Funding you earn now, next payment 08:00 UTC−0.0149%/8h= −16.3% APRnext payment −$1.49 per $10,000 · paid last 24h −0.048%
Price spread now: Orderly against KuCoin+0.172%7-day average −0.009% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.294%−$29 on $10k
+Price spread, last 3 days (all we have)+0.336%+$34 · spread now +0.172%, 7d avg −0.009%
=The price spread pays, funding is against you. Orderly is 0.181% dearer against KuCoin than usual: you sell high and buy low (spread +0.172% now, against its 7-day average of −0.009%): +$18 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ARBUSDTM | 0.2268 | 0.0100 | pay 0.0100% / 8h | 7h 08m | $19.7M | $15.8M | 75x |
| Short | Orderly PERP_ARB_USDC | 0.2272 | −0.0049 | pay 0.0049% / 8h | 7h 08m | $13K | $389K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$31.32
- Price spread: +0.172% → −0.009%
- $18.09
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$31.23
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: KuCoin: live order book, 5 min ago; Orderly: 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, 5 min ago | 1.54 bp | 20.6 bp −$21 | 49.7 bp −$497 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | −0.1666% | 1h | 0.2261 | −0.313% | $41K | $372K | 12x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0234% | 1h | 0.2273 | +0.207% | $25K | $34K | 25x | as long as short |
| Variational Omni ARB | −0.0201% | 8h | 0.2267 | −0.067% | $2.0M | $2.8M | — | as long as short |
| 01 Exchange ARBUSD | −0.0144% | 1h | 0.2275 | +0.295% | $7K | $2K | 10x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0137% | 1h | 0.2276 | +0.330% | $1.2M | $4.9M | 50x | as long as short |
| Bybit ARBUSDT | −0.0111% | 8h | 0.2265 | −0.132% | $59.0M | $126.7M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0107% | 8h | 0.2265 | −0.123% | $23.2M | $157.7M | 50x | as long as short |
| MEXC ARB_USDT | −0.0106% | 8h | 0.2266 | −0.079% | $39.0M | $59.5M | 200x | as long as short |
| SoDEX ARB-USD | −0.0064% | 1h | 0.2272 | +0.181% | $10K | $2.5M | 5x | as long as short |
| Orderly PERP_ARB_USDCshort | −0.0049% | 8h | 0.2272 | +0.172% | $13K | $389K | 10x |
Show all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2269 | +0.032% | $67K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2275 | +0.291% | $33K | — | 150x | as long as short |
| Extended ARB-USD | +0.0024% | 1h | 0.2270 | +0.101% | $366K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0024% | 8h | 0.2268 | −0.012% | $67.0M | $310.6M | 75x | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2274 | +0.250% | $144K | $7K | 3x | as long as short |
| BingX ARB-USDT | +0.0094% | 8h | 0.2267 | −0.053% | — | $54.4M | — | as long as short |
| BloFin ARB-USDT | +0.0095% | 8h | 0.2271 | +0.145% | $3.2M | $2.9M | 75x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2270 | +0.066% | $1.4M | $7.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2272 | +0.168% | $41.2M | $47.2M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2273 | +0.212% | $707K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2269 | +0.044% | $45K | $183K | 10x | as long as short |
| Gate ARB_USDT | +0.0100% | 8h | 0.2271 | +0.150% | $5.5M | $20.0M | 60x | as long as short |
| KuCoin ARBUSDTMlong | +0.0100% | 8h | 0.2268 | long leg | $19.7M | $15.8M | 75x | |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2267 | −0.048% | $21.7M | $35.7M | 50x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2269 | +0.034% | $41K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2276 | +0.348% | $488K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2270 | +0.084% | $122K | $296K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2275 | +0.282% | $65K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2276 | +0.348% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2278 | +0.436% | $297K | $976K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2274 | +0.260% | $5.2M | $12.9M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0232% | 1h | 0.2275 | +0.309% | $523K | $2.3M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2272 | +0.164% | $2K | $695 | 20x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0291% / S −0.0179% | 1h | 0.2274 | +0.275% | $910K | — | 150x | as long as short |
| RISEx ARB/USDC | +0.0384% | 1h | 0.2269 | +0.026% | $515K | $2.6M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0600% | 1h | 0.2276 | +0.326% | $1.0M | $2.8M | 20x | as long as short |
KuCoin ARBUSDTM
Injective ARB/USDC PERP
Deribit ARB_USDC-PERPETUAL
Variational Omni ARB
01 Exchange ARBUSD
Kraken Futures PF_ARBUSD
Bybit ARBUSDT
OKX ARB-USDT-SWAP
MEXC ARB_USDT
SoDEX ARB-USD
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Binance ARBUSDT
BingX ARB-USDT
BloFin ARB-USDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
Gate ARB_USDT
Bitget ARBUSDT
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
RISEx ARB/USDC
Backpack ARB_USDC_PERP