Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0061%/8h= +6.7% APRpaid last 24h +0.058%

Price spread now: BloFin against SoDEX−0.014%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$310.309% of the position

Long on SoDEX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.142%+$14 on $10k

Price spread, last 4 days (all we have)−0.191%−$19 · spread now −0.014%, 7d avg +0.007%

Together, before fees−0.049%−$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.021% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.014% now, against its 7-day average of +0.007%). If the spread goes back, that is −$2 on $10k: about 27 hours of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.142% in total) that is about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ARB-USD	0.2212	0.0044	pay 0.0005% / 1h	12m 43s	$10K	$2.3M	5x
Short	BloFin ARB-USDT	0.2212	0.0105	get 0.0105% / 8h	4h 12m	$3.1M	$2.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against SoDEX. 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 SoDEXbpFee BloFinbpOrdersPrice spread, now −0.014%Rate

Funding earned: $12.81
Price spread: −0.014% → +0.007%: −$2.06
Slippage, 4 orders: −$10.93
Fee SoDEX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$20.18
Costs to cover: 0.309%
Break-even: 18.0 days

Slippage from SoDEX: live order book, 1 min ago; BloFin: live order book, 5 min ago.

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 SoDEX live order book, 1 min ago	0.23 bp	5.6 bp −$6	18.1 bp −$181	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	0.90 bp	12.7 bp −$13	26.5 bp −$265	doesn't fit	doesn't fit

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	−0.1649%	1h	0.2199	−0.579%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0160%	1h	0.2211	−0.023%	$7K	$2K	10x	as long as short
Polymarket Perps ARB-USD	−0.0135%	1h	0.2211	−0.054%	$87K	$2.2M	10x	as long as short
OKX ARB-USDT-SWAP	−0.0122%	8h	0.2210	−0.090%	$22.3M	$148.8M	50x	as long as short
MEXC ARB_USDT	−0.0122%	8h	0.2210	−0.081%	$42.0M	$60.8M	200x	as long as short
Variational Omni ARB	−0.0098%	8h	0.2206	−0.246%	$1.8M	$2.9M	—	as long as short
Orderly PERP_ARB_USDC	−0.0074%	8h	0.2211	−0.036%	$12K	$397K	10x	as long as short
Gate ARB_USDT	−0.0054%	8h	0.2213	+0.041%	$5.3M	$18.8M	60x	as long as short
Bybit ARBUSDT	−0.0028%	8h	0.2210	−0.104%	$55.8M	$127.1M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0006%	1h	0.2212	+0.030%	$1.1M	$4.4M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2210	−0.073%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2212	+0.027%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2212	+0.005%	$32K	—	150x	as long as short
Extended ARB-USD	+0.0024%	1h	0.2211	−0.021%	$352K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0026%	8h	0.2210	−0.086%	$64.3M	$307.6M	75x	as long as short
SoDEX ARB-USDlong	+0.0044%	1h	0.2212	long leg	$10K	$2.3M	5x
Bitget ARBUSDT	+0.0066%	8h	0.2211	−0.036%	$21.0M	$34.8M	50x	as long as short
BingX ARB-USDC	+0.0069%	8h	0.2211	−0.054%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2213	+0.044%	$140K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2212	+0.018%	$1.2M	$5.8M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2213	+0.063%	$38.0M	$48.9M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2212	+0.014%	$637K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2212	0.000%	$43K	$169K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2213	+0.050%	$19.6M	$15.0M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2209	−0.138%	$39K	$465K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2211	−0.036%	$478K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2210	−0.081%	$119K	$284K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2214	+0.099%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2213	+0.063%	$300K	$948K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2211	−0.036%	$5.0M	$13.0M	50x	as long as short
BloFin ARB-USDTshort	+0.0105%	8h	0.2212	−0.014%	$3.1M	$2.6M	75x
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2216	+0.190%	$492K	$2.0M	50x	as long as short
RISEx ARB/USDC	+0.0225%	1h	0.2212	+0.011%	$470K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2212	0.000%	$835K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2210	−0.074%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0628%	1h	0.2216	+0.199%	$998K	$2.8M	20x	as long as short