Funding you earn now, next payment 03:00 UTC−0.0276%/8h= −30.2% APRpaid last 24h −0.050%
Price spread now: BloFin against Reya−0.187%106s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and BloFin is 0.187% cheaper against Reya than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya ARBRUSDPERP | 0.2225 | 0.0290 | pay 0.0036% / 1h | 35m 37s | $2K | $695 | 20x |
| Short | BloFin ARB-USDT | 0.2220 | 0.0014 | get 0.0014% / 8h | 5h 35m | $3.1M | $2.7M | 75x |
Reya ARBRUSDPERP
BloFin ARB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Reya. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$57.89
- Price spread: −0.187% → 0.000%
- −$18.73
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$94.62
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; BloFin: live order book, 8 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 BloFin live order book, 8 min ago | 1.35 bp | 9.5 bp −$9 | 24.6 bp −$246 | 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 | −0.1577% | 1h | 0.2203 | −0.969% | $40K | $372K | 12x | as long as short |
| Variational Omni ARB | −0.0151% | 8h | 0.2222 | −0.106% | $1.9M | $2.9M | — | as long as short |
| SoDEX ARB-USD | −0.0149% | 1h | 0.2224 | −0.030% | $10K | $2.4M | 5x | as long as short |
| 01 Exchange ARBUSD | −0.0144% | 1h | 0.2224 | −0.021% | $7K | $2K | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0132% | 8h | 0.2224 | −0.012% | $22.3M | $152.0M | 50x | as long as short |
| MEXC ARB_USDT | −0.0131% | 8h | 0.2222 | −0.115% | $38.3M | $59.1M | 200x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0098% | 1h | 0.2225 | −0.002% | $1.1M | $4.6M | 50x | as long as short |
| Bybit ARBUSDT | −0.0096% | 8h | 0.2224 | −0.039% | $56.5M | $126.4M | 50x | as long as short |
| Polymarket Perps ARB-USD | −0.0088% | 1h | 0.2225 | +0.015% | $96K | $2.1M | 10x | as long as short |
| Gate ARB_USDT | −0.0086% | 8h | 0.2223 | −0.048% | $5.4M | $19.0M | 60x | as long as short |
Injective ARB/USDC PERP
Variational Omni ARB
SoDEX ARB-USD
01 Exchange ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Kraken Futures PF_ARBUSD
Bybit ARBUSDT
Polymarket Perps ARB-USD
Gate ARB_USDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ARB_USDC | −0.0072% | 8h | 0.2223 | −0.070% | $12K | $384K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0065% | 1h | 0.2224 | −0.039% | $24K | $34K | 25x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2223 | −0.090% | $66K | $5K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0013% | 1h | 0.2224 | −0.028% | $11K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0007% | 8h | 0.2224 | −0.039% | $64.7M | $308.6M | 75x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2222 | −0.105% | $353K | $2.5M | 25x | as long as short |
| BloFin ARB-USDTshort | +0.0014% | 8h | 0.2220 | −0.187% | $3.1M | $2.7M | 75x | |
| ApeX Omni ARBUSDT | +0.0044% | 1h | 0.2220 | −0.205% | $120K | $283K | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2225 | +0.002% | $141K | $7K | 3x | as long as short |
| Phemex ARBUSDT | +0.0090% | 8h | 0.2223 | −0.070% | $5.0M | $12.9M | 50x | as long as short |
| Bitget ARBUSDT | +0.0094% | 8h | 0.2225 | +0.019% | $21.3M | $34.9M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2222 | −0.129% | $1.2M | $6.4M | 15x | as long as short |
| BingX ARB-USDT | +0.0097% | 8h | 0.2223 | −0.088% | — | $53.9M | — | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2222 | −0.120% | $38.6M | $49.7M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2222 | −0.136% | $651K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2222 | −0.128% | $42K | $178K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2224 | −0.039% | $19.6M | $15.5M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2217 | −0.325% | $40K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2219 | −0.256% | $477K | $3.6M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2223 | −0.070% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2225 | +0.006% | $298K | $945K | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2224 | −0.021% | $508K | $2.1M | 50x | as long as short |
| RISEx ARB/USDC | +0.0232% | 1h | 0.2225 | +0.033% | $493K | $2.7M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2224 | −0.040% | $829K | — | 150x | as long as short |
| Reya ARBRUSDPERPlong | +0.0290% | 1h | 0.2225 | long leg | $2K | $695 | 20x | |
| Backpack ARB_USDC_PERP | +0.0560% | 1h | 0.2227 | +0.114% | $1.0M | $2.8M | 20x | as long as short |
Orderly PERP_ARB_USDC
Deribit ARB_USDC-PERPETUAL
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
ApeX Omni ARBUSDT
Aevo ARB-PERP
Phemex ARBUSDT
Bitget ARBUSDT
Lighter ARB
BingX ARB-USDT
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
SunX ARB-USDT
HTX ARB-USDT
Coinbase International ARB-PERP-INTX
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Backpack ARB_USDC_PERP