ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.18 per $10,000 · paid last 24h −0.019%

Price spread now: Orderly against Bybit−0.208%7-day average +0.053% · you buy dearer than you sell

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

Long on Bybit Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.162%−$16 on $10k

Price spread, last 3 days (all we have)+0.640%+$64 · spread now −0.208%, 7d avg +0.053%

Together, before fees+0.477%+$48 on $10k · with fees, hour by hour

Funding pays, the price is against you. Orderly is 0.260% cheaper against Bybit than usual: you would sell low and buy high (spread −0.208% now, against its 7-day average of +0.053%). If the spread goes back, that is −$26 on $10k: about 47 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.162%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARBUSDT	0.2217	−0.0072	get 0.0072% / 8h	6h 47m	$57.1M	$129.3M	50x
Short	Orderly PERP_ARB_USDC	0.2212	−0.0054	pay 0.0054% / 8h	6h 47m	$12K	$385K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.208%Rate

Funding earned: $3.86
Price spread: −0.208% → +0.053%: −$26.01
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$39.15
Costs to cover: 0.170%
Break-even: 78.0 days

Slippage unknown: Bybit: live order book, 1 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 Bybit live order book, 1 min ago	0.23 bp	11.3 bp −$11	24.1 bp −$241	51.1 bp −$5,113	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	−0.1692%	1h	0.2202	−0.659%	$40K	$372K	12x	as long as short
ApeX Omni ARBUSDT	−0.0820%	1h	0.2212	−0.208%	$119K	$295K	50x	as long as short
01 Exchange ARBUSD	−0.0216%	1h	0.2211	−0.235%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0189%	8h	0.2213	−0.149%	$1.9M	$2.9M	—	as long as short
SoDEX ARB-USD	−0.0156%	1h	0.2212	−0.217%	$10K	$2.5M	5x	as long as short
OKX ARB-USDT-SWAP	−0.0103%	8h	0.2217	+0.005%	$22.4M	$157.5M	50x	as long as short
MEXC ARB_USDT	−0.0102%	8h	0.2219	+0.090%	$37.3M	$58.9M	200x	as long as short
Bybit ARBUSDTlong	−0.0072%	8h	0.2217	long leg	$57.1M	$129.3M	50x
Orderly PERP_ARB_USDCshort	−0.0054%	8h	0.2212	−0.208%	$12K	$385K	10x
Deribit ARB_USDC-PERPETUAL	−0.0021%	1h	0.2212	−0.189%	$24K	$34K	25x	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	0.2215	−0.092%	$66K	$5K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2212	−0.188%	$31K	—	150x	as long as short
Binance ARBUSDT	+0.0006%	8h	0.2216	−0.018%	$64.8M	$318.2M	75x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2218	+0.044%	$352K	$2.5M	25x	as long as short
Gate ARB_USDT	+0.0022%	8h	0.2215	−0.090%	$5.4M	$19.7M	60x	as long as short
BloFin ARB-USDT	+0.0029%	8h	0.2212	−0.230%	$3.1M	$2.9M	75x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2213	−0.177%	$140K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2212	−0.199%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2217	+0.023%	$38.2M	$50.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2213	−0.180%	$659K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2215	−0.072%	$42K	$189K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2217	+0.027%	$19.6M	$15.9M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2217	+0.018%	$21.2M	$36.5M	50x	as long as short
BingX ARB-USDC	+0.0100%	8h	0.2214	−0.113%	—	$6.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2208	−0.398%	$40K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2209	−0.359%	$479K	$3.6M	10x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2213	−0.158%	$76K	$2.0M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2211	−0.253%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2214	−0.099%	$296K	$1.0M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2213	−0.162%	$5.1M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0240%	1h	0.2218	+0.059%	$507K	$2.2M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2212	−0.208%	$825K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2210	−0.317%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0312%	1h	0.2214	−0.137%	$1.1M	$4.8M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2214	−0.117%	$500K	$2.6M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0474%	1h	0.2217	−0.005%	$999K	$2.9M	20x	as long as short