Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0503%/8h= −55.1% APRpaid last 24h −0.021%

Price spread now: Bybit against RISEx−0.041%7-day average −0.063% · 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−$27as in the Price arb table

costs, in and out, $10k−$300.295% of the position

Long on RISEx Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.273%−$27 on $10k

Price spread, last 5 days (all we have)+0.086%+$9 · spread now −0.041%, 7d avg −0.063%

Together, before fees−0.187%−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.023% dearer against RISEx than usual: you sell high and buy low (spread −0.041% now, against its 7-day average of −0.063%): +$2 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx ARB/USDC	0.2242	0.0363	pay 0.0045% / 1h	36m 57s	$494K	$2.7M	10x
Short	Bybit ARBUSDT	0.2241	−0.0140	pay 0.0140% / 8h	1h 36m	$57.8M	$135.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.041%Rate

Funding earned: −$105.59
Price spread: −0.041% → −0.063%: $2.27
Slippage, 4 orders: −$12.51
Fee RISEx: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$132.82
Costs to cover: 0.295%
Break-even: never at this rate

Slippage from RISEx: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago	2.45 bp	5.5 bp −$5	16.5 bp −$165	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.22 bp	9.9 bp −$10	18.7 bp −$187	48.4 bp −$4,843	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	−0.1770%	1h	0.2225	−0.737%	$40K	$283K	12x	as long as short
01 Exchange ARBUSD	−0.0224%	1h	0.2239	−0.108%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0162%	8h	0.2236	−0.228%	$1.9M	$2.8M	—	as long as short
Bybit ARBUSDTshort	−0.0140%	8h	0.2241	−0.041%	$57.8M	$135.3M	50x
OKX ARB-USDT-SWAP	−0.0100%	8h	0.2241	−0.027%	$22.4M	$163.1M	50x	as long as short
MEXC ARB_USDT	−0.0099%	8h	0.2241	−0.018%	$37.5M	$62.4M	200x	as long as short
SoDEX ARB-USD	−0.0065%	1h	0.2240	−0.067%	$4K	$2.8M	5x	as long as short
Polymarket Perps ARB-USD	−0.0053%	1h	0.2239	−0.099%	$76K	$2.1M	10x	as long as short
Orderly PERP_ARB_USDC	−0.0027%	8h	0.2239	−0.112%	$10K	$393K	10x	as long as short
Extended ARB-USD	−0.0008%	1h	0.2240	−0.069%	$356K	$2.4M	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDT	−0.0007%	8h	0.2241	−0.023%	$64.0M	$322.3M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2242	+0.021%	$66K	$4K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2241	−0.036%	$26K	$32K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2241	−0.039%	$56K	—	150x	as long as short
Gate ARB_USDT	+0.0030%	8h	0.2242	+0.008%	$5.5M	$20.7M	60x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2241	−0.025%	$147K	$12K	3x	as long as short
BingX ARB-USDC	+0.0081%	8h	0.2241	−0.023%	—	$6.5M	—	as long as short
Bitget ARBUSDT	+0.0084%	8h	0.2241	−0.023%	$21.0M	$37.9M	50x	as long as short
Kraken Futures PF_ARBUSD	+0.0085%	1h	0.2243	+0.048%	$1.1M	$5.2M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2241	−0.005%	$1.3M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2244	+0.124%	$40.0M	$50.9M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2242	+0.007%	$697K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2242	+0.011%	$45K	$197K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2241	0.000%	$20.6M	$16.8M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2237	−0.186%	$40K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2237	−0.186%	$481K	$4.0M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2237	−0.201%	$121K	$294K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2241	−0.023%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2242	+0.013%	$277K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2239	−0.112%	$5.2M	$13.5M	50x	as long as short
BloFin ARB-USDT	+0.0113%	8h	0.2240	−0.085%	$3.0M	$3.3M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0264%	1h	0.2243	+0.066%	$509K	$2.3M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0275% / S −0.0158%	1h	0.2241	−0.018%	$841K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0291%	1h	0.2238	−0.141%	$2K	$695	20x	as long as short
RISEx ARB/USDClong	+0.0363%	1h	0.2242	long leg	$494K	$2.7M	10x
Backpack ARB_USDC_PERP	+0.0640%	1h	0.2245	+0.142%	$1.1M	$2.7M	20x	as long as short