Funding you earn now, next payment 08:00 UTC−0.0277%/8h= −30.3% APRpaid last 24h −0.089%
Price spread now: Variational Omni against Reya−0.429%7-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
=Together, before fees—+ Points / potential airdropReya: Active · Variational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Variational Omni is 0.429% cheaper against Reya than usual: you would sell low and buy high (−$43 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya ARBRUSDPERP | 0.2181 | 0.0288 | pay 0.0036% / 1h | 16m 43s | $2K | $695 | 20x |
| Short | Variational Omni ARB | 0.2172 | 0.0011 | get 0.0011% / 8h | 16m 43s | $1.8M | $3.0M | — |
Reya ARBRUSDPERP
Variational Omni ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$58.2
- Price spread: −0.429% → 0.000%
- −$42.93
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$107.13
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Variational Omni: RFQ quote, 2 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 Variational Omni RFQ quote, 2 min ago | 4.60 bp | doesn't fit | 18.4 bp −$184 | 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 | −0.1612% | 1h | 0.2172 | −0.414% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0200% | 1h | 0.2182 | +0.040% | $7K | $236 | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0080% | 8h | 0.2181 | +0.003% | $21.9M | $144.4M | 50x | as long as short |
| MEXC ARB_USDT | −0.0079% | 8h | 0.2182 | +0.021% | $41.7M | $62.7M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0045% | 8h | 0.2181 | −0.001% | $13K | $404K | 10x | as long as short |
| SoDEX ARB-USD | −0.0007% | 1h | 0.2182 | +0.040% | $9K | $2.2M | 5x | as long as short |
| Polymarket Perps ARB-USD | −0.0004% | 1h | 0.2182 | +0.035% | $76K | $2.1M | 10x | as long as short |
| Binance ARBUSDT | −0.0003% | 8h | 0.2181 | +0.019% | $62.5M | $300.1M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2183 | +0.098% | $65K | $5K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2182 | +0.023% | $347K | $3.1M | 25x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Orderly PERP_ARB_USDC
SoDEX ARB-USD
Polymarket Perps ARB-USD
Binance ARBUSDT
dYdX ARB-USD
Extended 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 | 0.2182 | +0.067% | $28K | $38K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0007% | 1h | 0.2183 | +0.112% | $69K | — | 150x | as long as short |
| Variational Omni ARBshort | +0.0011% | 8h | 0.2172 | −0.429% | $1.8M | $3.0M | — | |
| Bybit ARBUSDT | +0.0019% | 8h | 0.2181 | +0.012% | $53.2M | $126.0M | 50x | as long as short |
| Gate ARB_USDT | +0.0019% | 8h | 0.2182 | +0.067% | $5.4M | $18.5M | 60x | as long as short |
| RISEx ARB/USDC | +0.0069% | 1h | 0.2183 | +0.104% | $500K | $2.7M | 10x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2183 | +0.086% | $138K | $7K | 3x | as long as short |
| BingX ARB-USDT | +0.0085% | 8h | 0.2182 | +0.063% | — | $33.0M | — | as long as short |
| Bitget ARBUSDT | +0.0086% | 8h | 0.2182 | +0.044% | $21.1M | $34.6M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0093% | 1h | 0.2183 | +0.102% | $1.1M | $4.3M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2182 | +0.035% | $1.3M | $5.5M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2183 | +0.104% | $36.8M | $49.6M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2183 | +0.092% | $625K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2183 | +0.080% | $43K | $147K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2182 | +0.058% | $19.4M | $13.9M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2175 | −0.296% | $38K | $465K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2176 | −0.249% | $467K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2174 | −0.322% | $117K | $279K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2184 | +0.136% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2182 | +0.063% | $292K | $840K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2181 | −0.001% | $4.8M | $12.7M | 50x | as long as short |
| BloFin ARB-USDT | +0.0116% | 8h | 0.2182 | +0.040% | $3.0M | $2.3M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2183 | +0.081% | $824K | — | 150x | as long as short |
| Reya ARBRUSDPERPlong | +0.0288% | 1h | 0.2181 | long leg | $2K | $695 | 20x | |
| Coinbase International ARB-PERP-INTX | +0.0336% | 1h | 0.2188 | +0.319% | $513K | $1.5M | 50x | as long as short |
| Backpack ARB_USDC_PERP | +0.0485% | 1h | 0.2185 | +0.191% | $981K | $2.9M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Bybit ARBUSDT
Gate ARB_USDT
RISEx ARB/USDC
Aevo ARB-PERP
BingX ARB-USDT
Bitget ARBUSDT
Kraken Futures PF_ARBUSD
Lighter ARB
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