Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0190%/8h= +20.8% APRpaid last 24h +0.057%

Price spread now: Reya against SunX−0.033%50s7-day average — · you buy dearer than you sell

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

Long on SunX Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.033% cheaper against SunX than usual: you would sell low and buy high (spread −0.033% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 14 hours of funding at the current rate (+$6 a day). The two prices were read 50 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	SunX ARB-USDT	0.2212	0.0100	pay 0.0100% / 8h	6h 27m	$1K	$1.1M	30x
Short	Reya ARBRUSDPERP	0.2211	0.0290	get 0.0036% / 1h	27m 25s	$2K	$695	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.033%Rate

Funding earned: $39.85
Price spread: −0.033% → 0.000%: −$3.32
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: $22.54
Costs to cover: 0.140%
Break-even: 3.0 days

Slippage unknown: SunX: live order book, 6 min ago; Reya: 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, 6 min ago	24.76 bp	57.5 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	−0.407%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0248%	1h	0.2212	0.000%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0218%	1h	0.2212	+0.009%	$10K	$2.5M	5x	as long as short
Variational Omni ARB	−0.0172%	8h	0.2211	−0.049%	$1.9M	$2.9M	—	as long as short
OKX ARB-USDT-SWAP	−0.0117%	8h	0.2212	+0.009%	$22.3M	$156.6M	50x	as long as short
MEXC ARB_USDT	−0.0114%	8h	0.2212	−0.014%	$40.0M	$59.7M	200x	as long as short
Gate ARB_USDT	−0.0073%	8h	0.2212	+0.009%	$5.4M	$19.8M	60x	as long as short
Bybit ARBUSDT	−0.0072%	8h	0.2212	+0.005%	$56.7M	$129.0M	50x	as long as short
ApeX Omni ARBUSDT	−0.0069%	1h	0.2211	−0.045%	$119K	$293K	50x	as long as short
Orderly PERP_ARB_USDC	−0.0060%	8h	0.2212	0.000%	$13K	$382K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDT	−0.0002%	8h	0.2212	−0.005%	$64.5M	$318.1M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2214	+0.105%	$66K	$5K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2210	−0.105%	$353K	$2.5M	25x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2213	+0.068%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0011%	1h	0.2213	+0.051%	$10K	—	150x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2214	+0.082%	$140K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2212	+0.014%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2213	+0.045%	$38.4M	$51.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2212	+0.005%	$659K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2215	+0.127%	$42K	$186K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2213	+0.045%	$19.6M	$15.8M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2212	0.000%	$21.2M	$36.3M	50x	as long as short
BingX ARB-USDT	+0.0100%	8h	0.2212	−0.005%	—	$54.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2211	−0.066%	$40K	$460K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2212	+0.012%	$471K	$3.7M	10x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2213	+0.027%	$76K	$2.1M	10x	as long as short
SunX ARB-USDTlong	+0.0100%	8h	0.2212	long leg	$1K	$1.1M	30x
HTX ARB-USDT	+0.0100%	8h	0.2212	+0.014%	$297K	$1.0M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2212	0.000%	$5.0M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0240%	1h	0.2215	+0.136%	$507K	$2.1M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2214	+0.073%	$826K	—	150x	as long as short
Reya ARBRUSDPERPshort	+0.0290%	1h	0.2211	−0.033%	$2K	$695	20x
Kraken Futures PF_ARBUSD	+0.0312%	1h	0.2214	+0.068%	$1.1M	$4.7M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2214	+0.077%	$473K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0520%	1h	0.2216	+0.163%	$998K	$2.9M	20x	as long as short