Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0190%/8h= +20.8% APRpaid last 24h +0.057%

Price spread now: Reya against KuCoin−0.136%7-day average — · you buy dearer than you sell

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

Long on KuCoin 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 0.136% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.136% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 2.4 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ARBUSDTM	0.2273	0.0100	pay 0.0100% / 8h	14m 11s	$19.7M	$16.1M	75x
Short	Reya ARBRUSDPERP	0.2270	0.0290	get 0.0036% / 1h	14m 11s	$2K	$695	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against KuCoin. 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 KuCoinbpFee ReyabpOrdersPrice spread, now −0.136%Rate

Funding earned: $39.94
Price spread: −0.136% → 0.000%: −$13.6
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $8.34
Costs to cover: 0.180%
Break-even: 5.5 days

Slippage unknown: KuCoin: live order book, 5 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 KuCoin live order book, 5 min ago	2.43 bp	20.1 bp −$20	44.2 bp −$442	doesn't fit	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	−0.1785%	1h	0.2260	−0.589%	$41K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0250%	1h	0.2272	−0.079%	$68K	$2.0M	10x	as long as short
Variational Omni ARB	−0.0186%	8h	0.2268	−0.250%	$2.0M	$2.8M	—	as long as short
01 Exchange ARBUSD	−0.0184%	1h	0.2272	−0.053%	$7K	$2K	10x	as long as short
Bybit ARBUSDT	−0.0171%	8h	0.2271	−0.097%	$58.6M	$128.2M	50x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0146%	1h	0.2273	−0.026%	$26K	$32K	25x	as long as short
SoDEX ARB-USD	−0.0142%	1h	0.2272	−0.066%	$4K	$2.6M	5x	as long as short
OKX ARB-USDT-SWAP	−0.0108%	8h	0.2271	−0.084%	$22.9M	$160.0M	50x	as long as short
MEXC ARB_USDT	−0.0107%	8h	0.2272	−0.053%	$38.7M	$60.1M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0040%	8h	0.2272	−0.062%	$13K	$394K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ARB_USDT	−0.0007%	8h	0.2272	−0.048%	$5.5M	$20.3M	60x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2276	+0.113%	$67K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2274	+0.035%	$56K	—	150x	as long as short
Binance ARBUSDT	+0.0013%	8h	0.2272	−0.065%	$66.8M	$313.7M	75x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2271	−0.092%	$361K	$2.3M	25x	as long as short
BloFin ARB-USDT	+0.0052%	8h	0.2274	+0.013%	$3.2M	$2.8M	75x	as long as short
Bitget ARBUSDT	+0.0059%	8h	0.2271	−0.106%	$21.4M	$36.0M	50x	as long as short
BingX ARB-USDT	+0.0062%	8h	0.2271	−0.092%	—	$54.3M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2274	+0.009%	$149K	$12K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2274	+0.018%	$1.4M	$7.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2274	+0.040%	$41.2M	$47.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2274	+0.041%	$709K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2276	+0.104%	$47K	$184K	10x	as long as short
KuCoin ARBUSDTMlong	+0.0100%	8h	0.2273	long leg	$19.7M	$16.1M	75x
edgeX ARBUSDC	+0.0100%	4h	0.2264	−0.397%	$40K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2265	−0.369%	$486K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2266	−0.326%	$122K	$296K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2275	+0.070%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2273	−0.040%	$292K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2272	−0.062%	$5.2M	$13.1M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0216%	1h	0.2274	+0.026%	$513K	$2.3M	50x	as long as short
Kraken Futures PF_ARBUSD	+0.0235%	1h	0.2275	+0.051%	$1.2M	$4.9M	50x	as long as short
Reya ARBRUSDPERPshort	+0.0290%	1h	0.2270	−0.136%	$2K	$695	20x
GMX ARB/USD [ARB-USDC]	L +0.0296% / S −0.0186%	1h	0.2274	+0.014%	$929K	—	150x	as long as short
RISEx ARB/USDC	+0.0330%	1h	0.2275	+0.064%	$517K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0481%	1h	0.2275	+0.084%	$1.0M	$2.9M	20x	as long as short