Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0179%/8h= −19.6% APRpaid last 24h −0.042%

Price spread now: OKX against Aevo−0.074%7-day average −0.101% · you buy dearer than you sell

Net, funding: paid 7d − costs−$148as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1291.285% of the position

Long on Aevo Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.193%−$19 on $10k

Price spread, last 4 days (all we have)−0.616%−$62 · spread now −0.074%, 7d avg −0.101%

Together, before fees−0.809%−$81 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.027% dearer against Aevo than usual: you sell high and buy low (spread −0.074% now, against its 7-day average of −0.101%): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ARB-PERP	0.2175	0.0104	pay 0.0013% / 1h	30m 17s	$138K	$7K	3x
Short	OKX ARB-USDT-SWAP	0.2174	−0.0075	pay 0.0075% / 8h	2h 30m	$21.5M	$142.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Aevo. 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 AevobpFee OKXbpOrdersPrice spread, now −0.074%Rate

Funding earned: −$37.61
Price spread: −0.074% → −0.101%: $2.72
Slippage, 4 orders: −$102.51
Fee Aevo: 8 bp × 2 orders: −$16
Fee OKX: 5 bp × 2 orders: −$10
Net: −$163.4
Costs to cover: 1.285%
Break-even: never at this rate

Slippage from Aevo: live order book, 14 min ago; OKX: 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 Aevo live order book, 14 min ago	25.20 bp	57.2 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.92 bp	10.2 bp −$10	25.5 bp −$255	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	−0.1581%	1h	0.2165	−0.483%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0176%	1h	0.2173	−0.106%	$7K	$236	10x	as long as short
Polymarket Perps ARB-USD	−0.0118%	1h	0.2174	−0.069%	$77K	$2.1M	10x	as long as short
Variational Omni ARB	−0.0096%	8h	0.2173	−0.137%	$1.8M	$3.0M	—	as long as short
OKX ARB-USDT-SWAPshort	−0.0075%	8h	0.2174	−0.074%	$21.5M	$142.1M	50x
MEXC ARB_USDT	−0.0075%	8h	0.2175	−0.023%	$41.5M	$61.3M	200x	as long as short
Kraken Futures PF_ARBUSD	−0.0075%	1h	0.2175	−0.028%	$1.0M	$4.4M	50x	as long as short
Bybit ARBUSDT	−0.0071%	8h	0.2173	−0.129%	$54.3M	$124.3M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0053%	8h	0.2174	−0.069%	$12K	$409K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2175	−0.039%	$64K	$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	0.2175	−0.046%	$23K	$33K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2175	−0.038%	$43K	—	150x	as long as short
Bitget ARBUSDT	+0.0053%	8h	0.2173	−0.115%	$20.8M	$34.3M	50x	as long as short
Gate ARB_USDT	+0.0065%	8h	0.2175	−0.037%	$5.4M	$18.2M	60x	as long as short
BingX ARB-USDC	+0.0078%	8h	0.2174	−0.087%	—	$6.5M	—	as long as short
Extended ARB-USD	+0.0080%	1h	0.2172	−0.157%	$348K	$2.8M	25x	as long as short
Binance ARBUSDT	+0.0081%	8h	0.2174	−0.060%	$62.2M	$300.4M	75x	as long as short
RISEx ARB/USDC	+0.0086%	1h	0.2174	−0.083%	$438K	$2.6M	10x	as long as short
Lighter ARB	+0.0096%	1h	0.2174	−0.083%	$1.2M	$5.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2175	0.000%	$36.4M	$48.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2175	−0.010%	$626K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2174	−0.071%	$42K	$160K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2175	−0.032%	$19.4M	$14.4M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2176	+0.010%	$38K	$464K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2176	+0.017%	$465K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2175	−0.023%	$117K	$282K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2178	+0.115%	$1K	$1.1M	30x	as long as short
SoDEX ARB-USD	+0.0100%	1h	0.2174	−0.083%	$9K	$2.2M	5x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2174	−0.055%	$290K	$894K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2174	−0.069%	$4.9M	$12.7M	50x	as long as short
Aevo ARB-PERPlong	+0.0104%	1h	0.2175	long leg	$138K	$7K	3x
BloFin ARB-USDT	+0.0200%	8h	0.2175	−0.041%	$3.0M	$2.4M	75x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0277% / S −0.0159%	1h	0.2175	−0.038%	$824K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2177	+0.069%	$502K	$1.6M	50x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2174	−0.067%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0682%	1h	0.2177	+0.069%	$976K	$2.8M	20x	as long as short