Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0121%/8h= −13.2% APRpaid last 24h −0.085%

Price spread now: Binance against RISEx−0.064%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$250.251% of the position

Long on RISEx Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.318%−$32 on $10k

Price spread, last 5 days (all we have)+0.158%+$16 · spread now −0.064%, 7d avg −0.031%

Together, before fees−0.161%−$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Binance is 0.033% cheaper against RISEx than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.031%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx ARB/USDC	0.2189	0.0123	pay 0.0015% / 1h	59m 29s	$511K	$2.7M	10x
Short	Binance ARBUSDT	0.2188	0.0002	get 0.0002% / 8h	7h 59m	$63.1M	$299.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against RISEx. 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 RISExbpFee BinancebpOrdersPrice spread, now −0.064%Rate

Funding earned: −$25.36
Price spread: −0.064% → −0.031%: −$3.32
Slippage, 4 orders: −$9.13
Fee RISEx: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$53.81
Costs to cover: 0.251%
Break-even: never at this rate

Slippage from RISEx: live order book, 4 min ago; Binance: live order book, 14 min ago.

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 RISEx live order book, 4 min ago	1.15 bp	5.5 bp −$6	18.0 bp −$180	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.23 bp	7.0 bp −$7	8.3 bp −$83	62.0 bp −$6,199	doesn't fit

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	−0.1612%	1h	0.2174	−0.683%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0128%	1h	0.2187	−0.089%	$7K	$236	10x	as long as short
OKX ARB-USDT-SWAP	−0.0070%	8h	0.2186	−0.121%	$22.0M	$144.9M	50x	as long as short
MEXC ARB_USDT	−0.0070%	8h	0.2188	−0.039%	$41.9M	$62.2M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0041%	8h	0.2186	−0.135%	$16K	$410K	10x	as long as short
SoDEX ARB-USD	−0.0020%	1h	0.2186	−0.116%	$9K	$2.2M	5x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2188	−0.057%	$65K	$4K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2187	−0.067%	$350K	$3.1M	25x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2188	−0.066%	$28K	$38K	25x	as long as short
Binance ARBUSDTshort	+0.0002%	8h	0.2188	−0.064%	$63.1M	$299.1M	75x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2188	−0.046%	$73K	—	150x	as long as short
Gate ARB_USDT	+0.0022%	8h	0.2188	−0.025%	$5.4M	$18.0M	60x	as long as short
Variational Omni ARB	+0.0029%	8h	0.2187	−0.105%	$1.8M	$3.0M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2188	−0.063%	$139K	$7K	3x	as long as short
Bitget ARBUSDT	+0.0087%	8h	0.2187	−0.089%	$21.1M	$34.6M	50x	as long as short
BingX ARB-USDT	+0.0087%	8h	0.2188	−0.030%	—	$32.9M	—	as long as short
Kraken Futures PF_ARBUSD	+0.0093%	1h	0.2187	−0.076%	$1.1M	$4.3M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2187	−0.089%	$1.3M	$5.3M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2188	−0.062%	$36.6M	$49.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2188	−0.025%	$626K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2189	−0.018%	$43K	$146K	10x	as long as short
Bybit ARBUSDT	+0.0100%	8h	0.2186	−0.116%	$53.2M	$125.9M	50x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2188	−0.030%	$19.5M	$13.9M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2181	−0.361%	$39K	$466K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2186	−0.154%	$464K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2184	−0.226%	$118K	$268K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2188	−0.043%	$73K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2189	+0.002%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2190	+0.071%	$293K	$836K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2187	−0.089%	$4.8M	$12.8M	50x	as long as short
BloFin ARB-USDT	+0.0120%	8h	0.2187	−0.103%	$3.0M	$2.3M	75x	as long as short
RISEx ARB/USDClong	+0.0123%	1h	0.2189	long leg	$511K	$2.7M	10x
GMX ARB/USD [ARB-USDC]	L +0.0277% / S −0.0160%	1h	0.2188	−0.061%	$829K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2185	−0.163%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0336%	1h	0.2190	+0.048%	$514K	$1.5M	50x	as long as short
Backpack ARB_USDC_PERP	+0.0405%	1h	0.2189	+0.016%	$979K	$2.8M	20x	as long as short