Funding you earn now, next payment 00:00 UTC+0.0262%/8h= +28.6% APRpaid last 24h +0.007%
Price spread now: edgeX against Variational Omni−0.120%119s7-day average +0.004% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.022%+$2 on $10k
+Price spread, last 3 days (all we have)+0.258%+$26 · spread now −0.120%, 7d avg +0.004%
=Together, before fees+0.281%+ Points / potential airdropVariational Omni: Active · edgeX: Active · farm board+$28 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.124% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.120% now, against its 7-day average of +0.004%). If the spread goes back, that is −$12 on $10k: about 38 hours of funding at the current rate (+$8 a day). At the pace of the last 3 days (+0.022% in total) that is about 18 days. The two prices were read 119 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.022% in total (about 2.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ARB | 0.2236 | −0.0162 | get 0.0162% / 8h | 1h 39m | $1.9M | $2.8M | — |
| Short | edgeX ARBUSDC | 0.2234 | 0.0100 | get 0.0050% / 4h | 1h 39m | $36K | $457K | 20x |
Variational Omni ARB
edgeX ARBUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Variational Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $54.93
- Price spread: −0.120% → +0.004%
- −$12.43
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $33.5
- Costs to cover
- 0.090%
- Break-even
- 2.7 days
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; edgeX: live order book, 44 min ago. 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 Variational Omni RFQ quote, 5 min ago | 6.72 bp | doesn't fit | 11.2 bp −$112 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 44 min ago | 13.39 bp | 19.7 bp −$20 | 105.4 bp −$1,054 | 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 | −0.1770% | 1h | 0.2226 | −0.465% | $40K | $283K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0224% | 1h | 0.2237 | +0.036% | $7K | $2K | 10x | as long as short |
| Variational Omni ARBlong | −0.0162% | 8h | 0.2236 | long leg | $1.9M | $2.8M | — | |
| Bybit ARBUSDT | −0.0139% | 8h | 0.2236 | −0.031% | $57.6M | $135.7M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0102% | 8h | 0.2237 | +0.018% | $22.3M | $163.4M | 50x | as long as short |
| MEXC ARB_USDT | −0.0101% | 8h | 0.2236 | −0.009% | $37.4M | $62.4M | 200x | as long as short |
| SoDEX ARB-USD | −0.0074% | 1h | 0.2238 | +0.063% | $4K | $2.8M | 5x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0063% | 1h | 0.2239 | +0.121% | $26K | $32K | 25x | as long as short |
| Polymarket Perps ARB-USD | −0.0055% | 1h | 0.2238 | +0.090% | $76K | $2.2M | 10x | as long as short |
| Orderly PERP_ARB_USDC | −0.0026% | 8h | 0.2238 | +0.072% | $10K | $394K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Bybit ARBUSDT
OKX ARB-USDT-SWAP
MEXC ARB_USDT
SoDEX ARB-USD
Deribit ARB_USDC-PERPETUAL
Polymarket Perps ARB-USD
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDT | −0.0011% | 8h | 0.2236 | 0.000% | $63.8M | $322.6M | 75x | as long as short |
| Extended ARB-USD | −0.0008% | 1h | 0.2236 | −0.004% | $355K | $2.4M | 25x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2238 | +0.058% | $66K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2240 | +0.152% | $56K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0026% | 8h | 0.2237 | +0.036% | $5.5M | $20.7M | 60x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2240 | +0.156% | $146K | $12K | 3x | as long as short |
| BingX ARB-USDT | +0.0081% | 8h | 0.2237 | +0.014% | — | $53.6M | — | as long as short |
| Bitget ARBUSDT | +0.0082% | 8h | 0.2236 | −0.018% | $21.0M | $38.0M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0085% | 1h | 0.2240 | +0.175% | $1.1M | $5.2M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2238 | +0.058% | $1.3M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2239 | +0.126% | $39.9M | $50.9M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2237 | +0.025% | $695K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2238 | +0.066% | $45K | $197K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2238 | +0.054% | $20.6M | $16.8M | 75x | as long as short |
| edgeX ARBUSDCshort | +0.0100% | 4h | 0.2234 | −0.120% | $36K | $457K | 20x | |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2232 | −0.196% | $480K | $4.0M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2232 | −0.196% | $121K | $294K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2240 | +0.161% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2238 | +0.094% | $276K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2238 | +0.072% | $5.2M | $13.5M | 50x | as long as short |
| BloFin ARB-USDT | +0.0109% | 8h | 0.2235 | −0.080% | $3.0M | $3.3M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0264% | 1h | 0.2241 | +0.206% | $508K | $2.4M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0274% / S −0.0157% | 1h | 0.2240 | +0.171% | $838K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2238 | +0.076% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0363% | 1h | 0.2240 | +0.143% | $494K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0629% | 1h | 0.2242 | +0.260% | $1.1M | $2.7M | 20x | as long as short |
Binance ARBUSDT
Extended ARB-USD
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Aevo ARB-PERP
BingX ARB-USDT
Bitget ARBUSDT
Kraken Futures PF_ARBUSD
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP