Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0023%/8h= −2.5% APRpaid last 24h +0.019%

Price spread now: Extended against Variational Omni−0.008%7-day average −0.102% · you buy dearer than you sell

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

Long on Variational Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.020%+$2 on $10k

Price spread, last 7 days+0.108%+$11 · spread now −0.008%, 7d avg −0.102%

Together, before fees+0.129%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board+$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.094% dearer against Variational Omni than usual: you sell high and buy low (spread −0.008% now, against its 7-day average of −0.102%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ARB	0.2198	0.0031	pay 0.0031% / 8h	7h 45m	$1.8M	$3.0M	—
Short	Extended ARB-USD	0.2198	0.0008	get 0.0001% / 1h	45m 00s	$365K	$3.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Variational Omni. 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 Variational OmnibpFee ExtendedbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$4.87
Price spread: −0.008% → −0.102%: $9.4
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$0.46
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Extended: live order book, 4 min ago. 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 Variational Omni RFQ quote, 4 min ago	4.57 bp	doesn't fit	18.3 bp −$183	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	15.94 bp	18.4 bp −$18	79.8 bp −$798	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	−0.1605%	1h	0.2188	−0.445%	$39K	$372K	12x	as long as short
Gate ARB_USDT	−0.0200%	8h	0.2199	+0.073%	$5.4M	$18.1M	60x	as long as short
Kraken Futures PF_ARBUSD	−0.0168%	1h	0.2201	+0.148%	$1.1M	$4.2M	50x	as long as short
SoDEX ARB-USD	−0.0116%	1h	0.2200	+0.082%	$9K	$2.3M	5x	as long as short
MEXC ARB_USDT	−0.0074%	8h	0.2199	+0.060%	$43.2M	$62.7M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0073%	8h	0.2197	−0.022%	$22.3M	$146.1M	50x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0068%	1h	0.2200	+0.123%	$28K	$38K	25x	as long as short
Orderly PERP_ARB_USDC	−0.0040%	8h	0.2199	+0.055%	$16K	$413K	10x	as long as short
01 Exchange ARBUSD	−0.0040%	1h	0.2202	+0.169%	$7K	$236	10x	as long as short
Bybit ARBUSDT	−0.0039%	8h	0.2198	+0.019%	$53.5M	$125.9M	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	0.2197	−0.035%	$65K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2200	+0.113%	$73K	—	150x	as long as short
Extended ARB-USDshort	+0.0008%	1h	0.2198	−0.008%	$365K	$3.1M	25x
Binance ARBUSDT	+0.0010%	8h	0.2198	+0.025%	$63.4M	$299.1M	75x	as long as short
Variational Omni ARBlong	+0.0031%	8h	0.2198	long leg	$1.8M	$3.0M	—
BloFin ARB-USDT	+0.0040%	8h	0.2199	+0.060%	$3.0M	$2.3M	75x	as long as short
Phemex ARBUSDT	+0.0044%	8h	0.2199	+0.055%	$4.8M	$12.8M	50x	as long as short
Bitget ARBUSDT	+0.0078%	8h	0.2198	+0.010%	$21.1M	$34.7M	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2201	+0.142%	$140K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2201	+0.151%	$1.3M	$5.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2201	+0.142%	$36.7M	$49.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2199	+0.055%	$630K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2197	−0.039%	$43K	$146K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2200	+0.092%	$19.6M	$13.8M	75x	as long as short
BingX ARB-USDC	+0.0100%	8h	0.2199	+0.073%	—	$6.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2193	−0.216%	$40K	$467K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2194	−0.189%	$471K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2201	+0.146%	$119K	$267K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2201	+0.146%	$74K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2203	+0.237%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2199	+0.060%	$295K	$836K	50x	as long as short
RISEx ARB/USDC	+0.0123%	1h	0.2201	+0.154%	$527K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0250%	1h	0.2203	+0.214%	$983K	$2.8M	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0159%	1h	0.2200	+0.101%	$832K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2199	+0.058%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0336%	1h	0.2203	+0.260%	$527K	$1.5M	50x	as long as short