Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h −0.007%

Price spread now: Pacifica against BloFin+0.068%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$520.523% of the position

Long on BloFin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 4 days (all we have)−0.534%−$53 · spread now +0.068%, 7d avg +0.006%

Together, before fees−0.566%+ Points / potential airdropPacifica: Active · farm board−$57 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.062% dearer against BloFin than usual: you sell high and buy low (spread +0.068% now, against its 7-day average of +0.006%): +$6 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 16 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ARB-USDT	0.2172	0.0113	pay 0.0113% / 8h	20m 14s	$3.0M	$2.3M	75x
Short	Pacifica ARB	0.2174	0.0100	get 0.0013% / 1h	20m 14s	$43K	$147K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against BloFin. 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 BloFinbpFee PacificabpOrdersPrice spread, now +0.068%Rate

Funding earned: −$2.68
Price spread: +0.068% → +0.006%: $6.19
Slippage, 4 orders: −$32.31
Fee BloFin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$48.8
Costs to cover: 0.523%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Pacifica: live order book, 17 min ago.

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 BloFin live order book, 3 min ago	3.45 bp	10.4 bp −$10	15.9 bp −$159	51.2 bp −$5,124	doesn't fit
Sell Pacifica live order book, 17 min ago	8.48 bp	17.5 bp −$17	doesn't fit	doesn't fit	doesn't fit

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	0.2165	−0.331%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0200%	1h	0.2172	−0.014%	$7K	$236	10x	as long as short
OKX ARB-USDT-SWAP	−0.0084%	8h	0.2172	−0.018%	$21.8M	$144.1M	50x	as long as short
MEXC ARB_USDT	−0.0083%	8h	0.2172	0.000%	$41.6M	$62.6M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0044%	8h	0.2172	−0.009%	$13K	$404K	10x	as long as short
SoDEX ARB-USD	−0.0016%	1h	0.2172	−0.005%	$9K	$2.2M	5x	as long as short
Polymarket Perps ARB-USD	−0.0011%	1h	0.2172	+0.009%	$76K	$2.1M	10x	as long as short
Extended ARB-USD	−0.0008%	1h	0.2171	−0.055%	$347K	$3.1M	25x	as long as short
Binance ARBUSDT	−0.0006%	8h	0.2173	+0.028%	$62.3M	$301.2M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2173	+0.049%	$64K	$5K	10x	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	0.2173	+0.037%	$28K	$38K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0007%	1h	0.2174	+0.061%	$69K	—	150x	as long as short
Variational Omni ARB	+0.0011%	8h	0.2172	−0.024%	$1.8M	$3.0M	—	as long as short
Bybit ARBUSDT	+0.0016%	8h	0.2172	+0.009%	$53.1M	$126.0M	50x	as long as short
Gate ARB_USDT	+0.0016%	8h	0.2172	+0.005%	$5.3M	$18.4M	60x	as long as short
RISEx ARB/USDC	+0.0069%	1h	0.2173	+0.049%	$500K	$2.6M	10x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2173	+0.027%	$138K	$7K	3x	as long as short
BingX ARB-USDC	+0.0084%	8h	0.2173	+0.018%	—	$6.5M	—	as long as short
Bitget ARBUSDT	+0.0085%	8h	0.2172	−0.009%	$21.0M	$34.6M	50x	as long as short
Kraken Futures PF_ARBUSD	+0.0093%	1h	0.2173	+0.059%	$1.1M	$4.4M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2172	−0.023%	$1.3M	$5.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2173	+0.060%	$36.6M	$49.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2173	+0.052%	$622K	$1.7M	20x	as long as short
Pacifica ARBshort	+0.0100%	1h	0.2174	+0.068%	$43K	$147K	10x
KuCoin ARBUSDTM	+0.0100%	8h	0.2173	+0.037%	$19.3M	$14.0M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2175	+0.118%	$38K	$464K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2175	+0.152%	$467K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2177	+0.221%	$118K	$278K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2175	+0.129%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2173	+0.041%	$291K	$841K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2172	−0.009%	$4.8M	$12.7M	50x	as long as short
BloFin ARB-USDTlong	+0.0113%	8h	0.2172	long leg	$3.0M	$2.3M	75x
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2173	+0.033%	$820K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2171	−0.046%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0336%	1h	0.2177	+0.235%	$511K	$1.5M	50x	as long as short
Backpack ARB_USDC_PERP	+0.0486%	1h	0.2175	+0.143%	$976K	$2.9M	20x	as long as short