Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0270%/8h= −29.5% APRpaid last 24h −0.071%

Price spread now: Gate against Reya+0.044%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 Gate

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. Gate is 0.044% dearer against Reya than usual: you sell high and buy low (spread +0.044% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ARBRUSDPERP	0.2222	0.0291	pay 0.0036% / 1h	45m 20s	$2K	$695	20x
Short	Gate ARB_USDT	0.2223	0.0021	get 0.0021% / 8h	2h 45m	$5.5M	$21.5M	60x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.044%Rate

Funding earned: −$56.65
Price spread: +0.044% → 0.000%: $4.45
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$73.21
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Gate: live order book, 3 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 Gate live order book, 3 min ago	1.13 bp	17.0 bp −$17	25.0 bp −$250	107.5 bp −$10.7K	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	−0.1675%	1h	0.2210	−0.536%	$40K	$107K	12x	as long as short
01 Exchange ARBUSD	−0.0376%	1h	0.2221	−0.023%	$7K	$2K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0245%	1h	0.2220	−0.086%	$36K	$18K	25x	as long as short
Bybit ARBUSDT	−0.0236%	8h	0.2222	+0.022%	$57.5M	$135.5M	50x	as long as short
Variational Omni ARB	−0.0187%	8h	0.2221	−0.047%	$1.9M	$2.8M	—	as long as short
OKX ARB-USDT-SWAP	−0.0060%	8h	0.2218	−0.172%	$22.1M	$164.5M	50x	as long as short
MEXC ARB_USDT	−0.0060%	8h	0.2222	+0.004%	$37.3M	$63.1M	200x	as long as short
Kraken Futures PF_ARBUSD	−0.0054%	1h	0.2219	−0.133%	$1.1M	$5.3M	50x	as long as short
SoDEX ARB-USD	−0.0044%	1h	0.2218	−0.181%	$4K	$2.9M	5x	as long as short
ApeX Omni ARBUSDT	−0.0021%	1h	0.2220	−0.086%	$120K	$297K	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ARB_USDC	−0.0008%	8h	0.2220	−0.086%	$10K	$383K	10x	as long as short
Polymarket Perps ARB-USD	−0.0007%	1h	0.2222	+0.022%	$77K	$2.3M	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2225	+0.121%	$66K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2224	+0.081%	$55K	—	150x	as long as short
Binance ARBUSDT	+0.0006%	8h	0.2223	+0.035%	$63.3M	$326.0M	75x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2218	−0.179%	$353K	$2.5M	25x	as long as short
Gate ARB_USDTshort	+0.0021%	8h	0.2223	+0.044%	$5.5M	$21.5M	60x
BloFin ARB-USDT	+0.0023%	8h	0.2220	−0.073%	$3.0M	$3.3M	75x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2221	−0.037%	$145K	$12K	3x	as long as short
Bitget ARBUSDT	+0.0083%	8h	0.2218	−0.176%	$20.8M	$38.9M	50x	as long as short
BingX ARB-USDT	+0.0083%	8h	0.2223	+0.035%	—	$54.1M	—	as long as short
Lighter ARB	+0.0096%	1h	0.2224	+0.107%	$1.3M	$7.7M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2225	+0.121%	$39.8M	$53.1M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2224	+0.108%	$692K	$1.8M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2225	+0.134%	$46K	$207K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2224	+0.076%	$20.5M	$17.2M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2219	−0.121%	$38K	$451K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2220	−0.087%	$476K	$4.2M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2224	+0.094%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2218	−0.181%	$273K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2218	−0.176%	$5.3M	$13.8M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0275% / S −0.0168%	1h	0.2224	+0.079%	$815K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2221	−0.050%	$507K	$2.5M	50x	as long as short
Reya ARBRUSDPERPlong	+0.0291%	1h	0.2222	long leg	$2K	$695	20x
Backpack ARB_USDC_PERP	+0.0457%	1h	0.2225	+0.134%	$1.1M	$2.8M	20x	as long as short
RISEx ARB/USDC	+0.0546%	1h	0.2225	+0.137%	$488K	$2.9M	10x	as long as short