Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0214%/8h= −23.4% APRpaid last 24h −0.046%

Price spread now: OKX against Pacifica−0.090%7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$510.511% of the position

Long on Pacifica Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.214%−$21 on $10k

Price spread, last 4 days (all we have)−0.069%−$7 · spread now −0.090%, 7d avg −0.060%

Together, before fees−0.284%+ Points / potential airdropPacifica: Active · farm board−$28 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and OKX is 0.031% cheaper against Pacifica than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.060%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica ARB	0.2214	0.0100	pay 0.0013% / 1h	30m 21s	$42K	$188K	10x
Short	OKX ARB-USDT-SWAP	0.2212	−0.0114	pay 0.0114% / 8h	6h 30m	$22.3M	$156.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.090%Rate

Funding earned: −$44.85
Price spread: −0.090% → −0.060%: −$3.08
Slippage, 4 orders: −$33.1
Fee Pacifica: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$99.03
Costs to cover: 0.511%
Break-even: never at this rate

Slippage from Pacifica: live order book, 37 min ago; OKX: live order book, 4 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, 37 min ago	8.82 bp	16.1 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.22 bp	10.9 bp −$11	22.8 bp −$228	doesn't fit	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	0.2208	−0.276%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0240%	1h	0.2212	−0.081%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0209%	1h	0.2213	−0.072%	$10K	$2.5M	5x	as long as short
Variational Omni ARB	−0.0172%	8h	0.2211	−0.144%	$1.9M	$2.9M	—	as long as short
ApeX Omni ARBUSDT	−0.0156%	1h	0.2226	+0.537%	$120K	$296K	50x	as long as short
OKX ARB-USDT-SWAPshort	−0.0114%	8h	0.2212	−0.090%	$22.3M	$156.9M	50x
MEXC ARB_USDT	−0.0113%	8h	0.2212	−0.113%	$40.1M	$59.6M	200x	as long as short
Bybit ARBUSDT	−0.0066%	8h	0.2213	−0.068%	$56.8M	$129.0M	50x	as long as short
Gate ARB_USDT	−0.0063%	8h	0.2212	−0.077%	$5.4M	$19.8M	60x	as long as short
Orderly PERP_ARB_USDC	−0.0059%	8h	0.2212	−0.095%	$12K	$381K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDT	−0.0001%	8h	0.2212	−0.081%	$64.5M	$318.1M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2213	−0.057%	$65K	$5K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2211	−0.128%	$353K	$2.5M	25x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2213	−0.045%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0011%	1h	0.2213	−0.043%	$10K	—	150x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2213	−0.050%	$140K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2211	−0.122%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2213	−0.050%	$38.2M	$51.1M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2212	−0.090%	$659K	$1.7M	20x	as long as short
Pacifica ARBlong	+0.0100%	1h	0.2214	long leg	$42K	$188K	10x
KuCoin ARBUSDTM	+0.0100%	8h	0.2213	−0.050%	$19.6M	$15.8M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2211	−0.140%	$21.2M	$36.3M	50x	as long as short
BingX ARB-USDT	+0.0100%	8h	0.2212	−0.086%	—	$54.6M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2225	+0.481%	$40K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2219	+0.216%	$480K	$3.7M	10x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2213	−0.063%	$76K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2213	−0.050%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2212	−0.108%	$297K	$1.0M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2212	−0.095%	$5.0M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0240%	1h	0.2219	+0.221%	$508K	$2.1M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2214	−0.016%	$826K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2211	−0.121%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0312%	1h	0.2214	−0.023%	$1.1M	$4.7M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2214	+0.002%	$469K	$2.6M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0523%	1h	0.2214	+0.014%	$997K	$2.9M	20x	as long as short