Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.007%

Price spread now: SoDEX against OKX−0.117%7-day average +0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$300.301% of the position

Long on OKX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.028%−$3 on $10k

Price spread, last 3 days (all we have)+0.517%+$52 · spread now −0.117%, 7d avg +0.047%

Together, before fees+0.489%+$49 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and SoDEX is 0.164% cheaper against OKX than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.047%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ARB-USDT-SWAP	0.2220	−0.0106	get 0.0106% / 8h	6h 39m	$22.4M	$157.7M	50x
Short	SoDEX ARB-USD	0.2217	−0.0202	pay 0.0025% / 1h	39m 54s	$10K	$2.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against OKX. 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 OKXbpFee SoDEXbpOrdersPrice spread, now −0.117%Rate

Funding earned: −$20.28
Price spread: −0.117% → +0.047%: −$16.42
Slippage, 4 orders: −$12.1
Fee OKX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$66.8
Costs to cover: 0.301%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; SoDEX: live order book, 4 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 OKX live order book, 4 min ago	0.22 bp	10.1 bp −$10	23.8 bp −$238	doesn't fit	doesn't fit
Sell SoDEX live order book, 4 min ago	0.22 bp	5.6 bp −$6	18.4 bp −$184	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	−0.1692%	1h	0.2210	−0.428%	$40K	$372K	12x	as long as short
ApeX Omni ARBUSDT	−0.0289%	1h	0.2222	+0.113%	$120K	$296K	50x	as long as short
01 Exchange ARBUSD	−0.0224%	1h	0.2215	−0.198%	$7K	$2K	10x	as long as short
SoDEX ARB-USDshort	−0.0202%	1h	0.2217	−0.117%	$10K	$2.5M	5x
Variational Omni ARB	−0.0179%	8h	0.2218	−0.081%	$1.9M	$2.9M	—	as long as short
MEXC ARB_USDT	−0.0106%	8h	0.2219	−0.041%	$36.9M	$59.0M	200x	as long as short
OKX ARB-USDT-SWAPlong	−0.0106%	8h	0.2220	long leg	$22.4M	$157.7M	50x
Bybit ARBUSDT	−0.0063%	8h	0.2219	−0.009%	$57.1M	$129.1M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0056%	8h	0.2215	−0.203%	$12K	$380K	10x	as long as short
Gate ARB_USDT	−0.0032%	8h	0.2220	+0.005%	$5.4M	$19.7M	60x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2216	−0.158%	$66K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2216	−0.149%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2215	−0.225%	$31K	—	150x	as long as short
Binance ARBUSDT	+0.0005%	8h	0.2220	+0.001%	$64.9M	$318.4M	75x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2218	−0.057%	$353K	$2.5M	25x	as long as short
BloFin ARB-USDT	+0.0029%	8h	0.2212	−0.360%	$3.1M	$2.9M	75x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2216	−0.154%	$141K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2220	+0.023%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2222	+0.095%	$38.2M	$50.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2220	+0.005%	$661K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2216	−0.140%	$42K	$189K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2220	+0.032%	$19.6M	$15.9M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2220	+0.023%	$21.2M	$36.3M	50x	as long as short
BingX ARB-USDT	+0.0100%	8h	0.2219	−0.005%	—	$54.6M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2222	+0.100%	$40K	$460K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2215	−0.218%	$471K	$3.6M	10x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2214	−0.239%	$75K	$2.0M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2214	−0.248%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2214	−0.248%	$295K	$1.0M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2217	−0.113%	$5.0M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0240%	1h	0.2213	−0.302%	$507K	$2.2M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2215	−0.223%	$826K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2213	−0.288%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0311%	1h	0.2220	+0.007%	$1.1M	$4.8M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2218	−0.086%	$461K	$2.6M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0510%	1h	0.2223	+0.140%	$1.0M	$2.9M	20x	as long as short