Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0249%/8h= +27.3% APRpaid last 24h +0.071%

Price spread now: Reya against Gate−0.201%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Reya

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 airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.201% cheaper against Gate than usual: you would sell low and buy high (spread −0.201% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 2.7 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ARB_USDT	0.2251	0.0041	pay 0.0041% / 8h	1h 07m	$5.5M	$20.7M	60x
Short	Reya ARBRUSDPERP	0.2247	0.0290	get 0.0036% / 1h	7m 52s	$2K	$695	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Gate. 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 GatebpFee ReyabpOrdersPrice spread, now −0.201%Rate

Funding earned: $52.38
Price spread: −0.201% → 0.000%: −$20.11
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Reya: 3 bp × 2 orders: −$6
Net: $11.26
Costs to cover: 0.210%
Break-even: 5.5 days

Slippage unknown: Gate: live order book, 1 min ago; Reya: 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 Gate live order book, 1 min ago	1.56 bp	19.3 bp −$19	31.6 bp −$316	84.5 bp −$8,449	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	−0.1770%	1h	0.2233	−0.822%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0232%	1h	0.2248	−0.173%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0194%	1h	0.2248	−0.155%	$4K	$2.7M	5x	as long as short
Variational Omni ARB	−0.0171%	8h	0.2243	−0.362%	$1.9M	$2.7M	—	as long as short
Bybit ARBUSDT	−0.0154%	8h	0.2251	−0.004%	$58.2M	$132.2M	50x	as long as short
Polymarket Perps ARB-USD	−0.0133%	1h	0.2247	−0.200%	$72K	$2.0M	10x	as long as short
MEXC ARB_USDT	−0.0100%	8h	0.2251	−0.022%	$37.2M	$62.9M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0099%	8h	0.2251	−0.009%	$22.5M	$160.6M	50x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0061%	1h	0.2249	−0.115%	$26K	$32K	25x	as long as short
Orderly PERP_ARB_USDC	−0.0039%	8h	0.2247	−0.200%	$10K	$394K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ARB-USD	−0.0008%	1h	0.2250	−0.080%	$356K	$2.3M	25x	as long as short
Binance ARBUSDT	−0.0004%	8h	0.2252	+0.034%	$64.5M	$315.8M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2253	+0.054%	$67K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2250	−0.077%	$56K	—	150x	as long as short
Gate ARB_USDTlong	+0.0041%	8h	0.2251	long leg	$5.5M	$20.7M	60x
BingX ARB-USDC	+0.0066%	8h	0.2250	−0.062%	—	$6.5M	—	as long as short
Bitget ARBUSDT	+0.0067%	8h	0.2251	−0.022%	$21.3M	$37.1M	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2249	−0.107%	$147K	$12K	3x	as long as short
Kraken Futures PF_ARBUSD	+0.0085%	1h	0.2250	−0.058%	$1.1M	$5.1M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2253	+0.089%	$1.3M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2255	+0.147%	$40.3M	$48.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2251	−0.025%	$700K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2249	−0.103%	$44K	$192K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2251	−0.004%	$20.8M	$16.4M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2245	−0.287%	$40K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2240	−0.489%	$486K	$3.8M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2239	−0.555%	$121K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2250	−0.067%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2247	−0.182%	$277K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2249	−0.111%	$5.2M	$13.3M	50x	as long as short
BloFin ARB-USDT	+0.0114%	8h	0.2247	−0.209%	$3.0M	$3.3M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0264%	1h	0.2250	−0.067%	$508K	$2.3M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0274% / S −0.0156%	1h	0.2249	−0.095%	$843K	—	150x	as long as short
Reya ARBRUSDPERPshort	+0.0290%	1h	0.2247	−0.201%	$2K	$695	20x
RISEx ARB/USDC	+0.0363%	1h	0.2250	−0.076%	$497K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0629%	1h	0.2252	+0.036%	$1.1M	$2.7M	20x	as long as short