Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0264%/8h= +28.9% APRpaid last 24h +0.039%

Price spread now: Binance against 01 Exchange−0.070%53s7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. Binance is 0.070% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.070% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 21 hours of funding at the current rate (+$8 a day). The two prices were read 53 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	01 Exchange ARBUSD	0.2181	−0.0192	get 0.0024% / 1h	42m 44s	$7K	$236	10x
Short	Binance ARBUSDT	0.2179	0.0072	get 0.0072% / 8h	2h 42m	$62.5M	$299.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against 01 Exchange. 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 01 ExchangebpFee BinancebpOrdersPrice spread, now −0.070%Rate

Funding earned: $55.48
Price spread: −0.070% → 0.000%: −$6.98
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: $31.5
Costs to cover: 0.170%
Break-even: 3.0 days

Slippage unknown: 01 Exchange: no order-book sample; Binance: live order book, 16 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Binance live order book, 16 min ago	0.23 bp	9.4 bp −$9	17.3 bp −$173	68.2 bp −$6,825	doesn't fit

01 Exchange: 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	−0.1581%	1h	0.2172	−0.413%	$39K	$372K	12x	as long as short
01 Exchange ARBUSDlong	−0.0192%	1h	0.2181	long leg	$7K	$236	10x
Polymarket Perps ARB-USD	−0.0165%	1h	0.2181	−0.018%	$72K	$2.1M	10x	as long as short
Variational Omni ARB	−0.0103%	8h	0.2176	−0.212%	$1.7M	$3.0M	—	as long as short
OKX ARB-USDT-SWAP	−0.0094%	8h	0.2178	−0.156%	$21.7M	$142.0M	50x	as long as short
MEXC ARB_USDT	−0.0093%	8h	0.2178	−0.128%	$41.1M	$60.2M	200x	as long as short
Bybit ARBUSDT	−0.0078%	8h	0.2177	−0.179%	$54.2M	$123.6M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0075%	1h	0.2180	−0.044%	$1.0M	$4.4M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0058%	8h	0.2180	−0.046%	$12K	$408K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2180	−0.060%	$64K	$5K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2180	−0.055%	$23K	$33K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2181	−0.020%	$44K	—	150x	as long as short
Gate ARB_USDT	+0.0044%	8h	0.2181	−0.018%	$5.4M	$18.1M	60x	as long as short
Bitget ARBUSDT	+0.0048%	8h	0.2180	−0.046%	$20.8M	$34.1M	50x	as long as short
Extended ARB-USD	+0.0072%	1h	0.2178	−0.120%	$348K	$2.8M	25x	as long as short
Binance ARBUSDTshort	+0.0072%	8h	0.2179	−0.070%	$62.5M	$299.9M	75x
BingX ARB-USDC	+0.0075%	8h	0.2180	−0.060%	—	$6.5M	—	as long as short
RISEx ARB/USDC	+0.0086%	1h	0.2182	+0.025%	$443K	$2.6M	10x	as long as short
Lighter ARB	+0.0096%	1h	0.2179	−0.078%	$1.2M	$5.5M	15x	as long as short
Aevo ARB-PERP	+0.0096%	1h	0.2180	−0.060%	$138K	$7K	3x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2182	+0.023%	$36.8M	$48.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2181	+0.007%	$628K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2180	−0.060%	$42K	$160K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2180	−0.037%	$19.5M	$14.5M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2179	−0.081%	$38K	$464K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2181	0.000%	$464K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2180	−0.046%	$118K	$283K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2184	+0.138%	$2K	$1.1M	30x	as long as short
SoDEX ARB-USD	+0.0100%	1h	0.2179	−0.096%	$10K	$2.2M	5x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2180	−0.028%	$290K	$894K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2180	−0.046%	$4.9M	$12.7M	50x	as long as short
BloFin ARB-USDT	+0.0192%	8h	0.2179	−0.105%	$3.0M	$2.4M	75x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2180	−0.048%	$823K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2180	−0.046%	$500K	$1.6M	50x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2181	−0.017%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0675%	1h	0.2181	+0.009%	$979K	$2.8M	20x	as long as short