Funding you earn now, next payment 08:00 UTC+0.0064%/8h= +7.1% APRnext payment +$0.64 per $10,000 · paid last 24h +0.028%
Price spread now: Binance against Orderly+0.199%7-day average −0.015% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.152%+$15 on $10k
+Price spread, last 3 days (all we have)−0.636%−$64 · spread now +0.199%, 7d avg −0.015%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.214% dearer against Orderly than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.015%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ARB_USDC | 0.2216 | −0.0068 | get 0.0068% / 8h | 6h 07m | $12K | $382K | 10x |
| Short | Binance ARBUSDT | 0.2220 | −0.0004 | pay 0.0004% / 8h | 6h 07m | $64.6M | $316.8M | 75x |
Orderly PERP_ARB_USDC
Binance ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Orderly. 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
- $13.54
- Price spread: +0.199% → −0.015%
- $21.39
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $18.93
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Binance: live order book, 6 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 6 min ago | 0.23 bp | 8.2 bp −$8 | 20.6 bp −$206 | 82.5 bp −$8,255 | doesn't fit |
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 35 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 | −0.1692% | 1h | 0.2195 | −0.948% | $40K | $372K | 12x | as long as short |
| SoDEX ARB-USD | −0.0246% | 1h | 0.2217 | +0.063% | $10K | $2.5M | 5x | as long as short |
| 01 Exchange ARBUSD | −0.0216% | 1h | 0.2218 | +0.113% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0157% | 8h | 0.2213 | −0.119% | $1.9M | $2.9M | — | as long as short |
| OKX ARB-USDT-SWAP | −0.0128% | 8h | 0.2217 | +0.041% | $22.4M | $155.4M | 50x | as long as short |
| MEXC ARB_USDT | −0.0127% | 8h | 0.2218 | +0.072% | $39.0M | $60.2M | 200x | as long as short |
| Orderly PERP_ARB_USDClong | −0.0068% | 8h | 0.2216 | long leg | $12K | $382K | 10x | |
| Gate ARB_USDT | −0.0060% | 8h | 0.2218 | +0.108% | $5.4M | $20.0M | 60x | as long as short |
| Bybit ARBUSDT | −0.0040% | 8h | 0.2218 | +0.068% | $56.5M | $128.3M | 50x | as long as short |
| Extended ARB-USD | −0.0008% | 1h | 0.2217 | +0.050% | $352K | $2.5M | 25x | as long as short |
Injective ARB/USDC PERP
SoDEX ARB-USD
01 Exchange ARBUSD
Variational Omni ARB
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Gate ARB_USDT
Bybit ARBUSDT
Extended ARB-USDShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDTshort | −0.0004% | 8h | 0.2220 | +0.199% | $64.6M | $316.8M | 75x | |
| dYdX ARB-USD | 0.0000% | 1h | 0.2220 | +0.201% | $66K | $5K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2217 | +0.032% | $24K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0011% | 1h | 0.2217 | +0.043% | $10K | — | 150x | as long as short |
| ApeX Omni ARBUSDT | +0.0071% | 1h | 0.2216 | 0.000% | $120K | $286K | 50x | as long as short |
| Phemex ARBUSDT | +0.0079% | 8h | 0.2217 | +0.045% | $5.0M | $12.9M | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2217 | +0.059% | $141K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2221 | +0.208% | $1.2M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2223 | +0.302% | $38.7M | $51.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2219 | +0.149% | $661K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2220 | +0.196% | $42K | $183K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2220 | +0.158% | $19.6M | $15.7M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2218 | +0.090% | $21.2M | $36.1M | 50x | as long as short |
| BingX ARB-USDT | +0.0100% | 8h | 0.2219 | +0.117% | — | $54.5M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2214 | −0.072% | $40K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2215 | −0.026% | $481K | $3.7M | 10x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2215 | −0.036% | $87K | $2.1M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2214 | −0.090% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2218 | +0.090% | $298K | $991K | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0240% | 1h | 0.2217 | +0.050% | $507K | $2.1M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2217 | +0.059% | $827K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2214 | −0.089% | $2K | $695 | 20x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0312% | 1h | 0.2218 | +0.085% | $1.1M | $4.7M | 50x | as long as short |
| RISEx ARB/USDC | +0.0466% | 1h | 0.2220 | +0.178% | $481K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0525% | 1h | 0.2224 | +0.347% | $1.0M | $2.8M | 20x | as long as short |
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
ApeX Omni ARBUSDT
Phemex ARBUSDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDT
edgeX ARBUSDC
GRVT ARB_USDT_Perp
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Kraken Futures PF_ARBUSD
RISEx ARB/USDC
Backpack ARB_USDC_PERP