Funding you earn now, next payment 08:00 UTC+0.0163%/8h= +17.9% APRnext payment +$1.63 per $10,000 · paid last 24h +0.048%
Price spread now: HTX against Orderly−0.063%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+0.294%+$29 on $10k
+Price spread, last 3 days (all we have)−0.044%−$4 · spread now −0.063%, 7d avg −0.012%
=Funding pays, the price is against you. HTX is 0.051% cheaper against Orderly than usual: you would sell low and buy high (spread −0.063% now, against its 7-day average of −0.012%). If the spread goes back, that is −$5 on $10k: about 25 hours of funding at the current rate (+$5 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ARB_USDC | 0.2219 | −0.0063 | get 0.0063% / 8h | 6h 17m | $12K | $383K | 10x |
| Short | HTX ARB-USDT | 0.2218 | 0.0100 | get 0.0100% / 8h | 6h 17m | $298K | $996K | 50x |
Orderly PERP_ARB_USDC
HTX ARB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- $34.24
- Price spread: −0.063% → −0.012%
- −$5.06
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- $11.18
- Costs to cover
- 0.180%
- Break-even
- 4.7 days
Slippage unknown: Orderly: no order-book sample; HTX: live order book, 6 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 HTX live order book, 6 min ago | 11.24 bp | 20.3 bp −$20 | doesn't fit | doesn't fit | 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 | 0.2206 | −0.586% | $40K | $372K | 12x | as long as short |
| SoDEX ARB-USD | −0.0227% | 1h | 0.2219 | +0.014% | $10K | $2.5M | 5x | as long as short |
| 01 Exchange ARBUSD | −0.0224% | 1h | 0.2214 | −0.239% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0167% | 8h | 0.2218 | −0.057% | $1.9M | $2.9M | — | as long as short |
| OKX ARB-USDT-SWAP | −0.0126% | 8h | 0.2214 | −0.234% | $22.4M | $156.4M | 50x | as long as short |
| MEXC ARB_USDT | −0.0125% | 8h | 0.2214 | −0.239% | $39.2M | $60.2M | 200x | as long as short |
| Gate ARB_USDT | −0.0068% | 8h | 0.2215 | −0.194% | $5.4M | $19.9M | 60x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0065% | 1h | 0.2219 | +0.014% | $24K | $34K | 25x | as long as short |
| Orderly PERP_ARB_USDClong | −0.0063% | 8h | 0.2219 | long leg | $12K | $383K | 10x | |
| Bybit ARBUSDT | −0.0042% | 8h | 0.2214 | −0.221% | $56.6M | $128.6M | 50x | as long as short |
Injective ARB/USDC PERP
SoDEX ARB-USD
01 Exchange ARBUSD
Variational Omni ARB
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Gate ARB_USDT
Deribit ARB_USDC-PERPETUAL
Bybit ARBUSDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2218 | −0.065% | $66K | $5K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2212 | −0.299% | $355K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0002% | 8h | 0.2215 | −0.188% | $64.6M | $317.1M | 75x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0011% | 1h | 0.2220 | +0.064% | $10K | — | 150x | as long as short |
| ApeX Omni ARBUSDT | +0.0018% | 1h | 0.2220 | +0.045% | $120K | $285K | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2220 | +0.068% | $141K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2216 | −0.117% | $1.2M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2217 | −0.086% | $38.7M | $51.8M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2217 | −0.100% | $660K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2216 | −0.117% | $42K | $184K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2217 | −0.108% | $19.6M | $15.7M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2214 | −0.225% | $21.2M | $36.4M | 50x | as long as short |
| BingX ARB-USDC | +0.0100% | 8h | 0.2213 | −0.257% | — | $6.5M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2220 | +0.050% | $40K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2224 | +0.209% | $474K | $3.7M | 10x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2219 | −0.018% | $77K | $2.1M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2219 | 0.000% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDTshort | +0.0100% | 8h | 0.2218 | −0.063% | $298K | $996K | 50x | |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2217 | −0.090% | $5.0M | $13.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0240% | 1h | 0.2222 | +0.135% | $508K | $2.1M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2221 | +0.080% | $829K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2217 | −0.088% | $2K | $695 | 20x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0311% | 1h | 0.2219 | +0.017% | $1.1M | $4.7M | 50x | as long as short |
| RISEx ARB/USDC | +0.0466% | 1h | 0.2215 | −0.162% | $477K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0536% | 1h | 0.2221 | +0.090% | $1.0M | $2.9M | 20x | as long as short |
dYdX ARB-USD
Extended ARB-USD
Binance ARBUSDT
gTrade (Gains Network) ARB/USD
ApeX Omni ARBUSDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDC
edgeX ARBUSDC
GRVT ARB_USDT_Perp
Polymarket Perps ARB-USD
SunX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Kraken Futures PF_ARBUSD
RISEx ARB/USDC
Backpack ARB_USDC_PERP