Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against KuCoin−0.153%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.153% cheaper against KuCoin than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ARBUSDTM	0.2200	0.0100	pay 0.0100% / 8h	7h 45m	$19.6M	$13.8M	75x
Short	dYdX ARB-USD	0.2197	0	get 0.0000% / 1h	45m 10s	$65K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against KuCoin. 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 KuCoinbpFee dYdXbpOrdersPrice spread, now −0.153%Rate

Funding earned: −$21
Price spread: −0.153% → 0.000%: −$15.33
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$58.33
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 4 min ago; dYdX: 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 KuCoin live order book, 4 min ago	1.14 bp	15.8 bp −$16	40.9 bp −$409	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	−0.1605%	1h	0.2188	−0.564%	$39K	$372K	12x	as long as short
Gate ARB_USDT	−0.0200%	8h	0.2200	−0.036%	$5.4M	$18.1M	60x	as long as short
Kraken Futures PF_ARBUSD	−0.0168%	1h	0.2201	+0.029%	$1.1M	$4.2M	50x	as long as short
SoDEX ARB-USD	−0.0116%	1h	0.2200	−0.036%	$9K	$2.3M	5x	as long as short
MEXC ARB_USDT	−0.0074%	8h	0.2200	−0.014%	$43.2M	$62.7M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0073%	8h	0.2199	−0.055%	$22.3M	$146.2M	50x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0068%	1h	0.2200	+0.005%	$28K	$38K	25x	as long as short
Orderly PERP_ARB_USDC	−0.0040%	8h	0.2199	−0.064%	$16K	$413K	10x	as long as short
01 Exchange ARBUSD	−0.0040%	1h	0.2202	+0.050%	$7K	$236	10x	as long as short
Bybit ARBUSDT	−0.0039%	8h	0.2200	−0.036%	$53.5M	$125.9M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USDshort	0.0000%	1h	0.2197	−0.153%	$65K	$4K	10x
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2200	−0.005%	$73K	—	150x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2198	−0.097%	$365K	$3.1M	25x	as long as short
Binance ARBUSDT	+0.0010%	8h	0.2200	−0.031%	$63.5M	$299.1M	75x	as long as short
Variational Omni ARB	+0.0031%	8h	0.2198	−0.119%	$1.8M	$3.0M	—	as long as short
BloFin ARB-USDT	+0.0040%	8h	0.2199	−0.059%	$3.0M	$2.3M	75x	as long as short
Phemex ARBUSDT	+0.0044%	8h	0.2199	−0.064%	$4.8M	$12.8M	50x	as long as short
Bitget ARBUSDT	+0.0078%	8h	0.2199	−0.064%	$21.1M	$34.7M	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2201	+0.023%	$140K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2201	+0.032%	$1.3M	$5.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2201	+0.023%	$36.7M	$49.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2200	−0.009%	$630K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2197	−0.157%	$43K	$146K	10x	as long as short
KuCoin ARBUSDTMlong	+0.0100%	8h	0.2200	long leg	$19.6M	$13.8M	75x
BingX ARB-USDT	+0.0100%	8h	0.2200	−0.023%	—	$32.8M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2193	−0.335%	$40K	$467K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2194	−0.308%	$471K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2201	+0.027%	$119K	$267K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2201	+0.027%	$74K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2203	+0.118%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2199	−0.059%	$295K	$836K	50x	as long as short
RISEx ARB/USDC	+0.0123%	1h	0.2201	+0.035%	$527K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0250%	1h	0.2203	+0.095%	$983K	$2.8M	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0159%	1h	0.2200	−0.018%	$832K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2199	−0.061%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0336%	1h	0.2203	+0.141%	$527K	$1.5M	50x	as long as short