Funding you earn now, next payment 03:00 UTC−0.0303%/8h= −33.1% APRpaid last 24h −0.079%
Price spread now: Orderly against RISEx−0.195%7-day average −0.023% · 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)−0.370%−$37 on $10k
+Price spread, last 4 days (all we have)+2.686%+$269 · spread now −0.195%, 7d avg −0.023%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Orderly is 0.172% cheaper against RISEx than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.023%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx ARB/USDC | 0.2220 | 0.0232 | pay 0.0029% / 1h | 27m 00s | $487K | $2.7M | 10x |
| Short | Orderly PERP_ARB_USDC | 0.2216 | −0.0071 | pay 0.0071% / 8h | 5h 27m | $13K | $386K | 10x |
RISEx ARB/USDC
Orderly PERP_ARB_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against RISEx. 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
- −$63.55
- Price spread: −0.195% → −0.023%
- −$17.21
- Slippage, 4 orders
- no order book: not counted
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$92.76
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: RISEx: live order book, 2 min ago; 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 RISEx live order book, 2 min ago | 1.13 bp | 4.1 bp −$4 | 16.4 bp −$164 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
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 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 | −0.1577% | 1h | 0.2212 | −0.375% | $40K | $372K | 12x | as long as short |
| Variational Omni ARB | −0.0152% | 8h | 0.2226 | +0.237% | $1.9M | $2.9M | — | as long as short |
| OKX ARB-USDT-SWAP | −0.0135% | 8h | 0.2221 | +0.026% | $22.3M | $150.8M | 50x | as long as short |
| MEXC ARB_USDT | −0.0134% | 8h | 0.2218 | −0.091% | $38.1M | $59.2M | 200x | as long as short |
| 01 Exchange ARBUSD | −0.0128% | 1h | 0.2219 | −0.046% | $7K | $2K | 10x | as long as short |
| SoDEX ARB-USD | −0.0115% | 1h | 0.2216 | −0.190% | $10K | $2.4M | 5x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0111% | 1h | 0.2217 | −0.172% | $24K | $34K | 25x | as long as short |
| Gate ARB_USDT | −0.0108% | 8h | 0.2219 | −0.042% | $5.4M | $19.1M | 60x | as long as short |
| Polymarket Perps ARB-USD | −0.0105% | 1h | 0.2217 | −0.136% | $96K | $2.1M | 10x | as long as short |
| Bybit ARBUSDT | −0.0104% | 8h | 0.2221 | +0.021% | $56.5M | $126.0M | 50x | as long as short |
Injective ARB/USDC PERP
Variational Omni ARB
OKX ARB-USDT-SWAP
MEXC ARB_USDT
01 Exchange ARBUSD
SoDEX ARB-USD
Deribit ARB_USDC-PERPETUAL
Gate ARB_USDT
Polymarket Perps ARB-USD
Bybit ARBUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ARBUSD | −0.0098% | 1h | 0.2218 | −0.126% | $1.1M | $4.5M | 50x | as long as short |
| Orderly PERP_ARB_USDCshort | −0.0071% | 8h | 0.2216 | −0.195% | $13K | $386K | 10x | |
| dYdX ARB-USD | 0.0000% | 1h | 0.2220 | −0.036% | $66K | $5K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0013% | 1h | 0.2216 | −0.176% | $11K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0014% | 8h | 0.2221 | +0.039% | $64.7M | $307.5M | 75x | as long as short |
| Extended ARB-USD | +0.0016% | 1h | 0.2215 | −0.244% | $355K | $2.5M | 25x | as long as short |
| ApeX Omni ARBUSDT | +0.0020% | 1h | 0.2227 | +0.301% | $120K | $283K | 50x | as long as short |
| BloFin ARB-USDT | +0.0055% | 8h | 0.2220 | −0.028% | $3.1M | $2.7M | 75x | as long as short |
| Phemex ARBUSDT | +0.0086% | 8h | 0.2219 | −0.060% | $5.0M | $12.9M | 50x | as long as short |
| Bitget ARBUSDT | +0.0086% | 8h | 0.2218 | −0.105% | $21.2M | $34.7M | 50x | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2217 | −0.145% | $141K | $7K | 3x | as long as short |
| BingX ARB-USDT | +0.0089% | 8h | 0.2219 | −0.042% | — | $53.9M | — | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2217 | −0.150% | $1.2M | $6.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2221 | +0.026% | $38.5M | $49.8M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2216 | −0.181% | $649K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2219 | −0.070% | $42K | $175K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2219 | −0.064% | $19.6M | $15.4M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2221 | +0.035% | $40K | $460K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2223 | +0.102% | $482K | $3.6M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2220 | −0.015% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2218 | −0.105% | $297K | $938K | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2230 | +0.436% | $509K | $2.0M | 50x | as long as short |
| RISEx ARB/USDClong | +0.0232% | 1h | 0.2220 | long leg | $487K | $2.7M | 10x | |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2217 | −0.164% | $827K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2216 | −0.217% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0558% | 1h | 0.2222 | +0.080% | $1.0M | $2.8M | 20x | as long as short |
Kraken Futures PF_ARBUSD
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
ApeX Omni ARBUSDT
BloFin ARB-USDT
Phemex ARBUSDT
Bitget ARBUSDT
Aevo ARB-PERP
BingX ARB-USDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
SunX ARB-USDT
HTX ARB-USDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP