ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0290%/8h= +31.8% APRnext payment +$0.36 per $10,000 · paid last 24h +0.105%

Price spread now: Reya against Deribit−0.023%49s7-day average — · you buy dearer than you sell

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

Long on Deribit 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 0.023% cheaper against Deribit than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 6 hours of funding at the current rate (+$9 a day). The two prices were read 49 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	Deribit ARB_USDC-PERPETUAL	0.2271	0	get 0.0000% / 1h	25m 24s	$25K	$34K	25x
Short	Reya ARBRUSDPERP	0.2271	0.0290	get 0.0036% / 1h	25m 24s	$2K	$695	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Deribit. 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 DeribitbpFee ReyabpOrdersPrice spread, now −0.023%Rate

Funding earned: $60.9
Price spread: −0.023% → 0.000%: −$2.29
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: $45.61
Costs to cover: 0.130%
Break-even: 1.8 days

Slippage unknown: Deribit: no order-book sample; 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 Deribit no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Deribit and 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	−0.1666%	1h	0.2244	−1.198%	$40K	$372K	12x	as long as short
Variational Omni ARB	−0.0204%	8h	0.2268	−0.160%	$2.0M	$2.8M	—	as long as short
Bybit ARBUSDT	−0.0149%	8h	0.2271	−0.004%	$58.6M	$126.4M	50x	as long as short
01 Exchange ARBUSD	−0.0144%	1h	0.2273	+0.075%	$7K	$2K	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0137%	1h	0.2273	+0.092%	$1.1M	$4.9M	50x	as long as short
MEXC ARB_USDT	−0.0114%	8h	0.2272	+0.026%	$38.8M	$59.1M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0113%	8h	0.2272	+0.031%	$22.8M	$158.0M	50x	as long as short
SoDEX ARB-USD	−0.0070%	1h	0.2271	+0.013%	$4K	$2.5M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0049%	8h	0.2269	−0.097%	$12K	$387K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2272	+0.015%	$67K	$4K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ARB-USD	0.0000%	1h	0.2272	+0.021%	$365K	$3.5M	25x	as long as short
Deribit ARB_USDC-PERPETUALlong	0.0000%	1h	0.2271	long leg	$25K	$34K	25x
Binance ARBUSDT	+0.0002%	8h	0.2273	+0.058%	$66.9M	$309.4M	75x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2271	−0.029%	$33K	—	150x	as long as short
Phemex ARBUSDT	+0.0043%	8h	0.2268	−0.141%	$5.2M	$13.0M	50x	as long as short
BingX ARB-USDT	+0.0074%	8h	0.2272	+0.040%	—	$54.1M	—	as long as short
Bitget ARBUSDT	+0.0080%	8h	0.2273	+0.079%	$21.7M	$35.6M	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2272	+0.027%	$144K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2274	+0.128%	$1.4M	$7.3M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2274	+0.141%	$41.1M	$47.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2272	+0.053%	$706K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2272	+0.040%	$45K	$185K	10x	as long as short
Gate ARB_USDT	+0.0100%	8h	0.2272	+0.053%	$5.5M	$19.8M	60x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2273	+0.070%	$19.8M	$15.8M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2256	−0.648%	$41K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2261	−0.451%	$489K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2259	−0.537%	$122K	$296K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2273	+0.066%	$65K	$2.0M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2273	+0.079%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2272	+0.018%	$296K	$973K	50x	as long as short
BloFin ARB-USDT	+0.0120%	8h	0.2258	−0.599%	$3.1M	$2.9M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0232%	1h	0.2261	−0.449%	$510K	$2.2M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0288% / S −0.0175%	1h	0.2270	−0.047%	$898K	—	150x	as long as short
Reya ARBRUSDPERPshort	+0.0290%	1h	0.2271	−0.023%	$2K	$695	20x
RISEx ARB/USDC	+0.0384%	1h	0.2275	+0.152%	$517K	$2.6M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0541%	1h	0.2275	+0.154%	$1.0M	$2.8M	20x	as long as short