Funding you earn now, next payment 08:00 UTC−0.0101%/8h= −11.0% APRnext payment −$1.01 per $10,000 · paid last 24h −0.043%
Price spread now: Orderly against Bitget−0.227%7-day average +0.031% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.195%−$19 on $10k
+Price spread, last 4 days (all we have)+0.799%+$80 · spread now −0.227%, 7d avg +0.031%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Orderly is 0.257% cheaper against Bitget than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of +0.031%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ARBUSDT | 0.2206 | 0.0059 | pay 0.0059% / 8h | 1h 31m | $21.3M | $34.8M | 50x |
| Short | Orderly PERP_ARB_USDC | 0.2201 | −0.0042 | pay 0.0042% / 8h | 1h 31m | $13K | $406K | 10x |
Bitget ARBUSDT
Orderly PERP_ARB_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Bitget. 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
- −$21.19
- Price spread: −0.227% → +0.031%
- −$25.74
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$64.93
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Bitget: live order book, 2 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 Bitget live order book, 2 min ago | 2.27 bp | 8.3 bp −$8 | 16.7 bp −$167 | 92.6 bp −$9,260 | doesn't fit |
| 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 | −0.1592% | 1h | 0.2194 | −0.544% | $40K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0229% | 1h | 0.2201 | −0.231% | $67K | $2.1M | 10x | as long as short |
| SoDEX ARB-USD | −0.0119% | 1h | 0.2201 | −0.236% | $9K | $2.2M | 5x | as long as short |
| 01 Exchange ARBUSD | −0.0104% | 1h | 0.2205 | −0.032% | $7K | $236 | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0082% | 8h | 0.2207 | +0.041% | $22.1M | $146.1M | 50x | as long as short |
| MEXC ARB_USDT | −0.0081% | 8h | 0.2206 | +0.005% | $41.8M | $61.8M | 200x | as long as short |
| Variational Omni ARB | −0.0062% | 8h | 0.2209 | +0.148% | $1.8M | $3.0M | — | as long as short |
| Orderly PERP_ARB_USDCshort | −0.0042% | 8h | 0.2201 | −0.227% | $13K | $406K | 10x | |
| Bybit ARBUSDT | −0.0018% | 8h | 0.2207 | +0.027% | $54.2M | $126.6M | 50x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2207 | +0.045% | $65K | $5K | 10x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
SoDEX ARB-USD
01 Exchange ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Variational Omni ARB
Bybit ARBUSDT
dYdX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2201 | −0.222% | $28K | $38K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2202 | −0.159% | $44K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0041% | 8h | 0.2206 | +0.014% | $5.4M | $18.4M | 60x | as long as short |
| RISEx ARB/USDC | +0.0056% | 1h | 0.2207 | +0.032% | $456K | $2.6M | 10x | as long as short |
| Bitget ARBUSDTlong | +0.0059% | 8h | 0.2206 | long leg | $21.3M | $34.8M | 50x | |
| Binance ARBUSDT | +0.0077% | 8h | 0.2206 | +0.009% | $62.9M | $302.0M | 75x | as long as short |
| Extended ARB-USD | +0.0080% | 1h | 0.2206 | +0.010% | $352K | $2.8M | 25x | as long as short |
| BingX ARB-USDC | +0.0092% | 8h | 0.2205 | −0.063% | — | $6.5M | — | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2205 | −0.059% | $1.2M | $5.5M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2206 | 0.000% | $37.2M | $49.5M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2206 | +0.003% | $633K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2206 | +0.005% | $43K | $149K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2204 | −0.091% | $19.6M | $14.3M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2212 | +0.251% | $39K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2213 | +0.299% | $481K | $3.7M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2211 | +0.227% | $119K | $282K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2203 | −0.136% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2201 | −0.222% | $294K | $868K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2201 | −0.227% | $4.9M | $12.9M | 50x | as long as short |
| Aevo ARB-PERP | +0.0104% | 1h | 0.2202 | −0.197% | $140K | $7K | 3x | as long as short |
| BloFin ARB-USDT | +0.0203% | 8h | 0.2203 | −0.150% | $3.0M | $2.3M | 75x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0231% | 1h | 0.2203 | −0.128% | $1.1M | $4.5M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2202 | −0.177% | $831K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2208 | +0.104% | $526K | $1.6M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2201 | −0.234% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0612% | 1h | 0.2204 | −0.073% | $990K | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
RISEx ARB/USDC
Binance ARBUSDT
Extended ARB-USD
BingX ARB-USDC
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
Aevo ARB-PERP
BloFin ARB-USDT
Kraken Futures PF_ARBUSD
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP