Funding you earn now, next payment 08:00 UTC+0.0138%/8h= +15.1% APRnext payment +$1.38 per $10,000 · paid last 24h +0.009%
Price spread now: Binance against Bybit+0.107%7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$330.334% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 7 days−0.074%−$7 · spread now +0.107%, 7d avg +0.034%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Binance is 0.073% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.034%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ARBUSDT | 0.2188 | −0.0063 | get 0.0063% / 8h | 2h 52m | $54.5M | $123.7M | 50x |
| Short | Binance ARBUSDT | 0.2190 | 0.0075 | get 0.0075% / 8h | 2h 52m | $62.9M | $300.6M | 75x |
Bybit ARBUSDT
Binance ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $28.98
- Price spread: +0.107% → +0.034%
- $7.35
- Slippage, 4 orders
- −$12.44
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $2.9
- Costs to cover
- 0.334%
- Break-even
- 6.3 days
Slippage from Bybit: live order book, 1 min ago; Binance: live order book, 6 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 Bybit live order book, 1 min ago | 0.23 bp | 9.6 bp −$10 | 19.4 bp −$194 | 43.0 bp −$4,297 | doesn't fit |
| Sell Binance live order book, 6 min ago | 0.23 bp | 9.4 bp −$9 | 17.3 bp −$173 | 68.2 bp −$6,825 | doesn't fit |
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 | 0.2174 | −0.626% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0200% | 1h | 0.2190 | +0.087% | $7K | $236 | 10x | as long as short |
| Polymarket Perps ARB-USD | −0.0169% | 1h | 0.2186 | −0.091% | $78K | $2.1M | 10x | as long as short |
| Variational Omni ARB | −0.0095% | 8h | 0.2182 | −0.253% | $1.8M | $3.0M | — | as long as short |
| OKX ARB-USDT-SWAP | −0.0094% | 8h | 0.2188 | +0.037% | $21.8M | $142.9M | 50x | as long as short |
| MEXC ARB_USDT | −0.0093% | 8h | 0.2190 | +0.091% | $41.3M | $60.1M | 200x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0074% | 1h | 0.2189 | +0.068% | $1.1M | $4.4M | 50x | as long as short |
| Bybit ARBUSDTlong | −0.0063% | 8h | 0.2188 | long leg | $54.5M | $123.7M | 50x | |
| Orderly PERP_ARB_USDC | −0.0059% | 8h | 0.2187 | −0.032% | $13K | $407K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2190 | +0.105% | $65K | $5K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Polymarket Perps ARB-USD
Variational Omni ARB
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Kraken Futures PF_ARBUSD
Orderly PERP_ARB_USDC
dYdX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2189 | +0.050% | $24K | $31K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2188 | −0.007% | $44K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0026% | 8h | 0.2190 | +0.123% | $5.4M | $18.0M | 60x | as long as short |
| Bitget ARBUSDT | +0.0049% | 8h | 0.2189 | +0.059% | $20.8M | $34.2M | 50x | as long as short |
| BingX ARB-USDC | +0.0070% | 8h | 0.2187 | −0.055% | — | $6.5M | — | as long as short |
| Extended ARB-USD | +0.0072% | 1h | 0.2189 | +0.063% | $348K | $2.8M | 25x | as long as short |
| Binance ARBUSDTshort | +0.0075% | 8h | 0.2190 | +0.107% | $62.9M | $300.6M | 75x | |
| RISEx ARB/USDC | +0.0086% | 1h | 0.2190 | +0.126% | $445K | $2.6M | 10x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2189 | +0.055% | $1.2M | $5.5M | 15x | as long as short |
| Aevo ARB-PERP | +0.0096% | 1h | 0.2188 | +0.011% | $139K | $7K | 3x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2190 | +0.123% | $37.0M | $48.5M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2189 | +0.073% | $631K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2190 | +0.094% | $42K | $160K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2190 | +0.105% | $19.6M | $14.5M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2182 | −0.276% | $39K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2185 | −0.139% | $475K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2185 | −0.123% | $118K | $283K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2187 | −0.032% | $1K | $1.1M | 30x | as long as short |
| SoDEX ARB-USD | +0.0100% | 1h | 0.2188 | +0.018% | $10K | $2.2M | 5x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2189 | +0.059% | $292K | $886K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2187 | −0.032% | $4.9M | $12.8M | 50x | as long as short |
| BloFin ARB-USDT | +0.0193% | 8h | 0.2189 | +0.041% | $3.0M | $2.5M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0277% / S −0.0160% | 1h | 0.2188 | +0.027% | $830K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2186 | −0.069% | $502K | $1.6M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2186 | −0.096% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0680% | 1h | 0.2192 | +0.201% | $983K | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Bitget ARBUSDT
BingX ARB-USDC
Extended ARB-USD
RISEx ARB/USDC
Lighter ARB
Aevo ARB-PERP
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
SoDEX ARB-USD
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP