Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0165%/8h= +18.1% APRpaid last 24h +0.029%

Price spread now: edgeX against Bybit+0.245%101s7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$630.632% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.132%+$13 on $10k

Price spread, last 4 days (all we have)+0.213%+$21 · spread now +0.245%, 7d avg +0.060%

Together, before fees+0.345%+ Points / potential airdropedgeX: Active · farm board+$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and edgeX is 0.186% dearer against Bybit than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.060%. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARBUSDT	0.2214	−0.0065	get 0.0065% / 8h	5h 53m	$56.5M	$127.1M	50x
Short	edgeX ARBUSDC	0.2220	0.0100	get 0.0050% / 4h	1h 53m	$40K	$460K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bybit. 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 BybitbpFee edgeXbpOrdersPrice spread, now +0.245%Rate

Funding earned: $34.7
Price spread: +0.245% → +0.060%: $18.55
Slippage, 4 orders: −$43.16
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$9.91
Costs to cover: 0.632%
Break-even: 9.0 days

Slippage from Bybit: live order book, 5 min ago; edgeX: live order book, 10 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 Bybit live order book, 5 min ago	0.22 bp	9.6 bp −$10	17.5 bp −$175	44.0 bp −$4,398	doesn't fit
Sell edgeX live order book, 10 min ago	13.48 bp	22.3 bp −$22	96.4 bp −$964	doesn't fit	doesn't fit

ARB on 35 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	0.2208	−0.280%	$40K	$372K	12x	as long as short
ApeX Omni ARBUSDT	−0.1072%	1h	0.2217	+0.126%	$120K	$284K	50x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0292%	1h	0.2212	−0.095%	$24K	$34K	25x	as long as short
Polymarket Perps ARB-USD	−0.0251%	1h	0.2212	−0.099%	$89K	$2.1M	10x	as long as short
SoDEX ARB-USD	−0.0163%	1h	0.2213	−0.063%	$10K	$2.4M	5x	as long as short
Variational Omni ARB	−0.0152%	8h	0.2229	+0.650%	$1.9M	$2.9M	—	as long as short
OKX ARB-USDT-SWAP	−0.0138%	8h	0.2215	+0.041%	$22.3M	$152.9M	50x	as long as short
MEXC ARB_USDT	−0.0136%	8h	0.2214	−0.009%	$38.5M	$59.0M	200x	as long as short
01 Exchange ARBUSD	−0.0120%	1h	0.2213	−0.072%	$7K	$2K	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0098%	1h	0.2214	+0.008%	$1.1M	$4.6M	50x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ARB_USDT	−0.0080%	8h	0.2215	+0.014%	$5.4M	$19.0M	60x	as long as short
Orderly PERP_ARB_USDC	−0.0071%	8h	0.2214	−0.009%	$12K	$383K	10x	as long as short
Bybit ARBUSDTlong	−0.0065%	8h	0.2214	long leg	$56.5M	$127.1M	50x
dYdX ARB-USD	0.0000%	1h	0.2216	+0.084%	$66K	$5K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2213	−0.043%	$352K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0002%	8h	0.2216	+0.063%	$64.6M	$311.1M	75x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0012%	1h	0.2213	−0.068%	$10K	—	150x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2214	+0.005%	$140K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2213	−0.054%	$1.2M	$6.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2217	+0.104%	$38.5M	$49.9M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2213	−0.042%	$657K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2215	+0.033%	$42K	$179K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2214	−0.023%	$19.5M	$15.6M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2215	+0.036%	$21.2M	$35.4M	50x	as long as short
BingX ARB-USDC	+0.0100%	8h	0.2214	+0.009%	—	$6.5M	—	as long as short
edgeX ARBUSDCshort	+0.0100%	4h	0.2220	+0.245%	$40K	$460K	20x
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2218	+0.172%	$473K	$3.6M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2214	−0.009%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2214	−0.018%	$297K	$963K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2212	−0.099%	$4.9M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2214	−0.005%	$505K	$2.1M	50x	as long as short
RISEx ARB/USDC	+0.0232%	1h	0.2214	−0.014%	$487K	$2.7M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2213	−0.066%	$825K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2211	−0.137%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0381%	1h	0.2214	−0.005%	$1.0M	$2.8M	20x	as long as short