ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0288%/8h= −31.6% APRnext payment −$0.36 per $10,000 · paid last 24h −0.107%

Price spread now: Deribit against Reya+0.139%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 Deribit

What this pair did over the last

the charts below follow

Funding, last 4 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. Deribit is 0.139% dearer against Reya than usual: you sell high and buy low (spread +0.139% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 38 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ARBRUSDPERP	0.2187	0.0288	pay 0.0036% / 1h	57m 50s	$2K	$695	20x
Short	Deribit ARB_USDC-PERPETUAL	0.2190	0	get 0.0000% / 1h	57m 50s	$28K	$38K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.139%Rate

Funding earned: −$60.54
Price spread: +0.139% → 0.000%: $13.85
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$59.68
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Deribit: no order-book sample. 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 Deribit no order-book sample	—	—	—	—	—

Reya and Deribit: 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	−0.1605%	1h	0.2174	−0.616%	$39K	$372K	12x	as long as short
Phemex ARBUSDT	−0.0291%	8h	0.2188	+0.024%	$4.8M	$12.8M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0169%	1h	0.2190	+0.112%	$1.1M	$4.3M	50x	as long as short
01 Exchange ARBUSD	−0.0152%	1h	0.2189	+0.079%	$7K	$236	10x	as long as short
MEXC ARB_USDT	−0.0070%	8h	0.2188	+0.043%	$42.8M	$62.3M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0069%	8h	0.2189	+0.075%	$22.1M	$145.3M	50x	as long as short
SoDEX ARB-USD	−0.0062%	1h	0.2188	+0.024%	$9K	$2.2M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0040%	8h	0.2189	+0.070%	$16K	$410K	10x	as long as short
Bybit ARBUSDT	−0.0019%	8h	0.2189	+0.088%	$53.3M	$125.9M	50x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2190	+0.098%	$65K	$4K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ARB-USD	0.0000%	1h	0.2188	+0.018%	$350K	$3.1M	25x	as long as short
Deribit ARB_USDC-PERPETUALshort	0.0000%	1h	0.2190	+0.139%	$28K	$38K	25x
Binance ARBUSDT	+0.0004%	8h	0.2189	+0.073%	$63.1M	$299.1M	75x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2189	+0.092%	$73K	—	150x	as long as short
Gate ARB_USDT	+0.0009%	8h	0.2189	+0.084%	$5.4M	$18.0M	60x	as long as short
Variational Omni ARB	+0.0029%	8h	0.2187	−0.037%	$1.8M	$3.0M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2190	+0.102%	$139K	$7K	3x	as long as short
BingX ARB-USDT	+0.0087%	8h	0.2189	+0.056%	—	$32.9M	—	as long as short
Bitget ARBUSDT	+0.0088%	8h	0.2189	+0.070%	$21.1M	$34.6M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2187	−0.040%	$1.3M	$5.3M	15x	as long as short
BloFin ARB-USDT	+0.0099%	8h	0.2187	−0.012%	$3.0M	$2.3M	75x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2191	+0.175%	$36.7M	$49.8M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2189	+0.088%	$627K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2189	+0.085%	$43K	$146K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2189	+0.079%	$19.5M	$13.8M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2181	−0.294%	$39K	$466K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2186	−0.086%	$464K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2184	−0.159%	$118K	$268K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2190	+0.129%	$73K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2192	+0.207%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2188	+0.033%	$293K	$836K	50x	as long as short
RISEx ARB/USDC	+0.0123%	1h	0.2190	+0.118%	$511K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0220%	1h	0.2191	+0.143%	$979K	$2.8M	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0277% / S −0.0160%	1h	0.2190	+0.117%	$830K	—	150x	as long as short
Reya ARBRUSDPERPlong	+0.0288%	1h	0.2187	long leg	$2K	$695	20x
Coinbase International ARB-PERP-INTX	+0.0336%	1h	0.2191	+0.161%	$514K	$1.5M	50x	as long as short