Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0037%/8h= +4.0% APRpaid last 24h 0.000%

Price spread now: OKX against SoDEX+0.218%46s7-day average −0.039% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$280.281% of the position

Long on SoDEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.029%+$3 on $10k

Price spread, last 4 days (all we have)−0.700%−$70 · spread now +0.218%, 7d avg −0.039%

Together, before fees−0.671%−$67 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and OKX is 0.257% dearer against SoDEX than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of −0.039%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ARB-USD	0.2201	−0.0119	get 0.0015% / 1h	31m 33s	$9K	$2.2M	5x
Short	OKX ARB-USDT-SWAP	0.2206	−0.0082	pay 0.0082% / 8h	1h 31m	$22.1M	$146.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against SoDEX. 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 SoDEXbpFee OKXbpOrdersPrice spread, now +0.218%Rate

Funding earned: $7.77
Price spread: +0.218% → −0.039%: $25.72
Slippage, 4 orders: −$10.08
Fee SoDEX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: $5.4
Costs to cover: 0.281%
Break-even: 2.1 days

Slippage from SoDEX: live order book, 2 min ago; OKX: 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 SoDEX live order book, 2 min ago	0.23 bp	5.6 bp −$6	20.2 bp −$202	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.23 bp	9.2 bp −$9	21.3 bp −$213	doesn't fit	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	0.2194	−0.309%	$40K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0222%	1h	0.2205	+0.200%	$67K	$2.1M	10x	as long as short
SoDEX ARB-USDlong	−0.0119%	1h	0.2201	long leg	$9K	$2.2M	5x
01 Exchange ARBUSD	−0.0104%	1h	0.2205	+0.204%	$7K	$236	10x	as long as short
OKX ARB-USDT-SWAPshort	−0.0082%	8h	0.2206	+0.218%	$22.1M	$146.1M	50x
MEXC ARB_USDT	−0.0081%	8h	0.2205	+0.200%	$41.7M	$61.8M	200x	as long as short
Variational Omni ARB	−0.0062%	8h	0.2209	+0.385%	$1.8M	$3.0M	—	as long as short
Orderly PERP_ARB_USDC	−0.0042%	8h	0.2201	+0.009%	$13K	$406K	10x	as long as short
Bybit ARBUSDT	−0.0018%	8h	0.2205	+0.200%	$54.2M	$126.5M	50x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2207	+0.282%	$65K	$5K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2201	+0.014%	$28K	$38K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2202	+0.077%	$44K	—	150x	as long as short
Gate ARB_USDT	+0.0041%	8h	0.2206	+0.250%	$5.4M	$18.4M	60x	as long as short
RISEx ARB/USDC	+0.0056%	1h	0.2207	+0.268%	$456K	$2.6M	10x	as long as short
Bitget ARBUSDT	+0.0059%	8h	0.2206	+0.236%	$21.3M	$34.8M	50x	as long as short
Binance ARBUSDT	+0.0077%	8h	0.2206	+0.245%	$62.9M	$302.0M	75x	as long as short
Extended ARB-USD	+0.0080%	1h	0.2206	+0.246%	$352K	$2.8M	25x	as long as short
BingX ARB-USDT	+0.0083%	8h	0.2207	+0.259%	—	$53.1M	—	as long as short
Lighter ARB	+0.0096%	1h	0.2205	+0.177%	$1.2M	$5.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2208	+0.309%	$37.2M	$49.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2207	+0.288%	$633K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2206	+0.241%	$43K	$149K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2206	+0.241%	$19.6M	$14.3M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2202	+0.057%	$39K	$464K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2204	+0.145%	$479K	$3.7M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2204	+0.145%	$119K	$281K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2203	+0.100%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2201	+0.014%	$294K	$868K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2201	+0.009%	$4.9M	$12.9M	50x	as long as short
Aevo ARB-PERP	+0.0104%	1h	0.2202	+0.039%	$140K	$7K	3x	as long as short
BloFin ARB-USDT	+0.0203%	8h	0.2203	+0.086%	$3.0M	$2.3M	75x	as long as short
Kraken Futures PF_ARBUSD	+0.0231%	1h	0.2203	+0.108%	$1.1M	$4.5M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2202	+0.059%	$831K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2208	+0.341%	$526K	$1.6M	50x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2205	+0.198%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0612%	1h	0.2204	+0.164%	$990K	$2.8M	20x	as long as short