Funding you earn now, next payment 08:00 UTC+0.0026%/8h= +2.8% APRnext payment +$0.26 per $10,000 · paid last 24h +0.019%
Price spread now: Bybit against Orderly+0.112%7-day average −0.053% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.162%+$16 on $10k
+Price spread, last 3 days (all we have)−0.544%−$54 · spread now +0.112%, 7d avg −0.053%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.165% dearer against Orderly than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.053%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ARB_USDC | 0.2227 | −0.0070 | get 0.0070% / 8h | 5h 59m | $12K | $383K | 10x |
| Short | Bybit ARBUSDT | 0.2230 | −0.0044 | pay 0.0044% / 8h | 5h 59m | $56.8M | $127.6M | 50x |
Orderly PERP_ARB_USDC
Bybit ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $5.4
- Price spread: +0.112% → −0.053%
- $16.49
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $4.89
- Costs to cover
- 0.170%
- Break-even
- 0.7 days
Slippage unknown: Orderly: no order-book sample; Bybit: 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 Bybit live order book, 4 min ago | 0.22 bp | 12.4 bp −$12 | 27.9 bp −$279 | 53.6 bp −$5,357 | 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 35 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 | 0.2213 | −0.629% | $40K | $372K | 12x | as long as short |
| SoDEX ARB-USD | −0.0204% | 1h | 0.2227 | +0.013% | $10K | $2.4M | 5x | as long as short |
| Variational Omni ARB | −0.0151% | 8h | 0.2224 | −0.154% | $1.9M | $2.9M | — | as long as short |
| OKX ARB-USDT-SWAP | −0.0134% | 8h | 0.2230 | +0.121% | $22.5M | $154.3M | 50x | as long as short |
| MEXC ARB_USDT | −0.0133% | 8h | 0.2230 | +0.126% | $39.0M | $58.9M | 200x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0109% | 1h | 0.2228 | +0.031% | $25K | $34K | 25x | as long as short |
| 01 Exchange ARBUSD | −0.0104% | 1h | 0.2230 | +0.139% | $7K | $2K | 10x | as long as short |
| Orderly PERP_ARB_USDClong | −0.0070% | 8h | 0.2227 | long leg | $12K | $383K | 10x | |
| Gate ARB_USDT | −0.0048% | 8h | 0.2230 | +0.148% | $5.4M | $18.9M | 60x | as long as short |
| Bybit ARBUSDTshort | −0.0044% | 8h | 0.2230 | +0.112% | $56.8M | $127.6M | 50x |
Injective ARB/USDC PERP
SoDEX ARB-USD
Variational Omni ARB
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Deribit ARB_USDC-PERPETUAL
01 Exchange ARBUSD
Gate ARB_USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2231 | +0.163% | $66K | $5K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2229 | +0.082% | $353K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0004% | 8h | 0.2231 | +0.170% | $65.0M | $313.2M | 75x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0011% | 1h | 0.2228 | +0.057% | $10K | — | 150x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2228 | +0.053% | $141K | $7K | 3x | as long as short |
| Phemex ARBUSDT | +0.0088% | 8h | 0.2226 | −0.045% | $5.0M | $13.0M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2230 | +0.153% | $1.2M | $6.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2232 | +0.207% | $38.8M | $51.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2229 | +0.075% | $662K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2230 | +0.147% | $43K | $179K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2231 | +0.180% | $19.7M | $15.7M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2230 | +0.135% | $21.3M | $35.5M | 50x | as long as short |
| BingX ARB-USDT | +0.0100% | 8h | 0.2230 | +0.135% | — | $54.5M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2225 | −0.089% | $40K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2226 | −0.051% | $482K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2224 | −0.135% | $120K | $285K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2228 | +0.045% | $85K | $2.1M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2231 | +0.180% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2225 | −0.085% | $298K | $976K | 50x | as long as short |
| RISEx ARB/USDC | +0.0232% | 1h | 0.2231 | +0.198% | $491K | $2.7M | 10x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0240% | 1h | 0.2227 | +0.009% | $509K | $2.1M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2228 | +0.051% | $831K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2226 | −0.050% | $2K | $695 | 20x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0310% | 1h | 0.2229 | +0.081% | $1.1M | $4.7M | 50x | as long as short |
| Backpack ARB_USDC_PERP | +0.0544% | 1h | 0.2231 | +0.166% | $1.0M | $2.8M | 20x | as long as short |
dYdX ARB-USD
Extended ARB-USD
Binance ARBUSDT
gTrade (Gains Network) ARB/USD
Aevo ARB-PERP
Phemex ARBUSDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDT
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
RISEx ARB/USDC
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Kraken Futures PF_ARBUSD
Backpack ARB_USDC_PERP