Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0251%/8h= −27.5% APRpaid last 24h −0.048%

Price spread now: Deribit against SunX+0.049%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 0.049% dearer against SunX than usual: you sell high and buy low (spread +0.049% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ARB-USDT	0.2245	0.0100	pay 0.0100% / 8h	7h 31m	$2K	$1.1M	30x
Short	Deribit ARB_USDC-PERPETUAL	0.2246	−0.0151	pay 0.0019% / 1h	31m 25s	$25K	$34K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against SunX. 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 SunXbpFee DeribitbpOrdersPrice spread, now +0.049%Rate

Funding earned: −$52.71
Price spread: +0.049% → 0.000%: $4.9
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$62.81
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 2 min ago; Deribit: 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 SunX live order book, 2 min ago	31.11 bp	63.5 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	−0.1666%	1h	0.2237	−0.356%	$40K	$372K	12x	as long as short
Variational Omni ARB	−0.0212%	8h	0.2242	−0.138%	$1.9M	$2.8M	—	as long as short
Bybit ARBUSDT	−0.0155%	8h	0.2250	+0.209%	$58.1M	$126.4M	50x	as long as short
Deribit ARB_USDC-PERPETUALshort	−0.0151%	1h	0.2246	+0.049%	$25K	$34K	25x
01 Exchange ARBUSD	−0.0144%	1h	0.2250	+0.241%	$7K	$2K	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0138%	1h	0.2248	+0.130%	$1.1M	$4.9M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0119%	8h	0.2250	+0.223%	$22.6M	$156.5M	50x	as long as short
MEXC ARB_USDT	−0.0118%	8h	0.2252	+0.312%	$38.4M	$59.0M	200x	as long as short
SoDEX ARB-USD	−0.0115%	1h	0.2246	+0.036%	$4K	$2.5M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0048%	8h	0.2251	+0.267%	$12K	$386K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ARB-USD	−0.0008%	1h	0.2249	+0.183%	$361K	$3.6M	25x	as long as short
Binance ARBUSDT	−0.0007%	8h	0.2251	+0.269%	$66.3M	$309.8M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2247	+0.109%	$66K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2252	+0.293%	$32K	—	150x	as long as short
BingX ARB-USDC	+0.0061%	8h	0.2248	+0.134%	—	$6.5M	—	as long as short
Bitget ARBUSDT	+0.0070%	8h	0.2252	+0.312%	$21.4M	$35.6M	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2247	+0.074%	$142K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2249	+0.165%	$1.4M	$7.3M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2254	+0.405%	$40.6M	$47.3M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2249	+0.160%	$699K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2248	+0.156%	$44K	$186K	10x	as long as short
Gate ARB_USDT	+0.0100%	8h	0.2251	+0.258%	$5.4M	$19.8M	60x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2253	+0.339%	$19.6M	$15.8M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2242	−0.139%	$40K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2241	−0.178%	$479K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2246	+0.045%	$121K	$296K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2252	+0.316%	$64K	$2.0M	10x	as long as short
SunX ARB-USDTlong	+0.0100%	8h	0.2245	long leg	$2K	$1.1M	30x
HTX ARB-USDT	+0.0100%	8h	0.2245	+0.018%	$292K	$974K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2245	0.000%	$5.1M	$13.0M	50x	as long as short
BloFin ARB-USDT	+0.0111%	8h	0.2246	+0.049%	$3.1M	$2.8M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0232%	1h	0.2248	+0.134%	$506K	$2.2M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0288% / S −0.0175%	1h	0.2251	+0.290%	$892K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2251	+0.269%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0384%	1h	0.2252	+0.318%	$514K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0482%	1h	0.2249	+0.174%	$1.0M	$2.8M	20x	as long as short