Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0527%/8h= −57.7% APRpaid last 24h −0.073%

Price spread now: Orderly against RISEx−0.075%7-day average −0.021% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on RISEx Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.365%−$36 on $10k

Price spread, last 3 days (all we have)+0.471%+$47 · spread now −0.075%, 7d avg −0.021%

Together, before fees+0.106%+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Orderly is 0.054% cheaper against RISEx than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.021%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx ARB/USDC	0.2217	0.0466	pay 0.0058% / 1h	24m 03s	$478K	$2.7M	10x
Short	Orderly PERP_ARB_USDC	0.2215	−0.0061	pay 0.0061% / 8h	6h 24m	$12K	$382K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.075%Rate

Funding earned: −$110.64
Price spread: −0.075% → −0.021%: −$5.35
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$128
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 5 min ago; Orderly: no order-book sample. 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 RISEx live order book, 5 min ago	1.81 bp	4.8 bp −$5	17.1 bp −$171	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 35 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	−0.1692%	1h	0.2203	−0.616%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0240%	1h	0.2215	−0.084%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0227%	1h	0.2215	−0.070%	$10K	$2.5M	5x	as long as short
Variational Omni ARB	−0.0171%	8h	0.2211	−0.242%	$1.9M	$2.9M	—	as long as short
OKX ARB-USDT-SWAP	−0.0122%	8h	0.2223	+0.295%	$22.4M	$157.3M	50x	as long as short
MEXC ARB_USDT	−0.0119%	8h	0.2216	−0.011%	$39.5M	$60.1M	200x	as long as short
Gate ARB_USDT	−0.0086%	8h	0.2218	+0.052%	$5.4M	$19.9M	60x	as long as short
ApeX Omni ARBUSDT	−0.0069%	1h	0.2211	−0.255%	$119K	$293K	50x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0066%	1h	0.2216	−0.043%	$24K	$34K	25x	as long as short
Bybit ARBUSDT	−0.0064%	8h	0.2224	+0.322%	$56.9M	$129.0M	50x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ARB_USDCshort	−0.0061%	8h	0.2215	−0.075%	$12K	$382K	10x
Binance ARBUSDT	−0.0002%	8h	0.2223	+0.282%	$64.8M	$317.7M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2220	+0.134%	$66K	$5K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2214	−0.105%	$353K	$2.5M	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0011%	1h	0.2216	−0.010%	$10K	—	150x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2216	−0.023%	$141K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2216	−0.029%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2219	+0.106%	$38.9M	$51.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2218	+0.072%	$661K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2219	+0.084%	$42K	$186K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2216	−0.029%	$19.6M	$15.8M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2224	+0.331%	$21.3M	$36.5M	50x	as long as short
BingX ARB-USDC	+0.0100%	8h	0.2218	+0.065%	—	$6.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2211	−0.237%	$40K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2212	−0.226%	$471K	$3.7M	10x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2215	−0.075%	$76K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2219	+0.106%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2216	−0.020%	$297K	$997K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2215	−0.075%	$5.0M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0240%	1h	0.2223	+0.286%	$508K	$2.1M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2216	−0.007%	$827K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2214	−0.116%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0312%	1h	0.2216	−0.009%	$1.1M	$4.7M	50x	as long as short
RISEx ARB/USDClong	+0.0466%	1h	0.2217	long leg	$478K	$2.7M	10x
Backpack ARB_USDC_PERP	+0.0524%	1h	0.2220	+0.146%	$1.0M	$2.9M	20x	as long as short