Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0082%/8h= +9.0% APRpaid last 24h −0.003%

Price spread now: Orderly against SoDEX+0.062%7-day average +0.013% · you sell dearer than you buy

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

Long on SoDEX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 3 days (all we have)+0.009%+$1 · spread now +0.062%, 7d avg +0.013%

Together, before fees+0.009%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.049% dearer against SoDEX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ARB-USD	0.2244	−0.0097	get 0.0012% / 1h	24m 40s	$4K	$2.9M	5x
Short	Orderly PERP_ARB_USDC	0.2245	−0.0015	pay 0.0015% / 8h	2h 24m	$11K	$388K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.062%Rate

Funding earned: $17.21
Price spread: +0.062% → +0.013%: $4.89
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: $8.1
Costs to cover: 0.140%
Break-even: 3.7 days

Slippage unknown: SoDEX: live order book, 4 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 SoDEX live order book, 4 min ago	0.22 bp	5.3 bp −$5	18.5 bp −$185	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 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	−0.1675%	1h	0.2239	−0.205%	$40K	$197K	12x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0329%	1h	0.2246	+0.089%	$38K	$20K	25x	as long as short
01 Exchange ARBUSD	−0.0288%	1h	0.2246	+0.098%	$7K	$2K	10x	as long as short
Bybit ARBUSDT	−0.0171%	8h	0.2243	−0.018%	$56.4M	$136.0M	50x	as long as short
Variational Omni ARB	−0.0169%	8h	0.2250	+0.286%	$1.9M	$2.8M	—	as long as short
SoDEX ARB-USDlong	−0.0097%	1h	0.2244	long leg	$4K	$2.9M	5x
OKX ARB-USDT-SWAP	−0.0092%	8h	0.2242	−0.085%	$22.3M	$165.6M	50x	as long as short
MEXC ARB_USDT	−0.0091%	8h	0.2243	−0.045%	$37.5M	$63.6M	200x	as long as short
Kraken Futures PF_ARBUSD	−0.0053%	1h	0.2246	+0.092%	$1.1M	$5.2M	50x	as long as short
Orderly PERP_ARB_USDCshort	−0.0015%	8h	0.2245	+0.062%	$11K	$388K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps ARB-USD	−0.0012%	1h	0.2246	+0.111%	$77K	$2.2M	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2245	+0.060%	$66K	$4K	10x	as long as short
Binance ARBUSDT	0.0000%	8h	0.2243	−0.039%	$63.8M	$324.9M	75x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2247	+0.138%	$56K	—	150x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2243	−0.012%	$358K	$2.4M	25x	as long as short
Gate ARB_USDT	+0.0015%	8h	0.2246	+0.098%	$5.5M	$21.6M	60x	as long as short
BloFin ARB-USDT	+0.0020%	8h	0.2244	0.000%	$3.0M	$3.3M	75x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2246	+0.106%	$147K	$12K	3x	as long as short
BingX ARB-USDT	+0.0085%	8h	0.2243	−0.036%	—	$54.0M	—	as long as short
Bitget ARBUSDT	+0.0086%	8h	0.2242	−0.071%	$21.0M	$38.4M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2245	+0.071%	$1.3M	$7.7M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2247	+0.152%	$40.2M	$52.8M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2245	+0.050%	$698K	$1.8M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2245	+0.077%	$47K	$200K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2246	+0.111%	$20.8M	$17.0M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2250	+0.275%	$40K	$454K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2250	+0.286%	$485K	$4.1M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2251	+0.330%	$122K	$297K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2245	+0.062%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2245	+0.058%	$276K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2245	+0.062%	$5.3M	$13.8M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0154% / S −0.0018%	1h	0.2246	+0.099%	$851K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2252	+0.392%	$502K	$2.5M	50x	as long as short
Reya ARBRUSDPERP	+0.0291%	1h	0.2244	+0.038%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0546%	1h	0.2249	+0.238%	$495K	$2.9M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0577%	1h	0.2248	+0.201%	$1.1M	$2.7M	20x	as long as short