Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0080%/8h= −8.7% APRpaid last 24h −0.012%

Price spread now: 01 Exchange against Orderly+0.050%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. 01 Exchange is 0.050% dearer against Orderly than usual: you sell high and buy low (spread +0.050% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ARB_USDC	0.2190	−0.0040	get 0.0040% / 8h	42m 58s	$13K	$404K	10x
Short	01 Exchange ARBUSD	0.2191	−0.0120	pay 0.0015% / 1h	42m 58s	$7K	$236	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.050%Rate

Funding earned: −$16.75
Price spread: +0.050% → 0.000%: $5.02
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$24.73
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; 01 Exchange: 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 01 Exchange no order-book sample	—	—	—	—	—

Orderly and 01 Exchange: 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	−0.1612%	1h	0.2179	−0.502%	$39K	$372K	12x	as long as short
01 Exchange ARBUSDshort	−0.0120%	1h	0.2191	+0.050%	$7K	$236	10x
MEXC ARB_USDT	−0.0083%	8h	0.2188	−0.096%	$42.3M	$61.7M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0083%	8h	0.2186	−0.178%	$22.0M	$144.3M	50x	as long as short
Orderly PERP_ARB_USDClong	−0.0040%	8h	0.2190	long leg	$13K	$404K	10x
Variational Omni ARB	−0.0018%	8h	0.2190	−0.022%	$1.8M	$3.0M	—	as long as short
dYdX ARB-USD	0.0000%	1h	0.2192	+0.099%	$65K	$5K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2188	−0.114%	$349K	$3.1M	25x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2189	−0.046%	$28K	$38K	25x	as long as short
Binance ARBUSDT	+0.0002%	8h	0.2187	−0.136%	$62.5M	$300.7M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ARBUSDT	+0.0004%	8h	0.2187	−0.155%	$53.6M	$125.9M	50x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2191	+0.025%	$44K	—	150x	as long as short
BloFin ARB-USDT	+0.0006%	8h	0.2188	−0.114%	$3.0M	$2.3M	75x	as long as short
Gate ARB_USDT	+0.0020%	8h	0.2188	−0.073%	$5.4M	$18.3M	60x	as long as short
SoDEX ARB-USD	+0.0027%	1h	0.2188	−0.087%	$9K	$2.2M	5x	as long as short
Polymarket Perps ARB-USD	+0.0034%	1h	0.2190	+0.014%	$67K	$2.1M	10x	as long as short
RISEx ARB/USDC	+0.0069%	1h	0.2192	+0.075%	$493K	$2.6M	10x	as long as short
BingX ARB-USDT	+0.0080%	8h	0.2188	−0.091%	—	$33.1M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2190	+0.020%	$139K	$7K	3x	as long as short
Bitget ARBUSDT	+0.0081%	8h	0.2189	−0.046%	$21.1M	$34.5M	50x	as long as short
Kraken Futures PF_ARBUSD	+0.0093%	1h	0.2189	−0.027%	$1.1M	$4.4M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2188	−0.078%	$1.2M	$5.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2189	−0.046%	$37.0M	$49.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2188	−0.073%	$630K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2191	+0.046%	$43K	$147K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2190	−0.009%	$19.5M	$14.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2191	+0.042%	$39K	$465K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2190	−0.017%	$473K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2188	−0.091%	$118K	$279K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2191	+0.046%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2188	−0.087%	$293K	$836K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2189	−0.046%	$4.8M	$12.8M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2191	+0.034%	$827K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2190	−0.016%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0336%	1h	0.2200	+0.475%	$526K	$1.5M	50x	as long as short
Backpack ARB_USDC_PERP	+0.0713%	1h	0.2191	+0.046%	$988K	$2.9M	20x	as long as short