Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0315%/8h= +34.5% APRpaid last 24h +0.086%

Price spread now: Reya against Bybit−0.139%46s7-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 Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.139% cheaper against Bybit than usual: you would sell low and buy high (spread −0.139% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 35 hours of funding at the current rate (+$9 a day). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARBUSDT	0.2211	−0.0026	get 0.0026% / 8h	1h 47m	$54.4M	$126.5M	50x
Short	Reya ARBRUSDPERP	0.2208	0.0289	get 0.0036% / 1h	47m 45s	$2K	$695	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.139%Rate

Funding earned: $66.12
Price spread: −0.139% → 0.000%: −$13.9
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Reya: 3 bp × 2 orders: −$6
Net: $35.22
Costs to cover: 0.170%
Break-even: 3.3 days

Slippage unknown: Bybit: live order book, 1 min ago; Reya: 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	7.5 bp −$7	18.3 bp −$183	52.4 bp −$5,235	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	−0.1592%	1h	0.2200	−0.480%	$40K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0253%	1h	0.2208	−0.100%	$67K	$2.1M	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0157%	1h	0.2209	−0.063%	$28K	$38K	25x	as long as short
SoDEX ARB-USD	−0.0080%	1h	0.2208	−0.113%	$9K	$2.2M	5x	as long as short
OKX ARB-USDT-SWAP	−0.0071%	8h	0.2211	+0.014%	$22.0M	$146.7M	50x	as long as short
MEXC ARB_USDT	−0.0070%	8h	0.2211	+0.005%	$41.7M	$61.6M	200x	as long as short
Variational Omni ARB	−0.0070%	8h	0.2210	−0.032%	$1.8M	$3.0M	—	as long as short
01 Exchange ARBUSD	−0.0064%	1h	0.2209	−0.068%	$7K	$236	10x	as long as short
Orderly PERP_ARB_USDC	−0.0045%	8h	0.2210	−0.027%	$12K	$406K	10x	as long as short
Bybit ARBUSDTlong	−0.0026%	8h	0.2211	long leg	$54.4M	$126.5M	50x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2212	+0.048%	$65K	$5K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2210	−0.047%	$44K	—	150x	as long as short
RISEx ARB/USDC	+0.0056%	1h	0.2210	−0.031%	$467K	$2.6M	10x	as long as short
Bitget ARBUSDT	+0.0058%	8h	0.2210	−0.027%	$21.2M	$34.8M	50x	as long as short
Gate ARB_USDT	+0.0067%	8h	0.2210	−0.027%	$5.4M	$18.3M	60x	as long as short
BingX ARB-USDT	+0.0093%	8h	0.2210	−0.027%	—	$53.0M	—	as long as short
Binance ARBUSDT	+0.0095%	8h	0.2211	+0.027%	$63.2M	$302.0M	75x	as long as short
Lighter ARB	+0.0096%	1h	0.2211	+0.032%	$1.3M	$5.5M	15x	as long as short
Extended ARB-USD	+0.0096%	1h	0.2207	−0.156%	$352K	$2.8M	25x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2213	+0.118%	$37.4M	$49.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2212	+0.050%	$635K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2213	+0.090%	$43K	$150K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2209	−0.081%	$19.7M	$14.3M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2209	−0.077%	$39K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2209	−0.059%	$480K	$3.7M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2210	−0.027%	$119K	$282K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2210	−0.027%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2211	+0.023%	$295K	$873K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2208	−0.118%	$5.0M	$12.9M	50x	as long as short
Aevo ARB-PERP	+0.0104%	1h	0.2210	−0.041%	$140K	$7K	3x	as long as short
BloFin ARB-USDT	+0.0213%	8h	0.2213	+0.131%	$3.1M	$2.4M	75x	as long as short
Kraken Futures PF_ARBUSD	+0.0231%	1h	0.2210	−0.032%	$1.1M	$4.5M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2209	−0.057%	$834K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2218	+0.335%	$518K	$1.6M	50x	as long as short
Reya ARBRUSDPERPshort	+0.0289%	1h	0.2208	−0.139%	$2K	$695	20x
Backpack ARB_USDC_PERP	+0.0631%	1h	0.2212	+0.050%	$992K	$2.8M	20x	as long as short