Funding you earn now, next payment 00:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.54 per $10,000 · paid last 24h +0.036%
Price spread now: Binance against Orderly−0.216%7-day average −0.012% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.152%+$15 on $10k
+Price spread, last 3 days (all we have)−0.461%−$46 · spread now −0.216%, 7d avg −0.012%
=Funding pays, the price is against you. Binance is 0.204% cheaper against Orderly than usual: you would sell low and buy high (spread −0.216% now, against its 7-day average of −0.012%). If the spread goes back, that is −$20 on $10k: about 13 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ARB_USDC | 0.2266 | −0.0038 | get 0.0038% / 8h | 24m 07s | $13K | $395K | 10x |
| Short | Binance ARBUSDT | 0.2261 | 0.0016 | get 0.0016% / 8h | 24m 07s | $66.4M | $313.0M | 75x |
Orderly PERP_ARB_USDC
Binance ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Orderly. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $11.32
- Price spread: −0.216% → −0.012%
- −$20.42
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$25.1
- Costs to cover
- 0.160%
- Break-even
- 22.5 days
Slippage unknown: Orderly: no order-book sample; Binance: live order book, 4 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 4 min ago | 0.22 bp | 6.3 bp −$6 | 18.1 bp −$181 | 70.3 bp −$7,028 | doesn't fit |
Orderly: 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 | 0.2261 | −0.221% | $41K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0269% | 1h | 0.2266 | −0.022% | $74K | $2.0M | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0191% | 1h | 0.2266 | 0.000% | $26K | $32K | 25x | as long as short |
| Variational Omni ARB | −0.0183% | 8h | 0.2274 | +0.344% | $2.0M | $2.8M | — | as long as short |
| 01 Exchange ARBUSD | −0.0176% | 1h | 0.2266 | −0.009% | $7K | $2K | 10x | as long as short |
| Bybit ARBUSDT | −0.0162% | 8h | 0.2260 | −0.269% | $58.3M | $128.3M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0109% | 8h | 0.2259 | −0.296% | $22.9M | $159.1M | 50x | as long as short |
| MEXC ARB_USDT | −0.0108% | 8h | 0.2260 | −0.265% | $37.7M | $59.8M | 200x | as long as short |
| SoDEX ARB-USD | −0.0068% | 1h | 0.2265 | −0.040% | $10K | $2.6M | 5x | as long as short |
| Orderly PERP_ARB_USDClong | −0.0038% | 8h | 0.2266 | long leg | $13K | $395K | 10x |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
Deribit ARB_USDC-PERPETUAL
Variational Omni ARB
01 Exchange ARBUSD
Bybit ARBUSDT
OKX ARB-USDT-SWAP
MEXC ARB_USDT
SoDEX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2269 | +0.119% | $67K | $4K | 10x | as long as short |
| Gate ARB_USDT | +0.0002% | 8h | 0.2260 | −0.282% | $5.4M | $20.2M | 60x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2267 | +0.039% | $55K | — | 150x | as long as short |
| Binance ARBUSDTshort | +0.0016% | 8h | 0.2261 | −0.216% | $66.4M | $313.0M | 75x | |
| Extended ARB-USD | +0.0016% | 1h | 0.2264 | −0.067% | $361K | $2.3M | 25x | as long as short |
| Bitget ARBUSDT | +0.0063% | 8h | 0.2260 | −0.265% | $21.2M | $35.9M | 50x | as long as short |
| BloFin ARB-USDT | +0.0064% | 8h | 0.2268 | +0.097% | $3.2M | $2.8M | 75x | as long as short |
| BingX ARB-USDT | +0.0066% | 8h | 0.2259 | −0.291% | — | $53.8M | — | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2268 | +0.071% | $148K | $12K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2266 | 0.000% | $1.4M | $7.5M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2263 | −0.137% | $40.9M | $47.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2266 | +0.002% | $706K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2269 | +0.112% | $48K | $184K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2261 | −0.234% | $19.6M | $16.1M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2279 | +0.561% | $40K | $460K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2274 | +0.353% | $486K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2281 | +0.662% | $123K | $295K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2269 | +0.132% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2263 | −0.150% | $289K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2260 | −0.265% | $5.2M | $13.1M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0216% | 1h | 0.2263 | −0.132% | $509K | $2.3M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0236% | 1h | 0.2266 | −0.005% | $1.2M | $4.9M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2265 | −0.049% | $2K | $695 | 20x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0296% / S −0.0186% | 1h | 0.2267 | +0.027% | $926K | — | 150x | as long as short |
| RISEx ARB/USDC | +0.0330% | 1h | 0.2269 | +0.128% | $515K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0473% | 1h | 0.2264 | −0.102% | $1.0M | $2.9M | 20x | as long as short |
dYdX ARB-USD
Gate ARB_USDT
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Bitget ARBUSDT
BloFin ARB-USDT
BingX ARB-USDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
Kraken Futures PF_ARBUSD
Reya ARBRUSDPERP
GMX ARB/USD [ARB-USDC]
RISEx ARB/USDC
Backpack ARB_USDC_PERP