Funding you earn now, next payment 03:00 UTC−0.0202%/8h= −22.1% APRpaid last 24h −0.047%
Price spread now: SoDEX against BingX−0.013%7-day average +0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$240.244% of the position
Funding, last 3 days (all we have)−0.089%−$9 on $10k
+Price spread, last 3 days (all we have)+0.481%+$48 · spread now −0.013%, 7d avg +0.032%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and SoDEX is 0.046% cheaper against BingX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.032%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ARB-USDT | 0.2228 | 0.0100 | pay 0.0100% / 8h | 5h 56m | — | $54.5M | — |
| Short | SoDEX ARB-USD | 0.2228 | −0.0102 | pay 0.0013% / 1h | 56m 16s | $10K | $2.4M | 5x |
BingX ARB-USDT
SoDEX ARB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against BingX. 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
- −$42.34
- Price spread: −0.013% → +0.032%
- −$4.58
- Slippage, 4 orders
- −$6.39
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$71.3
- Costs to cover
- 0.244%
- Break-even
- never at this rate
Slippage from BingX: live order book, 13 min ago; SoDEX: live order book, 3 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 BingX live order book, 13 min ago | 1.36 bp | 6.8 bp −$7 | 9.6 bp −$96 | 18.1 bp −$1,806 | 62.3 bp −$31.1K |
| Sell SoDEX live order book, 3 min ago | 0.22 bp | 5.5 bp −$5 | 18.5 bp −$185 | doesn't fit | doesn't fit |
ARB on 35 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 | −0.1577% | 1h | 0.2218 | −0.462% | $40K | $372K | 12x | as long as short |
| Variational Omni ARB | −0.0151% | 8h | 0.2224 | −0.213% | $1.9M | $2.9M | — | as long as short |
| Polymarket Perps ARB-USD | −0.0140% | 1h | 0.2230 | +0.067% | $87K | $2.1M | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0138% | 8h | 0.2228 | 0.000% | $22.4M | $154.0M | 50x | as long as short |
| MEXC ARB_USDT | −0.0138% | 8h | 0.2229 | +0.022% | $38.9M | $58.9M | 200x | as long as short |
| 01 Exchange ARBUSD | −0.0136% | 1h | 0.2230 | +0.063% | $7K | $2K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0109% | 1h | 0.2229 | +0.031% | $25K | $34K | 25x | as long as short |
| SoDEX ARB-USDshort | −0.0102% | 1h | 0.2228 | −0.013% | $10K | $2.4M | 5x | |
| Kraken Futures PF_ARBUSD | −0.0098% | 1h | 0.2229 | +0.049% | $1.1M | $4.6M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0070% | 8h | 0.2229 | +0.031% | $12K | $382K | 10x | as long as short |
Injective ARB/USDC PERP
Variational Omni ARB
Polymarket Perps ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
01 Exchange ARBUSD
Deribit ARB_USDC-PERPETUAL
Kraken Futures PF_ARBUSD
Orderly PERP_ARB_USDCShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ARB_USDT | −0.0054% | 8h | 0.2229 | +0.027% | $5.4M | $18.9M | 60x | as long as short |
| Bybit ARBUSDT | −0.0054% | 8h | 0.2228 | −0.009% | $56.7M | $127.1M | 50x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2227 | −0.039% | $66K | $5K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2226 | −0.083% | $353K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0002% | 8h | 0.2230 | +0.057% | $64.9M | $311.3M | 75x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0012% | 1h | 0.2230 | +0.054% | $11K | — | 150x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2231 | +0.106% | $141K | $7K | 3x | as long as short |
| Phemex ARBUSDT | +0.0094% | 8h | 0.2225 | −0.148% | $5.0M | $13.0M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2227 | −0.049% | $1.2M | $6.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2230 | +0.099% | $38.8M | $51.5M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2229 | +0.015% | $662K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2228 | 0.000% | $42K | $179K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2230 | +0.081% | $19.7M | $15.6M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2227 | −0.058% | $21.3M | $35.4M | 50x | as long as short |
| BingX ARB-USDTlong | +0.0100% | 8h | 0.2228 | long leg | — | $54.5M | — | |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2223 | −0.219% | $40K | $464K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2229 | +0.037% | $482K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2228 | −0.013% | $120K | $285K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2232 | +0.166% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2229 | +0.036% | $299K | $968K | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2232 | +0.166% | $509K | $2.1M | 50x | as long as short |
| RISEx ARB/USDC | +0.0232% | 1h | 0.2231 | +0.130% | $491K | $2.7M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2230 | +0.095% | $832K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2229 | +0.009% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0386% | 1h | 0.2225 | −0.166% | $1.0M | $2.8M | 20x | as long as short |
Gate ARB_USDT
Bybit ARBUSDT
dYdX ARB-USD
Extended ARB-USD
Binance ARBUSDT
gTrade (Gains Network) ARB/USD
Aevo ARB-PERP
Phemex ARBUSDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
Bitget ARBUSDT
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Coinbase International ARB-PERP-INTX
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP