Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0088%/8h= −9.7% APRpaid last 24h +0.035%

Price spread now: Gate against SoDEX+0.050%7-day average −0.011% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$470.465% of the position

Long on SoDEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.046%+$5 on $10k

Price spread, last 4 days (all we have)−1.324%−$132 · spread now +0.050%, 7d avg −0.011%

Together, before fees−1.278%−$128 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.061% dearer against SoDEX than usual: you sell high and buy low (spread +0.050% now, against its 7-day average of −0.011%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ARB-USD	0.2209	0.0034	pay 0.0004% / 1h	15m 12s	$10K	$2.3M	5x
Short	Gate ARB_USDT	0.2210	−0.0054	pay 0.0054% / 8h	4h 15m	$5.3M	$18.8M	60x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.050%Rate

Funding earned: −$18.51
Price spread: +0.050% → −0.011%: $6.12
Slippage, 4 orders: −$23.54
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$58.93
Costs to cover: 0.465%
Break-even: never at this rate

Slippage from SoDEX: live order book, 4 min ago; Gate: live order book, 4 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, 4 min ago	0.23 bp	5.4 bp −$5	17.6 bp −$176	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	1.36 bp	18.4 bp −$18	31.6 bp −$316	93.2 bp −$9,316	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	−0.439%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0168%	1h	0.2210	+0.068%	$7K	$2K	10x	as long as short
Polymarket Perps ARB-USD	−0.0137%	1h	0.2210	+0.041%	$87K	$2.2M	10x	as long as short
MEXC ARB_USDT	−0.0125%	8h	0.2209	+0.014%	$41.9M	$60.8M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0124%	8h	0.2208	−0.036%	$22.3M	$148.9M	50x	as long as short
Variational Omni ARB	−0.0098%	8h	0.2206	−0.106%	$1.8M	$2.9M	—	as long as short
Orderly PERP_ARB_USDC	−0.0074%	8h	0.2210	+0.059%	$12K	$399K	10x	as long as short
Gate ARB_USDTshort	−0.0054%	8h	0.2210	+0.050%	$5.3M	$18.8M	60x
Bybit ARBUSDT	−0.0028%	8h	0.2208	−0.027%	$55.8M	$127.1M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0006%	1h	0.2209	+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	+0.040%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2210	+0.063%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2210	+0.078%	$32K	—	150x	as long as short
Extended ARB-USD	+0.0024%	1h	0.2208	−0.036%	$354K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0026%	8h	0.2209	+0.015%	$64.3M	$307.6M	75x	as long as short
SoDEX ARB-USDlong	+0.0034%	1h	0.2209	long leg	$10K	$2.3M	5x
Bitget ARBUSDT	+0.0068%	8h	0.2208	−0.032%	$21.0M	$34.8M	50x	as long as short
BingX ARB-USDT	+0.0069%	8h	0.2209	+0.032%	—	$53.9M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2211	+0.088%	$140K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2208	−0.009%	$1.2M	$5.8M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2212	+0.140%	$38.0M	$48.9M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2210	+0.054%	$636K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2209	+0.018%	$43K	$169K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2210	+0.045%	$19.6M	$15.0M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2210	+0.070%	$40K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2212	+0.136%	$478K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2211	+0.104%	$119K	$284K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2212	+0.149%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2210	+0.045%	$300K	$948K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2210	+0.059%	$5.0M	$13.0M	50x	as long as short
BloFin ARB-USDT	+0.0106%	8h	0.2209	0.000%	$3.1M	$2.6M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2216	+0.331%	$492K	$2.0M	50x	as long as short
RISEx ARB/USDC	+0.0225%	1h	0.2211	+0.108%	$471K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2210	+0.066%	$834K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2208	−0.013%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0632%	1h	0.2211	+0.095%	$996K	$2.8M	20x	as long as short