Funding you earn now, next payment 08:00 UTC+0.0149%/8h= +16.3% APRnext payment +$1.49 per $10,000 · paid last 24h +0.031%
Price spread now: Gate against Orderly0.000%7-day average −0.027% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.128%+$13 on $10k
+Price spread, last 3 days (all we have)−0.519%−$52 · spread now 0.000%, 7d avg −0.027%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Gate is 0.027% dearer against Orderly than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.027%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ARB_USDC | 0.2279 | −0.0049 | get 0.0049% / 8h | 7h 20m | $13K | $387K | 10x |
| Short | Gate ARB_USDT | 0.2279 | 0.0100 | get 0.0100% / 8h | 7h 20m | $5.5M | $19.8M | 60x |
Orderly PERP_ARB_USDC
Gate ARB_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $31.22
- Price spread: 0.000% → −0.027%
- $2.7
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $12.92
- Costs to cover
- 0.210%
- Break-even
- 4.1 days
Slippage unknown: Orderly: no order-book sample; Gate: live order book, 3 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 Gate live order book, 3 min ago | 1.54 bp | 19.2 bp −$19 | 30.0 bp −$300 | 122.0 bp −$12.2K | 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 | −0.1666% | 1h | 0.2261 | −0.790% | $41K | $372K | 12x | as long as short |
| Variational Omni ARB | −0.0201% | 8h | 0.2267 | −0.545% | $2.0M | $2.8M | — | as long as short |
| 01 Exchange ARBUSD | −0.0152% | 1h | 0.2280 | +0.039% | $7K | $2K | 10x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0136% | 1h | 0.2280 | +0.030% | $1.1M | $4.9M | 50x | as long as short |
| MEXC ARB_USDT | −0.0112% | 8h | 0.2278 | −0.044% | $39.2M | $59.2M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0111% | 8h | 0.2278 | −0.057% | $23.0M | $158.8M | 50x | as long as short |
| Bybit ARBUSDT | −0.0065% | 8h | 0.2277 | −0.079% | $59.0M | $126.7M | 50x | as long as short |
| Orderly PERP_ARB_USDClong | −0.0049% | 8h | 0.2279 | long leg | $13K | $387K | 10x | |
| SoDEX ARB-USD | −0.0038% | 1h | 0.2278 | −0.039% | $4K | $2.5M | 5x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2273 | −0.279% | $67K | $4K | 10x | as long as short |
Injective ARB/USDC PERP
Variational Omni ARB
01 Exchange ARBUSD
Kraken Futures PF_ARBUSD
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Bybit ARBUSDT
SoDEX ARB-USD
dYdX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2279 | −0.013% | $25K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2280 | +0.023% | $33K | — | 150x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2277 | −0.079% | $365K | $2.7M | 25x | as long as short |
| Binance ARBUSDT | +0.0010% | 8h | 0.2279 | +0.010% | $67.2M | $310.0M | 75x | as long as short |
| BloFin ARB-USDT | +0.0038% | 8h | 0.2272 | −0.325% | $3.1M | $2.9M | 75x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2285 | +0.264% | $145K | $7K | 3x | as long as short |
| BingX ARB-USDT | +0.0081% | 8h | 0.2278 | −0.053% | — | $54.2M | — | as long as short |
| Bitget ARBUSDT | +0.0087% | 8h | 0.2279 | 0.000% | $21.8M | $35.7M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2282 | +0.145% | $1.4M | $7.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2281 | +0.079% | $41.3M | $47.3M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2276 | −0.130% | $708K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2273 | −0.252% | $45K | $185K | 10x | as long as short |
| Gate ARB_USDTshort | +0.0100% | 8h | 0.2279 | 0.000% | $5.5M | $19.8M | 60x | |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2279 | −0.013% | $19.8M | $15.8M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2275 | −0.168% | $41K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2272 | −0.286% | $482K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2278 | −0.044% | $123K | $296K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2281 | +0.070% | $65K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2280 | +0.044% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2280 | +0.044% | $299K | $981K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2278 | −0.044% | $5.2M | $13.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0232% | 1h | 0.2274 | −0.219% | $513K | $2.3M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0288% / S −0.0175% | 1h | 0.2279 | +0.001% | $902K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2277 | −0.106% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0384% | 1h | 0.2280 | +0.066% | $520K | $2.6M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0579% | 1h | 0.2274 | −0.206% | $1.0M | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Binance ARBUSDT
BloFin ARB-USDT
Aevo ARB-PERP
BingX ARB-USDT
Bitget ARBUSDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP