Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0178%/8h= −19.4% APRpaid last 24h −0.033%

Price spread now: Deribit against Binance+0.085%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread pays, funding is against you. Deribit is 0.085% dearer against Binance than usual: you sell high and buy low (spread +0.085% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 38 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ARBUSDT	0.2225	0.0024	pay 0.0024% / 8h	5h 10m	$65.0M	$306.6M	75x
Short	Deribit ARB_USDC-PERPETUAL	0.2226	−0.0154	pay 0.0019% / 1h	10m 03s	$25K	$34K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Binance. 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 BinancebpFee DeribitbpOrdersPrice spread, now +0.085%Rate

Funding earned: −$37.29
Price spread: +0.085% → 0.000%: $8.49
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$45.8
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 4 min ago; Deribit: 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 Binance live order book, 4 min ago	0.22 bp	7.5 bp −$7	22.2 bp −$222	77.7 bp −$7,765	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	−0.1577%	1h	0.2213	−0.518%	$40K	$372K	12x	as long as short
Deribit ARB_USDC-PERPETUALshort	−0.0154%	1h	0.2226	+0.085%	$25K	$34K	25x
OKX ARB-USDT-SWAP	−0.0142%	8h	0.2223	−0.072%	$22.4M	$150.1M	50x	as long as short
MEXC ARB_USDT	−0.0140%	8h	0.2222	−0.126%	$38.2M	$59.4M	200x	as long as short
Variational Omni ARB	−0.0140%	8h	0.2223	−0.067%	$1.9M	$2.9M	—	as long as short
01 Exchange ARBUSD	−0.0112%	1h	0.2229	+0.202%	$7K	$2K	10x	as long as short
Polymarket Perps ARB-USD	−0.0110%	1h	0.2228	+0.175%	$88K	$2.1M	10x	as long as short
Gate ARB_USDT	−0.0103%	8h	0.2225	+0.031%	$5.4M	$19.2M	60x	as long as short
Kraken Futures PF_ARBUSD	−0.0098%	1h	0.2226	+0.088%	$1.1M	$4.4M	50x	as long as short
SoDEX ARB-USD	−0.0080%	1h	0.2225	+0.044%	$10K	$2.3M	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ARB_USDC	−0.0075%	8h	0.2227	+0.112%	$12K	$387K	10x	as long as short
Bybit ARBUSDT	−0.0074%	8h	0.2223	−0.046%	$56.6M	$125.9M	50x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2230	+0.265%	$66K	$5K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0013%	1h	0.2227	+0.126%	$11K	—	150x	as long as short
Binance ARBUSDTlong	+0.0024%	8h	0.2225	long leg	$65.0M	$306.6M	75x
Extended ARB-USD	+0.0024%	1h	0.2221	−0.141%	$353K	$2.5M	25x	as long as short
Phemex ARBUSDT	+0.0038%	8h	0.2226	+0.067%	$5.0M	$12.9M	50x	as long as short
Bitget ARBUSDT	+0.0075%	8h	0.2224	−0.023%	$21.2M	$34.6M	50x	as long as short
BingX ARB-USDT	+0.0078%	8h	0.2225	+0.026%	—	$53.8M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2226	+0.078%	$141K	$7K	3x	as long as short
BloFin ARB-USDT	+0.0095%	8h	0.2228	+0.152%	$3.1M	$2.6M	75x	as long as short
Lighter ARB	+0.0096%	1h	0.2226	+0.062%	$1.2M	$6.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2226	+0.076%	$38.6M	$49.2M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2227	+0.131%	$652K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2229	+0.215%	$43K	$169K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2226	+0.076%	$19.7M	$15.3M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2227	+0.092%	$40K	$460K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2229	+0.201%	$483K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2227	+0.112%	$120K	$283K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2231	+0.292%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2229	+0.202%	$303K	$939K	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2229	+0.202%	$499K	$2.0M	50x	as long as short
RISEx ARB/USDC	+0.0232%	1h	0.2230	+0.260%	$485K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2227	+0.110%	$832K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2225	+0.014%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0569%	1h	0.2228	+0.152%	$1.0M	$2.8M	20x	as long as short