Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0115%/8h= +12.6% APRpaid last 24h −0.011%

Price spread now: Deribit against Bybit−0.092%7-day average — · you buy dearer than you sell

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

Long on Bybit 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

Funding pays, the price is against you. Deribit is 0.092% cheaper against Bybit than usual: you would sell low and buy high (spread −0.092% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 2.7 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARBUSDT	0.2165	−0.0188	get 0.0188% / 8h	4h 48m	$53.6M	$115.3M	50x
Short	Deribit ARB_USDC-PERPETUAL	0.2163	−0.0073	pay 0.0009% / 1h	48m 01s	$29K	$32K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bybit. 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 BybitbpFee DeribitbpOrdersPrice spread, now −0.092%Rate

Funding earned: $24.23
Price spread: −0.092% → 0.000%: −$9.24
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$3.01
Costs to cover: 0.180%
Break-even: 7.9 days

Slippage unknown: Bybit: 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 Bybit live order book, 4 min ago	0.23 bp	8.8 bp −$9	18.4 bp −$184	48.2 bp −$4,824	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 exchanges

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	−0.1644%	1h	0.2150	−0.716%	$39K	$372K	12x	as long as short
Kraken Futures PF_ARBUSD	−0.0491%	1h	0.2164	−0.090%	$1.0M	$3.9M	50x	as long as short
Polymarket Perps ARB-USD	−0.0364%	1h	0.2163	−0.097%	$74K	$1.7M	10x	as long as short
SoDEX ARB-USD	−0.0254%	1h	0.2163	−0.125%	$9K	$2.0M	5x	as long as short
Bybit ARBUSDTlong	−0.0188%	8h	0.2165	long leg	$53.6M	$115.3M	50x
MEXC ARB_USDT	−0.0171%	8h	0.2165	0.000%	$42.8M	$59.1M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0171%	8h	0.2165	−0.028%	$22.3M	$131.8M	50x	as long as short
01 Exchange ARBUSD	−0.0144%	1h	0.2166	+0.023%	$7K	$414	10x	as long as short
Gate ARB_USDT	−0.0094%	8h	0.2165	−0.046%	$5.5M	$15.3M	60x	as long as short
Variational Omni ARB	−0.0074%	8h	0.2159	−0.292%	$1.8M	$2.6M	—	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUALshort	−0.0073%	1h	0.2163	−0.092%	$29K	$32K	25x
Binance ARBUSDT	−0.0048%	8h	0.2165	−0.009%	$63.4M	$269.3M	75x	as long as short
Extended ARB-USD	−0.0048%	1h	0.2164	−0.050%	$359K	$3.1M	25x	as long as short
Orderly PERP_ARB_USDC	−0.0005%	8h	0.2163	−0.115%	$16K	$386K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2165	−0.003%	$63K	$3K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2164	−0.056%	$71K	—	150x	as long as short
BloFin ARB-USDT	+0.0071%	8h	0.2162	−0.171%	$3.0M	$2.1M	75x	as long as short
Aevo ARB-PERP	+0.0072%	1h	0.2162	−0.151%	$137K	$7K	3x	as long as short
Phemex ARBUSDT	+0.0093%	8h	0.2163	−0.115%	$4.6M	$12.4M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2164	−0.088%	$1.3M	$5.0M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2165	−0.032%	$34.8M	$48.0M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2166	+0.014%	$618K	$1.5M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2166	+0.018%	$53K	$150K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2166	+0.023%	$18.8M	$12.4M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2165	−0.023%	$20.8M	$31.0M	50x	as long as short
BingX ARB-USDC	+0.0100%	8h	0.2162	−0.166%	—	$6.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2157	−0.409%	$38K	$465K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2158	−0.366%	$462K	$3.2M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2157	−0.393%	$117K	$308K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2166	+0.023%	$2K	$1.0M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2167	+0.088%	$281K	$749K	50x	as long as short
Backpack ARB_USDC_PERP	+0.0180%	1h	0.2165	0.000%	$969K	$2.5M	20x	as long as short
RISEx ARB/USDC	+0.0276%	1h	0.2167	+0.061%	$551K	$2.3M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0279% / S −0.0162%	1h	0.2164	−0.062%	$828K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2163	−0.125%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0384%	1h	0.2165	−0.023%	$516K	$1.3M	50x	as long as short