Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0101%/8h= −11.1% APRpaid last 24h −0.047%

Price spread now: Orderly against Aevo−0.080%59s7-day average −0.047% · you buy dearer than you sell

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

Long on Aevo Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.263%−$26 on $10k

Price spread, last 3 days (all we have)+0.052%+$5 · spread now −0.080%, 7d avg −0.047%

Together, before fees−0.211%−$21 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 Orderly is 0.032% cheaper against Aevo than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.047%). Swap the legs. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ARB-PERP	0.2233	0.0080	pay 0.0010% / 1h	8m 22s	$146K	$12K	3x
Short	Orderly PERP_ARB_USDC	0.2231	−0.0021	pay 0.0021% / 8h	2h 08m	$10K	$389K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.080%Rate

Funding earned: −$21.3
Price spread: −0.080% → −0.047%: −$3.24
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$46.54
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Aevo: live order book, 15 min ago; Orderly: 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 Aevo live order book, 15 min ago	33.44 bp	58.7 bp −$59	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.1675%	1h	0.2218	−0.662%	$40K	$197K	12x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0287%	1h	0.2232	−0.030%	$38K	$20K	25x	as long as short
01 Exchange ARBUSD	−0.0272%	1h	0.2230	−0.125%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0159%	8h	0.2225	−0.335%	$1.9M	$2.8M	—	as long as short
Bybit ARBUSDT	−0.0138%	8h	0.2231	−0.066%	$56.3M	$135.7M	50x	as long as short
SoDEX ARB-USD	−0.0123%	1h	0.2230	−0.111%	$4K	$2.9M	5x	as long as short
OKX ARB-USDT-SWAP	−0.0106%	8h	0.2230	−0.129%	$22.2M	$164.1M	50x	as long as short
MEXC ARB_USDT	−0.0106%	8h	0.2230	−0.107%	$36.9M	$63.9M	200x	as long as short
Polymarket Perps ARB-USD	−0.0058%	1h	0.2231	−0.080%	$77K	$2.2M	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0053%	1h	0.2233	+0.007%	$1.1M	$5.3M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ARB_USDCshort	−0.0021%	8h	0.2231	−0.080%	$10K	$389K	10x
Binance ARBUSDT	−0.0019%	8h	0.2231	−0.083%	$63.5M	$324.6M	75x	as long as short
Extended ARB-USD	−0.0016%	1h	0.2230	−0.127%	$355K	$2.4M	25x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2232	−0.045%	$66K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2233	−0.013%	$57K	—	150x	as long as short
Gate ARB_USDT	+0.0005%	8h	0.2232	−0.048%	$5.5M	$21.6M	60x	as long as short
Aevo ARB-PERPlong	+0.0080%	1h	0.2233	long leg	$146K	$12K	3x
Bitget ARBUSDT	+0.0089%	8h	0.2231	−0.080%	$20.9M	$38.2M	50x	as long as short
BingX ARB-USDT	+0.0089%	8h	0.2231	−0.075%	—	$54.0M	—	as long as short
Lighter ARB	+0.0096%	1h	0.2232	−0.053%	$1.3M	$7.8M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2234	+0.041%	$39.8M	$52.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2232	−0.039%	$693K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2232	−0.020%	$45K	$200K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2232	−0.021%	$20.5M	$16.9M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2226	−0.307%	$36K	$458K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2226	−0.304%	$479K	$4.0M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2226	−0.304%	$121K	$297K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2231	−0.080%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2231	−0.080%	$275K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2232	−0.035%	$5.2M	$13.7M	50x	as long as short
BloFin ARB-USDT	+0.0103%	8h	0.2232	−0.035%	$3.0M	$3.3M	75x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0153% / S −0.0018%	1h	0.2232	−0.025%	$846K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2249	+0.726%	$504K	$2.5M	50x	as long as short
Reya ARBRUSDPERP	+0.0291%	1h	0.2231	−0.098%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0546%	1h	0.2233	+0.014%	$495K	$2.8M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0556%	1h	0.2234	+0.064%	$1.1M	$2.7M	20x	as long as short