Funding you earn now, next payment 00:00 UTC−0.0110%/8h= −12.1% APRnext payment −$1.10 per $10,000 · paid last 24h −0.050%
Price spread now: Orderly against BingX+0.094%7-day average +0.040% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.234%−$23 on $10k
+Price spread, last 3 days (all we have)+0.761%+$76 · spread now +0.094%, 7d avg +0.040%
=The price spread pays, funding is against you. Orderly is 0.054% dearer against BingX than usual: you sell high and buy low (spread +0.094% now, against its 7-day average of +0.040%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 39 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ARB-USDT | 0.2238 | 0.0073 | pay 0.0073% / 8h | 1h 18m | — | $53.2M | — |
| Short | Orderly PERP_ARB_USDC | 0.2240 | −0.0037 | pay 0.0037% / 8h | 1h 18m | $10K | $394K | 10x |
BingX ARB-USDT
Orderly PERP_ARB_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against BingX. 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
- −$23.11
- Price spread: +0.094% → +0.040%
- $5.41
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$33.7
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: BingX: live order book, 10 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 BingX live order book, 10 min ago | 1.12 bp | 6.1 bp −$6 | 7.0 bp −$70 | 16.9 bp −$1,687 | 52.7 bp −$26.4K |
| 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 | −0.1770% | 1h | 0.2230 | −0.353% | $40K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0232% | 1h | 0.2237 | −0.022% | $7K | $2K | 10x | as long as short |
| SoDEX ARB-USD | −0.0198% | 1h | 0.2238 | +0.022% | $4K | $2.8M | 5x | as long as short |
| Variational Omni ARB | −0.0168% | 8h | 0.2238 | +0.017% | $1.9M | $2.7M | — | as long as short |
| Bybit ARBUSDT | −0.0147% | 8h | 0.2238 | 0.000% | $57.8M | $133.2M | 50x | as long as short |
| Polymarket Perps ARB-USD | −0.0124% | 1h | 0.2240 | +0.071% | $73K | $2.0M | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0107% | 1h | 0.2241 | +0.152% | $26K | $32K | 25x | as long as short |
| OKX ARB-USDT-SWAP | −0.0101% | 8h | 0.2238 | +0.004% | $22.5M | $160.7M | 50x | as long as short |
| MEXC ARB_USDT | −0.0100% | 8h | 0.2240 | +0.076% | $37.2M | $62.7M | 200x | as long as short |
| Orderly PERP_ARB_USDCshort | −0.0037% | 8h | 0.2240 | +0.094% | $10K | $394K | 10x |
Injective ARB/USDC PERP
01 Exchange ARBUSD
SoDEX ARB-USD
Variational Omni ARB
Bybit ARBUSDT
Polymarket Perps ARB-USD
Deribit ARB_USDC-PERPETUAL
OKX ARB-USDT-SWAP
MEXC ARB_USDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDT | −0.0009% | 8h | 0.2239 | +0.049% | $64.0M | $316.8M | 75x | as long as short |
| Extended ARB-USD | −0.0008% | 1h | 0.2237 | −0.030% | $356K | $2.4M | 25x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2241 | +0.126% | $66K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2242 | +0.164% | $56K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0033% | 8h | 0.2238 | +0.022% | $5.5M | $20.7M | 60x | as long as short |
| Bitget ARBUSDT | +0.0068% | 8h | 0.2238 | +0.004% | $21.0M | $37.2M | 50x | as long as short |
| BingX ARB-USDTlong | +0.0073% | 8h | 0.2238 | long leg | — | $53.2M | — | |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2242 | +0.168% | $147K | $12K | 3x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0085% | 1h | 0.2240 | +0.111% | $1.1M | $5.1M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2240 | +0.098% | $1.3M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2243 | +0.237% | $40.1M | $50.6M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2240 | +0.108% | $696K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2240 | +0.097% | $44K | $193K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2240 | +0.085% | $20.6M | $16.4M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2239 | +0.064% | $40K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2240 | +0.095% | $486K | $3.9M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2240 | +0.094% | $121K | $295K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2242 | +0.183% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2240 | +0.098% | $276K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2240 | +0.094% | $5.2M | $13.4M | 50x | as long as short |
| BloFin ARB-USDT | +0.0112% | 8h | 0.2239 | +0.067% | $3.0M | $3.3M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0264% | 1h | 0.2242 | +0.183% | $506K | $2.3M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0274% / S −0.0156% | 1h | 0.2242 | +0.185% | $841K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2239 | +0.060% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0363% | 1h | 0.2240 | +0.109% | $495K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0624% | 1h | 0.2243 | +0.246% | $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
Bitget ARBUSDT
Aevo ARB-PERP
Kraken Futures PF_ARBUSD
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
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