Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0013%/8h= +1.4% APRpaid last 24h +0.035%

Price spread now: BloFin against gTrade (Gains Network)−0.178%50s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BloFin is 0.178% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.178% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 46 days of funding at the current rate ($0 a day). The two prices were read 50 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	gTrade (Gains Network) ARB/USD	0.2215	L +0.0005% / S −0.0013%	pay 0.0001% / 1h	37m 37s	$11K	—	150x
Short	BloFin ARB-USDT	0.2211	0.0018	get 0.0018% / 8h	5h 37m	$3.1M	$2.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BloFinbpOrdersPrice spread, now −0.178%Rate

Funding earned: $2.72
Price spread: −0.178% → 0.000%: −$17.84
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$37.12
Costs to cover: 0.220%
Break-even: 102.5 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BloFin: live order book, 6 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BloFin live order book, 6 min ago	1.35 bp	9.5 bp −$9	24.6 bp −$246	doesn't fit	doesn't fit

gTrade (Gains Network): 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	−0.1577%	1h	0.2203	−0.522%	$40K	$372K	12x	as long as short
SoDEX ARB-USD	−0.0171%	1h	0.2213	−0.052%	$10K	$2.4M	5x	as long as short
Variational Omni ARB	−0.0150%	8h	0.2215	+0.012%	$1.9M	$2.9M	—	as long as short
01 Exchange ARBUSD	−0.0144%	1h	0.2215	+0.002%	$7K	$2K	10x	as long as short
OKX ARB-USDT-SWAP	−0.0133%	8h	0.2218	+0.133%	$22.3M	$151.7M	50x	as long as short
MEXC ARB_USDT	−0.0132%	8h	0.2216	+0.056%	$38.2M	$59.1M	200x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0111%	1h	0.2214	−0.020%	$24K	$34K	25x	as long as short
Kraken Futures PF_ARBUSD	−0.0098%	1h	0.2213	−0.052%	$1.1M	$4.6M	50x	as long as short
Polymarket Perps ARB-USD	−0.0092%	1h	0.2213	−0.052%	$96K	$2.1M	10x	as long as short
Bybit ARBUSDT	−0.0087%	8h	0.2217	+0.124%	$56.4M	$126.4M	50x	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	−0.0076%	8h	0.2218	+0.142%	$5.4M	$19.0M	60x	as long as short
Orderly PERP_ARB_USDC	−0.0072%	8h	0.2213	−0.070%	$12K	$383K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2217	+0.088%	$66K	$5K	10x	as long as short
Binance ARBUSDT	+0.0003%	8h	0.2216	+0.065%	$64.6M	$308.7M	75x	as long as short
gTrade (Gains Network) ARB/USDlong	L +0.0005% / S −0.0013%	1h	0.2215	long leg	$11K	—	150x
Extended ARB-USD	+0.0008%	1h	0.2217	+0.097%	$352K	$2.5M	25x	as long as short
BloFin ARB-USDTshort	+0.0018%	8h	0.2211	−0.178%	$3.1M	$2.7M	75x
ApeX Omni ARBUSDT	+0.0022%	1h	0.2223	+0.382%	$120K	$283K	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2214	−0.025%	$140K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2216	+0.056%	$1.2M	$6.4M	15x	as long as short
Bitget ARBUSDT	+0.0096%	8h	0.2216	+0.065%	$21.2M	$35.0M	50x	as long as short
BingX ARB-USDT	+0.0099%	8h	0.2217	+0.111%	—	$53.9M	—	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2217	+0.106%	$38.5M	$49.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2214	−0.018%	$649K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2216	+0.086%	$42K	$178K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2216	+0.065%	$19.6M	$15.5M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2215	+0.020%	$40K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2221	+0.309%	$477K	$3.6M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2218	+0.156%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2215	+0.020%	$297K	$945K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2213	−0.070%	$4.9M	$12.9M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2224	+0.431%	$508K	$2.1M	50x	as long as short
RISEx ARB/USDC	+0.0232%	1h	0.2219	+0.213%	$491K	$2.7M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2215	+0.002%	$826K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2213	−0.082%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0535%	1h	0.2216	+0.056%	$998K	$2.8M	20x	as long as short