Funding you earn now, next payment 04:00 UTC−0.0155%/8h= −17.0% APRpaid last 24h −0.048%
Price spread now: Orderly against edgeX−0.023%71s7-day average −0.001% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.294%−$29 on $10k
+Price spread, last 3 days (all we have)+0.456%+$46 · spread now −0.023%, 7d avg −0.001%
=Together, before fees+0.162%+ Points / potential airdropedgeX: Active · farm board+$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Orderly is 0.022% cheaper against edgeX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.001%). Swap the legs. The two prices were read 71 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 | edgeX ARBUSDC | 0.2216 | 0.0100 | pay 0.0050% / 4h | 2h 41m | $40K | $463K | 20x |
| Short | Orderly PERP_ARB_USDC | 0.2215 | −0.0055 | pay 0.0055% / 8h | 6h 41m | $12K | $381K | 10x |
edgeX ARBUSDC
Orderly PERP_ARB_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against edgeX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$32.65
- Price spread: −0.023% → −0.001%
- −$2.17
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$49.82
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: edgeX: live order book, 27 min ago; Orderly: no order-book sample. 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 edgeX live order book, 27 min ago | 15.45 bp | 23.2 bp −$23 | 95.8 bp −$958 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | −0.1692% | 1h | 0.2210 | −0.249% | $40K | $372K | 12x | as long as short |
| ApeX Omni ARBUSDT | −0.0493% | 1h | 0.2218 | +0.112% | $120K | $295K | 50x | as long as short |
| 01 Exchange ARBUSD | −0.0224% | 1h | 0.2214 | −0.068% | $7K | $2K | 10x | as long as short |
| SoDEX ARB-USD | −0.0195% | 1h | 0.2216 | +0.013% | $10K | $2.5M | 5x | as long as short |
| Variational Omni ARB | −0.0184% | 8h | 0.2212 | −0.158% | $1.9M | $2.9M | — | as long as short |
| OKX ARB-USDT-SWAP | −0.0109% | 8h | 0.2218 | +0.112% | $22.4M | $157.6M | 50x | as long as short |
| MEXC ARB_USDT | −0.0105% | 8h | 0.2219 | +0.166% | $37.0M | $59.0M | 200x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0066% | 1h | 0.2216 | +0.031% | $24K | $34K | 25x | as long as short |
| Bybit ARBUSDT | −0.0057% | 8h | 0.2218 | +0.130% | $57.1M | $129.0M | 50x | as long as short |
| Orderly PERP_ARB_USDCshort | −0.0055% | 8h | 0.2215 | −0.023% | $12K | $381K | 10x |
Injective ARB/USDC PERP
ApeX Omni ARBUSDT
01 Exchange ARBUSD
SoDEX ARB-USD
Variational Omni ARB
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Deribit ARB_USDC-PERPETUAL
Bybit ARBUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ARB_USDT | −0.0006% | 8h | 0.2220 | +0.194% | $5.4M | $19.7M | 60x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2216 | +0.022% | $66K | $5K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2216 | +0.022% | $31K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0007% | 8h | 0.2219 | +0.163% | $64.9M | $318.2M | 75x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2218 | +0.116% | $353K | $2.5M | 25x | as long as short |
| BloFin ARB-USDT | +0.0029% | 8h | 0.2212 | −0.181% | $3.1M | $2.9M | 75x | as long as short |
| Lighter ARB | +0.0080% | 1h | 0.2216 | +0.022% | $1.2M | $7.4M | 15x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2217 | +0.053% | $141K | $7K | 3x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2221 | +0.261% | $38.2M | $50.5M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2217 | +0.064% | $660K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2216 | +0.011% | $42K | $189K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2220 | +0.212% | $19.6M | $15.9M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2219 | +0.157% | $21.2M | $36.3M | 50x | as long as short |
| BingX ARB-USDT | +0.0100% | 8h | 0.2219 | +0.157% | — | $54.6M | — | as long as short |
| edgeX ARBUSDClong | +0.0100% | 4h | 0.2216 | long leg | $40K | $463K | 20x | |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2215 | −0.039% | $471K | $3.6M | 10x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2217 | +0.063% | $75K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2214 | −0.068% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2218 | +0.126% | $296K | $1.0M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2214 | −0.068% | $5.0M | $13.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0240% | 1h | 0.2227 | +0.519% | $510K | $2.2M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2216 | +0.034% | $827K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2215 | −0.010% | $2K | $695 | 20x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0312% | 1h | 0.2217 | +0.072% | $1.1M | $4.7M | 50x | as long as short |
| RISEx ARB/USDC | +0.0466% | 1h | 0.2216 | +0.031% | $455K | $2.6M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0511% | 1h | 0.2220 | +0.216% | $1.0M | $2.9M | 20x | as long as short |
Gate ARB_USDT
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
BloFin ARB-USDT
Lighter ARB
Aevo ARB-PERP
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDT
GRVT ARB_USDT_Perp
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Kraken Futures PF_ARBUSD
RISEx ARB/USDC
Backpack ARB_USDC_PERP