Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0205%/8h= −22.4% APRpaid last 24h −0.016%

Price spread now: Gate against edgeX+0.020%7-day average −0.029% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$750.747% of the position

Long on edgeX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.166%−$17 on $10k

Price spread, last 4 days (all we have)−0.217%−$22 · spread now +0.020%, 7d avg −0.029%

Together, before fees−0.383%+ Points / potential airdropedgeX: Active · farm board−$38 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.049% dearer against edgeX than usual: you sell high and buy low (spread +0.020% now, against its 7-day average of −0.029%): +$5 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 7 days (−0.166% in total) that is about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ARBUSDC	0.2199	0.0100	pay 0.0050% / 4h	43m 25s	$40K	$463K	20x
Short	Gate ARB_USDT	0.2199	−0.0105	pay 0.0105% / 8h	4h 43m	$5.3M	$18.7M	60x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.020%Rate

Funding earned: −$43.05
Price spread: +0.020% → −0.029%: $4.88
Slippage, 4 orders: −$50.73
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$112.91
Costs to cover: 0.747%
Break-even: never at this rate

Slippage from edgeX: live order book, 15 min ago; Gate: live order book, 5 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, 15 min ago	11.35 bp	19.2 bp −$19	86.3 bp −$863	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	1.59 bp	17.2 bp −$17	26.6 bp −$266	94.0 bp −$9,404	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	−0.1649%	1h	0.2191	−0.362%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0160%	1h	0.2198	−0.058%	$7K	$2K	10x	as long as short
Polymarket Perps ARB-USD	−0.0141%	1h	0.2197	−0.071%	$91K	$2.2M	10x	as long as short
OKX ARB-USDT-SWAP	−0.0135%	8h	0.2197	−0.085%	$22.2M	$147.8M	50x	as long as short
MEXC ARB_USDT	−0.0134%	8h	0.2197	−0.076%	$40.6M	$59.6M	200x	as long as short
Variational Omni ARB	−0.0116%	8h	0.2201	+0.103%	$1.8M	$2.9M	—	as long as short
Gate ARB_USDTshort	−0.0105%	8h	0.2199	+0.020%	$5.3M	$18.7M	60x
Orderly PERP_ARB_USDC	−0.0078%	8h	0.2202	+0.138%	$12K	$389K	10x	as long as short
Bybit ARBUSDT	−0.0044%	8h	0.2198	−0.062%	$55.7M	$126.0M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0006%	1h	0.2203	+0.194%	$1.1M	$4.4M	50x	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	0.2202	+0.142%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2203	+0.183%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2199	+0.021%	$32K	—	150x	as long as short
Binance ARBUSDT	+0.0010%	8h	0.2198	−0.025%	$64.1M	$306.3M	75x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2198	−0.029%	$351K	$2.5M	25x	as long as short
SoDEX ARB-USD	+0.0039%	1h	0.2202	+0.133%	$10K	$2.3M	5x	as long as short
BloFin ARB-USDT	+0.0051%	8h	0.2201	+0.088%	$3.1M	$2.6M	75x	as long as short
Bitget ARBUSDT	+0.0064%	8h	0.2198	−0.044%	$20.9M	$34.7M	50x	as long as short
BingX ARB-USDT	+0.0066%	8h	0.2198	−0.021%	—	$53.7M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2203	+0.190%	$140K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2201	+0.083%	$1.2M	$5.7M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2199	+0.011%	$38.0M	$48.8M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2201	+0.115%	$635K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2201	+0.095%	$43K	$169K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2199	+0.001%	$19.5M	$15.1M	75x	as long as short
edgeX ARBUSDClong	+0.0100%	4h	0.2199	long leg	$40K	$463K	20x
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2201	+0.091%	$469K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2200	+0.047%	$120K	$284K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2207	+0.365%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2203	+0.170%	$299K	$952K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2202	+0.138%	$4.9M	$12.9M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2203	+0.183%	$493K	$2.0M	50x	as long as short
RISEx ARB/USDC	+0.0225%	1h	0.2200	+0.047%	$476K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2204	+0.248%	$823K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2197	−0.103%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0635%	1h	0.2205	+0.297%	$996K	$2.8M	20x	as long as short