Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0172%/8h= +18.8% APRpaid last 24h −0.006%

Price spread now: SoDEX against OKX−0.077%56s7-day average +0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$330.329% of the position

Long on OKX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.032%−$3 on $10k

Price spread, last 4 days (all we have)+1.401%+$140 · spread now −0.077%, 7d avg +0.045%

Together, before fees+1.369%+$137 on $10k · with fees, hour by hour

Funding pays, the price is against you. SoDEX is 0.122% cheaper against OKX than usual: you would sell low and buy high (spread −0.077% now, against its 7-day average of +0.045%). If the spread goes back, that is −$12 on $10k: about 2.4 days of funding at the current rate (+$5 a day). The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ARB-USDT-SWAP	0.2202	−0.0135	get 0.0135% / 8h	4h 44m	$22.3M	$148.1M	50x
Short	SoDEX ARB-USD	0.2200	0.0037	get 0.0005% / 1h	44m 24s	$10K	$2.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.077%Rate

Funding earned: $36.05
Price spread: −0.077% → +0.045%: −$12.18
Slippage, 4 orders: −$14.89
Fee OKX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$9.01
Costs to cover: 0.329%
Break-even: 8.8 days

Slippage from OKX: live order book, 5 min ago; SoDEX: live order book, 5 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 OKX live order book, 5 min ago	0.23 bp	8.8 bp −$9	22.8 bp −$228	doesn't fit	doesn't fit
Sell SoDEX live order book, 5 min ago	0.23 bp	5.6 bp −$6	17.4 bp −$174	doesn't fit	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	−0.1649%	1h	0.2191	−0.500%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0152%	1h	0.2203	+0.050%	$7K	$2K	10x	as long as short
OKX ARB-USDT-SWAPlong	−0.0135%	8h	0.2202	long leg	$22.3M	$148.1M	50x
MEXC ARB_USDT	−0.0134%	8h	0.2204	+0.082%	$40.7M	$59.6M	200x	as long as short
Polymarket Perps ARB-USD	−0.0128%	1h	0.2204	+0.082%	$91K	$2.2M	10x	as long as short
Variational Omni ARB	−0.0116%	8h	0.2201	−0.034%	$1.8M	$2.9M	—	as long as short
Gate ARB_USDT	−0.0107%	8h	0.2205	+0.123%	$5.3M	$18.7M	60x	as long as short
Orderly PERP_ARB_USDC	−0.0078%	8h	0.2202	0.000%	$12K	$389K	10x	as long as short
Bybit ARBUSDT	−0.0044%	8h	0.2203	+0.027%	$55.8M	$126.0M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0006%	1h	0.2201	−0.035%	$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	0.2201	−0.024%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2202	−0.014%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2204	+0.110%	$32K	—	150x	as long as short
Binance ARBUSDT	+0.0013%	8h	0.2203	+0.068%	$64.3M	$306.3M	75x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2203	+0.056%	$351K	$2.5M	25x	as long as short
SoDEX ARB-USDshort	+0.0037%	1h	0.2200	−0.077%	$10K	$2.3M	5x
BloFin ARB-USDT	+0.0051%	8h	0.2201	−0.050%	$3.1M	$2.6M	75x	as long as short
Bitget ARBUSDT	+0.0064%	8h	0.2201	−0.045%	$20.9M	$34.7M	50x	as long as short
BingX ARB-USDC	+0.0066%	8h	0.2203	+0.023%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2203	+0.052%	$140K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2202	+0.005%	$1.2M	$5.7M	15x	as long as short
Phemex ARBUSDT	+0.0098%	8h	0.2201	−0.045%	$4.9M	$12.9M	50x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2205	+0.150%	$38.1M	$48.8M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2204	+0.072%	$635K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2202	+0.021%	$43K	$169K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2205	+0.123%	$19.5M	$15.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2199	−0.138%	$40K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2194	−0.363%	$468K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2200	−0.091%	$119K	$283K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2203	+0.045%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2200	−0.086%	$299K	$952K	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2203	+0.045%	$493K	$2.0M	50x	as long as short
RISEx ARB/USDC	+0.0225%	1h	0.2205	+0.145%	$477K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2204	+0.110%	$823K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2203	+0.062%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0635%	1h	0.2204	+0.091%	$996K	$2.8M	20x	as long as short