Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0278%/8h= −30.5% APRpaid last 24h −0.097%

Price spread now: Orderly against Reya+0.068%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. Orderly is 0.068% dearer against Reya than usual: you sell high and buy low (spread +0.068% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ARBRUSDPERP	0.2182	0.0282	pay 0.0035% / 1h	8m 43s	$2K	$440	20x
Short	Orderly PERP_ARB_USDC	0.2183	0.0004	get 0.0004% / 8h	3h 08m	$15K	$272K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Reya. 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 ReyabpFee OrderlybpOrdersPrice spread, now +0.068%Rate

Funding earned: −$58.48
Price spread: +0.068% → 0.000%: $6.76
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$63.72
Costs to cover: 0.120%
Break-even: never at this rate

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

Reya and 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 37 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	−0.1652%	1h	0.2174	−0.345%	$39K	$393K	12x	as long as short
Phoenix ARB	−0.0110%	1h	0.2181	−0.019%	$1K	$2K	15x	as long as short
OKX ARB-USDT-SWAP	−0.0107%	8h	0.2182	+0.013%	$23.6M	$103.8M	50x	as long as short
MEXC ARB_USDT	−0.0105%	8h	0.2182	+0.036%	$51.8M	$44.8M	200x	as long as short
01 Exchange ARBUSD	−0.0056%	1h	0.2182	+0.045%	$7K	$308	10x	as long as short
Variational Omni ARB	−0.0039%	8h	0.2180	−0.073%	$1.8M	$1.6M	—	as long as short
SoDEX ARB-USD	−0.0037%	1h	0.2182	+0.040%	$9K	$877K	5x	as long as short
Binance ARBUSDT	−0.0032%	8h	0.2181	−0.011%	$65.4M	$181.2M	75x	as long as short
Extended ARB-USD	−0.0032%	1h	0.2183	+0.054%	$360K	$2.9M	25x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2182	+0.005%	$64K	$2K	10x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2183	+0.091%	$863	$52K	25x	as long as short
Orderly PERP_ARB_USDCshort	+0.0004%	8h	0.2183	+0.068%	$15K	$272K	10x
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0014%	1h	0.2184	+0.110%	$29K	—	150x	as long as short
RISEx ARB/USDC	+0.0007%	1h	0.2182	+0.041%	$469K	$2.0M	10x	as long as short
Gate ARB_USDT	+0.0011%	8h	0.2183	+0.049%	$5.6M	$9.1M	50x	as long as short
Bybit ARBUSDT	+0.0038%	8h	0.2182	+0.031%	$51.7M	$84.4M	50x	as long as short
BingX ARB-USDT	+0.0050%	8h	0.2182	+0.031%	—	$16.8M	—	as long as short
Bitget ARBUSDT	+0.0058%	8h	0.2183	+0.068%	$21.3M	$22.4M	50x	as long as short
Aevo ARB-PERP	+0.0072%	1h	0.2184	+0.121%	$139K	$4K	3x	as long as short
BloFin ARB-USDT	+0.0085%	8h	0.2181	−0.006%	$3.2M	$1.5M	75x	as long as short
Lighter ARB	+0.0096%	1h	0.2185	+0.168%	$1.6M	$3.2M	15x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2182	+0.022%	$4.7M	$12.5M	50x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2185	+0.159%	$35.6M	$30.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2182	+0.020%	$648K	$1.2M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2183	+0.057%	$44K	$138K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2183	+0.072%	$19.8M	$9.3M	75x	as long as short
Backpack ARB_USDC_PERP	+0.0100%	1h	0.2184	+0.118%	$573K	$1.3M	20x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2183	+0.056%	$37K	$504K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2183	+0.056%	$471K	$3.3M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2182	+0.022%	$118K	$287K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2183	+0.049%	$46K	$1.7M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2184	+0.113%	$2K	$848K	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2182	+0.040%	$289K	$453K	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0269% / S −0.0152%	1h	0.2184	+0.101%	$853K	—	150x	as long as short
Reya ARBRUSDPERPlong	+0.0282%	1h	0.2182	long leg	$2K	$440	20x
Kraken Futures PF_ARBUSD	+0.0378%	1h	0.2187	+0.228%	$1.4M	$2.9M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0664%	1h	0.2189	+0.356%	$639K	$1.1M	50x	as long as short