Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h −0.020%

Price spread now: Extended against SunX−0.289%7-day average −0.195% · you buy dearer than you sell

Net, funding: paid 7d − costs−$197as in the Funding arb table

Net, price: spread back to 7d avg − costs−$193as in the Price arb table

costs, in and out, $10k−$1831.834% of the position

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.138%−$14 on $10k

Price spread, last 3 days (all we have)−0.327%−$33 · spread now −0.289%, 7d avg −0.195%

Together, before fees−0.465%+ Points / potential airdropExtended: Active · farm board−$47 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Extended is 0.094% cheaper against SunX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.195%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ARB-USDT	0.2218	0.0100	pay 0.0100% / 8h	6h 46m	$1K	$1.1M	30x
Short	Extended ARB-USD	0.2212	0.0008	get 0.0001% / 1h	46m 27s	$352K	$2.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.289%Rate

Funding earned: −$19.32
Price spread: −0.289% → −0.195%: −$9.45
Slippage, 4 orders: −$170.35
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$212.12
Costs to cover: 1.834%
Break-even: never at this rate

Slippage from SunX: live order book, 7 min ago; Extended: live order book, 2 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 SunX live order book, 7 min ago	31.55 bp	64.4 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	9.04 bp	11.5 bp −$12	71.9 bp −$719	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	−0.1692%	1h	0.2205	−0.586%	$40K	$372K	12x	as long as short
ApeX Omni ARBUSDT	−0.0556%	1h	0.2214	−0.180%	$119K	$296K	50x	as long as short
01 Exchange ARBUSD	−0.0224%	1h	0.2213	−0.221%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0189%	8h	0.2213	−0.212%	$1.9M	$2.9M	—	as long as short
SoDEX ARB-USD	−0.0161%	1h	0.2215	−0.140%	$10K	$2.5M	5x	as long as short
OKX ARB-USDT-SWAP	−0.0103%	8h	0.2213	−0.248%	$22.3M	$157.1M	50x	as long as short
MEXC ARB_USDT	−0.0103%	8h	0.2213	−0.225%	$37.1M	$59.0M	200x	as long as short
Bybit ARBUSDT	−0.0060%	8h	0.2213	−0.230%	$57.0M	$129.2M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0055%	8h	0.2217	−0.045%	$12K	$385K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2215	−0.140%	$66K	$5K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2215	−0.131%	$24K	$34K	25x	as long as short
Binance ARBUSDT	+0.0004%	8h	0.2213	−0.221%	$64.7M	$318.2M	75x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2218	+0.011%	$31K	—	150x	as long as short
Extended ARB-USDshort	+0.0008%	1h	0.2212	−0.289%	$352K	$2.5M	25x
Gate ARB_USDT	+0.0015%	8h	0.2213	−0.207%	$5.4M	$19.7M	60x	as long as short
BloFin ARB-USDT	+0.0029%	8h	0.2212	−0.293%	$3.1M	$2.9M	75x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2215	−0.115%	$141K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2215	−0.158%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2215	−0.126%	$38.2M	$50.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2217	−0.063%	$660K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2215	−0.113%	$42K	$189K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2214	−0.171%	$19.6M	$15.9M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2213	−0.225%	$21.1M	$36.3M	50x	as long as short
BingX ARB-USDT	+0.0100%	8h	0.2212	−0.261%	—	$54.6M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2212	−0.260%	$40K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2213	−0.230%	$474K	$3.6M	10x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2214	−0.176%	$79K	$2.0M	10x	as long as short
SunX ARB-USDTlong	+0.0100%	8h	0.2218	long leg	$1K	$1.1M	30x
HTX ARB-USDT	+0.0100%	8h	0.2217	−0.045%	$296K	$1.0M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2216	−0.090%	$5.1M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0240%	1h	0.2218	−0.005%	$507K	$2.2M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0281% / S −0.0165%	1h	0.2218	+0.001%	$853K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2212	−0.262%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0312%	1h	0.2216	−0.096%	$1.1M	$4.8M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2216	−0.110%	$499K	$2.6M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0484%	1h	0.2219	+0.059%	$1.0M	$2.9M	20x	as long as short