Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0340%/8h= +37.2% APRpaid last 24h +0.023%

Price spread now: BingX against 01 Exchange−0.203%7-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 BingX

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—needs both histories

Funding pays, the price is against you. BingX is 0.203% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.203% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 48 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange ARBUSD	0.2216	−0.0240	get 0.0030% / 1h	31m 44s	$7K	$2K	10x
Short	BingX ARB-USDC	0.2211	0.0100	get 0.0100% / 8h	6h 31m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.203%Rate

Funding earned: $71.4
Price spread: −0.203% → 0.000%: −$20.31
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: $34.09
Costs to cover: 0.170%
Break-even: 3.7 days

Slippage unknown: 01 Exchange: no order-book sample; BingX: live order book, 9 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 BingX live order book, 9 min ago	4.29 bp	22.5 bp −$23	50.4 bp −$504	107.9 bp −$10.8K	687.4 bp −$343.7K

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 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	0.2212	−0.171%	$40K	$372K	12x	as long as short
01 Exchange ARBUSDlong	−0.0240%	1h	0.2216	long leg	$7K	$2K	10x
SoDEX ARB-USD	−0.0223%	1h	0.2212	−0.162%	$10K	$2.5M	5x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0202%	1h	0.2213	−0.149%	$24K	$34K	25x	as long as short
Variational Omni ARB	−0.0176%	8h	0.2226	+0.479%	$1.9M	$2.9M	—	as long as short
ApeX Omni ARBUSDT	−0.0156%	1h	0.2226	+0.460%	$120K	$296K	50x	as long as short
OKX ARB-USDT-SWAP	−0.0112%	8h	0.2212	−0.194%	$22.3M	$156.9M	50x	as long as short
MEXC ARB_USDT	−0.0111%	8h	0.2213	−0.104%	$40.3M	$59.6M	200x	as long as short
Bybit ARBUSDT	−0.0065%	8h	0.2210	−0.257%	$56.7M	$129.0M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0059%	8h	0.2215	−0.036%	$13K	$381K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ARB_USDT	−0.0054%	8h	0.2212	−0.162%	$5.4M	$19.8M	60x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2219	+0.124%	$66K	$5K	10x	as long as short
Binance ARBUSDT	+0.0002%	8h	0.2211	−0.198%	$64.5M	$318.4M	75x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0011%	1h	0.2216	+0.029%	$10K	—	150x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2210	−0.250%	$353K	$2.5M	25x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2216	−0.011%	$141K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2212	−0.171%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2213	−0.126%	$38.2M	$50.9M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2213	−0.104%	$659K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2218	+0.090%	$42K	$188K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2213	−0.108%	$19.6M	$15.8M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2211	−0.217%	$21.1M	$36.2M	50x	as long as short
BingX ARB-USDCshort	+0.0100%	8h	0.2211	−0.203%	—	$6.5M	—
edgeX ARBUSDC	+0.0100%	4h	0.2225	+0.404%	$40K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2225	+0.414%	$473K	$3.7M	10x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2218	+0.081%	$77K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2215	−0.036%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2214	−0.081%	$298K	$1.0M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2213	−0.126%	$5.0M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0240%	1h	0.2219	+0.144%	$508K	$2.1M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2217	+0.037%	$828K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2216	+0.010%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0312%	1h	0.2213	−0.122%	$1.1M	$4.7M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2219	+0.133%	$470K	$2.6M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0537%	1h	0.2216	−0.009%	$998K	$2.9M	20x	as long as short