Funding you earn now, next payment 11:00 UTC−0.0210%/8h= −23.0% APRpaid last 24h −0.041%
Price spread now: BloFin against Reya−0.024%46s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and BloFin is 0.024% cheaper against Reya than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya ARBRUSDPERP | 0.2174 | 0.0288 | pay 0.0036% / 1h | 2m 17s | $2K | $695 | 20x |
| Short | BloFin ARB-USDT | 0.2173 | 0.0078 | get 0.0078% / 8h | 5h 02m | $3.0M | $2.0M | 75x |
Reya ARBRUSDPERP
BloFin ARB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Reya. 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
- −$44.07
- Price spread: −0.024% → 0.000%
- −$2.42
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$64.48
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; BloFin: 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 Reya no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 4 min ago | 0.92 bp | 11.3 bp −$11 | 16.6 bp −$166 | doesn't fit | doesn't fit |
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 exchanges
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 | −0.1736% | 1h | 0.2165 | −0.411% | $39K | $372K | 12x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0231% | 1h | 0.2176 | +0.087% | $1.1M | $3.8M | 50x | as long as short |
| Bybit ARBUSDT | −0.0194% | 8h | 0.2174 | +0.013% | $54.2M | $117.2M | 50x | as long as short |
| Polymarket Perps ARB-USD | −0.0179% | 1h | 0.2174 | −0.006% | $77K | $1.7M | 10x | as long as short |
| SoDEX ARB-USD | −0.0171% | 1h | 0.2175 | +0.026% | $9K | $2.0M | 5x | as long as short |
| OKX ARB-USDT-SWAP | −0.0165% | 8h | 0.2174 | +0.022% | $22.6M | $134.7M | 50x | as long as short |
| MEXC ARB_USDT | −0.0163% | 8h | 0.2174 | −0.001% | $43.1M | $62.4M | 200x | as long as short |
| 01 Exchange ARBUSD | −0.0128% | 1h | 0.2174 | +0.008% | $7K | $414 | 10x | as long as short |
| Variational Omni ARB | −0.0066% | 8h | 0.2174 | +0.021% | $1.8M | $2.6M | — | as long as short |
| Gate ARB_USDT | −0.0059% | 8h | 0.2174 | +0.013% | $5.6M | $16.7M | 60x | as long as short |
Injective ARB/USDC PERP
Kraken Futures PF_ARBUSD
Bybit ARBUSDT
Polymarket Perps ARB-USD
SoDEX ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
01 Exchange ARBUSD
Variational Omni ARB
Gate ARB_USDTShow all 36 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDT | −0.0042% | 8h | 0.2174 | −0.011% | $63.7M | $274.5M | 75x | as long as short |
| Extended ARB-USD | −0.0040% | 1h | 0.2174 | −0.005% | $357K | $2.9M | 25x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0026% | 1h | 0.2175 | +0.059% | $29K | $32K | 25x | as long as short |
| Orderly PERP_ARB_USDC | −0.0007% | 8h | 0.2174 | +0.003% | $16K | $384K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2175 | +0.042% | $63K | $3K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2174 | +0.016% | $71K | — | 150x | as long as short |
| Aevo ARB-PERP | +0.0072% | 1h | 0.2175 | +0.034% | $138K | $7K | 3x | as long as short |
| Phemex ARBUSDT | +0.0072% | 8h | 0.2174 | +0.003% | $4.6M | $12.4M | 50x | as long as short |
| BloFin ARB-USDTshort | +0.0078% | 8h | 0.2173 | −0.024% | $3.0M | $2.0M | 75x | |
| Lighter ARB | +0.0096% | 1h | 0.2174 | −0.001% | $1.3M | $5.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2175 | +0.068% | $35.0M | $48.5M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2174 | +0.021% | $620K | $1.5M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2175 | +0.040% | $53K | $152K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2175 | +0.040% | $18.9M | $12.7M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2174 | +0.003% | $20.9M | $31.8M | 50x | as long as short |
| BingX ARB-USDT | +0.0100% | 8h | 0.2174 | −0.015% | — | $30.4M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2172 | −0.071% | $38K | $466K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2174 | +0.003% | $473K | $3.2M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2174 | +0.003% | $117K | $308K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2175 | +0.049% | $1K | $1.0M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2177 | +0.141% | $283K | $753K | 50x | as long as short |
| Backpack ARB_USDC_PERP | +0.0193% | 1h | 0.2175 | +0.072% | $969K | $2.5M | 20x | as long as short |
| RISEx ARB/USDC | +0.0271% | 1h | 0.2176 | +0.076% | $540K | $2.3M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0279% / S −0.0162% | 1h | 0.2176 | +0.094% | $831K | — | 150x | as long as short |
| Reya ARBRUSDPERPlong | +0.0288% | 1h | 0.2174 | long leg | $2K | $695 | 20x | |
| Coinbase International ARB-PERP-INTX | +0.0424% | 1h | 0.2180 | +0.279% | $519K | $1.3M | 50x | as long as short |
Binance ARBUSDT
Extended ARB-USD
Deribit ARB_USDC-PERPETUAL
Orderly PERP_ARB_USDC
dYdX ARB-USD
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
SunX ARB-USDT
HTX ARB-USDT
Backpack ARB_USDC_PERP
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX