Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0125%/8h= +13.7% APRpaid last 24h +0.036%

Price spread now: RISEx against SunX−0.163%7-day average −0.058% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$182as in the Price arb table

costs, in and out, $10k−$1721.717% of the position

Long on SunX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.277%+$28 on $10k

Price spread, last 4 days (all we have)−0.990%−$99 · spread now −0.163%, 7d avg −0.058%

Together, before fees−0.713%−$71 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.104% cheaper against SunX than usual: you would sell low and buy high (spread −0.163% now, against its 7-day average of −0.058%). If the spread goes back, that is −$10 on $10k: about 2.8 days of funding at the current rate (+$4 a day). At the pace of the last 4 days (+0.277% in total) that is about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ARB-USDT	0.2215	0.0100	pay 0.0100% / 8h	4h 26m	$2K	$1.1M	30x
Short	RISEx ARB/USDC	0.2211	0.0225	get 0.0028% / 1h	26m 18s	$465K	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.163%Rate

Funding earned: $26.3
Price spread: −0.163% → −0.058%: −$10.41
Slippage, 4 orders: −$157.74
Fee SunX: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$155.85
Costs to cover: 1.717%
Break-even: 48.5 days

Slippage from SunX: live order book, 7 min ago; RISEx: live order book, 3 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 SunX live order book, 7 min ago	31.77 bp	61.5 bp −$62	doesn't fit	doesn't fit	doesn't fit
Sell RISEx live order book, 3 min ago	3.63 bp	6.9 bp −$7	29.6 bp −$296	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	−0.1649%	1h	0.2203	−0.542%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0168%	1h	0.2212	−0.153%	$7K	$2K	10x	as long as short
MEXC ARB_USDT	−0.0133%	8h	0.2213	−0.072%	$42.2M	$60.7M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0132%	8h	0.2213	−0.095%	$22.2M	$149.4M	50x	as long as short
Polymarket Perps ARB-USD	−0.0127%	1h	0.2211	−0.185%	$92K	$2.2M	10x	as long as short
Variational Omni ARB	−0.0107%	8h	0.2202	−0.575%	$1.8M	$2.9M	—	as long as short
Orderly PERP_ARB_USDC	−0.0074%	8h	0.2212	−0.135%	$12K	$395K	10x	as long as short
Gate ARB_USDT	−0.0063%	8h	0.2212	−0.153%	$5.3M	$18.8M	60x	as long as short
Bybit ARBUSDT	−0.0024%	8h	0.2213	−0.068%	$55.9M	$126.9M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0006%	1h	0.2213	−0.088%	$1.1M	$4.4M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2214	−0.064%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2213	−0.090%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2212	−0.115%	$32K	—	150x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2211	−0.179%	$352K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0017%	8h	0.2214	−0.061%	$64.4M	$307.8M	75x	as long as short
BingX ARB-USDT	+0.0066%	8h	0.2211	−0.172%	—	$53.9M	—	as long as short
Bitget ARBUSDT	+0.0067%	8h	0.2214	−0.045%	$21.0M	$34.9M	50x	as long as short
BloFin ARB-USDT	+0.0069%	8h	0.2209	−0.253%	$3.1M	$2.6M	75x	as long as short
SoDEX ARB-USD	+0.0070%	1h	0.2213	−0.113%	$10K	$2.3M	5x	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2213	−0.094%	$140K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2212	−0.122%	$1.2M	$5.7M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2213	−0.081%	$38.0M	$48.9M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2211	−0.190%	$636K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2212	−0.147%	$43K	$169K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2213	−0.086%	$19.6M	$15.0M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2203	−0.553%	$40K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2204	−0.497%	$477K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2215	0.000%	$119K	$284K	50x	as long as short
SunX ARB-USDTlong	+0.0100%	8h	0.2215	long leg	$2K	$1.1M	30x
HTX ARB-USDT	+0.0100%	8h	0.2213	−0.077%	$300K	$952K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2213	−0.090%	$5.0M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2216	+0.032%	$494K	$2.0M	50x	as long as short
RISEx ARB/USDCshort	+0.0225%	1h	0.2211	−0.163%	$465K	$2.6M	10x
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0159%	1h	0.2212	−0.123%	$834K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2211	−0.192%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0633%	1h	0.2213	−0.086%	$997K	$2.8M	20x	as long as short