Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0042%/8h= −4.6% APRpaid last 24h −0.031%

Price spread now: 01 Exchange against OKX+0.031%7-day average — · you sell dearer than you buy

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

Long on OKX Short on 01 Exchange

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—needs both histories

The price spread pays, funding is against you. 01 Exchange is 0.031% dearer against OKX than usual: you sell high and buy low (spread +0.031% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ARB-USDT-SWAP	0.2240	−0.0118	get 0.0118% / 8h	7h 49m	$22.5M	$157.1M	50x
Short	01 Exchange ARBUSD	0.2241	−0.0160	pay 0.0020% / 1h	49m 20s	$7K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.031%Rate

Funding earned: −$8.87
Price spread: +0.031% → 0.000%: $3.12
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$22.74
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 5 min ago; 01 Exchange: 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 OKX live order book, 5 min ago	0.22 bp	6.6 bp −$7	22.0 bp −$220	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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	−0.1666%	1h	0.2235	−0.241%	$40K	$372K	12x	as long as short
Bybit ARBUSDT	−0.0406%	8h	0.2240	−0.018%	$57.8M	$127.4M	50x	as long as short
Variational Omni ARB	−0.0211%	8h	0.2243	+0.094%	$1.9M	$2.8M	—	as long as short
01 Exchange ARBUSDshort	−0.0160%	1h	0.2241	+0.031%	$7K	$2K	10x
Kraken Futures PF_ARBUSD	−0.0139%	1h	0.2241	+0.036%	$1.1M	$4.9M	50x	as long as short
OKX ARB-USDT-SWAPlong	−0.0118%	8h	0.2240	long leg	$22.5M	$157.1M	50x
MEXC ARB_USDT	−0.0117%	8h	0.2240	+0.004%	$38.1M	$58.9M	200x	as long as short
Gate ARB_USDT	−0.0090%	8h	0.2242	+0.062%	$5.4M	$19.7M	60x	as long as short
SoDEX ARB-USD	−0.0078%	1h	0.2240	−0.040%	$4K	$2.6M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0042%	8h	0.2240	−0.018%	$13K	$387K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUAL	−0.0018%	1h	0.2240	−0.018%	$25K	$34K	25x	as long as short
Extended ARB-USD	−0.0016%	1h	0.2240	−0.001%	$360K	$2.5M	25x	as long as short
Binance ARBUSDT	−0.0015%	8h	0.2242	+0.058%	$66.0M	$312.4M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2241	+0.045%	$66K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2243	+0.097%	$55K	—	150x	as long as short
Polymarket Perps ARB-USD	+0.0035%	1h	0.2241	+0.022%	$66K	$2.0M	10x	as long as short
BingX ARB-USDC	+0.0045%	8h	0.2241	+0.027%	—	$6.5M	—	as long as short
Bitget ARBUSDT	+0.0049%	8h	0.2242	+0.071%	$21.2M	$36.0M	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2241	+0.027%	$142K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2241	+0.022%	$1.4M	$7.3M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2243	+0.116%	$40.4M	$47.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2240	−0.018%	$696K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2241	+0.044%	$44K	$187K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2241	+0.031%	$19.5M	$16.0M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2248	+0.345%	$40K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2248	+0.337%	$483K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2245	+0.205%	$121K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2245	+0.205%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2246	+0.259%	$292K	$1.0M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2240	−0.018%	$5.1M	$13.0M	50x	as long as short
BloFin ARB-USDT	+0.0107%	8h	0.2243	+0.107%	$3.1M	$2.7M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0232%	1h	0.2248	+0.330%	$507K	$2.2M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0290% / S −0.0177%	1h	0.2242	+0.089%	$892K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2240	−0.003%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0342%	1h	0.2243	+0.107%	$1.0M	$2.8M	20x	as long as short
RISEx ARB/USDC	+0.0384%	1h	0.2243	+0.121%	$500K	$2.7M	10x	as long as short