Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h −0.018%

Price spread now: Extended against edgeX−0.071%73s7-day average −0.109% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$780.778% of the position

Long on edgeX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.135%−$14 on $10k

Price spread, last 3 days (all we have)−0.364%−$36 · spread now −0.071%, 7d avg −0.109%

Together, before fees−0.499%+ Points / potential airdropedgeX: Active · Extended: Active · farm board−$50 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.038% dearer against edgeX than usual: you sell high and buy low (spread −0.071% now, against its 7-day average of −0.109%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 28 hours. The two prices were read 73 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	edgeX ARBUSDC	0.2239	0.0100	pay 0.0050% / 4h	1h 18m	$40K	$462K	20x
Short	Extended ARB-USD	0.2238	−0.0008	pay 0.0001% / 1h	18m 12s	$356K	$2.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against edgeX. 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 edgeXbpFee ExtendedbpOrdersPrice spread, now −0.071%Rate

Funding earned: −$22.68
Price spread: −0.071% → −0.109%: $3.79
Slippage, 4 orders: −$63.78
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$96.67
Costs to cover: 0.778%
Break-even: never at this rate

Slippage from edgeX: live order book, 65 min ago; Extended: live order book, 6 min ago.

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 edgeX live order book, 65 min ago	13.39 bp	21.7 bp −$22	114.9 bp −$1,149	doesn't fit	doesn't fit
Sell Extended live order book, 6 min ago	15.69 bp	18.2 bp −$18	77.5 bp −$775	doesn't fit	doesn't fit

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	0.2230	−0.417%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0232%	1h	0.2237	−0.086%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0196%	1h	0.2238	−0.046%	$4K	$2.8M	5x	as long as short
Variational Omni ARB	−0.0168%	8h	0.2238	−0.048%	$1.9M	$2.7M	—	as long as short
Bybit ARBUSDT	−0.0147%	8h	0.2238	−0.037%	$57.9M	$133.2M	50x	as long as short
Polymarket Perps ARB-USD	−0.0123%	1h	0.2238	−0.046%	$73K	$2.0M	10x	as long as short
OKX ARB-USDT-SWAP	−0.0100%	8h	0.2238	−0.046%	$22.5M	$160.7M	50x	as long as short
MEXC ARB_USDT	−0.0100%	8h	0.2239	−0.019%	$37.2M	$62.7M	200x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0063%	1h	0.2239	−0.006%	$26K	$32K	25x	as long as short
Orderly PERP_ARB_USDC	−0.0038%	8h	0.2238	−0.060%	$10K	$395K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDT	−0.0009%	8h	0.2240	+0.007%	$64.1M	$316.9M	75x	as long as short
Extended ARB-USDshort	−0.0008%	1h	0.2238	−0.071%	$356K	$2.4M	25x
dYdX ARB-USD	0.0000%	1h	0.2241	+0.061%	$66K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2240	+0.030%	$56K	—	150x	as long as short
Gate ARB_USDT	+0.0033%	8h	0.2239	−0.019%	$5.5M	$20.7M	60x	as long as short
Bitget ARBUSDT	+0.0068%	8h	0.2239	−0.015%	$21.0M	$37.3M	50x	as long as short
BingX ARB-USDC	+0.0073%	8h	0.2237	−0.086%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2240	+0.030%	$146K	$12K	3x	as long as short
Kraken Futures PF_ARBUSD	+0.0085%	1h	0.2240	+0.043%	$1.1M	$5.1M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2240	+0.052%	$1.3M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2242	+0.101%	$40.1M	$50.6M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2239	+0.005%	$696K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2240	+0.032%	$44K	$193K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2240	+0.007%	$20.6M	$16.4M	75x	as long as short
edgeX ARBUSDClong	+0.0100%	4h	0.2239	long leg	$40K	$462K	20x
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2240	+0.031%	$486K	$3.9M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2240	+0.030%	$121K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2241	+0.074%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2238	−0.060%	$276K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2239	−0.015%	$5.2M	$13.4M	50x	as long as short
BloFin ARB-USDT	+0.0112%	8h	0.2239	+0.003%	$3.0M	$3.3M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0264%	1h	0.2242	+0.119%	$506K	$2.3M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0274% / S −0.0156%	1h	0.2240	+0.012%	$840K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2238	−0.073%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0363%	1h	0.2240	+0.045%	$495K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0624%	1h	0.2243	+0.182%	$1.1M	$2.7M	20x	as long as short