Funding you earn now, next payment 00:00 UTC−0.0121%/8h= −13.2% APRnext payment −$1.21 per $10,000 · paid last 24h −0.063%
Price spread now: Orderly against BloFin−0.059%7-day average −0.004% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.323%−$32 on $10k
+Price spread, last 3 days (all we have)+0.333%+$33 · spread now −0.059%, 7d avg −0.004%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Orderly is 0.055% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.004%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ARB-USDT | 0.2221 | 0.0098 | pay 0.0098% / 8h | 1h 59m | $3.0M | $3.3M | 75x |
| Short | Orderly PERP_ARB_USDC | 0.2220 | −0.0023 | pay 0.0023% / 8h | 1h 59m | $10K | $389K | 10x |
BloFin ARB-USDT
Orderly PERP_ARB_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against BloFin. 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
- −$25.34
- Price spread: −0.059% → −0.004%
- −$5.47
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$48.81
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 4 min ago; Orderly: 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 | 2.26 bp | 13.1 bp −$13 | 25.3 bp −$253 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | −0.1770% | 1h | 0.2207 | −0.644% | $40K | $283K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0360% | 1h | 0.2218 | −0.144% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0153% | 8h | 0.2215 | −0.289% | $1.8M | $2.8M | — | as long as short |
| Bybit ARBUSDT | −0.0129% | 8h | 0.2219 | −0.086% | $57.1M | $136.5M | 50x | as long as short |
| MEXC ARB_USDT | −0.0112% | 8h | 0.2221 | 0.000% | $36.7M | $62.0M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0111% | 8h | 0.2220 | −0.041% | $22.1M | $163.0M | 50x | as long as short |
| Extended ARB-USD | −0.0024% | 1h | 0.2219 | −0.094% | $353K | $2.4M | 25x | as long as short |
| Orderly PERP_ARB_USDCshort | −0.0023% | 8h | 0.2220 | −0.059% | $10K | $389K | 10x | |
| Binance ARBUSDT | −0.0022% | 8h | 0.2221 | +0.001% | $63.2M | $324.4M | 75x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0020% | 1h | 0.2221 | −0.014% | $25K | $32K | 25x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Variational Omni ARB
Bybit ARBUSDT
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Extended ARB-USD
Binance ARBUSDT
Deribit ARB_USDC-PERPETUALShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2216 | −0.249% | $65K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2221 | −0.035% | $55K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0006% | 8h | 0.2220 | −0.063% | $5.5M | $20.6M | 60x | as long as short |
| Aevo ARB-PERP | +0.0072% | 1h | 0.2222 | +0.026% | $145K | $12K | 3x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0086% | 1h | 0.2222 | +0.015% | $1.1M | $5.2M | 50x | as long as short |
| Bitget ARBUSDT | +0.0089% | 8h | 0.2219 | −0.104% | $20.8M | $38.1M | 50x | as long as short |
| BingX ARB-USDC | +0.0089% | 8h | 0.2218 | −0.135% | — | $6.5M | — | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2222 | +0.041% | $1.3M | $7.3M | 15x | as long as short |
| BloFin ARB-USDTlong | +0.0098% | 8h | 0.2221 | long leg | $3.0M | $3.3M | 75x | |
| Hyperliquid ARB | +0.0100% | 1h | 0.2221 | 0.000% | $39.6M | $52.6M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2220 | −0.078% | $689K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2217 | −0.194% | $44K | $200K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2218 | −0.131% | $20.4M | $17.0M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2216 | −0.254% | $36K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2216 | −0.251% | $477K | $4.0M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2217 | −0.194% | $120K | $297K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2220 | −0.068% | $76K | $2.2M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2219 | −0.104% | $1K | $1.1M | 30x | as long as short |
| SoDEX ARB-USD | +0.0100% | 1h | 0.2221 | −0.009% | $4K | $2.9M | 5x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2222 | +0.032% | $274K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2219 | −0.104% | $5.2M | $13.7M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0153% / S −0.0019% | 1h | 0.2221 | −0.017% | $843K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0264% | 1h | 0.2225 | +0.167% | $505K | $2.5M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2219 | −0.094% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0363% | 1h | 0.2219 | −0.081% | $490K | $2.8M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0530% | 1h | 0.2218 | −0.162% | $1.1M | $2.7M | 20x | as long as short |
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Aevo ARB-PERP
Kraken Futures PF_ARBUSD
Bitget ARBUSDT
BingX ARB-USDC
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
SoDEX ARB-USD
HTX ARB-USDT
Phemex ARBUSDT
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP