Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0332%/8h= +36.3% APRpaid last 24h +0.104%

Price spread now: Reya against Orderly−0.026%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Reya

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.026% cheaper against Orderly than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 6 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ARB_USDC	0.2247	−0.0042	get 0.0042% / 8h	7h 52m	$13K	$390K	10x
Short	Reya ARBRUSDPERP	0.2246	0.0290	get 0.0036% / 1h	52m 49s	$2K	$695	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Orderly. 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 OrderlybpFee ReyabpOrdersPrice spread, now −0.026%Rate

Funding earned: $69.7
Price spread: −0.026% → 0.000%: −$2.64
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Reya: 3 bp × 2 orders: −$6
Net: $55.06
Costs to cover: 0.120%
Break-even: 1.5 days

Slippage unknown: Orderly: no order-book sample; Reya: 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 Orderly no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Orderly and Reya: 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	0.2243	−0.178%	$40K	$372K	12x	as long as short
Bybit ARBUSDT	−0.0585%	8h	0.2246	−0.036%	$58.0M	$127.4M	50x	as long as short
Gate ARB_USDT	−0.0289%	8h	0.2248	+0.045%	$5.4M	$19.7M	60x	as long as short
Variational Omni ARB	−0.0205%	8h	0.2254	+0.305%	$2.0M	$2.8M	—	as long as short
01 Exchange ARBUSD	−0.0168%	1h	0.2247	+0.009%	$7K	$2K	10x	as long as short
ApeX Omni ARBUSDT	−0.0163%	1h	0.2258	+0.490%	$122K	$295K	50x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0150%	1h	0.2247	+0.013%	$25K	$34K	25x	as long as short
Kraken Futures PF_ARBUSD	−0.0138%	1h	0.2249	+0.102%	$1.1M	$4.9M	50x	as long as short
MEXC ARB_USDT	−0.0120%	8h	0.2247	+0.009%	$38.4M	$58.9M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0119%	8h	0.2247	0.000%	$22.7M	$157.5M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX ARB-USD	−0.0097%	1h	0.2248	+0.036%	$4K	$2.6M	5x	as long as short
Orderly PERP_ARB_USDClong	−0.0042%	8h	0.2247	long leg	$13K	$390K	10x
Polymarket Perps ARB-USD	−0.0041%	1h	0.2247	+0.009%	$66K	$2.0M	10x	as long as short
Binance ARBUSDT	−0.0011%	8h	0.2247	+0.019%	$66.2M	$312.6M	75x	as long as short
Extended ARB-USD	−0.0008%	1h	0.2247	−0.005%	$357K	$2.3M	25x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2250	+0.117%	$66K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2248	+0.036%	$56K	—	150x	as long as short
Phemex ARBUSDT	+0.0021%	8h	0.2247	0.000%	$5.1M	$13.0M	50x	as long as short
Bitget ARBUSDT	+0.0045%	8h	0.2248	+0.045%	$21.2M	$36.0M	50x	as long as short
BingX ARB-USDT	+0.0047%	8h	0.2247	+0.018%	—	$54.1M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2251	+0.180%	$143K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2250	+0.116%	$1.4M	$7.3M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2250	+0.129%	$40.6M	$47.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2248	+0.036%	$699K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2250	+0.151%	$47K	$183K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2247	+0.018%	$19.6M	$16.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2257	+0.433%	$40K	$460K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2257	+0.445%	$485K	$3.6M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2250	+0.134%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2250	+0.151%	$292K	$1.0M	50x	as long as short
BloFin ARB-USDT	+0.0109%	8h	0.2247	+0.018%	$3.1M	$2.7M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0232%	1h	0.2256	+0.401%	$509K	$2.3M	50x	as long as short
Reya ARBRUSDPERPshort	+0.0290%	1h	0.2246	−0.026%	$2K	$695	20x
GMX ARB/USD [ARB-USDC]	L +0.0297% / S −0.0186%	1h	0.2248	+0.025%	$920K	—	150x	as long as short
Backpack ARB_USDC_PERP	+0.0354%	1h	0.2250	+0.151%	$1.0M	$2.8M	20x	as long as short
RISEx ARB/USDC	+0.0384%	1h	0.2249	+0.103%	$510K	$2.7M	10x	as long as short