Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h 0.000%

Price spread now: Bybit against gTrade (Gains Network)−0.002%7-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 Bybit

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ARB/USD	0.2211	L +0.0005% / S −0.0011%	pay 0.0001% / 1h	29m 03s	$10K	—	150x
Short	Bybit ARBUSDT	0.2211	−0.0068	pay 0.0068% / 8h	6h 29m	$56.7M	$129.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.002%Rate

Funding earned: −$15.15
Price spread: −0.002% → 0.000%: −$0.18
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$36.33
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): no order-book sample; Bybit: live order book, 5 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 Bybit live order book, 5 min ago	0.22 bp	9.0 bp −$9	22.2 bp −$222	53.5 bp −$5,346	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 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	−0.382%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0240%	1h	0.2211	−0.006%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0214%	1h	0.2208	−0.178%	$10K	$2.5M	5x	as long as short
Variational Omni ARB	−0.0172%	8h	0.2211	−0.024%	$1.9M	$2.9M	—	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0157%	1h	0.2209	−0.110%	$24K	$34K	25x	as long as short
OKX ARB-USDT-SWAP	−0.0114%	8h	0.2211	−0.033%	$22.3M	$156.8M	50x	as long as short
MEXC ARB_USDT	−0.0113%	8h	0.2211	−0.033%	$40.0M	$59.7M	200x	as long as short
ApeX Omni ARBUSDT	−0.0110%	1h	0.2214	+0.116%	$119K	$293K	50x	as long as short
Bybit ARBUSDTshort	−0.0068%	8h	0.2211	−0.002%	$56.7M	$129.0M	50x
Gate ARB_USDT	−0.0065%	8h	0.2209	−0.101%	$5.4M	$19.8M	60x	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	−0.0059%	8h	0.2211	−0.020%	$13K	$381K	10x	as long as short
Binance ARBUSDT	−0.0001%	8h	0.2212	+0.016%	$64.5M	$318.2M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2213	+0.064%	$65K	$5K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2207	−0.182%	$353K	$2.5M	25x	as long as short
gTrade (Gains Network) ARB/USDlong	L +0.0005% / S −0.0011%	1h	0.2211	long leg	$10K	—	150x
Aevo ARB-PERP	+0.0080%	1h	0.2210	−0.088%	$140K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2209	−0.110%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2212	+0.016%	$38.2M	$51.3M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2212	+0.030%	$659K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2214	+0.109%	$42K	$186K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2209	−0.124%	$19.5M	$15.8M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2209	−0.110%	$21.2M	$36.3M	50x	as long as short
BingX ARB-USDC	+0.0100%	8h	0.2209	−0.119%	—	$6.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2212	+0.006%	$40K	$464K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2219	+0.336%	$480K	$3.7M	10x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2213	+0.071%	$76K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2210	−0.065%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2211	−0.020%	$297K	$1.0M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2209	−0.110%	$5.0M	$13.0M	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	0.2212	+0.005%	$826K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2210	−0.071%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0313%	1h	0.2209	−0.107%	$1.1M	$4.7M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2214	+0.111%	$471K	$2.6M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0523%	1h	0.2213	+0.071%	$997K	$2.9M	20x	as long as short