Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0245%/8h= −26.8% APRpaid last 24h −0.043%

Price spread now: Deribit against Bitget+0.040%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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. Deribit is 0.040% dearer against Bitget than usual: you sell high and buy low (spread +0.040% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ARBUSDT	0.2272	0.0099	pay 0.0099% / 8h	7h 10m	$21.8M	$35.7M	50x
Short	Deribit ARB_USDC-PERPETUAL	0.2273	−0.0146	pay 0.0018% / 1h	10m 06s	$25K	$34K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bitget. 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 BitgetbpFee DeribitbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$51.45
Price spread: +0.040% → 0.000%: $3.96
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$66.49
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 4 min ago; Deribit: 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 Bitget live order book, 4 min ago	2.20 bp	12.5 bp −$13	22.3 bp −$223	123.6 bp −$12.4K	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	−0.1666%	1h	0.2260	−0.528%	$41K	$372K	12x	as long as short
Variational Omni ARB	−0.0201%	8h	0.2267	−0.239%	$2.0M	$2.8M	—	as long as short
Deribit ARB_USDC-PERPETUALshort	−0.0146%	1h	0.2273	+0.040%	$25K	$34K	25x
01 Exchange ARBUSD	−0.0144%	1h	0.2277	+0.207%	$7K	$2K	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0137%	1h	0.2274	+0.100%	$1.2M	$4.9M	50x	as long as short
Bybit ARBUSDT	−0.0110%	8h	0.2271	−0.022%	$59.0M	$126.6M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0107%	8h	0.2272	+0.009%	$23.1M	$158.1M	50x	as long as short
MEXC ARB_USDT	−0.0106%	8h	0.2272	−0.013%	$39.2M	$59.4M	200x	as long as short
SoDEX ARB-USD	−0.0061%	1h	0.2272	−0.009%	$10K	$2.5M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0049%	8h	0.2273	+0.044%	$12K	$388K	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-USD	0.0000%	1h	0.2277	+0.204%	$67K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2275	+0.110%	$33K	—	150x	as long as short
Binance ARBUSDT	+0.0024%	8h	0.2272	+0.004%	$67.2M	$310.4M	75x	as long as short
Extended ARB-USD	+0.0024%	1h	0.2271	−0.025%	$366K	$2.5M	25x	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2274	+0.072%	$144K	$7K	3x	as long as short
BloFin ARB-USDT	+0.0091%	8h	0.2269	−0.136%	$3.2M	$2.9M	75x	as long as short
BingX ARB-USDC	+0.0094%	8h	0.2272	0.000%	—	$6.5M	—	as long as short
Lighter ARB	+0.0096%	1h	0.2274	+0.088%	$1.4M	$7.3M	15x	as long as short
Bitget ARBUSDTlong	+0.0099%	8h	0.2272	long leg	$21.8M	$35.7M	50x
Hyperliquid ARB	+0.0100%	1h	0.2275	+0.145%	$41.2M	$47.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2275	+0.141%	$707K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2277	+0.202%	$46K	$184K	10x	as long as short
Gate ARB_USDT	+0.0100%	8h	0.2273	+0.040%	$5.5M	$20.0M	60x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2272	0.000%	$19.8M	$15.8M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2262	−0.420%	$41K	$464K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2276	+0.176%	$488K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2264	−0.352%	$122K	$296K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2276	+0.154%	$65K	$2.0M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2275	+0.132%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2272	+0.004%	$296K	$976K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2273	+0.044%	$5.2M	$12.9M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0232%	1h	0.2272	+0.004%	$523K	$2.3M	50x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2273	+0.025%	$2K	$695	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0291% / S −0.0179%	1h	0.2274	+0.092%	$911K	—	150x	as long as short
RISEx ARB/USDC	+0.0384%	1h	0.2278	+0.275%	$519K	$2.6M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0601%	1h	0.2276	+0.158%	$1.0M	$2.8M	20x	as long as short