Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0188%/8h= −20.6% APRpaid last 24h −0.057%

Price spread now: HTX against Reya+0.100%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 HTX

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. HTX is 0.100% dearer against Reya than usual: you sell high and buy low (spread +0.100% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ARBRUSDPERP	0.2212	0.0288	pay 0.0036% / 1h	0m 26s	$2K	$695	20x
Short	HTX ARB-USDT	0.2214	0.0100	get 0.0100% / 8h	7h 00m	$297K	$819K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.100%Rate

Funding earned: −$39.49
Price spread: +0.100% → 0.000%: $9.99
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$47.5
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; HTX: live order book, 53 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 HTX live order book, 53 min ago	7.53 bp	20.1 bp −$20	doesn't fit	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	−0.1605%	1h	0.2222	+0.462%	$40K	$372K	12x	as long as short
Kraken Futures PF_ARBUSD	−0.0167%	1h	0.2215	+0.146%	$1.1M	$4.3M	50x	as long as short
SoDEX ARB-USD	−0.0122%	1h	0.2213	+0.041%	$9K	$2.2M	5x	as long as short
OKX ARB-USDT-SWAP	−0.0116%	8h	0.2208	−0.153%	$22.5M	$146.8M	50x	as long as short
MEXC ARB_USDT	−0.0116%	8h	0.2209	−0.113%	$43.6M	$64.2M	200x	as long as short
01 Exchange ARBUSD	−0.0072%	1h	0.2210	−0.090%	$7K	$458	10x	as long as short
Gate ARB_USDT	−0.0042%	8h	0.2210	−0.063%	$5.4M	$18.5M	60x	as long as short
Orderly PERP_ARB_USDC	−0.0033%	8h	0.2210	−0.081%	$16K	$411K	10x	as long as short
Bybit ARBUSDT	−0.0015%	8h	0.2210	−0.090%	$54.2M	$124.4M	50x	as long as short
Phemex ARBUSDT	−0.0008%	8h	0.2214	+0.100%	$4.9M	$12.7M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2211	−0.055%	$64K	$4K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2216	+0.177%	$28K	$37K	25x	as long as short
Binance ARBUSDT	+0.0004%	8h	0.2210	−0.095%	$63.9M	$297.7M	75x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2211	−0.036%	$73K	—	150x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2210	−0.097%	$366K	$3.0M	25x	as long as short
BloFin ARB-USDT	+0.0021%	8h	0.2215	+0.127%	$3.0M	$2.4M	75x	as long as short
Variational Omni ARB	+0.0024%	8h	0.2210	−0.093%	$1.8M	$3.0M	—	as long as short
BingX ARB-USDC	+0.0052%	8h	0.2208	−0.162%	—	$6.5M	—	as long as short
Bitget ARBUSDT	+0.0055%	8h	0.2209	−0.126%	$21.2M	$34.7M	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2216	+0.190%	$141K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2210	−0.090%	$1.2M	$5.7M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2212	+0.014%	$35.9M	$51.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2213	+0.036%	$635K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2211	−0.033%	$44K	$143K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2210	−0.058%	$19.2M	$13.9M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2214	+0.121%	$40K	$467K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2215	+0.141%	$474K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2215	+0.145%	$120K	$290K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2211	−0.040%	$74K	$2.0M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2217	+0.235%	$2K	$1.1M	30x	as long as short
HTX ARB-USDTshort	+0.0100%	8h	0.2214	+0.100%	$297K	$819K	50x
RISEx ARB/USDC	+0.0123%	1h	0.2212	+0.030%	$544K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0159%	1h	0.2216	+0.180%	$838K	—	150x	as long as short
Reya ARBRUSDPERPlong	+0.0288%	1h	0.2212	long leg	$2K	$695	20x
Backpack ARB_USDC_PERP	+0.0298%	1h	0.2214	+0.113%	$989K	$2.8M	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0336%	1h	0.2221	+0.434%	$532K	$1.6M	50x	as long as short