ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0260%/8h= −28.5% APRnext payment −$2.60 per $10,000 · paid last 24h −0.001%

Price spread now: Bybit against HTX−0.106%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$890.891% of the position

Long on HTX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 3 days (all we have)−0.657%−$66 · spread now −0.106%, 7d avg −0.036%

Together, before fees−0.761%−$76 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Bybit is 0.070% cheaper against HTX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.036%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.104% in total (about -5.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.60 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ARB-USDT	0.2260	0.0100	pay 0.0100% / 8h	1h 00m	$281K	$1.1M	50x
Short	Bybit ARBUSDT	0.2257	−0.0160	pay 0.0160% / 8h	1h 00m	$58.4M	$130.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against HTX. 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 HTXbpFee BybitbpOrdersPrice spread, now −0.106%Rate

Funding earned: −$54.59
Price spread: −0.106% → −0.036%: −$7.03
Slippage, 4 orders: −$66.13
Fee HTX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$150.75
Costs to cover: 0.891%
Break-even: never at this rate

Slippage from HTX: live order book, 3 min ago; Bybit: live order book, 4 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 HTX live order book, 3 min ago	11.29 bp	37.1 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.22 bp	9.6 bp −$10	16.4 bp −$164	42.3 bp −$4,231	doesn't fit

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	−0.1770%	1h	0.2250	−0.420%	$41K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0232%	1h	0.2257	−0.111%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0190%	1h	0.2257	−0.124%	$4K	$2.7M	5x	as long as short
Variational Omni ARB	−0.0176%	8h	0.2256	−0.140%	$1.9M	$2.7M	—	as long as short
Bybit ARBUSDTshort	−0.0160%	8h	0.2257	−0.106%	$58.4M	$130.9M	50x
Polymarket Perps ARB-USD	−0.0140%	1h	0.2257	−0.093%	$76K	$2.0M	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0104%	1h	0.2258	−0.044%	$26K	$32K	25x	as long as short
OKX ARB-USDT-SWAP	−0.0101%	8h	0.2257	−0.124%	$22.7M	$159.9M	50x	as long as short
MEXC ARB_USDT	−0.0100%	8h	0.2257	−0.128%	$37.4M	$63.1M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0041%	8h	0.2258	−0.066%	$13K	$397K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2258	−0.068%	$67K	$4K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2256	−0.166%	$358K	$2.3M	25x	as long as short
Binance ARBUSDT	0.0000%	8h	0.2258	−0.071%	$65.0M	$313.8M	75x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2259	−0.009%	$56K	—	150x	as long as short
Gate ARB_USDT	+0.0035%	8h	0.2257	−0.093%	$5.5M	$20.8M	60x	as long as short
Bitget ARBUSDT	+0.0067%	8h	0.2257	−0.111%	$21.4M	$36.8M	50x	as long as short
BingX ARB-USDC	+0.0069%	8h	0.2257	−0.128%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2258	−0.058%	$148K	$12K	3x	as long as short
Kraken Futures PF_ARBUSD	+0.0084%	1h	0.2259	−0.026%	$1.1M	$5.0M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2259	−0.022%	$1.4M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2261	+0.049%	$40.4M	$48.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2258	−0.066%	$703K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2258	−0.061%	$45K	$192K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2258	−0.071%	$20.8M	$16.2M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2258	−0.082%	$40K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2255	−0.207%	$477K	$3.8M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2258	−0.066%	$122K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2260	+0.022%	$2K	$1.1M	30x	as long as short
HTX ARB-USDTlong	+0.0100%	8h	0.2260	long leg	$281K	$1.1M	50x
Phemex ARBUSDT	+0.0100%	8h	0.2258	−0.066%	$5.2M	$13.2M	50x	as long as short
BloFin ARB-USDT	+0.0120%	8h	0.2257	−0.102%	$3.1M	$3.3M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0264%	1h	0.2260	+0.022%	$509K	$2.3M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0274% / S −0.0156%	1h	0.2259	−0.012%	$848K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2257	−0.117%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0363%	1h	0.2259	−0.022%	$501K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0637%	1h	0.2261	+0.049%	$910K	$2.7M	20x	as long as short