Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0201%/8h= −22.1% APRpaid last 24h −0.056%

Price spread now: Deribit against BloFin+0.064%7-day average — · you sell dearer than you buy

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

Long on BloFin 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 0.064% dearer against BloFin than usual: you sell high and buy low (spread +0.064% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ARB-USDT	0.2175	0.0201	pay 0.0201% / 8h	2h 28m	$3.0M	$2.4M	75x
Short	Deribit ARB_USDC-PERPETUAL	0.2177	0	get 0.0000% / 1h	28m 51s	$23K	$33K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against BloFin. 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 BloFinbpFee DeribitbpOrdersPrice spread, now +0.064%Rate

Funding earned: −$42.29
Price spread: +0.064% → 0.000%: $6.44
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$54.86
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: BloFin: 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 BloFin live order book, 4 min ago	3.90 bp	11.7 bp −$12	18.7 bp −$187	doesn't fit	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	−0.1581%	1h	0.2163	−0.561%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0176%	1h	0.2176	+0.032%	$7K	$236	10x	as long as short
Polymarket Perps ARB-USD	−0.0115%	1h	0.2176	+0.041%	$78K	$2.1M	10x	as long as short
Variational Omni ARB	−0.0096%	8h	0.2173	−0.124%	$1.8M	$3.0M	—	as long as short
MEXC ARB_USDT	−0.0075%	8h	0.2175	−0.014%	$41.5M	$61.3M	200x	as long as short
Kraken Futures PF_ARBUSD	−0.0075%	1h	0.2177	+0.070%	$1.0M	$4.4M	50x	as long as short
Bybit ARBUSDT	−0.0073%	8h	0.2173	−0.101%	$54.3M	$124.3M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0073%	8h	0.2174	−0.041%	$21.5M	$142.3M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0053%	8h	0.2177	+0.083%	$12K	$409K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2173	−0.086%	$64K	$5K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUALshort	0.0000%	1h	0.2177	+0.064%	$23K	$33K	25x
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2176	+0.058%	$43K	—	150x	as long as short
Bitget ARBUSDT	+0.0052%	8h	0.2173	−0.101%	$20.8M	$34.3M	50x	as long as short
Gate ARB_USDT	+0.0066%	8h	0.2175	−0.014%	$5.4M	$18.2M	60x	as long as short
Extended ARB-USD	+0.0080%	1h	0.2174	−0.077%	$348K	$2.8M	25x	as long as short
Binance ARBUSDT	+0.0081%	8h	0.2174	−0.037%	$62.1M	$300.4M	75x	as long as short
BingX ARB-USDT	+0.0082%	8h	0.2175	−0.032%	—	$53.9M	—	as long as short
RISEx ARB/USDC	+0.0086%	1h	0.2177	+0.082%	$440K	$2.6M	10x	as long as short
Lighter ARB	+0.0096%	1h	0.2174	−0.037%	$1.2M	$5.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2175	−0.014%	$36.4M	$48.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2175	+0.005%	$626K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2173	−0.098%	$42K	$160K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2175	−0.028%	$19.4M	$14.4M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2176	+0.023%	$38K	$464K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2175	−0.009%	$463K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2175	−0.009%	$117K	$282K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2180	+0.221%	$2K	$1.1M	30x	as long as short
SoDEX ARB-USD	+0.0100%	1h	0.2175	−0.014%	$9K	$2.2M	5x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2177	+0.060%	$290K	$894K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2175	−0.009%	$4.9M	$12.7M	50x	as long as short
Aevo ARB-PERP	+0.0104%	1h	0.2177	+0.083%	$138K	$7K	3x	as long as short
BloFin ARB-USDTlong	+0.0201%	8h	0.2175	long leg	$3.0M	$2.4M	75x
GMX ARB/USD [ARB-USDC]	L +0.0277% / S −0.0159%	1h	0.2177	+0.079%	$824K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2177	+0.083%	$503K	$1.6M	50x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2176	+0.056%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0673%	1h	0.2178	+0.129%	$976K	$2.8M	20x	as long as short