Funding you earn now, next payment 00:00 UTC−0.0141%/8h= −15.4% APRnext payment −$1.41 per $10,000 · paid last 24h −0.050%
Price spread now: Orderly against Aster−0.158%7-day average −0.002% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.287%−$29 on $10k
+Price spread, last 3 days (all we have)+0.786%+$79 · spread now −0.158%, 7d avg −0.002%
=Together, before fees+0.499%+ Points / potential airdropAster: Stage 5 · farm board+$50 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Orderly is 0.156% cheaper against Aster than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.002%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster ARBUSDT | 0.2302 | 0.0100 | pay 0.0100% / 8h | 48m 43s | $716K | $1.6M | 20x |
| Short | Orderly PERP_ARB_USDC | 0.2298 | −0.0041 | pay 0.0041% / 8h | 48m 43s | $13K | $398K | 10x |
Aster ARBUSDT
Orderly PERP_ARB_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Aster. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$29.57
- Price spread: −0.158% → −0.002%
- −$15.58
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$59.14
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Aster: live order book, 4 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 Aster live order book, 4 min ago | 4.16 bp | 14.0 bp −$14 | 75.0 bp −$750 | 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 | −0.1785% | 1h | 0.2287 | −0.636% | $41K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0184% | 1h | 0.2299 | −0.127% | $80K | $2.0M | 10x | as long as short |
| Variational Omni ARB | −0.0182% | 8h | 0.2292 | −0.416% | $1.9M | $2.7M | — | as long as short |
| 01 Exchange ARBUSD | −0.0168% | 1h | 0.2299 | −0.101% | $7K | $2K | 10x | as long as short |
| Bybit ARBUSDT | −0.0155% | 8h | 0.2296 | −0.240% | $59.2M | $129.1M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0103% | 8h | 0.2296 | −0.258% | $23.3M | $162.5M | 50x | as long as short |
| MEXC ARB_USDT | −0.0103% | 8h | 0.2298 | −0.162% | $38.7M | $59.4M | 200x | as long as short |
| Orderly PERP_ARB_USDCshort | −0.0041% | 8h | 0.2298 | −0.158% | $13K | $398K | 10x | |
| dYdX ARB-USD | 0.0000% | 1h | 0.2300 | −0.084% | $68K | $4K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2299 | −0.097% | $26K | $32K | 25x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
Variational Omni ARB
01 Exchange ARBUSD
Bybit ARBUSDT
OKX ARB-USDT-SWAP
MEXC ARB_USDT
dYdX ARB-USD
Deribit ARB_USDC-PERPETUALShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2301 | −0.036% | $57K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0005% | 8h | 0.2299 | −0.100% | $67.2M | $314.4M | 75x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2300 | −0.088% | $365K | $2.3M | 25x | as long as short |
| SoDEX ARB-USD | +0.0018% | 1h | 0.2298 | −0.145% | $4K | $2.6M | 5x | as long as short |
| BloFin ARB-USDT | +0.0021% | 8h | 0.2300 | −0.062% | $3.1M | $2.8M | 75x | as long as short |
| Gate ARB_USDT | +0.0032% | 8h | 0.2302 | −0.001% | $5.6M | $20.1M | 60x | as long as short |
| BingX ARB-USDT | +0.0067% | 8h | 0.2301 | −0.041% | — | $53.4M | — | as long as short |
| Bitget ARBUSDT | +0.0069% | 8h | 0.2296 | −0.245% | $21.8M | $36.6M | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2300 | −0.057% | $150K | $12K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2301 | −0.041% | $1.4M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2305 | +0.155% | $41.8M | $47.9M | 10x | as long as short |
| Aster ARBUSDTlong | +0.0100% | 8h | 0.2302 | long leg | $716K | $1.6M | 20x | |
| Pacifica ARB | +0.0100% | 1h | 0.2300 | −0.060% | $48K | $187K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2302 | +0.007% | $20.1M | $16.4M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2291 | −0.460% | $41K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2292 | −0.403% | $489K | $3.7M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2291 | −0.462% | $123K | $295K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2301 | −0.028% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2299 | −0.119% | $294K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2297 | −0.201% | $5.3M | $13.3M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0216% | 1h | 0.2301 | −0.028% | $517K | $2.3M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0233% | 1h | 0.2299 | −0.109% | $1.2M | $4.9M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0274% / S −0.0157% | 1h | 0.2301 | −0.038% | $862K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2299 | −0.104% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0330% | 1h | 0.2302 | −0.001% | $508K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0591% | 1h | 0.2303 | +0.051% | $909K | $2.8M | 20x | as long as short |
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
SoDEX ARB-USD
BloFin ARB-USDT
Gate ARB_USDT
BingX ARB-USDT
Bitget ARBUSDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
Kraken Futures PF_ARBUSD
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP