Funding you earn now, next payment 00:00 UTC−0.0161%/8h= −17.6% APRnext payment −$1.61 per $10,000 · paid last 24h +0.013%
Price spread now: Bybit against Binance−0.141%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$350.353% of the position
Funding, last 7 days+0.031%+$3 on $10k
+Price spread, last 7 days+0.122%+$12 · spread now −0.141%, 7d avg −0.033%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.108% cheaper against Binance than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.033%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ARBUSDT | 0.2299 | 0.0005 | pay 0.0005% / 8h | 48m 41s | $67.2M | $314.4M | 75x |
| Short | Bybit ARBUSDT | 0.2296 | −0.0155 | pay 0.0155% / 8h | 48m 41s | $59.2M | $129.1M | 50x |
Binance ARBUSDT
Bybit ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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
- −$33.74
- Price spread: −0.141% → −0.033%
- −$10.78
- Slippage, 4 orders
- −$14.32
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$79.85
- Costs to cover
- 0.353%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; Bybit: live order book, 5 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 Binance live order book, 10 min ago | 0.22 bp | 8.4 bp −$8 | 21.2 bp −$212 | 74.7 bp −$7,470 | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.22 bp | 9.9 bp −$10 | 19.2 bp −$192 | 49.8 bp −$4,978 | 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 | −0.1785% | 1h | 0.2287 | −0.537% | $41K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0184% | 1h | 0.2299 | −0.028% | $80K | $2.0M | 10x | as long as short |
| Variational Omni ARB | −0.0182% | 8h | 0.2292 | −0.317% | $1.9M | $2.7M | — | as long as short |
| 01 Exchange ARBUSD | −0.0168% | 1h | 0.2299 | −0.002% | $7K | $2K | 10x | as long as short |
| Bybit ARBUSDTshort | −0.0155% | 8h | 0.2296 | −0.141% | $59.2M | $129.1M | 50x | |
| OKX ARB-USDT-SWAP | −0.0103% | 8h | 0.2296 | −0.158% | $23.3M | $162.5M | 50x | as long as short |
| MEXC ARB_USDT | −0.0103% | 8h | 0.2298 | −0.063% | $38.7M | $59.4M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0041% | 8h | 0.2298 | −0.058% | $13K | $398K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2300 | +0.016% | $68K | $4K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2299 | +0.003% | $26K | $32K | 25x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
Variational Omni ARB
01 Exchange ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Orderly PERP_ARB_USDC
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 | +0.063% | $57K | — | 150x | as long as short |
| Binance ARBUSDTlong | +0.0005% | 8h | 0.2299 | long leg | $67.2M | $314.4M | 75x | |
| Extended ARB-USD | +0.0008% | 1h | 0.2300 | +0.012% | $365K | $2.3M | 25x | as long as short |
| SoDEX ARB-USD | +0.0018% | 1h | 0.2298 | −0.045% | $4K | $2.6M | 5x | as long as short |
| BloFin ARB-USDT | +0.0021% | 8h | 0.2300 | +0.037% | $3.1M | $2.8M | 75x | as long as short |
| Gate ARB_USDT | +0.0032% | 8h | 0.2302 | +0.098% | $5.6M | $20.1M | 60x | as long as short |
| BingX ARB-USDT | +0.0067% | 8h | 0.2301 | +0.059% | — | $53.4M | — | as long as short |
| Bitget ARBUSDT | +0.0069% | 8h | 0.2296 | −0.145% | $21.8M | $36.6M | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2300 | +0.043% | $150K | $12K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2301 | +0.059% | $1.4M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2305 | +0.255% | $41.8M | $47.9M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2302 | +0.100% | $716K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2300 | +0.040% | $48K | $187K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2302 | +0.107% | $20.1M | $16.4M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2291 | −0.360% | $41K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2292 | −0.303% | $489K | $3.7M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2291 | −0.363% | $123K | $295K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2301 | +0.072% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2299 | −0.019% | $294K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2297 | −0.102% | $5.3M | $13.3M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0216% | 1h | 0.2301 | +0.072% | $517K | $2.3M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0233% | 1h | 0.2299 | −0.009% | $1.2M | $4.9M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0274% / S −0.0157% | 1h | 0.2301 | +0.062% | $862K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2299 | −0.004% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0330% | 1h | 0.2302 | +0.099% | $508K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0591% | 1h | 0.2303 | +0.150% | $909K | $2.8M | 20x | as long as short |
gTrade (Gains Network) ARB/USD
Extended ARB-USD
SoDEX ARB-USD
BloFin ARB-USDT
Gate ARB_USDT
BingX ARB-USDT
Bitget ARBUSDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
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