Funding you earn now, next payment 00:00 UTC−0.0131%/8h= −14.3% APRnext payment −$1.31 per $10,000 · paid last 24h +0.043%
Price spread now: Variational Omni against Orderly+0.012%7-day average −0.013% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.063%+$6 on $10k
+Price spread, last 3 days (all we have)−0.788%−$79 · spread now +0.012%, 7d avg −0.013%
=Together, before fees−0.725%+ Points / potential airdropVariational Omni: Active · farm board−$73 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.025% dearer against Orderly than usual: you sell high and buy low (spread +0.012% now, against its 7-day average of −0.013%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 15 hours. Mind the row above: over the last 3 days funding on this pair paid +0.063%, 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 | 0.2238 | −0.0037 | get 0.0037% / 8h | 1h 17m | $10K | $394K | 10x |
| Short | Variational Omni ARB | 0.2238 | −0.0168 | pay 0.0168% / 8h | 1h 17m | $1.9M | $2.7M | — |
Orderly PERP_ARB_USDC
Variational Omni ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$27.42
- Price spread: +0.012% → −0.013%
- $2.5
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$30.92
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Variational Omni: RFQ quote, 2 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 Variational Omni RFQ quote, 2 min ago | 4.47 bp | doesn't fit | 22.4 bp −$224 | 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 | 0.2228 | −0.447% | $40K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0232% | 1h | 0.2239 | +0.063% | $7K | $2K | 10x | as long as short |
| SoDEX ARB-USD | −0.0200% | 1h | 0.2237 | −0.031% | $4K | $2.8M | 5x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0196% | 1h | 0.2239 | +0.031% | $26K | $32K | 25x | as long as short |
| Variational Omni ARBshort | −0.0168% | 8h | 0.2238 | +0.012% | $1.9M | $2.7M | — | |
| Bybit ARBUSDT | −0.0147% | 8h | 0.2238 | −0.009% | $57.9M | $133.0M | 50x | as long as short |
| Polymarket Perps ARB-USD | −0.0125% | 1h | 0.2239 | +0.045% | $73K | $2.0M | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0101% | 8h | 0.2238 | +0.004% | $22.5M | $160.7M | 50x | as long as short |
| MEXC ARB_USDT | −0.0100% | 8h | 0.2239 | +0.027% | $37.4M | $62.7M | 200x | as long as short |
| Orderly PERP_ARB_USDClong | −0.0037% | 8h | 0.2238 | long leg | $10K | $394K | 10x |
Injective ARB/USDC PERP
01 Exchange ARBUSD
SoDEX ARB-USD
Deribit ARB_USDC-PERPETUAL
Bybit ARBUSDT
Polymarket Perps ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDT | −0.0008% | 8h | 0.2238 | −0.003% | $64.1M | $316.8M | 75x | as long as short |
| Extended ARB-USD | −0.0008% | 1h | 0.2237 | −0.038% | $356K | $2.4M | 25x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2242 | +0.165% | $66K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2240 | +0.069% | $56K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0035% | 8h | 0.2239 | +0.063% | $5.5M | $20.7M | 60x | as long as short |
| Bitget ARBUSDT | +0.0067% | 8h | 0.2239 | +0.045% | $21.0M | $37.2M | 50x | as long as short |
| BingX ARB-USDT | +0.0068% | 8h | 0.2238 | +0.004% | — | $53.2M | — | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2240 | +0.067% | $146K | $12K | 3x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0085% | 1h | 0.2240 | +0.107% | $1.1M | $5.1M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2239 | +0.054% | $1.3M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2241 | +0.139% | $40.0M | $50.6M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2238 | +0.019% | $695K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2242 | +0.168% | $44K | $193K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2240 | +0.103% | $20.6M | $16.4M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2239 | +0.060% | $40K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2239 | +0.061% | $486K | $3.8M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2240 | +0.089% | $121K | $295K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2240 | +0.089% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2240 | +0.107% | $276K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2237 | −0.045% | $5.1M | $13.4M | 50x | as long as short |
| BloFin ARB-USDT | +0.0112% | 8h | 0.2238 | −0.018% | $3.0M | $3.3M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0264% | 1h | 0.2242 | +0.179% | $506K | $2.3M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0274% / S −0.0156% | 1h | 0.2239 | +0.048% | $840K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2238 | −0.003% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0363% | 1h | 0.2242 | +0.174% | $496K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0623% | 1h | 0.2242 | +0.174% | $1.1M | $2.7M | 20x | as long as short |
Binance ARBUSDT
Extended ARB-USD
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Bitget ARBUSDT
BingX ARB-USDT
Aevo ARB-PERP
Kraken Futures PF_ARBUSD
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
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP