ARB

Alert

Funding spread now, next payment 00:00 UTC+0.0106%/8h

next payment, per $10,000+$1.06paid, last 24h+0.043%paid, last 3 days+0.080%to open and closeno order book

Long on Orderly Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ARB_USDC	0.2272	−0.0006	get 0.0006% / 8h	7h 18m	$11K	$370K	10x
Short	Variational Omni ARB	0.2278	0.0100	get 0.0100% / 8h	7h 18m	$1.9M	$3.3M	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee Variational OmnibpOrdersRate

Funding earned: $22.36
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $16.36
Break-even: 1.9 days

Slippage unknown: Orderly: no order-book sample; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.283%
Avg gap 7d: −0.007%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Variational Omni RFQ quote, 2 min ago	4.40 bp	doesn't fit	17.6 bp −$176	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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective ARB/USDC PERP	−0.1401%	1h	$58K	$204K	12x	as long as short
Kraken Futures PF_ARBUSD	−0.0202%	1h	$1.1M	$4.9M	50x	as long as short
Bybit ARBUSDT	−0.0199%	8h	$57.1M	$131.5M	50x	as long as short
01 Exchange ARBUSD	−0.0088%	1h	$7K	$2K	10x	as long as short
Polymarket Perps ARB-USD	−0.0076%	1h	$64K	$2.5M	10x	as long as short
SoDEX ARB-USD	−0.0019%	1h	$5K	$2.9M	5x	as long as short
Orderly PERP_ARB_USDClong	−0.0006%	8h	$11K	$370K	10x
dYdX ARB-USD	0.0000%	1h	$68K	$4K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	$40K	$16K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	$61K	—	150x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC ARB_USDT	+0.0006%	8h	$39.2M	$63.4M	200x	as long as short
OKX ARB-USDT-SWAP	+0.0007%	8h	$23.6M	$172.2M	50x	as long as short
Gate ARB_USDT	+0.0066%	8h	$5.4M	$21.1M	60x	as long as short
Lighter ARB	+0.0096%	1h	$1.4M	$7.5M	15x	as long as short
Aster ARBUSDT	+0.0100%	8h	$722K	$2.2M	20x	as long as short
Pacifica ARB	+0.0100%	1h	$49K	$226K	10x	as long as short
Binance ARBUSDT	+0.0100%	8h	$64.5M	$321.4M	75x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	$20.5M	$18.2M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	$21.1M	$39.4M	50x	as long as short
BingX ARB-USDC	+0.0100%	8h	—	$6.5M	—	as long as short
Variational Omni ARBshort	+0.0100%	8h	$1.9M	$3.3M	—
edgeX ARBUSDC	+0.0100%	4h	$39K	$466K	20x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	$128K	$261K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	$276K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	$5.5M	$14.4M	50x	as long as short
Extended ARB-USD	+0.0104%	1h	$367K	$2.4M	25x	as long as short
Aevo ARB-PERP	+0.0104%	1h	$152K	$9K	3x	as long as short
BloFin ARB-USDT	+0.0220%	8h	$3.2M	$3.2M	75x	as long as short
Hyperliquid ARB	+0.0254%	1h	$42.3M	$49.2M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0275% / S −0.0219%	1h	$696K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0292%	1h	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0449%	1h	$404K	$3.2M	10x	as long as short
Coinbase International ARB-PERP-INTX	+0.0464%	1h	$530K	$2.5M	50x	as long as short
Backpack ARB_USDC_PERP	+0.0490%	1h	$938K	$3.0M	20x	as long as short