2191	+0.141%	$64K	$3K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2188	+0.036%	$73K	—	150x	as long as short
Gate ARB_USDT	+0.0032%	8h	0.2188	+0.046%	$5.5M	$16.3M	60x	as long as short
Polymarket Perps ARB-USD	+0.0038%	1h	0.2187	−0.032%	$73K	$1.9M	10x	as long as short
Phemex ARBUSDT	+0.0060%	8h	0.2187	−0.023%	$4.7M	$12.6M	50x	as long as short
Aevo ARB-PERP	+0.0072%	1h	0.2188	+0.046%	$139K	$7K	3x	as long as short
BloFin ARB-USDT	+0.0087%	8h	0.2187	−0.009%	$3.0M	$2.1M	75x	as long as short
Lighter ARB	+0.0096%	1h	0.2190	+0.123%	$1.3M	$5.3M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2189	+0.087%	$35.6M	$50.0M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2190	+0.091%	$626K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2190	+0.122%	$42K	$143K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2188	+0.041%	$19.0M	$13.4M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2188	+0.023%	$21.0M	$33.6M	50x	as long as short
BingX ARB-USDC	+0.0100%	8h	0.2187	−0.023%	—	$6.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2187	−0.044%	$40K	$468K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2187	−0.001%	$466K	$3.4M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2187	−0.023%	$118K	$311K	50x	as long as short
SunX ARB-USDTshort	+0.0100%	8h	0.2191	+0.160%	$2K	$1.1M	30x
HTX ARB-USDT	+0.0100%	8h	0.2189	+0.073%	$296K	$816K	50x	as long as short
Backpack ARB_USDC_PERP	+0.0183%	1h	0.2191	+0.142%	$976K	$2.7M	20x	as long as short
RISEx ARB/USDC	+0.0271%	1h	0.2189	+0.064%	$527K	$2.4M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0279% / S −0.0162%	1h	0.2189	+0.057%	$836K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2186	−0.063%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0424%	1h	0.2196	+0.370%	$524K	$1.4M	50x	as long as short