Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h −0.064%

Price spread now: Bitget against RISEx−0.028%7-day average −0.062% · 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−$29as in the Price arb table

costs, in and out, $10k−$330.326% of the position

Long on RISEx Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.296%−$30 on $10k

Price spread, last 5 days (all we have)+0.110%+$11 · spread now −0.028%, 7d avg −0.062%

Together, before fees−0.186%−$19 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.034% dearer against RISEx than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx ARB/USDC	0.2213	0.0056	pay 0.0007% / 1h	38m 57s	$463K	$2.6M	10x
Short	Bitget ARBUSDT	0.2212	0.0057	get 0.0057% / 8h	1h 38m	$21.2M	$34.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.028%Rate

Funding earned: $0.24
Price spread: −0.028% → −0.062%: $3.4
Slippage, 4 orders: −$14.61
Fee RISEx: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$28.96
Costs to cover: 0.326%
Break-even: 847.1 days

Slippage from RISEx: live order book, 5 min ago; Bitget: live order book, 5 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, 5 min ago	1.58 bp	4.6 bp −$5	19.3 bp −$193	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	2.26 bp	11.0 bp −$11	18.4 bp −$184	93.1 bp −$9,308	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	−0.1592%	1h	0.2202	−0.480%	$40K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0223%	1h	0.2212	−0.037%	$67K	$2.1M	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0157%	1h	0.2212	−0.010%	$28K	$38K	25x	as long as short
SoDEX ARB-USD	−0.0103%	1h	0.2212	−0.046%	$9K	$2.2M	5x	as long as short
OKX ARB-USDT-SWAP	−0.0081%	8h	0.2211	−0.077%	$22.2M	$146.7M	50x	as long as short
MEXC ARB_USDT	−0.0078%	8h	0.2210	−0.123%	$42.1M	$61.7M	200x	as long as short
01 Exchange ARBUSD	−0.0072%	1h	0.2212	−0.028%	$7K	$236	10x	as long as short
Variational Omni ARB	−0.0064%	8h	0.2212	−0.011%	$1.8M	$3.0M	—	as long as short
Orderly PERP_ARB_USDC	−0.0043%	8h	0.2212	−0.028%	$12K	$406K	10x	as long as short
Bybit ARBUSDT	−0.0018%	8h	0.2212	−0.050%	$54.4M	$126.5M	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	0.2213	+0.002%	$65K	$5K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2213	+0.038%	$44K	—	150x	as long as short
Gate ARB_USDT	+0.0049%	8h	0.2212	−0.037%	$5.4M	$18.3M	60x	as long as short
RISEx ARB/USDClong	+0.0056%	1h	0.2213	long leg	$463K	$2.6M	10x
Bitget ARBUSDTshort	+0.0057%	8h	0.2212	−0.028%	$21.2M	$34.8M	50x
Extended ARB-USD	+0.0088%	1h	0.2211	−0.093%	$352K	$2.8M	25x	as long as short
Binance ARBUSDT	+0.0092%	8h	0.2211	−0.059%	$63.2M	$301.9M	75x	as long as short
BingX ARB-USDC	+0.0095%	8h	0.2212	−0.028%	—	$6.5M	—	as long as short
Lighter ARB	+0.0096%	1h	0.2212	−0.032%	$1.3M	$5.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2213	+0.040%	$37.4M	$49.3M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2214	+0.062%	$635K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2212	−0.009%	$43K	$149K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2212	−0.014%	$19.7M	$14.3M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2213	+0.028%	$39K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2215	+0.108%	$481K	$3.7M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2214	+0.063%	$119K	$282K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2214	+0.063%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2213	−0.001%	$295K	$872K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2212	−0.028%	$5.0M	$12.8M	50x	as long as short
Aevo ARB-PERP	+0.0104%	1h	0.2213	+0.012%	$140K	$7K	3x	as long as short
BloFin ARB-USDT	+0.0212%	8h	0.2212	−0.046%	$3.0M	$2.3M	75x	as long as short
Kraken Futures PF_ARBUSD	+0.0230%	1h	0.2214	+0.051%	$1.1M	$4.5M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2213	+0.008%	$835K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2221	+0.370%	$520K	$1.6M	50x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2211	−0.051%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0638%	1h	0.2215	+0.090%	$993K	$2.8M	20x	as long as short