Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0191%/8h= +20.9% APRpaid last 24h +0.056%

Price spread now: Reya against Aster−0.143%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.143% cheaper against Aster than usual: you would sell low and buy high (spread −0.143% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 2.5 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ARBUSDT	0.2228	0.0100	pay 0.0100% / 8h	2h 06m	$691K	$1.7M	20x
Short	Reya ARBRUSDPERP	0.2225	0.0291	get 0.0036% / 1h	6m 23s	$2K	$695	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Aster. 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 AsterbpFee ReyabpOrdersPrice spread, now −0.143%Rate

Funding earned: $40.03
Price spread: −0.143% → 0.000%: −$14.31
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: $11.73
Costs to cover: 0.140%
Break-even: 4.9 days

Slippage unknown: Aster: live order book, 2 min ago; Reya: 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, 2 min ago	2.91 bp	12.7 bp −$13	44.0 bp −$440	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	0.2212	−0.714%	$40K	$197K	12x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0469%	1h	0.2225	−0.122%	$38K	$20K	25x	as long as short
01 Exchange ARBUSD	−0.0280%	1h	0.2223	−0.202%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0159%	8h	0.2225	−0.117%	$1.9M	$2.8M	—	as long as short
SoDEX ARB-USD	−0.0137%	1h	0.2224	−0.166%	$4K	$2.9M	5x	as long as short
Bybit ARBUSDT	−0.0134%	8h	0.2226	−0.090%	$56.2M	$135.8M	50x	as long as short
MEXC ARB_USDT	−0.0110%	8h	0.2226	−0.095%	$36.9M	$63.9M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0109%	8h	0.2226	−0.072%	$22.2M	$163.8M	50x	as long as short
Polymarket Perps ARB-USD	−0.0066%	1h	0.2226	−0.081%	$77K	$2.2M	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0053%	1h	0.2226	−0.069%	$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
Extended ARB-USD	−0.0024%	1h	0.2225	−0.149%	$355K	$2.4M	25x	as long as short
Orderly PERP_ARB_USDC	−0.0022%	8h	0.2226	−0.086%	$10K	$389K	10x	as long as short
Binance ARBUSDT	−0.0021%	8h	0.2226	−0.072%	$63.3M	$324.6M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2227	−0.051%	$66K	$4K	10x	as long as short
Gate ARB_USDT	+0.0002%	8h	0.2227	−0.054%	$5.5M	$21.6M	60x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2228	−0.017%	$56K	—	150x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2225	−0.137%	$145K	$12K	3x	as long as short
Bitget ARBUSDT	+0.0088%	8h	0.2224	−0.175%	$20.8M	$38.2M	50x	as long as short
BingX ARB-USDC	+0.0089%	8h	0.2224	−0.157%	—	$6.5M	—	as long as short
Lighter ARB	+0.0096%	1h	0.2226	−0.068%	$1.3M	$7.8M	15x	as long as short
BloFin ARB-USDT	+0.0099%	8h	0.2224	−0.166%	$3.0M	$3.3M	75x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2228	−0.009%	$39.7M	$52.5M	10x	as long as short
Aster ARBUSDTlong	+0.0100%	8h	0.2228	long leg	$691K	$1.7M	20x
Pacifica ARB	+0.0100%	1h	0.2227	−0.053%	$45K	$200K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2226	−0.077%	$20.5M	$16.9M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2231	+0.130%	$36K	$459K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2231	+0.140%	$483K	$4.1M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2230	+0.094%	$121K	$297K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2226	−0.086%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2228	−0.014%	$274K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2226	−0.086%	$5.2M	$13.7M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0153% / S −0.0018%	1h	0.2228	−0.015%	$844K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2249	+0.947%	$504K	$2.5M	50x	as long as short
Reya ARBRUSDPERPshort	+0.0291%	1h	0.2225	−0.143%	$2K	$695	20x
RISEx ARB/USDC	+0.0546%	1h	0.2228	−0.017%	$494K	$2.8M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0547%	1h	0.2228	0.000%	$1.1M	$2.7M	20x	as long as short