Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0042%/8h= +4.6% APRpaid last 24h +0.094%

Price spread now: RISEx against Bybit−0.156%7-day average +0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$270.270% of the position

Long on Bybit Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.320%+$32 on $10k

Price spread, last 5 days (all we have)+0.111%+$11 · spread now −0.156%, 7d avg +0.063%

Together, before fees+0.432%+$43 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.219% cheaper against Bybit than usual: you would sell low and buy high (spread −0.156% now, against its 7-day average of +0.063%). If the spread goes back, that is −$22 on $10k: about 17 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.320% in total) that is about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARBUSDT	0.2184	0.0027	pay 0.0027% / 8h	3m 05s	$53.2M	$125.9M	50x
Short	RISEx ARB/USDC	0.2181	0.0069	get 0.0009% / 1h	3m 05s	$509K	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.156%Rate

Funding earned: $8.77
Price spread: −0.156% → +0.063%: −$21.9
Slippage, 4 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$40.14
Costs to cover: 0.270%
Break-even: 39.1 days

Slippage from Bybit: live order book, 1 min ago; RISEx: live order book, 1 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, 1 min ago	0.23 bp	9.4 bp −$9	17.8 bp −$178	46.0 bp −$4,604	doesn't fit
Sell RISEx live order book, 1 min ago	1.15 bp	4.1 bp −$4	14.7 bp −$147	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	0.2176	−0.371%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0192%	1h	0.2180	−0.206%	$7K	$236	10x	as long as short
OKX ARB-USDT-SWAP	−0.0071%	8h	0.2185	+0.018%	$21.9M	$144.7M	50x	as long as short
MEXC ARB_USDT	−0.0071%	8h	0.2184	+0.005%	$41.5M	$62.8M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0041%	8h	0.2183	−0.050%	$16K	$409K	10x	as long as short
SoDEX ARB-USD	−0.0006%	1h	0.2183	−0.060%	$9K	$2.2M	5x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2182	−0.116%	$65K	$4K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2182	−0.094%	$350K	$3.1M	25x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2184	−0.009%	$28K	$38K	25x	as long as short
Binance ARBUSDT	0.0000%	8h	0.2184	+0.008%	$62.7M	$299.0M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2184	−0.018%	$72K	—	150x	as long as short
Polymarket Perps ARB-USD	+0.0010%	1h	0.2182	−0.114%	$73K	$2.1M	10x	as long as short
Gate ARB_USDT	+0.0019%	8h	0.2185	+0.018%	$5.4M	$18.5M	60x	as long as short
Variational Omni ARB	+0.0025%	8h	0.2184	−0.011%	$1.8M	$3.0M	—	as long as short
Bybit ARBUSDTlong	+0.0027%	8h	0.2184	long leg	$53.2M	$125.9M	50x
RISEx ARB/USDCshort	+0.0069%	1h	0.2181	−0.156%	$509K	$2.7M	10x
Aevo ARB-PERP	+0.0080%	1h	0.2184	−0.003%	$139K	$7K	3x	as long as short
Bitget ARBUSDT	+0.0087%	8h	0.2185	+0.041%	$21.1M	$34.6M	50x	as long as short
BingX ARB-USDT	+0.0087%	8h	0.2184	+0.009%	—	$32.8M	—	as long as short
Kraken Futures PF_ARBUSD	+0.0093%	1h	0.2183	−0.035%	$1.1M	$4.3M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2182	−0.073%	$1.3M	$5.5M	15x	as long as short
BloFin ARB-USDT	+0.0098%	8h	0.2184	+0.009%	$3.0M	$2.3M	75x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2186	+0.078%	$36.6M	$49.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2184	0.000%	$625K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2182	−0.119%	$43K	$146K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2183	−0.032%	$19.4M	$13.9M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2183	−0.059%	$39K	$464K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2183	−0.039%	$464K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2184	−0.005%	$118K	$268K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2182	−0.096%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2182	−0.110%	$292K	$840K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2184	−0.005%	$4.8M	$12.8M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0159%	1h	0.2184	−0.019%	$825K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2181	−0.122%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0336%	1h	0.2187	+0.133%	$513K	$1.5M	50x	as long as short
Backpack ARB_USDC_PERP	+0.0417%	1h	0.2187	+0.119%	$978K	$2.8M	20x	as long as short