Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0203%/8h= +22.3% APRpaid last 24h +0.062%

Price spread now: Reya against BingX−0.063%7-day average — · you buy dearer than you sell

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

Long on BingX Short on Reya

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.063% cheaper against BingX than usual: you would sell low and buy high (spread −0.063% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 25 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ARB-USDT	0.2182	0.0085	pay 0.0085% / 8h	16m 49s	—	$33.0M	—
Short	Reya ARBRUSDPERP	0.2181	0.0288	get 0.0036% / 1h	16m 49s	$2K	$695	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against BingX. 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 BingXbpFee ReyabpOrdersPrice spread, now −0.063%Rate

Funding earned: $42.7
Price spread: −0.063% → 0.000%: −$6.27
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $20.43
Costs to cover: 0.160%
Break-even: 3.7 days

Slippage unknown: BingX: live order book, 2 min ago; Reya: 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, 2 min ago	1.15 bp	7.1 bp −$7	8.7 bp −$87	14.6 bp −$1,460	52.2 bp −$26.1K
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	−0.1612%	1h	0.2172	−0.477%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0200%	1h	0.2182	−0.023%	$7K	$236	10x	as long as short
OKX ARB-USDT-SWAP	−0.0080%	8h	0.2182	−0.027%	$21.9M	$144.5M	50x	as long as short
MEXC ARB_USDT	−0.0079%	8h	0.2182	−0.018%	$41.7M	$62.7M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0045%	8h	0.2181	−0.064%	$13K	$404K	10x	as long as short
SoDEX ARB-USD	−0.0007%	1h	0.2182	−0.023%	$9K	$2.2M	5x	as long as short
Polymarket Perps ARB-USD	−0.0004%	1h	0.2182	−0.027%	$76K	$2.1M	10x	as long as short
Binance ARBUSDT	−0.0004%	8h	0.2182	−0.010%	$62.6M	$300.2M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2183	+0.029%	$65K	$5K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2182	−0.040%	$347K	$3.1M	25x	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	0.2182	+0.005%	$28K	$38K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0007%	1h	0.2183	+0.049%	$69K	—	150x	as long as short
Variational Omni ARB	+0.0011%	8h	0.2172	−0.492%	$1.8M	$3.0M	—	as long as short
Bybit ARBUSDT	+0.0019%	8h	0.2182	+0.005%	$53.2M	$126.0M	50x	as long as short
Gate ARB_USDT	+0.0019%	8h	0.2182	+0.005%	$5.4M	$18.5M	60x	as long as short
RISEx ARB/USDC	+0.0069%	1h	0.2183	+0.041%	$500K	$2.7M	10x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2183	+0.023%	$138K	$7K	3x	as long as short
BingX ARB-USDTlong	+0.0085%	8h	0.2182	long leg	—	$33.0M	—
Bitget ARBUSDT	+0.0087%	8h	0.2182	−0.018%	$21.1M	$34.7M	50x	as long as short
Kraken Futures PF_ARBUSD	+0.0093%	1h	0.2183	+0.039%	$1.1M	$4.3M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2182	−0.037%	$1.3M	$5.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2184	+0.078%	$36.8M	$49.6M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2184	+0.065%	$625K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2184	+0.069%	$43K	$147K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2183	+0.046%	$19.4M	$13.9M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2175	−0.358%	$38K	$465K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2176	−0.312%	$467K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2174	−0.385%	$117K	$279K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2184	+0.073%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2182	0.000%	$292K	$840K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2181	−0.064%	$4.8M	$12.7M	50x	as long as short
BloFin ARB-USDT	+0.0116%	8h	0.2182	−0.023%	$3.0M	$2.3M	75x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2183	+0.018%	$824K	—	150x	as long as short
Reya ARBRUSDPERPshort	+0.0288%	1h	0.2181	−0.063%	$2K	$695	20x
Coinbase International ARB-PERP-INTX	+0.0336%	1h	0.2188	+0.257%	$513K	$1.5M	50x	as long as short
Backpack ARB_USDC_PERP	+0.0485%	1h	0.2185	+0.128%	$981K	$2.9M	20x	as long as short