Funding you earn now, next payment 00:00 UTC+0.0136%/8h= +14.9% APRnext payment +$1.36 per $10,000 · paid last 24h −0.043%
Price spread now: Orderly against Variational Omni+0.339%7-day average +0.013% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.063%−$6 on $10k
+Price spread, last 3 days (all we have)+0.437%+$44 · spread now +0.339%, 7d avg +0.013%
=Together, before fees+0.374%+ Points / potential airdropVariational Omni: Active · farm board+$37 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Orderly is 0.326% dearer against Variational Omni than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of +0.013%. Mind the row above: over the last 3 days funding on this pair cost −0.063%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ARB | 0.2256 | −0.0176 | get 0.0176% / 8h | 58m 20s | $1.9M | $2.7M | — |
| Short | Orderly PERP_ARB_USDC | 0.2264 | −0.0041 | pay 0.0041% / 8h | 58m 20s | $12K | $399K | 10x |
Variational Omni ARB
Orderly PERP_ARB_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $28.53
- Price spread: +0.339% → +0.013%
- $32.63
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $55.16
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 1 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 Variational Omni RFQ quote, 1 min ago | 4.44 bp | doesn't fit | 17.7 bp −$177 | 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 | −0.1785% | 1h | 0.2247 | −0.414% | $41K | $372K | 12x | as long as short |
| SoDEX ARB-USD | −0.0344% | 1h | 0.2261 | +0.193% | $4K | $2.7M | 5x | as long as short |
| 01 Exchange ARBUSD | −0.0200% | 1h | 0.2266 | +0.437% | $7K | $2K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0191% | 1h | 0.2264 | +0.344% | $26K | $32K | 25x | as long as short |
| Variational Omni ARBlong | −0.0176% | 8h | 0.2256 | long leg | $1.9M | $2.7M | — | |
| Bybit ARBUSDT | −0.0161% | 8h | 0.2263 | +0.304% | $58.5M | $130.4M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0102% | 8h | 0.2260 | +0.175% | $22.8M | $160.1M | 50x | as long as short |
| Polymarket Perps ARB-USD | −0.0101% | 1h | 0.2266 | +0.415% | $77K | $2.0M | 10x | as long as short |
| MEXC ARB_USDT | −0.0099% | 8h | 0.2264 | +0.326% | $37.5M | $58.9M | 200x | as long as short |
| Orderly PERP_ARB_USDCshort | −0.0041% | 8h | 0.2264 | +0.339% | $12K | $399K | 10x |
Injective ARB/USDC PERP
SoDEX ARB-USD
01 Exchange ARBUSD
Deribit ARB_USDC-PERPETUAL
Bybit ARBUSDT
OKX ARB-USDT-SWAP
Polymarket Perps ARB-USD
MEXC ARB_USDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2269 | +0.547% | $67K | $4K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2260 | +0.163% | $360K | $2.3M | 25x | as long as short |
| Binance ARBUSDT | +0.0001% | 8h | 0.2264 | +0.329% | $65.1M | $313.7M | 75x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2265 | +0.388% | $56K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0034% | 8h | 0.2264 | +0.348% | $5.5M | $19.9M | 60x | as long as short |
| Bitget ARBUSDT | +0.0066% | 8h | 0.2260 | +0.162% | $21.4M | $36.8M | 50x | as long as short |
| BingX ARB-USDC | +0.0069% | 8h | 0.2263 | +0.313% | — | $6.5M | — | as long as short |
| BloFin ARB-USDT | +0.0080% | 8h | 0.2260 | +0.149% | $3.1M | $3.3M | 75x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2263 | +0.273% | $148K | $12K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2269 | +0.561% | $1.4M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2268 | +0.508% | $40.9M | $48.8M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2266 | +0.422% | $705K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2268 | +0.534% | $47K | $193K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2267 | +0.472% | $20.4M | $16.2M | 75x | as long as short |
| Backpack ARB_USDC_PERP | +0.0100% | 1h | 0.2266 | +0.419% | $891K | $2.8M | 20x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2258 | +0.058% | $40K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2258 | +0.073% | $491K | $3.7M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2258 | +0.073% | $122K | $295K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2263 | +0.295% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2260 | +0.158% | $282K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2261 | +0.206% | $5.2M | $13.2M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0216% | 1h | 0.2268 | +0.517% | $511K | $2.3M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0236% | 1h | 0.2263 | +0.279% | $1.2M | $4.9M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0274% / S −0.0157% | 1h | 0.2265 | +0.376% | $849K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2264 | +0.324% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0330% | 1h | 0.2268 | +0.499% | $503K | $2.7M | 10x | as long as short |
dYdX ARB-USD
Extended ARB-USD
Binance ARBUSDT
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Bitget ARBUSDT
BingX ARB-USDC
BloFin ARB-USDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
Backpack ARB_USDC_PERP
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
Kraken Futures PF_ARBUSD
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC