Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h +0.025%

Price spread now: BingX against dYdX−0.232%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.152%+$15 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BingX is 0.232% cheaper against dYdX than usual: you would sell low and buy high (spread −0.232% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$23 on $10k: about 14 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ARB-USD	0.2191	0	get 0.0000% / 1h	24m 12s	$65K	$5K	10x
Short	BingX ARB-USDT	0.2185	0.0056	get 0.0056% / 8h	3h 24m	—	$53.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against dYdX. 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 dYdXbpFee BingXbpOrdersPrice spread, now −0.232%Rate

Funding earned: $11.76
Price spread: −0.232% → 0.000%: −$23.21
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$31.45
Costs to cover: 0.200%
Break-even: 25.7 days

Slippage unknown: dYdX: no order-book sample; BingX: live order book, 15 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell BingX live order book, 15 min ago	0.91 bp	6.3 bp −$6	7.3 bp −$73	14.2 bp −$1,417	26.4 bp −$13.2K

dYdX: 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	−0.1589%	1h	0.2181	−0.437%	$39K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0179%	1h	0.2186	−0.218%	$69K	$2.1M	10x	as long as short
OKX ARB-USDT-SWAP	−0.0104%	8h	0.2185	−0.232%	$22.0M	$142.0M	50x	as long as short
MEXC ARB_USDT	−0.0101%	8h	0.2186	−0.223%	$41.6M	$60.6M	200x	as long as short
Variational Omni ARB	−0.0099%	8h	0.2188	−0.107%	$1.8M	$3.0M	—	as long as short
Orderly PERP_ARB_USDC	−0.0067%	8h	0.2187	−0.164%	$13K	$407K	10x	as long as short
Bybit ARBUSDT	−0.0061%	8h	0.2185	−0.255%	$55.2M	$123.4M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0050%	1h	0.2186	−0.206%	$1.0M	$4.4M	50x	as long as short
Gate ARB_USDT	−0.0010%	8h	0.2186	−0.209%	$5.3M	$18.1M	60x	as long as short
01 Exchange ARBUSD	−0.0008%	1h	0.2189	−0.081%	$7K	$2K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USDlong	0.0000%	1h	0.2191	long leg	$65K	$5K	10x
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2186	−0.191%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2187	−0.173%	$44K	—	150x	as long as short
Extended ARB-USD	+0.0040%	1h	0.2185	−0.267%	$349K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0044%	8h	0.2186	−0.191%	$63.7M	$299.2M	75x	as long as short
Bitget ARBUSDT	+0.0053%	8h	0.2184	−0.301%	$20.7M	$33.8M	50x	as long as short
BingX ARB-USDTshort	+0.0056%	8h	0.2185	−0.232%	—	$53.6M	—
Lighter ARB	+0.0096%	1h	0.2186	−0.214%	$1.3M	$5.5M	15x	as long as short
Aevo ARB-PERP	+0.0096%	1h	0.2188	−0.124%	$139K	$7K	3x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2188	−0.127%	$37.3M	$48.3M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2187	−0.143%	$630K	$1.5M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2189	−0.068%	$42K	$159K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2186	−0.196%	$19.5M	$14.5M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2188	−0.124%	$38K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2194	+0.156%	$472K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2189	−0.072%	$118K	$283K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2188	−0.118%	$2K	$1.1M	30x	as long as short
SoDEX ARB-USD	+0.0100%	1h	0.2185	−0.237%	$10K	$2.2M	5x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2188	−0.127%	$297K	$882K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2186	−0.209%	$4.9M	$12.8M	50x	as long as short
RISEx ARB/USDC	+0.0118%	1h	0.2189	−0.077%	$468K	$2.6M	10x	as long as short
BloFin ARB-USDT	+0.0162%	8h	0.2189	−0.054%	$3.1M	$2.5M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0256%	1h	0.2194	+0.156%	$494K	$1.6M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2187	−0.153%	$825K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2185	−0.258%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0544%	1h	0.2189	−0.091%	$984K	$2.8M	20x	as long as short