Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0415%/8h= −45.4% APRpaid last 24h −0.089%

Price spread now: Variational Omni against Reya+0.616%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 Variational Omni

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 · Variational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.616% dearer against Reya than usual: you sell high and buy low (spread +0.616% now, against zero (this spread has no 7-day history yet)): +$62 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 5.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ARBRUSDPERP	0.2194	0.0289	pay 0.0036% / 1h	51m 56s	$2K	$695	20x
Short	Variational Omni ARB	0.2208	−0.0125	pay 0.0125% / 8h	4h 51m	$1.8M	$2.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.616%Rate

Funding earned: −$87.05
Price spread: +0.616% → 0.000%: $61.6
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$31.45
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Variational Omni: RFQ quote, 2 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 Variational Omni RFQ quote, 2 min ago	4.53 bp	doesn't fit	22.7 bp −$227	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	−0.1649%	1h	0.2196	+0.083%	$40K	$372K	12x	as long as short
MEXC ARB_USDT	−0.0140%	8h	0.2194	+0.011%	$40.7M	$59.5M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0140%	8h	0.2193	−0.044%	$22.1M	$147.6M	50x	as long as short
Variational Omni ARBshort	−0.0125%	8h	0.2208	+0.616%	$1.8M	$2.9M	—
01 Exchange ARBUSD	−0.0120%	1h	0.2193	−0.062%	$7K	$2K	10x	as long as short
Polymarket Perps ARB-USD	−0.0117%	1h	0.2194	−0.021%	$70K	$2.2M	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0114%	1h	0.2194	+0.001%	$24K	$34K	25x	as long as short
Gate ARB_USDT	−0.0106%	8h	0.2193	−0.035%	$5.3M	$18.6M	60x	as long as short
SoDEX ARB-USD	−0.0089%	1h	0.2194	−0.021%	$10K	$2.3M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0078%	8h	0.2194	−0.008%	$13K	$388K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ARBUSDT	−0.0050%	8h	0.2193	−0.072%	$55.6M	$125.9M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0006%	1h	0.2194	+0.007%	$1.1M	$4.4M	50x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2194	−0.012%	$65K	$5K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2194	+0.011%	$32K	—	150x	as long as short
Binance ARBUSDT	+0.0013%	8h	0.2193	−0.044%	$64.0M	$306.7M	75x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2194	−0.028%	$349K	$2.5M	25x	as long as short
ApeX Omni ARBUSDT	+0.0046%	1h	0.2199	+0.220%	$119K	$283K	50x	as long as short
BloFin ARB-USDT	+0.0055%	8h	0.2203	+0.425%	$3.1M	$2.6M	75x	as long as short
Bitget ARBUSDT	+0.0066%	8h	0.2195	+0.038%	$20.9M	$34.6M	50x	as long as short
BingX ARB-USDC	+0.0070%	8h	0.2193	−0.049%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2196	+0.067%	$139K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2194	+0.011%	$1.2M	$5.7M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2195	+0.015%	$37.9M	$48.6M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2195	+0.047%	$634K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2196	+0.093%	$43K	$169K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2195	+0.020%	$19.4M	$15.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2206	+0.559%	$40K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2197	+0.143%	$467K	$3.6M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2196	+0.083%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2195	+0.042%	$298K	$956K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2195	+0.038%	$4.9M	$12.9M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2198	+0.152%	$492K	$2.0M	50x	as long as short
RISEx ARB/USDC	+0.0225%	1h	0.2195	+0.016%	$478K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2195	+0.030%	$819K	—	150x	as long as short
Reya ARBRUSDPERPlong	+0.0289%	1h	0.2194	long leg	$2K	$695	20x
Backpack ARB_USDC_PERP	+0.0565%	1h	0.2197	+0.111%	$992K	$2.8M	20x	as long as short