Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h +0.017%

Price spread now: gTrade (Gains Network) against OKX−0.068%7-day average — · you buy dearer than you sell

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

Long on OKX Short on gTrade (Gains Network)

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

Funding pays, the price is against you. gTrade (Gains Network) is 0.068% cheaper against OKX than usual: you would sell low and buy high (spread −0.068% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 39 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ARB-USDT-SWAP	0.2201	−0.0135	get 0.0135% / 8h	4h 46m	$22.2M	$148.0M	50x
Short	gTrade (Gains Network) ARB/USD	0.2200	L +0.0005% / S −0.0006%	get 0.0001% / 1h	46m 40s	$32K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against OKX. 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 OKXbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.068%Rate

Funding earned: $29.44
Price spread: −0.068% → 0.000%: −$6.81
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $2.62
Costs to cover: 0.200%
Break-even: 6.4 days

Slippage unknown: OKX: live order book, 2 min ago; gTrade (Gains Network): 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 OKX live order book, 2 min ago	0.23 bp	8.8 bp −$9	22.8 bp −$228	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

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 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	−0.1649%	1h	0.2188	−0.600%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0144%	1h	0.2202	+0.032%	$7K	$2K	10x	as long as short
OKX ARB-USDT-SWAPlong	−0.0135%	8h	0.2201	long leg	$22.2M	$148.0M	50x
MEXC ARB_USDT	−0.0134%	8h	0.2201	−0.005%	$40.7M	$59.6M	200x	as long as short
Polymarket Perps ARB-USD	−0.0121%	1h	0.2201	−0.005%	$90K	$2.2M	10x	as long as short
Variational Omni ARB	−0.0117%	8h	0.2192	−0.401%	$1.8M	$2.9M	—	as long as short
Gate ARB_USDT	−0.0100%	8h	0.2201	+0.009%	$5.3M	$18.7M	60x	as long as short
Orderly PERP_ARB_USDC	−0.0078%	8h	0.2199	−0.100%	$13K	$388K	10x	as long as short
Bybit ARBUSDT	−0.0044%	8h	0.2201	−0.005%	$55.7M	$125.9M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0006%	1h	0.2200	−0.068%	$1.1M	$4.4M	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-USD	0.0000%	1h	0.2203	+0.064%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2199	−0.086%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USDshort	L +0.0005% / S −0.0006%	1h	0.2200	−0.068%	$32K	—	150x
Extended ARB-USD	+0.0008%	1h	0.2201	−0.031%	$349K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0012%	8h	0.2202	+0.032%	$64.2M	$306.4M	75x	as long as short
BloFin ARB-USDT	+0.0038%	8h	0.2200	−0.077%	$3.1M	$2.6M	75x	as long as short
SoDEX ARB-USD	+0.0041%	1h	0.2198	−0.123%	$10K	$2.3M	5x	as long as short
Bitget ARBUSDT	+0.0065%	8h	0.2202	+0.036%	$20.9M	$34.6M	50x	as long as short
BingX ARB-USDT	+0.0066%	8h	0.2202	+0.014%	—	$53.8M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2200	−0.071%	$140K	$7K	3x	as long as short
Phemex ARBUSDT	+0.0095%	8h	0.2199	−0.100%	$4.9M	$12.9M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2201	−0.018%	$1.2M	$5.7M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2201	−0.014%	$38.0M	$48.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2200	−0.040%	$634K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2201	+0.008%	$43K	$169K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2203	+0.064%	$19.5M	$15.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2193	−0.360%	$40K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2194	−0.327%	$468K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2193	−0.373%	$118K	$282K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2203	+0.082%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2200	−0.055%	$299K	$952K	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2203	+0.082%	$493K	$2.0M	50x	as long as short
RISEx ARB/USDC	+0.0225%	1h	0.2203	+0.063%	$477K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2200	−0.056%	$821K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2199	−0.098%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0619%	1h	0.2204	+0.114%	$996K	$2.8M	20x	as long as short