Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0210%/8h= −22.9% APRpaid last 24h −0.056%

Price spread now: BingX against Reya+0.118%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 BingX

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 · farm boardneeds both histories

The price spread pays, funding is against you. BingX is 0.118% dearer against Reya than usual: you sell high and buy low (spread +0.118% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 45 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ARBRUSDPERP	0.2238	0.0291	pay 0.0036% / 1h	36m 56s	$2K	$695	20x
Short	BingX ARB-USDC	0.2241	0.0081	get 0.0081% / 8h	1h 36m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.118%Rate

Funding earned: −$44
Price spread: +0.118% → 0.000%: $11.85
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: −$48.15
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; BingX: live order book, 14 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 BingX live order book, 14 min ago	3.82 bp	20.9 bp −$21	44.6 bp −$446	98.2 bp −$9,818	629.0 bp −$314.5K

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	0.2225	−0.596%	$40K	$283K	12x	as long as short
01 Exchange ARBUSD	−0.0224%	1h	0.2239	+0.034%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0162%	8h	0.2236	−0.087%	$1.9M	$2.8M	—	as long as short
Bybit ARBUSDT	−0.0140%	8h	0.2241	+0.101%	$57.8M	$135.3M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0100%	8h	0.2241	+0.114%	$22.4M	$163.1M	50x	as long as short
MEXC ARB_USDT	−0.0099%	8h	0.2241	+0.123%	$37.5M	$62.4M	200x	as long as short
SoDEX ARB-USD	−0.0065%	1h	0.2240	+0.074%	$4K	$2.8M	5x	as long as short
Polymarket Perps ARB-USD	−0.0053%	1h	0.2239	+0.043%	$76K	$2.1M	10x	as long as short
Orderly PERP_ARB_USDC	−0.0027%	8h	0.2239	+0.029%	$10K	$393K	10x	as long as short
Extended ARB-USD	−0.0008%	1h	0.2240	+0.072%	$356K	$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	−0.0007%	8h	0.2241	+0.118%	$64.0M	$322.3M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2242	+0.163%	$66K	$4K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2241	+0.105%	$26K	$32K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2241	+0.102%	$56K	—	150x	as long as short
Gate ARB_USDT	+0.0030%	8h	0.2242	+0.150%	$5.5M	$20.7M	60x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2241	+0.116%	$147K	$12K	3x	as long as short
BingX ARB-USDCshort	+0.0081%	8h	0.2241	+0.118%	—	$6.5M	—
Bitget ARBUSDT	+0.0084%	8h	0.2241	+0.118%	$21.0M	$37.9M	50x	as long as short
Kraken Futures PF_ARBUSD	+0.0085%	1h	0.2243	+0.189%	$1.1M	$5.2M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2241	+0.136%	$1.3M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2244	+0.266%	$40.0M	$50.9M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2242	+0.149%	$697K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2242	+0.152%	$45K	$197K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2241	+0.141%	$20.6M	$16.8M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2237	−0.045%	$40K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2237	−0.045%	$481K	$4.0M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2237	−0.060%	$121K	$294K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2241	+0.118%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2242	+0.154%	$277K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2239	+0.029%	$5.2M	$13.5M	50x	as long as short
BloFin ARB-USDT	+0.0113%	8h	0.2240	+0.056%	$3.0M	$3.3M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0264%	1h	0.2243	+0.208%	$509K	$2.3M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0275% / S −0.0158%	1h	0.2241	+0.123%	$841K	—	150x	as long as short
Reya ARBRUSDPERPlong	+0.0291%	1h	0.2238	long leg	$2K	$695	20x
RISEx ARB/USDC	+0.0363%	1h	0.2242	+0.141%	$494K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0640%	1h	0.2245	+0.284%	$1.1M	$2.7M	20x	as long as short