Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0141%/8h= −15.4% APRpaid last 24h −0.029%

Price spread now: Bybit against edgeX−0.059%7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$650.650% of the position

Long on edgeX Short on Bybit

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)−0.399%−$40 · spread now −0.059%, 7d avg −0.060%

Together, before fees−0.531%+ Points / potential airdropedgeX: Active · farm board−$53 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.060%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ARBUSDC	0.2225	0.0100	pay 0.0050% / 4h	2h 01m	$40K	$463K	20x
Short	Bybit ARBUSDT	0.2224	−0.0041	pay 0.0041% / 8h	6h 01m	$56.6M	$127.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against edgeX. 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 edgeXbpFee BybitbpOrdersPrice spread, now −0.059%Rate

Funding earned: −$29.6
Price spread: −0.059% → −0.060%: $0.08
Slippage, 4 orders: −$45.02
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$94.54
Costs to cover: 0.650%
Break-even: never at this rate

Slippage from edgeX: live order book, 3 min ago; Bybit: live order book, 3 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 edgeX live order book, 3 min ago	13.48 bp	20.1 bp −$20	71.6 bp −$716	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.22 bp	12.4 bp −$12	27.9 bp −$279	53.6 bp −$5,357	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	−0.1692%	1h	0.2213	−0.540%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0208%	1h	0.2223	−0.073%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0204%	1h	0.2225	−0.001%	$10K	$2.4M	5x	as long as short
Variational Omni ARB	−0.0151%	8h	0.2224	−0.065%	$1.9M	$2.9M	—	as long as short
OKX ARB-USDT-SWAP	−0.0132%	8h	0.2223	−0.077%	$22.4M	$154.7M	50x	as long as short
MEXC ARB_USDT	−0.0131%	8h	0.2225	+0.017%	$38.9M	$60.3M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0070%	8h	0.2224	−0.046%	$12K	$383K	10x	as long as short
Bybit ARBUSDTshort	−0.0041%	8h	0.2224	−0.059%	$56.6M	$127.6M	50x
Gate ARB_USDT	−0.0040%	8h	0.2226	+0.026%	$5.4M	$20.0M	60x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0020%	1h	0.2225	+0.017%	$24K	$34K	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2225	−0.021%	$66K	$5K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2224	−0.067%	$353K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0003%	8h	0.2225	−0.014%	$64.8M	$314.5M	75x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0011%	1h	0.2226	+0.025%	$10K	—	150x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2225	+0.011%	$141K	$7K	3x	as long as short
Phemex ARBUSDT	+0.0083%	8h	0.2223	−0.091%	$5.0M	$13.0M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2226	+0.031%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2226	+0.040%	$38.7M	$51.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2225	−0.009%	$661K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2222	−0.115%	$42K	$183K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2225	+0.017%	$19.6M	$15.7M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2225	−0.001%	$21.3M	$35.9M	50x	as long as short
BingX ARB-USDC	+0.0100%	8h	0.2224	−0.032%	—	$6.5M	—	as long as short
edgeX ARBUSDClong	+0.0100%	4h	0.2225	long leg	$40K	$463K	20x
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2226	+0.038%	$482K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2224	−0.046%	$120K	$285K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2224	−0.041%	$84K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2226	+0.044%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2225	+0.008%	$298K	$982K	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0240%	1h	0.2227	+0.098%	$509K	$2.1M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2226	+0.037%	$830K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2223	−0.080%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0310%	1h	0.2226	+0.029%	$1.1M	$4.7M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2225	−0.011%	$490K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0544%	1h	0.2229	+0.166%	$1.0M	$2.8M	20x	as long as short