Funding you earn now, next payment 23:00 UTC−0.0156%/8h= −17.1% APRnext payment −$0.20 per $10,000 · paid last 24h −0.003%
Price spread now: SoDEX against Deribit+0.022%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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—needs both histories
The price spread pays, funding is against you. SoDEX is 0.022% dearer against Deribit than usual: you sell high and buy low (spread +0.022% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 12 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ARB_USDC-PERPETUAL | 0.2225 | 0 | get 0.0000% / 1h | 49m 16s | $26K | $32K | 25x |
| Short | SoDEX ARB-USD | 0.2225 | −0.0156 | pay 0.0020% / 1h | 49m 16s | $4K | $2.8M | 5x |
Deribit ARB_USDC-PERPETUAL
SoDEX ARB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against Deribit. 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
- −$32.8
- Price spread: +0.022% → 0.000%
- $2.25
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$45.55
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; SoDEX: live order book, 5 min ago. 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 SoDEX live order book, 5 min ago | 0.22 bp | 5.6 bp −$6 | 20.0 bp −$200 | doesn't fit | doesn't fit |
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 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 | −0.1770% | 1h | 0.2211 | −0.625% | $40K | $283K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0248% | 1h | 0.2222 | −0.144% | $7K | $2K | 10x | as long as short |
| SoDEX ARB-USDshort | −0.0156% | 1h | 0.2225 | +0.022% | $4K | $2.8M | 5x | |
| Variational Omni ARB | −0.0154% | 8h | 0.2222 | −0.141% | $1.9M | $2.8M | — | as long as short |
| Bybit ARBUSDT | −0.0134% | 8h | 0.2225 | 0.000% | $57.2M | $136.1M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0109% | 8h | 0.2224 | −0.036% | $22.2M | $162.8M | 50x | as long as short |
| MEXC ARB_USDT | −0.0109% | 8h | 0.2223 | −0.085% | $36.6M | $62.1M | 200x | as long as short |
| Polymarket Perps ARB-USD | −0.0093% | 1h | 0.2223 | −0.076% | $76K | $2.2M | 10x | as long as short |
| Orderly PERP_ARB_USDC | −0.0023% | 8h | 0.2224 | −0.040% | $11K | $393K | 10x | as long as short |
| Extended ARB-USD | −0.0016% | 1h | 0.2223 | −0.066% | $353K | $2.4M | 25x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Variational Omni ARB
Bybit ARBUSDT
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Polymarket Perps ARB-USD
Orderly PERP_ARB_USDC
Extended ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDT | −0.0015% | 8h | 0.2226 | +0.045% | $63.4M | $323.1M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2223 | −0.066% | $66K | $4K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUALlong | 0.0000% | 1h | 0.2225 | long leg | $26K | $32K | 25x | |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2225 | +0.004% | $55K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0014% | 8h | 0.2224 | −0.045% | $5.5M | $20.6M | 60x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2225 | −0.004% | $145K | $12K | 3x | as long as short |
| Bitget ARBUSDT | +0.0083% | 8h | 0.2223 | −0.085% | $20.8M | $38.0M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0085% | 1h | 0.2228 | +0.154% | $1.1M | $5.2M | 50x | as long as short |
| BingX ARB-USDC | +0.0088% | 8h | 0.2222 | −0.139% | — | $6.5M | — | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2227 | +0.108% | $1.3M | $7.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2225 | −0.004% | $39.7M | $52.2M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2225 | −0.018% | $691K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2224 | −0.045% | $44K | $197K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2224 | −0.040% | $20.5M | $16.9M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2223 | −0.097% | $36K | $459K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2223 | −0.078% | $478K | $4.0M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2224 | −0.040% | $120K | $296K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2225 | +0.004% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2223 | −0.103% | $274K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2225 | +0.004% | $5.2M | $13.5M | 50x | as long as short |
| BloFin ARB-USDT | +0.0105% | 8h | 0.2226 | +0.045% | $3.0M | $3.3M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0264% | 1h | 0.2231 | +0.274% | $506K | $2.5M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0274% / S −0.0157% | 1h | 0.2225 | +0.022% | $832K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2223 | −0.101% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0363% | 1h | 0.2225 | −0.009% | $491K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0571% | 1h | 0.2225 | +0.009% | $1.1M | $2.7M | 20x | as long as short |
Binance ARBUSDT
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Aevo ARB-PERP
Bitget ARBUSDT
Kraken Futures PF_ARBUSD
BingX ARB-USDC
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP