Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against SunX+0.116%7-day average — · you sell dearer than you buy

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

Long on SunX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.116% dearer against SunX than usual: you sell high and buy low (spread +0.116% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ARB-USDT	0.2268	0.0100	pay 0.0100% / 8h	55m 37s	$2K	$1.1M	30x
Short	dYdX ARB-USD	0.2271	0	get 0.0000% / 1h	55m 37s	$67K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against SunX. 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 SunXbpFee dYdXbpOrdersPrice spread, now +0.116%Rate

Funding earned: −$21
Price spread: +0.116% → 0.000%: $11.63
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$27.37
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 8 min ago; dYdX: 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 SunX live order book, 8 min ago	30.99 bp	63.3 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	−0.1785%	1h	0.2253	−0.661%	$41K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0238%	1h	0.2264	−0.159%	$77K	$2.0M	10x	as long as short
01 Exchange ARBUSD	−0.0208%	1h	0.2265	−0.132%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0176%	8h	0.2256	−0.514%	$1.9M	$2.7M	—	as long as short
Bybit ARBUSDT	−0.0161%	8h	0.2269	+0.057%	$58.7M	$130.0M	50x	as long as short
SoDEX ARB-USD	−0.0138%	1h	0.2266	−0.071%	$4K	$2.7M	5x	as long as short
OKX ARB-USDT-SWAP	−0.0104%	8h	0.2268	+0.018%	$22.8M	$160.0M	50x	as long as short
MEXC ARB_USDT	−0.0103%	8h	0.2269	+0.057%	$37.8M	$59.0M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0040%	8h	0.2266	−0.088%	$12K	$397K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0015%	1h	0.2267	−0.044%	$26K	$32K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USDshort	0.0000%	1h	0.2271	+0.116%	$67K	$4K	10x
Extended ARB-USD	0.0000%	1h	0.2269	+0.046%	$360K	$2.3M	25x	as long as short
Binance ARBUSDT	0.0000%	8h	0.2270	+0.071%	$65.3M	$313.3M	75x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2267	−0.061%	$57K	—	150x	as long as short
Gate ARB_USDT	+0.0035%	8h	0.2271	+0.128%	$5.5M	$19.9M	60x	as long as short
BloFin ARB-USDT	+0.0042%	8h	0.2266	−0.097%	$3.1M	$3.3M	75x	as long as short
Bitget ARBUSDT	+0.0066%	8h	0.2269	+0.044%	$21.5M	$36.7M	50x	as long as short
BingX ARB-USDC	+0.0066%	8h	0.2268	0.000%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2268	−0.013%	$148K	$12K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2271	+0.128%	$1.4M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2272	+0.163%	$41.0M	$48.8M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2269	+0.024%	$706K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2271	+0.132%	$47K	$193K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2269	+0.062%	$20.4M	$16.3M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2257	−0.479%	$40K	$460K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2258	−0.441%	$491K	$3.7M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2259	−0.397%	$122K	$295K	50x	as long as short
SunX ARB-USDTlong	+0.0100%	8h	0.2268	long leg	$2K	$1.1M	30x
HTX ARB-USDT	+0.0100%	8h	0.2265	−0.150%	$283K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2266	−0.088%	$5.2M	$13.2M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0216%	1h	0.2268	0.000%	$511K	$2.3M	50x	as long as short
Kraken Futures PF_ARBUSD	+0.0236%	1h	0.2268	−0.016%	$1.2M	$4.9M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0274% / S −0.0157%	1h	0.2267	−0.051%	$849K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2264	−0.161%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0330%	1h	0.2272	+0.188%	$502K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0413%	1h	0.2271	+0.123%	$890K	$2.8M	20x	as long as short