Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0170%/8h= −18.6% APRpaid last 24h −0.016%

Price spread now: Gate against Pacifica+0.065%7-day average −0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$670.672% of the position

Long on Pacifica Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.163%−$16 on $10k

Price spread, last 4 days (all we have)−0.316%−$32 · spread now +0.065%, 7d avg −0.035%

Together, before fees−0.479%+ Points / potential airdropPacifica: Active · farm board−$48 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.099% dearer against Pacifica than usual: you sell high and buy low (spread +0.065% now, against its 7-day average of −0.035%): +$10 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 47 hours. At the pace of the last 7 days (−0.163% in total) that is about 4.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica ARB	0.2215	0.0100	pay 0.0013% / 1h	11m 41s	$42K	$184K	10x
Short	Gate ARB_USDT	0.2217	−0.0070	pay 0.0070% / 8h	6h 11m	$5.4M	$19.9M	60x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Pacifica. 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 PacificabpFee GatebpOrdersPrice spread, now +0.065%Rate

Funding earned: −$35.7
Price spread: +0.065% → −0.035%: $9.94
Slippage, 4 orders: −$44.19
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$92.95
Costs to cover: 0.672%
Break-even: never at this rate

Slippage from Pacifica: live order book, 56 min ago; Gate: live order book, 2 min ago.

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 Pacifica live order book, 56 min ago	8.82 bp	16.1 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	2.03 bp	19.0 bp −$19	27.9 bp −$279	92.3 bp −$9,225	doesn't fit

ARB on 35 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	−0.1692%	1h	0.2202	−0.595%	$40K	$372K	12x	as long as short
SoDEX ARB-USD	−0.0257%	1h	0.2217	+0.060%	$10K	$2.5M	5x	as long as short
01 Exchange ARBUSD	−0.0224%	1h	0.2214	−0.053%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0159%	8h	0.2212	−0.159%	$1.9M	$2.9M	—	as long as short
OKX ARB-USDT-SWAP	−0.0126%	8h	0.2214	−0.039%	$22.4M	$156.1M	50x	as long as short
MEXC ARB_USDT	−0.0126%	8h	0.2216	+0.051%	$39.1M	$60.2M	200x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0111%	1h	0.2217	+0.065%	$24K	$34K	25x	as long as short
Gate ARB_USDTshort	−0.0070%	8h	0.2217	+0.065%	$5.4M	$19.9M	60x
Orderly PERP_ARB_USDC	−0.0067%	8h	0.2215	−0.008%	$12K	$385K	10x	as long as short
Bybit ARBUSDT	−0.0038%	8h	0.2215	−0.012%	$56.6M	$128.5M	50x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDT	−0.0003%	8h	0.2215	+0.009%	$64.6M	$316.8M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2217	+0.065%	$66K	$5K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2216	+0.024%	$352K	$2.5M	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0011%	1h	0.2217	+0.087%	$10K	—	150x	as long as short
ApeX Omni ARBUSDT	+0.0051%	1h	0.2214	−0.053%	$119K	$286K	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2217	+0.060%	$141K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2215	+0.006%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2217	+0.083%	$38.6M	$51.8M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2216	+0.040%	$660K	$1.7M	20x	as long as short
Pacifica ARBlong	+0.0100%	1h	0.2215	long leg	$42K	$184K	10x
KuCoin ARBUSDTM	+0.0100%	8h	0.2217	+0.074%	$19.6M	$15.7M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2216	+0.037%	$21.2M	$36.4M	50x	as long as short
BingX ARB-USDT	+0.0100%	8h	0.2216	+0.042%	—	$54.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2214	−0.038%	$40K	$464K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2215	−0.008%	$481K	$3.7M	10x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2216	+0.028%	$87K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2218	+0.128%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2218	+0.110%	$298K	$996K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2216	+0.037%	$5.0M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0240%	1h	0.2222	+0.308%	$508K	$2.1M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2217	+0.087%	$827K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2215	−0.026%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0312%	1h	0.2218	+0.116%	$1.1M	$4.7M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2215	+0.010%	$481K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0531%	1h	0.2219	+0.182%	$1.0M	$2.9M	20x	as long as short