Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0191%/8h= −20.9% APRpaid last 24h −0.056%

Price spread now: Aster against Reya+0.084%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · Aster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.084% dearer against Reya than usual: you sell high and buy low (spread +0.084% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ARBRUSDPERP	0.2227	0.0291	pay 0.0036% / 1h	53m 48s	$2K	$695	20x
Short	Aster ARBUSDT	0.2229	0.0100	get 0.0100% / 8h	1h 53m	$692K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Reya. 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 ReyabpFee AsterbpOrdersPrice spread, now +0.084%Rate

Funding earned: −$40.02
Price spread: +0.084% → 0.000%: $8.44
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$45.58
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Aster: live order book, 4 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 Reya no order-book sample	—	—	—	—	—
Sell Aster live order book, 4 min ago	2.25 bp	11.6 bp −$12	29.4 bp −$294	doesn't fit	doesn't fit

Reya: 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	0.2213	−0.616%	$40K	$283K	12x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0333%	1h	0.2228	+0.076%	$26K	$32K	25x	as long as short
01 Exchange ARBUSD	−0.0200%	1h	0.2228	+0.053%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0157%	8h	0.2221	−0.236%	$1.9M	$2.8M	—	as long as short
Bybit ARBUSDT	−0.0132%	8h	0.2226	−0.019%	$57.3M	$136.3M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0109%	8h	0.2226	−0.046%	$22.2M	$163.4M	50x	as long as short
MEXC ARB_USDT	−0.0108%	8h	0.2228	+0.049%	$36.9M	$62.0M	200x	as long as short
SoDEX ARB-USD	−0.0053%	1h	0.2227	+0.013%	$4K	$2.9M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0022%	8h	0.2228	+0.058%	$10K	$391K	10x	as long as short
Extended ARB-USD	−0.0016%	1h	0.2226	−0.027%	$353K	$2.4M	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDT	−0.0013%	8h	0.2227	+0.019%	$63.4M	$323.6M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2229	+0.124%	$66K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2229	+0.094%	$55K	—	150x	as long as short
Gate ARB_USDT	+0.0010%	8h	0.2228	+0.053%	$5.5M	$20.6M	60x	as long as short
Polymarket Perps ARB-USD	+0.0070%	1h	0.2228	+0.044%	$76K	$2.2M	10x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2230	+0.132%	$146K	$12K	3x	as long as short
Kraken Futures PF_ARBUSD	+0.0085%	1h	0.2230	+0.143%	$1.1M	$5.2M	50x	as long as short
Bitget ARBUSDT	+0.0088%	8h	0.2226	−0.032%	$20.9M	$38.1M	50x	as long as short
BingX ARB-USDC	+0.0089%	8h	0.2227	+0.026%	—	$6.5M	—	as long as short
Lighter ARB	+0.0096%	1h	0.2229	+0.089%	$1.3M	$7.3M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2230	+0.130%	$39.8M	$52.2M	10x	as long as short
Aster ARBUSDTshort	+0.0100%	8h	0.2229	+0.084%	$692K	$1.7M	20x
Pacifica ARB	+0.0100%	1h	0.2230	+0.143%	$44K	$200K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2229	+0.094%	$20.5M	$16.9M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2218	−0.387%	$36K	$456K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2220	−0.305%	$477K	$4.0M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2221	−0.257%	$120K	$296K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2230	+0.148%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2228	+0.080%	$275K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2228	+0.058%	$5.2M	$13.6M	50x	as long as short
BloFin ARB-USDT	+0.0104%	8h	0.2229	+0.094%	$3.0M	$3.3M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0264%	1h	0.2231	+0.192%	$506K	$2.5M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0274% / S −0.0157%	1h	0.2229	+0.099%	$834K	—	150x	as long as short
Reya ARBRUSDPERPlong	+0.0291%	1h	0.2227	long leg	$2K	$695	20x
RISEx ARB/USDC	+0.0363%	1h	0.2231	+0.183%	$492K	$2.8M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0713%	1h	0.2231	+0.188%	$1.1M	$2.7M	20x	as long as short