Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0053%/8h= +5.8% APRpaid last 24h +0.025%

Price spread now: Bitget against dYdX−0.122%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 Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.110%+$11 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. Bitget is 0.122% cheaper against dYdX than usual: you would sell low and buy high (spread −0.122% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 7.7 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	0.2178	0	get 0.0000% / 1h	34m 29s	$64K	$5K	10x
Short	Bitget ARBUSDT	0.2175	0.0053	get 0.0053% / 8h	2h 34m	$20.8M	$34.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.122%Rate

Funding earned: $11.13
Price spread: −0.122% → 0.000%: −$12.18
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$23.05
Costs to cover: 0.220%
Break-even: 21.5 days

Slippage unknown: dYdX: no order-book sample; Bitget: live order book, 4 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 Bitget live order book, 4 min ago	2.30 bp	11.3 bp −$11	19.4 bp −$194	110.5 bp −$11.0K	doesn't fit

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	−0.1581%	1h	0.2181	+0.154%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0168%	1h	0.2175	−0.131%	$7K	$236	10x	as long as short
Variational Omni ARB	−0.0097%	8h	0.2186	+0.375%	$1.8M	$3.0M	—	as long as short
Polymarket Perps ARB-USD	−0.0093%	1h	0.2193	+0.723%	$78K	$2.1M	10x	as long as short
OKX ARB-USDT-SWAP	−0.0083%	8h	0.2176	−0.094%	$21.5M	$142.3M	50x	as long as short
MEXC ARB_USDT	−0.0082%	8h	0.2176	−0.057%	$41.7M	$61.2M	200x	as long as short
Kraken Futures PF_ARBUSD	−0.0074%	1h	0.2192	+0.672%	$1.1M	$4.4M	50x	as long as short
Bybit ARBUSDT	−0.0072%	8h	0.2175	−0.145%	$54.0M	$123.9M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0054%	8h	0.2192	+0.659%	$12K	$408K	10x	as long as short
dYdX ARB-USDlong	0.0000%	1h	0.2178	long leg	$64K	$5K	10x

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	0.2193	+0.714%	$23K	$33K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2192	+0.672%	$44K	—	150x	as long as short
Bitget ARBUSDTshort	+0.0053%	8h	0.2175	−0.122%	$20.8M	$34.3M	50x
Gate ARB_USDT	+0.0057%	8h	0.2177	−0.021%	$5.4M	$18.2M	60x	as long as short
BingX ARB-USDT	+0.0072%	8h	0.2177	−0.053%	—	$53.8M	—	as long as short
Extended ARB-USD	+0.0080%	1h	0.2175	−0.103%	$348K	$2.8M	25x	as long as short
Binance ARBUSDT	+0.0082%	8h	0.2176	−0.085%	$62.3M	$300.3M	75x	as long as short
RISEx ARB/USDC	+0.0086%	1h	0.2176	−0.066%	$435K	$2.6M	10x	as long as short
Lighter ARB	+0.0096%	1h	0.2179	+0.048%	$1.2M	$5.5M	15x	as long as short
Aevo ARB-PERP	+0.0096%	1h	0.2193	+0.725%	$139K	$7K	3x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2181	+0.163%	$36.6M	$48.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2179	+0.064%	$628K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2178	+0.034%	$42K	$160K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2177	−0.021%	$19.4M	$14.4M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2184	+0.271%	$39K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2184	+0.292%	$472K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2185	+0.337%	$118K	$282K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2195	+0.797%	$1K	$1.1M	30x	as long as short
SoDEX ARB-USD	+0.0100%	1h	0.2192	+0.650%	$9K	$2.2M	5x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2194	+0.737%	$292K	$894K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2191	+0.613%	$4.9M	$12.7M	50x	as long as short
BloFin ARB-USDT	+0.0202%	8h	0.2189	+0.521%	$3.0M	$2.4M	75x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0277% / S −0.0159%	1h	0.2193	+0.687%	$830K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2196	+0.838%	$506K	$1.6M	50x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2193	+0.722%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0720%	1h	0.2190	+0.549%	$982K	$2.8M	20x	as long as short