Funding you earn now, next payment 00:00 UTC+0.0127%/8h= +13.9% APRnext payment +$1.27 per $10,000 · paid last 24h +0.050%
Price spread now: SunX against Orderly+0.045%7-day average +0.084% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.287%+$29 on $10k
+Price spread, last 3 days (all we have)−0.029%−$3 · spread now +0.045%, 7d avg +0.084%
=Funding pays, the price is against you. SunX is 0.040% cheaper against Orderly than usual: you would sell low and buy high (spread +0.045% now, against its 7-day average of +0.084%). If the spread goes back, that is −$4 on $10k: about 25 hours of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ARB_USDC | 0.2243 | −0.0027 | get 0.0027% / 8h | 1h 37m | $10K | $394K | 10x |
| Short | SunX ARB-USDT | 0.2244 | 0.0100 | get 0.0100% / 8h | 1h 37m | $2K | $1.1M | 30x |
Orderly PERP_ARB_USDC
SunX ARB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- $26.62
- Price spread: +0.045% → +0.084%
- −$3.97
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- $8.65
- Costs to cover
- 0.140%
- Break-even
- 4.7 days
Slippage unknown: Orderly: no order-book sample; SunX: 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 SunX live order book, 6 min ago | 31.28 bp | 91.9 bp −$92 | doesn't fit | doesn't fit | 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 | −0.1770% | 1h | 0.2226 | −0.758% | $40K | $283K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0224% | 1h | 0.2242 | −0.031% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0162% | 8h | 0.2236 | −0.295% | $1.9M | $2.8M | — | as long as short |
| Bybit ARBUSDT | −0.0140% | 8h | 0.2240 | −0.116% | $57.7M | $135.7M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0100% | 8h | 0.2241 | −0.103% | $22.4M | $163.1M | 50x | as long as short |
| MEXC ARB_USDT | −0.0099% | 8h | 0.2241 | −0.094% | $37.5M | $62.4M | 200x | as long as short |
| SoDEX ARB-USD | −0.0060% | 1h | 0.2241 | −0.098% | $4K | $2.8M | 5x | as long as short |
| Polymarket Perps ARB-USD | −0.0048% | 1h | 0.2242 | −0.031% | $76K | $2.2M | 10x | as long as short |
| Orderly PERP_ARB_USDClong | −0.0027% | 8h | 0.2243 | long leg | $10K | $394K | 10x | |
| Extended ARB-USD | −0.0008% | 1h | 0.2240 | −0.141% | $356K | $2.4M | 25x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Variational Omni ARB
Bybit ARBUSDT
OKX ARB-USDT-SWAP
MEXC ARB_USDT
SoDEX ARB-USD
Polymarket Perps ARB-USD
Extended ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDT | −0.0007% | 8h | 0.2241 | −0.104% | $64.0M | $322.6M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2242 | −0.045% | $66K | $4K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2244 | +0.045% | $26K | $32K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2244 | +0.053% | $56K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0030% | 8h | 0.2241 | −0.098% | $5.5M | $20.7M | 60x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2243 | −0.012% | $147K | $12K | 3x | as long as short |
| BingX ARB-USDT | +0.0082% | 8h | 0.2241 | −0.103% | — | $53.5M | — | as long as short |
| Bitget ARBUSDT | +0.0084% | 8h | 0.2242 | −0.045% | $21.0M | $37.9M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0085% | 1h | 0.2243 | −0.018% | $1.1M | $5.2M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2242 | −0.062% | $1.3M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2243 | −0.013% | $40.0M | $50.9M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2241 | −0.089% | $696K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2242 | −0.055% | $45K | $197K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2242 | −0.062% | $20.6M | $16.8M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2235 | −0.363% | $40K | $460K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2235 | −0.336% | $481K | $4.0M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2235 | −0.357% | $121K | $294K | 50x | as long as short |
| SunX ARB-USDTshort | +0.0100% | 8h | 0.2244 | +0.045% | $2K | $1.1M | 30x | |
| HTX ARB-USDT | +0.0100% | 8h | 0.2242 | −0.027% | $277K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2241 | −0.089% | $5.2M | $13.5M | 50x | as long as short |
| BloFin ARB-USDT | +0.0109% | 8h | 0.2240 | −0.129% | $3.0M | $3.3M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0264% | 1h | 0.2243 | 0.000% | $509K | $2.4M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0275% / S −0.0158% | 1h | 0.2244 | +0.056% | $842K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2241 | −0.067% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0363% | 1h | 0.2242 | −0.066% | $494K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0639% | 1h | 0.2245 | +0.098% | $1.1M | $2.7M | 20x | as long as short |
Binance ARBUSDT
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Aevo ARB-PERP
BingX ARB-USDT
Bitget ARBUSDT
Kraken Futures PF_ARBUSD
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP