Funding you earn now, next payment 00:00 UTC−0.0121%/8h= −13.2% APRnext payment −$1.21 per $10,000 · paid last 24h +0.049%
Price spread now: Bybit against Orderly−0.039%7-day average −0.050% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.183%+$18 on $10k
+Price spread, last 3 days (all we have)−0.627%−$63 · spread now −0.039%, 7d avg −0.050%
=The price spread sits at its 7-day average of −0.050%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.183%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ARB_USDC | 0.2279 | −0.0041 | get 0.0041% / 8h | 33m 23s | $13K | $395K | 10x |
| Short | Bybit ARBUSDT | 0.2278 | −0.0162 | pay 0.0162% / 8h | 33m 23s | $58.6M | $128.9M | 50x |
Orderly PERP_ARB_USDC
Bybit ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$25.41
- Price spread: −0.039% → −0.050%
- $1.06
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$41.34
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Bybit: 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 Bybit live order book, 6 min ago | 0.22 bp | 9.7 bp −$10 | 18.3 bp −$183 | 45.5 bp −$4,546 | 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 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 | −0.1785% | 1h | 0.2268 | −0.483% | $41K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0280% | 1h | 0.2279 | −0.018% | $75K | $2.0M | 10x | as long as short |
| Variational Omni ARB | −0.0182% | 8h | 0.2273 | −0.251% | $2.0M | $2.8M | — | as long as short |
| Bybit ARBUSDTshort | −0.0162% | 8h | 0.2278 | −0.039% | $58.6M | $128.9M | 50x | |
| 01 Exchange ARBUSD | −0.0160% | 1h | 0.2278 | −0.053% | $7K | $2K | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0110% | 8h | 0.2279 | −0.018% | $23.0M | $160.9M | 50x | as long as short |
| MEXC ARB_USDT | −0.0109% | 8h | 0.2280 | +0.039% | $38.3M | $59.6M | 200x | as long as short |
| SoDEX ARB-USD | −0.0077% | 1h | 0.2278 | −0.026% | $4K | $2.6M | 5x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0057% | 1h | 0.2279 | +0.013% | $26K | $32K | 25x | as long as short |
| Orderly PERP_ARB_USDClong | −0.0041% | 8h | 0.2279 | long leg | $13K | $395K | 10x |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
Variational Omni ARB
01 Exchange ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
SoDEX ARB-USD
Deribit ARB_USDC-PERPETUALShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2280 | +0.026% | $67K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2280 | +0.032% | $55K | — | 150x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2278 | −0.048% | $363K | $2.3M | 25x | as long as short |
| Binance ARBUSDT | +0.0009% | 8h | 0.2279 | −0.004% | $66.7M | $314.0M | 75x | as long as short |
| Gate ARB_USDT | +0.0011% | 8h | 0.2279 | +0.009% | $5.5M | $20.2M | 60x | as long as short |
| BloFin ARB-USDT | +0.0036% | 8h | 0.2278 | −0.026% | $3.1M | $2.8M | 75x | as long as short |
| Bitget ARBUSDT | +0.0067% | 8h | 0.2278 | −0.044% | $21.5M | $36.0M | 50x | as long as short |
| BingX ARB-USDC | +0.0067% | 8h | 0.2277 | −0.079% | — | $6.5M | — | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2280 | +0.065% | $149K | $12K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2280 | +0.039% | $1.4M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2282 | +0.114% | $41.5M | $47.3M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2278 | −0.026% | $710K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2279 | +0.014% | $48K | $185K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2279 | −0.004% | $19.8M | $16.2M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2274 | −0.210% | $40K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2275 | −0.191% | $485K | $3.7M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2273 | −0.263% | $122K | $295K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2281 | +0.088% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2279 | +0.018% | $291K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2278 | −0.044% | $5.2M | $13.1M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0216% | 1h | 0.2282 | +0.132% | $514K | $2.3M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0235% | 1h | 0.2280 | +0.042% | $1.2M | $4.9M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2278 | −0.023% | $2K | $695 | 20x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0296% / S −0.0186% | 1h | 0.2280 | +0.045% | $932K | — | 150x | as long as short |
| RISEx ARB/USDC | +0.0330% | 1h | 0.2281 | +0.077% | $504K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0479% | 1h | 0.2282 | +0.140% | $928K | $2.8M | 20x | as long as short |
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Binance ARBUSDT
Gate ARB_USDT
BloFin ARB-USDT
Bitget ARBUSDT
BingX ARB-USDC
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
Kraken Futures PF_ARBUSD
Reya ARBRUSDPERP
GMX ARB/USD [ARB-USDC]
RISEx ARB/USDC
Backpack ARB_USDC_PERP