Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0287%/8h= +31.4% APRpaid last 24h +0.071%

Price spread now: Reya against Gate−0.106%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Reya

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.106% cheaper against Gate than usual: you would sell low and buy high (spread −0.106% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 30 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ARB_USDT	0.2233	0.0004	pay 0.0004% / 8h	2h 36m	$5.5M	$21.5M	60x
Short	Reya ARBRUSDPERP	0.2231	0.0291	get 0.0036% / 1h	36m 16s	$2K	$695	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Gate. 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 GatebpFee ReyabpOrdersPrice spread, now −0.106%Rate

Funding earned: $60.22
Price spread: −0.106% → 0.000%: −$10.6
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Reya: 3 bp × 2 orders: −$6
Net: $28.62
Costs to cover: 0.210%
Break-even: 3.7 days

Slippage unknown: Gate: live order book, 3 min ago; Reya: 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 Gate live order book, 3 min ago	3.80 bp	13.8 bp −$14	24.9 bp −$249	95.3 bp −$9,530	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	0.2227	−0.269%	$40K	$107K	12x	as long as short
01 Exchange ARBUSD	−0.0312%	1h	0.2231	−0.076%	$7K	$2K	10x	as long as short
Bybit ARBUSDT	−0.0211%	8h	0.2233	−0.013%	$56.5M	$136.3M	50x	as long as short
Variational Omni ARB	−0.0184%	8h	0.2232	−0.038%	$1.9M	$2.8M	—	as long as short
MEXC ARB_USDT	−0.0074%	8h	0.2233	−0.013%	$37.5M	$63.4M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0073%	8h	0.2232	−0.027%	$22.2M	$165.6M	50x	as long as short
SoDEX ARB-USD	−0.0060%	1h	0.2233	−0.018%	$4K	$2.9M	5x	as long as short
Kraken Futures PF_ARBUSD	−0.0053%	1h	0.2233	+0.017%	$1.1M	$5.3M	50x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0019%	1h	0.2233	+0.018%	$37K	$18K	25x	as long as short
Orderly PERP_ARB_USDC	−0.0012%	8h	0.2233	0.000%	$10K	$387K	10x	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	−0.0007%	1h	0.2231	−0.076%	$77K	$2.3M	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2233	−0.021%	$66K	$4K	10x	as long as short
Gate ARB_USDTlong	+0.0004%	8h	0.2233	long leg	$5.5M	$21.5M	60x
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2234	+0.026%	$55K	—	150x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2232	−0.057%	$355K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0009%	8h	0.2233	−0.009%	$63.5M	$326.3M	75x	as long as short
BloFin ARB-USDT	+0.0031%	8h	0.2235	+0.072%	$3.0M	$3.3M	75x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2234	+0.041%	$146K	$12K	3x	as long as short
BingX ARB-USDC	+0.0083%	8h	0.2232	−0.049%	—	$6.5M	—	as long as short
Bitget ARBUSDT	+0.0084%	8h	0.2232	−0.045%	$20.9M	$38.8M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2234	+0.049%	$1.3M	$7.7M	15x	as long as short
ApeX Omni ARBUSDT	+0.0097%	1h	0.2230	−0.134%	$121K	$297K	50x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2234	+0.040%	$40.0M	$53.1M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2233	−0.004%	$695K	$1.8M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2232	−0.056%	$46K	$205K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2233	−0.013%	$20.6M	$17.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2233	−0.014%	$38K	$449K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2231	−0.101%	$478K	$4.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2233	0.000%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2231	−0.103%	$274K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2232	−0.045%	$5.4M	$13.8M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0168%	1h	0.2234	+0.029%	$818K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2234	+0.045%	$506K	$2.5M	50x	as long as short
Reya ARBRUSDPERPshort	+0.0291%	1h	0.2231	−0.106%	$2K	$695	20x
Backpack ARB_USDC_PERP	+0.0545%	1h	0.2238	+0.228%	$1.1M	$2.8M	20x	as long as short
RISEx ARB/USDC	+0.0546%	1h	0.2233	−0.012%	$491K	$2.9M	10x	as long as short