ARB

Alert

Funding spread now, next payment 15:00 UTC−0.0191%/8h

next payment, per $10,000−$0.24paid, last 24h−0.055%paid, last 3 days−0.019%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.019% in total (about -2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.24 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ARBRUSDPERP	0.2371	0.0291	pay 0.0036% / 1h	44m 24s	$3K	—	20x
Short	Pacifica ARB	0.2375	0.0100	get 0.0013% / 1h	44m 24s	$49K	$254K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee ReyabpFee PacificabpOrdersRate

Funding earned: −$40.2
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$54.2
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Pacifica: live order book, 10 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.193%
Avg gap 7d: —

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 Reya no order-book sample	—	—	—	—	—
Sell Pacifica live order book, 10 min ago	8.86 bp	17.2 bp −$17	doesn't fit	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 34 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective ARB/USDC PERP	−0.1516%	1h	$61K	$248K	12x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0087%	1h	$39K	$19K	25x	as long as short
RISEx ARB/USDC	−0.0049%	1h	$385K	$3.3M	10x	as long as short
Orderly PERP_ARB_USDC	−0.0041%	8h	$13K	$299K	10x	as long as short
ApeX Omni ARBUSDT	−0.0016%	1h	$135K	$275K	50x	as long as short
dYdX ARB-USD	0.0000%	1h	$72K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0004%	1h	$57K	—	150x	as long as short
MEXC ARB_USDT	+0.0005%	8h	$37.9M	$58.0M	200x	as long as short
OKX ARB-USDT-SWAP	+0.0005%	8h	$25.0M	$191.7M	50x	as long as short
Aster ARBUSDT	+0.0100%	8h	$714K	$2.2M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica ARBshort	+0.0100%	1h	$49K	$254K	10x
Binance ARBUSDT	+0.0100%	8h	$68.4M	$326.4M	75x	as long as short
Bybit ARBUSDT	+0.0100%	8h	$59.7M	$131.9M	50x	as long as short
Gate ARB_USDT	+0.0100%	8h	$5.8M	$19.7M	60x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	$20.1M	$19.6M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	$22.0M	$38.9M	50x	as long as short
BingX ARB-USDT	+0.0100%	8h	—	$54.1M	—	as long as short
Variational Omni ARB	+0.0100%	8h	$2.0M	$3.4M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	$40K	$463K	20x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	$67K	$2.7M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	$2K	$1.1M	30x	as long as short
SoDEX ARB-USD	+0.0100%	1h	$4K	$2.9M	5x	as long as short
HTX ARB-USDT	+0.0100%	8h	$291K	$1.3M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	$5.8M	$15.2M	50x	as long as short
Extended ARB-USD	+0.0104%	1h	$382K	$2.4M	25x	as long as short
Aevo ARB-PERP	+0.0104%	1h	$158K	$9K	3x	as long as short
BloFin ARB-USDT	+0.0220%	8h	$3.4M	$3.4M	75x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0253% / S −0.0158%	1h	$769K	—	150x	as long as short
Reya ARBRUSDPERPlong	+0.0291%	1h	$3K	—	20x
Kraken Futures PF_ARBUSD	+0.0365%	1h	$1.3M	$4.9M	50x	as long as short
Lighter ARB	+0.0368%	1h	$1.8M	$7.1M	15x	as long as short
Hyperliquid ARB	+0.0409%	1h	$44.4M	$48.9M	10x	as long as short
Coinbase International ARB-PERP-INTX	+0.0520%	1h	$579K	$2.5M	50x	as long as short
Backpack ARB_USDC_PERP	+0.0798%	1h	$1.0M	$2.9M	20x	as long as short