Funding you earn now, next payment 00:00 UTC+0.0090%/8h= +9.8% APRnext payment +$0.90 per $10,000 · paid last 24h +0.050%
Price spread now: BingX against Orderly−0.027%7-day average −0.066% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.234%+$23 on $10k
+Price spread, last 3 days (all we have)−2.567%−$257 · spread now −0.027%, 7d avg −0.066%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BingX is 0.039% dearer against Orderly than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.066%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ARB_USDC | 0.2213 | −0.0007 | get 0.0007% / 8h | 2h 52m | $10K | $382K | 10x |
| Short | BingX ARB-USDC | 0.2212 | 0.0083 | get 0.0083% / 8h | 2h 52m | — | $6.5M | — |
Orderly PERP_ARB_USDC
BingX ARB-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $18.82
- Price spread: −0.027% → −0.066%
- $3.89
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $6.71
- Costs to cover
- 0.160%
- Break-even
- 4.5 days
Slippage unknown: Orderly: no order-book sample; BingX: live order book, 13 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 BingX live order book, 13 min ago | 4.49 bp | 20.1 bp −$20 | 39.7 bp −$397 | 102.9 bp −$10.3K | 586.6 bp −$293.3K |
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 | −0.1675% | 1h | 0.2197 | −0.723% | $40K | $107K | 12x | as long as short |
| ApeX Omni ARBUSDT | −0.0762% | 1h | 0.2207 | −0.271% | $120K | $297K | 50x | as long as short |
| 01 Exchange ARBUSD | −0.0440% | 1h | 0.2207 | −0.276% | $7K | $2K | 10x | as long as short |
| Bybit ARBUSDT | −0.0248% | 8h | 0.2212 | −0.041% | $57.5M | $134.7M | 50x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0202% | 1h | 0.2213 | +0.009% | $36K | $18K | 25x | as long as short |
| Variational Omni ARB | −0.0192% | 8h | 0.2210 | −0.152% | $1.9M | $2.8M | — | as long as short |
| Polymarket Perps ARB-USD | −0.0073% | 1h | 0.2213 | 0.000% | $76K | $2.3M | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0065% | 8h | 0.2212 | −0.054% | $22.1M | $164.1M | 50x | as long as short |
| MEXC ARB_USDT | −0.0064% | 8h | 0.2212 | −0.027% | $37.2M | $63.0M | 200x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0054% | 1h | 0.2214 | +0.042% | $1.1M | $5.2M | 50x | as long as short |
Injective ARB/USDC PERP
ApeX Omni ARBUSDT
01 Exchange ARBUSD
Bybit ARBUSDT
Deribit ARB_USDC-PERPETUAL
Variational Omni ARB
Polymarket Perps ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Kraken Futures PF_ARBUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX ARB-USD | −0.0020% | 1h | 0.2212 | −0.032% | $4K | $2.9M | 5x | as long as short |
| Orderly PERP_ARB_USDClong | −0.0007% | 8h | 0.2213 | long leg | $10K | $382K | 10x | |
| dYdX ARB-USD | 0.0000% | 1h | 0.2212 | −0.033% | $65K | $4K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2212 | −0.062% | $351K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | 0.0000% | 8h | 0.2212 | −0.031% | $63.1M | $325.9M | 75x | as long as short |
| BloFin ARB-USDT | +0.0001% | 8h | 0.2206 | −0.321% | $3.0M | $3.3M | 75x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2214 | +0.046% | $55K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0021% | 8h | 0.2212 | −0.027% | $5.5M | $21.4M | 60x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2212 | −0.033% | $145K | $12K | 3x | as long as short |
| Bitget ARBUSDT | +0.0082% | 8h | 0.2213 | 0.000% | $20.8M | $38.9M | 50x | as long as short |
| BingX ARB-USDCshort | +0.0083% | 8h | 0.2212 | −0.027% | — | $6.5M | — | |
| Lighter ARB | +0.0096% | 1h | 0.2214 | +0.027% | $1.3M | $7.7M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2214 | +0.041% | $39.7M | $53.0M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2213 | −0.023% | $697K | $1.8M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2212 | −0.057% | $46K | $206K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2214 | +0.054% | $20.3M | $17.2M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2211 | −0.077% | $38K | $449K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2211 | −0.099% | $470K | $4.3M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2214 | +0.045% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2213 | +0.023% | $272K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2213 | 0.000% | $5.3M | $13.8M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0275% / S −0.0168% | 1h | 0.2213 | +0.022% | $812K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2216 | +0.136% | $506K | $2.5M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2213 | −0.016% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0373% | 1h | 0.2216 | +0.145% | $1.1M | $2.8M | 20x | as long as short |
| RISEx ARB/USDC | +0.0546% | 1h | 0.2216 | +0.155% | $486K | $2.9M | 10x | as long as short |
SoDEX ARB-USD
dYdX ARB-USD
Extended ARB-USD
Binance ARBUSDT
BloFin ARB-USDT
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Aevo ARB-PERP
Bitget ARBUSDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP
RISEx ARB/USDC