Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.029%

Price spread now: edgeX against gTrade (Gains Network)+0.440%68s7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and edgeX is 0.440% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$44 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 68 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	gTrade (Gains Network) ARB/USD	0.2208	L +0.0005% / S −0.0013%	pay 0.0001% / 1h	3m 55s	$11K	—	150x
Short	edgeX ARBUSDC	0.2218	0.0100	get 0.0050% / 4h	1h 03m	$40K	$462K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee edgeXbpOrdersPrice spread, now +0.440%Rate

Funding earned: $20.03
Price spread: +0.440% → 0.000%: $44.01
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $45.04
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): no order-book sample; edgeX: live order book, 60 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell edgeX live order book, 60 min ago	13.48 bp	22.3 bp −$22	96.4 bp −$964	doesn't fit	doesn't fit

gTrade (Gains Network): 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	−0.1577%	1h	0.2211	+0.145%	$40K	$372K	12x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0384%	1h	0.2207	−0.041%	$24K	$34K	25x	as long as short
OKX ARB-USDT-SWAP	−0.0149%	8h	0.2208	−0.009%	$22.2M	$149.0M	50x	as long as short
MEXC ARB_USDT	−0.0146%	8h	0.2208	−0.005%	$39.5M	$60.0M	200x	as long as short
Polymarket Perps ARB-USD	−0.0140%	1h	0.2210	+0.113%	$87K	$2.1M	10x	as long as short
Variational Omni ARB	−0.0133%	8h	0.2209	+0.042%	$1.8M	$3.0M	—	as long as short
01 Exchange ARBUSD	−0.0128%	1h	0.2210	+0.113%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0123%	1h	0.2206	−0.072%	$10K	$2.3M	5x	as long as short
Gate ARB_USDT	−0.0107%	8h	0.2207	−0.036%	$5.4M	$19.3M	60x	as long as short
Kraken Futures PF_ARBUSD	−0.0099%	1h	0.2208	−0.004%	$1.1M	$4.4M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ARB_USDC	−0.0078%	8h	0.2207	−0.036%	$13K	$388K	10x	as long as short
Bybit ARBUSDT	−0.0066%	8h	0.2207	−0.018%	$56.1M	$126.0M	50x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2214	+0.265%	$65K	$5K	10x	as long as short
gTrade (Gains Network) ARB/USDlong	L +0.0005% / S −0.0013%	1h	0.2208	long leg	$11K	—	150x
Extended ARB-USD	+0.0016%	1h	0.2206	−0.066%	$351K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0020%	8h	0.2208	0.000%	$64.4M	$306.7M	75x	as long as short
Phemex ARBUSDT	+0.0036%	8h	0.2206	−0.082%	$5.0M	$12.9M	50x	as long as short
Bitget ARBUSDT	+0.0070%	8h	0.2207	−0.036%	$21.1M	$34.6M	50x	as long as short
BingX ARB-USDT	+0.0073%	8h	0.2206	−0.091%	—	$53.9M	—	as long as short
BloFin ARB-USDT	+0.0078%	8h	0.2213	+0.213%	$3.1M	$2.6M	75x	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2207	−0.055%	$140K	$7K	3x	as long as short
ApeX Omni ARBUSDT	+0.0090%	1h	0.2220	+0.553%	$120K	$283K	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2207	−0.041%	$1.2M	$6.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2208	+0.009%	$38.2M	$49.1M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2209	+0.042%	$647K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2212	+0.188%	$42K	$169K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2208	0.000%	$19.5M	$15.3M	75x	as long as short
edgeX ARBUSDCshort	+0.0100%	4h	0.2218	+0.440%	$40K	$462K	20x
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2223	+0.688%	$482K	$3.6M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2213	+0.236%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2211	+0.145%	$301K	$939K	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2208	+0.014%	$494K	$2.0M	50x	as long as short
RISEx ARB/USDC	+0.0232%	1h	0.2213	+0.214%	$489K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2208	+0.003%	$825K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2208	+0.017%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0534%	1h	0.2209	+0.063%	$995K	$2.8M	20x	as long as short