Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0066%/8h= −7.2% APRpaid last 24h −0.030%

Price spread now: dYdX against BingX+0.216%7-day average — · you sell dearer than you buy

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

Long on BingX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.157%−$16 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.216% dearer against BingX than usual: you sell high and buy low (spread +0.216% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ARB-USDC	0.2266	0.0066	pay 0.0066% / 8h	25m 35s	—	$6.5M	—
Short	dYdX ARB-USD	0.2271	0	get 0.0000% / 1h	25m 35s	$67K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against BingX. 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 BingXbpFee dYdXbpOrdersPrice spread, now +0.216%Rate

Funding earned: −$13.86
Price spread: +0.216% → 0.000%: $21.62
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$12.24
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: BingX: live order book, 11 min ago; dYdX: 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 BingX live order book, 11 min ago	4.18 bp	19.0 bp −$19	43.6 bp −$436	102.5 bp −$10.2K	646.1 bp −$323.0K
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	0.2263	−0.154%	$41K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0271%	1h	0.2274	+0.344%	$75K	$2.0M	10x	as long as short
Variational Omni ARB	−0.0183%	8h	0.2274	+0.322%	$2.0M	$2.8M	—	as long as short
01 Exchange ARBUSD	−0.0176%	1h	0.2266	−0.035%	$7K	$2K	10x	as long as short
Bybit ARBUSDT	−0.0163%	8h	0.2264	−0.115%	$58.3M	$128.2M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0109%	8h	0.2264	−0.097%	$22.9M	$159.5M	50x	as long as short
MEXC ARB_USDT	−0.0108%	8h	0.2270	+0.137%	$38.0M	$59.7M	200x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0058%	1h	0.2273	+0.269%	$26K	$32K	25x	as long as short
SoDEX ARB-USD	−0.0052%	1h	0.2272	+0.251%	$4K	$2.6M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0039%	8h	0.2273	+0.287%	$13K	$395K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USDshort	0.0000%	1h	0.2271	+0.216%	$67K	$4K	10x
Gate ARB_USDT	+0.0001%	8h	0.2269	+0.097%	$5.5M	$20.2M	60x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2274	+0.320%	$55K	—	150x	as long as short
Binance ARBUSDT	+0.0016%	8h	0.2266	−0.026%	$66.5M	$313.0M	75x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2267	+0.037%	$361K	$2.3M	25x	as long as short
BloFin ARB-USDT	+0.0061%	8h	0.2276	+0.441%	$3.2M	$2.8M	75x	as long as short
Bitget ARBUSDT	+0.0063%	8h	0.2268	+0.066%	$21.3M	$35.9M	50x	as long as short
BingX ARB-USDClong	+0.0066%	8h	0.2266	long leg	—	$6.5M	—
Aevo ARB-PERP	+0.0088%	1h	0.2274	+0.327%	$149K	$12K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2271	+0.221%	$1.4M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2273	+0.304%	$41.4M	$47.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2271	+0.187%	$707K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2272	+0.238%	$48K	$184K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2270	+0.150%	$19.7M	$16.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2279	+0.539%	$40K	$460K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2274	+0.331%	$486K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2281	+0.640%	$123K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2279	+0.552%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2275	+0.362%	$290K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2276	+0.419%	$5.2M	$13.1M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0216%	1h	0.2281	+0.640%	$513K	$2.3M	50x	as long as short
Kraken Futures PF_ARBUSD	+0.0235%	1h	0.2274	+0.344%	$1.2M	$4.9M	50x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2274	+0.311%	$2K	$695	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0296% / S −0.0186%	1h	0.2273	+0.301%	$930K	—	150x	as long as short
RISEx ARB/USDC	+0.0330%	1h	0.2267	+0.041%	$515K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0474%	1h	0.2275	+0.379%	$925K	$2.8M	20x	as long as short