Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0078%/8h= +8.6% APRpaid last 24h +0.018%

Price spread now: dYdX against Orderly−0.114%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.084%+$8 on $10k

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. dYdX is 0.114% cheaper against Orderly than usual: you would sell low and buy high (spread −0.114% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 4.8 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ARB_USDC	0.2198	−0.0078	get 0.0078% / 8h	4h 48m	$13K	$388K	10x
Short	dYdX ARB-USD	0.2195	0	get 0.0000% / 1h	48m 13s	$65K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Orderly. 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 OrderlybpFee dYdXbpOrdersPrice spread, now −0.114%Rate

Funding earned: $16.43
Price spread: −0.114% → 0.000%: −$11.37
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$10.95
Costs to cover: 0.160%
Break-even: 11.7 days

Slippage unknown: Orderly: no order-book sample; dYdX: 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 Orderly no order-book sample	—	—	—	—	—
Sell dYdX no order-book sample	—	—	—	—	—

Orderly and dYdX: 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	0.2185	−0.591%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0136%	1h	0.2197	−0.045%	$7K	$2K	10x	as long as short
MEXC ARB_USDT	−0.0136%	8h	0.2197	−0.027%	$40.6M	$59.6M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0135%	8h	0.2197	−0.032%	$22.2M	$147.8M	50x	as long as short
Variational Omni ARB	−0.0117%	8h	0.2192	−0.256%	$1.8M	$2.9M	—	as long as short
Polymarket Perps ARB-USD	−0.0116%	1h	0.2197	−0.041%	$70K	$2.1M	10x	as long as short
Gate ARB_USDT	−0.0103%	8h	0.2198	−0.009%	$5.3M	$18.7M	60x	as long as short
Orderly PERP_ARB_USDClong	−0.0078%	8h	0.2198	long leg	$13K	$388K	10x
Bybit ARBUSDT	−0.0048%	8h	0.2197	−0.036%	$55.6M	$125.9M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0006%	1h	0.2198	+0.008%	$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-USDshort	0.0000%	1h	0.2195	−0.114%	$65K	$5K	10x
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2199	+0.045%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2199	+0.045%	$32K	—	150x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2197	−0.054%	$349K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0010%	8h	0.2199	+0.027%	$64.1M	$306.6M	75x	as long as short
SoDEX ARB-USD	+0.0028%	1h	0.2198	−0.009%	$10K	$2.3M	5x	as long as short
BloFin ARB-USDT	+0.0041%	8h	0.2195	−0.150%	$3.1M	$2.6M	75x	as long as short
Bitget ARBUSDT	+0.0065%	8h	0.2197	−0.045%	$20.9M	$34.6M	50x	as long as short
BingX ARB-USDC	+0.0068%	8h	0.2196	−0.077%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2199	+0.068%	$139K	$7K	3x	as long as short
Phemex ARBUSDT	+0.0090%	8h	0.2198	0.000%	$4.9M	$12.9M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2197	−0.027%	$1.2M	$5.7M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2199	+0.055%	$37.9M	$48.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2196	−0.091%	$634K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2194	−0.166%	$42K	$169K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2199	+0.036%	$19.5M	$15.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2204	+0.277%	$40K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2205	+0.318%	$470K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2196	−0.091%	$118K	$282K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2197	−0.045%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2199	+0.050%	$299K	$953K	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2197	−0.045%	$492K	$2.0M	50x	as long as short
RISEx ARB/USDC	+0.0225%	1h	0.2199	+0.043%	$476K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2199	+0.042%	$820K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2197	−0.059%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0573%	1h	0.2197	−0.059%	$992K	$2.8M	20x	as long as short