Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0191%/8h= −20.9% APRpaid last 24h −0.056%

Price spread now: KuCoin against Reya+0.099%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 KuCoin

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. KuCoin is 0.099% dearer against Reya than usual: you sell high and buy low (spread +0.099% 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	0.2226	0.0291	pay 0.0036% / 1h	7m 30s	$2K	$695	20x
Short	KuCoin ARBUSDTM	0.2228	0.0100	get 0.0100% / 8h	2h 07m	$20.5M	$16.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.099%Rate

Funding earned: −$40.03
Price spread: +0.099% → 0.000%: $9.89
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$48.14
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; KuCoin: live order book, 11 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 KuCoin live order book, 11 min ago	2.90 bp	11.2 bp −$11	34.7 bp −$347	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	−0.1675%	1h	0.2218	−0.364%	$40K	$197K	12x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0288%	1h	0.2231	+0.225%	$38K	$20K	25x	as long as short
01 Exchange ARBUSD	−0.0272%	1h	0.2226	−0.022%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0159%	8h	0.2225	−0.036%	$1.9M	$2.8M	—	as long as short
Bybit ARBUSDT	−0.0137%	8h	0.2227	+0.050%	$56.2M	$135.7M	50x	as long as short
SoDEX ARB-USD	−0.0127%	1h	0.2229	+0.144%	$4K	$2.9M	5x	as long as short
OKX ARB-USDT-SWAP	−0.0110%	8h	0.2226	0.000%	$22.2M	$163.8M	50x	as long as short
MEXC ARB_USDT	−0.0108%	8h	0.2228	+0.063%	$36.9M	$63.9M	200x	as long as short
Polymarket Perps ARB-USD	−0.0064%	1h	0.2226	+0.018%	$77K	$2.2M	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0053%	1h	0.2232	+0.257%	$1.1M	$5.3M	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	−0.0021%	8h	0.2231	+0.220%	$10K	$389K	10x	as long as short
Binance ARBUSDT	−0.0021%	8h	0.2227	+0.024%	$63.4M	$324.6M	75x	as long as short
Extended ARB-USD	−0.0016%	1h	0.2226	−0.004%	$355K	$2.4M	25x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2230	+0.174%	$66K	$4K	10x	as long as short
Gate ARB_USDT	+0.0002%	8h	0.2228	+0.067%	$5.5M	$21.6M	60x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2233	+0.288%	$57K	—	150x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2232	+0.266%	$146K	$12K	3x	as long as short
Bitget ARBUSDT	+0.0089%	8h	0.2226	−0.004%	$20.9M	$38.2M	50x	as long as short
BingX ARB-USDC	+0.0089%	8h	0.2230	+0.189%	—	$6.5M	—	as long as short
Lighter ARB	+0.0096%	1h	0.2229	+0.117%	$1.3M	$7.8M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2230	+0.153%	$39.7M	$52.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2231	+0.210%	$692K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2230	+0.162%	$45K	$200K	10x	as long as short
KuCoin ARBUSDTMshort	+0.0100%	8h	0.2228	+0.099%	$20.5M	$16.9M	75x
edgeX ARBUSDC	+0.0100%	4h	0.2231	+0.211%	$36K	$459K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2231	+0.221%	$483K	$4.1M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2230	+0.175%	$121K	$297K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2232	+0.265%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2230	+0.175%	$274K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2231	+0.220%	$5.2M	$13.7M	50x	as long as short
BloFin ARB-USDT	+0.0103%	8h	0.2232	+0.265%	$3.0M	$3.3M	75x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0153% / S −0.0018%	1h	0.2232	+0.275%	$846K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2249	+1.029%	$504K	$2.5M	50x	as long as short
Reya ARBRUSDPERPlong	+0.0291%	1h	0.2226	long leg	$2K	$695	20x
RISEx ARB/USDC	+0.0546%	1h	0.2229	+0.133%	$494K	$2.8M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0554%	1h	0.2234	+0.342%	$1.1M	$2.7M	20x	as long as short