Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.018%

Price spread now: edgeX against Extended−0.200%93s7-day average +0.119% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$620.625% of the position

Long on Extended Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.136%+$14 on $10k

Price spread, last 4 days (all we have)+0.839%+$84 · spread now −0.200%, 7d avg +0.119%

Together, before fees+0.976%+ Points / potential airdropExtended: Active · edgeX: Active · farm board+$98 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.319% cheaper against Extended than usual: you would sell low and buy high (spread −0.200% now, against its 7-day average of +0.119%). If the spread goes back, that is −$32 on $10k: about 11 days of funding at the current rate (+$3 a day). The two prices were read 93 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	Extended ARB-USD	0.2179	0	get 0.0000% / 1h	15m 45s	$347K	$3.1M	25x
Short	edgeX ARBUSDC	0.2175	0.0100	get 0.0050% / 4h	15m 45s	$38K	$465K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Extended. 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 ExtendedbpFee edgeXbpOrdersPrice spread, now −0.200%Rate

Funding earned: $21
Price spread: −0.200% → +0.119%: −$31.89
Slippage, 4 orders: −$48.47
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$73.36
Costs to cover: 0.625%
Break-even: 31.5 days

Slippage from Extended: live order book, 3 min ago; edgeX: live order book, 23 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 Extended live order book, 3 min ago	9.19 bp	11.7 bp −$12	73.2 bp −$732	doesn't fit	doesn't fit
Sell edgeX live order book, 23 min ago	11.46 bp	18.7 bp −$19	107.6 bp −$1,076	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	0.2172	−0.318%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0200%	1h	0.2181	+0.099%	$7K	$236	10x	as long as short
OKX ARB-USDT-SWAP	−0.0080%	8h	0.2180	+0.035%	$21.8M	$144.3M	50x	as long as short
MEXC ARB_USDT	−0.0079%	8h	0.2180	+0.035%	$41.7M	$62.7M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0045%	8h	0.2181	+0.095%	$13K	$403K	10x	as long as short
SoDEX ARB-USD	−0.0008%	1h	0.2180	+0.067%	$9K	$2.2M	5x	as long as short
Polymarket Perps ARB-USD	−0.0004%	1h	0.2181	+0.109%	$76K	$2.1M	10x	as long as short
Binance ARBUSDT	−0.0003%	8h	0.2180	+0.035%	$62.5M	$300.1M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2183	+0.194%	$65K	$5K	10x	as long as short
Extended ARB-USDlong	0.0000%	1h	0.2179	long leg	$347K	$3.1M	25x

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	0.2181	+0.109%	$28K	$38K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0007%	1h	0.2182	+0.141%	$69K	—	150x	as long as short
Variational Omni ARB	+0.0016%	8h	0.2180	+0.059%	$1.8M	$3.0M	—	as long as short
Gate ARB_USDT	+0.0018%	8h	0.2180	+0.040%	$5.4M	$18.5M	60x	as long as short
Bybit ARBUSDT	+0.0019%	8h	0.2180	+0.026%	$53.1M	$126.0M	50x	as long as short
RISEx ARB/USDC	+0.0069%	1h	0.2182	+0.157%	$500K	$2.7M	10x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2182	+0.137%	$138K	$7K	3x	as long as short
BingX ARB-USDC	+0.0085%	8h	0.2180	+0.072%	—	$6.5M	—	as long as short
Bitget ARBUSDT	+0.0086%	8h	0.2179	+0.003%	$21.1M	$34.6M	50x	as long as short
Kraken Futures PF_ARBUSD	+0.0093%	1h	0.2181	+0.118%	$1.1M	$4.3M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2179	+0.017%	$1.3M	$5.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2181	+0.104%	$36.8M	$49.6M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2181	+0.114%	$625K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2183	+0.177%	$43K	$147K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2181	+0.077%	$19.4M	$13.9M	75x	as long as short
edgeX ARBUSDCshort	+0.0100%	4h	0.2175	−0.200%	$38K	$465K	20x
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2176	−0.153%	$467K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2174	−0.226%	$117K	$279K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2184	+0.233%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2183	+0.178%	$292K	$840K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2181	+0.095%	$4.8M	$12.7M	50x	as long as short
BloFin ARB-USDT	+0.0116%	8h	0.2182	+0.136%	$3.0M	$2.3M	75x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2181	+0.075%	$823K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2181	+0.096%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0336%	1h	0.2188	+0.416%	$513K	$1.5M	50x	as long as short
Backpack ARB_USDC_PERP	+0.0479%	1h	0.2182	+0.159%	$980K	$2.9M	20x	as long as short