Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0100%/8hnext payment −$0.13 per $10,000 · paid last 24h −0.048%

Price spread now: Deribit against Pacifica+0.046%7-day average — · you sell dearer than you buy

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

Long on Pacifica Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

The price spread pays, funding is against you. Deribit is 0.046% dearer against Pacifica than usual: you sell high and buy low (spread +0.046% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 36 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica ARB	0.2282	0.0100	pay 0.0013% / 1h	6m 08s	$54K	$194K	10x
Short	Deribit ARB_USDC-PERPETUAL	0.2283	0	get 0.0000% / 1h	6m 08s	$37K	$18K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Pacifica. 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 PacificabpFee DeribitbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$21
Price spread: +0.046% → 0.000%: $4.56
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$31.44
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 26 min ago; Deribit: 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 Pacifica live order book, 26 min ago	5.67 bp	10.3 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	−0.1732%	1h	0.2276	−0.266%	$41K	$157K	12x	as long as short
Bybit ARBUSDT	−0.0306%	8h	0.2281	−0.068%	$59.5M	$131.3M	50x	as long as short
SoDEX ARB-USD	−0.0203%	1h	0.2281	−0.029%	$5K	$2.8M	5x	as long as short
Variational Omni ARB	−0.0144%	8h	0.2274	−0.343%	$1.9M	$2.8M	—	as long as short
01 Exchange ARBUSD	−0.0112%	1h	0.2282	+0.011%	$7K	$2K	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0026%	1h	0.2283	+0.025%	$1.1M	$5.1M	50x	as long as short
Polymarket Perps ARB-USD	−0.0018%	1h	0.2281	−0.038%	$70K	$2.4M	10x	as long as short
OKX ARB-USDT-SWAP	−0.0014%	8h	0.2280	−0.082%	$23.7M	$166.9M	50x	as long as short
MEXC ARB_USDT	−0.0013%	8h	0.2281	−0.051%	$39.5M	$63.2M	200x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2282	−0.011%	$67K	$4K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUALshort	0.0000%	1h	0.2283	+0.046%	$37K	$18K	25x
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2283	+0.034%	$61K	—	150x	as long as short
Orderly PERP_ARB_USDC	+0.0009%	8h	0.2281	−0.046%	$11K	$387K	10x	as long as short
Binance ARBUSDT	+0.0064%	8h	0.2282	−0.023%	$65.1M	$318.5M	75x	as long as short
Extended ARB-USD	+0.0064%	1h	0.2281	−0.048%	$363K	$2.5M	25x	as long as short
Lighter ARB	+0.0096%	1h	0.2283	+0.046%	$1.4M	$7.6M	15x	as long as short
Aevo ARB-PERP	+0.0096%	1h	0.2283	+0.063%	$152K	$9K	3x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2285	+0.116%	$42.2M	$51.2M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2283	+0.058%	$719K	$1.8M	20x	as long as short
Pacifica ARBlong	+0.0100%	1h	0.2282	long leg	$54K	$194K	10x
Gate ARB_USDT	+0.0100%	8h	0.2281	−0.029%	$5.6M	$21.6M	60x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2283	+0.032%	$21.4M	$17.2M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2281	−0.046%	$21.5M	$38.1M	50x	as long as short
BingX ARB-USDT	+0.0100%	8h	0.2281	−0.068%	—	$55.1M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2276	−0.260%	$39K	$448K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2277	−0.222%	$488K	$4.1M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2276	−0.266%	$126K	$272K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2283	+0.041%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2281	−0.025%	$282K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2281	−0.046%	$5.6M	$14.0M	50x	as long as short
BloFin ARB-USDT	+0.0184%	8h	0.2281	−0.025%	$3.2M	$3.1M	75x	as long as short
Reya ARBRUSDPERP	+0.0291%	1h	0.2280	−0.079%	$2K	$695	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0315% / S −0.0212%	1h	0.2283	+0.033%	$894K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0328%	1h	0.2285	+0.129%	$511K	$2.5M	50x	as long as short
Backpack ARB_USDC_PERP	+0.0548%	1h	0.2285	+0.129%	$975K	$2.8M	20x	as long as short
RISEx ARB/USDC	+0.0564%	1h	0.2284	+0.101%	$545K	$2.9M	10x	as long as short