Funding you earn now, next payment 06:00 UTC−0.0189%/8h= −20.7% APRnext payment −$0.24 per $10,000 · paid last 24h −0.105%
Price spread now: SoDEX against Reya−0.087%50s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 SoDEX is 0.087% cheaper against Reya than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 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 | 0.2181 | 0.0289 | pay 0.0036% / 1h | 44m 31s | $2K | $695 | 20x |
| Short | SoDEX ARB-USD | 0.2180 | 0.0100 | get 0.0013% / 1h | 44m 31s | $10K | $2.2M | 5x |
Reya ARBRUSDPERP
SoDEX ARB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- −$39.67
- Price spread: −0.087% → 0.000%
- −$8.69
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$62.37
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; SoDEX: 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 SoDEX live order book, 4 min ago | 0.23 bp | 5.5 bp −$5 | 18.6 bp −$186 | 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 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 | −0.1581% | 1h | 0.2169 | −0.568% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0200% | 1h | 0.2180 | −0.078% | $7K | $236 | 10x | as long as short |
| Polymarket Perps ARB-USD | −0.0174% | 1h | 0.2181 | 0.000% | $72K | $2.1M | 10x | as long as short |
| Variational Omni ARB | −0.0103% | 8h | 0.2176 | −0.230% | $1.7M | $3.0M | — | as long as short |
| MEXC ARB_USDT | −0.0095% | 8h | 0.2181 | −0.037% | $41.0M | $60.1M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0094% | 8h | 0.2182 | +0.041% | $21.6M | $142.3M | 50x | as long as short |
| Bybit ARBUSDT | −0.0079% | 8h | 0.2180 | −0.041% | $54.2M | $123.7M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0075% | 1h | 0.2181 | −0.006% | $1.0M | $4.4M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0059% | 8h | 0.2180 | −0.064% | $13K | $407K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2181 | −0.036% | $65K | $5K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Polymarket Perps ARB-USD
Variational Omni ARB
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Bybit ARBUSDT
Kraken Futures PF_ARBUSD
Orderly PERP_ARB_USDC
dYdX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2180 | −0.055% | $23K | $33K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2180 | −0.042% | $44K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0041% | 8h | 0.2180 | −0.041% | $5.4M | $18.1M | 60x | as long as short |
| Bitget ARBUSDT | +0.0047% | 8h | 0.2181 | −0.018% | $20.8M | $34.1M | 50x | as long as short |
| Extended ARB-USD | +0.0072% | 1h | 0.2180 | −0.064% | $348K | $2.8M | 25x | as long as short |
| Binance ARBUSDT | +0.0072% | 8h | 0.2182 | +0.037% | $62.6M | $300.1M | 75x | as long as short |
| BingX ARB-USDT | +0.0075% | 8h | 0.2180 | −0.041% | — | $53.7M | — | as long as short |
| RISEx ARB/USDC | +0.0086% | 1h | 0.2181 | −0.036% | $444K | $2.6M | 10x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2180 | −0.050% | $1.2M | $5.5M | 15x | as long as short |
| Aevo ARB-PERP | +0.0096% | 1h | 0.2181 | −0.014% | $138K | $7K | 3x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2183 | +0.087% | $36.9M | $48.5M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2183 | +0.053% | $629K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2181 | −0.035% | $42K | $160K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2180 | −0.055% | $19.4M | $14.5M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2179 | −0.100% | $38K | $464K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2180 | −0.069% | $464K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2179 | −0.110% | $118K | $283K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2183 | +0.074% | $2K | $1.1M | 30x | as long as short |
| SoDEX ARB-USDshort | +0.0100% | 1h | 0.2180 | −0.087% | $10K | $2.2M | 5x | |
| HTX ARB-USDT | +0.0100% | 8h | 0.2180 | −0.059% | $290K | $892K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2180 | −0.064% | $4.9M | $12.7M | 50x | as long as short |
| BloFin ARB-USDT | +0.0192% | 8h | 0.2180 | −0.064% | $3.0M | $2.4M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2180 | −0.064% | $823K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2185 | +0.165% | $501K | $1.6M | 50x | as long as short |
| Reya ARBRUSDPERPlong | +0.0289% | 1h | 0.2181 | long leg | $2K | $695 | 20x | |
| Backpack ARB_USDC_PERP | +0.0660% | 1h | 0.2183 | +0.078% | $979K | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Bitget ARBUSDT
Extended ARB-USD
Binance ARBUSDT
BingX ARB-USDT
RISEx ARB/USDC
Lighter ARB
Aevo ARB-PERP
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Backpack ARB_USDC_PERP