Settings8H · net · $10k
Funding arb · Price arb /

ARB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h +0.020%
Price spread now: edgeX against Extended+0.197%7-day average +0.118% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$650.654% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.139%+$14 on $10k
Price spread, last 4 days (all we have)+0.142%+$14 · spread now +0.197%, 7d avg +0.118%
Together, before fees+0.281%+ Points / potential airdropExtended: Active · edgeX: Active · farm board+$28 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and edgeX is 0.079% dearer against Extended than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.118%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ARB-USD0.22200.0024pay 0.0003% / 1h8m 46s$353K$2.5M25x
ShortedgeX ARBUSDC0.22240.0100get 0.0050% / 4h1h 08m$40K$461K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Extended. 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

Funding earned
$15.96
Price spread: +0.197% → +0.118%
$7.85
Slippage, 4 orders
−$51.38
Fee Extended: 2.5 bp × 2 orders
−$5
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$41.57
Costs to cover
0.654%
Break-even
25.2 days
Slippage from Extended: live order book, 5 min ago; edgeX: live order book, 55 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 5 min ago8.98 bp11.5 bp −$1170.2 bp −$702doesn't fitdoesn't fit
Sell edgeX live order book, 55 min ago13.48 bp22.3 bp −$2296.4 bp −$964doesn't fitdoesn't fit

ARB on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ARB/USDC PERP−0.1577%1h0.2218−0.094%$40K$372K12xas long as short
Deribit ARB_USDC-PERPETUAL−0.0200%1h0.2222+0.086%$24K$34K25xas long as short
OKX ARB-USDT-SWAP−0.0143%8h0.2219−0.058%$22.4M$149.7M50xas long as short
MEXC ARB_USDT−0.0141%8h0.2220+0.005%$38.2M$59.4M200xas long as short
Variational Omni ARB−0.0140%8h0.2223+0.132%$1.9M$2.9Mas long as short
Polymarket Perps ARB-USD−0.0119%1h0.2222+0.077%$87K$2.1M10xas long as short
Gate ARB_USDT−0.0114%8h0.2221+0.050%$5.4M$19.2M60xas long as short
01 Exchange ARBUSD−0.0112%1h0.2222+0.082%$7K$2K10xas long as short
Kraken Futures PF_ARBUSD−0.0098%1h0.2223+0.124%$1.1M$4.4M50xas long as short
SoDEX ARB-USD−0.0087%1h0.2222+0.073%$10K$2.3M5xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_ARB_USDC−0.0075%8h0.2221+0.041%$12K$387K10xas long as short
Bybit ARBUSDT−0.0070%8h0.2220−0.004%$56.5M$125.9M50xas long as short
dYdX ARB-USD0.0000%1h0.2222+0.107%$66K$5K10xas long as short
gTrade (Gains Network) ARB/USDL +0.0005% / S −0.0013%1h0.2223+0.131%$11K150xas long as short
Binance ARBUSDT+0.0024%8h0.2221+0.041%$64.8M$306.7M75xas long as short
Extended ARB-USDlong+0.0024%1h0.2220long leg$353K$2.5M25x
Phemex ARBUSDT+0.0044%8h0.2222+0.086%$5.0M$12.9M50xas long as short
Bitget ARBUSDT+0.0073%8h0.2220−0.004%$21.2M$34.6M50xas long as short
BingX ARB-USDT+0.0078%8h0.2220−0.004%$53.8Mas long as short
Aevo ARB-PERP+0.0088%1h0.2219−0.055%$141K$7K3xas long as short
Lighter ARB+0.0096%1h0.2222+0.068%$1.2M$6.4M15xas long as short
Hyperliquid ARB+0.0100%1h0.2222+0.104%$38.5M$49.1M10xas long as short
Aster ARBUSDT+0.0100%8h0.2223+0.110%$651K$1.6M20xas long as short
Pacifica ARB+0.0100%1h0.2221+0.049%$42K$169K10xas long as short
KuCoin ARBUSDTM+0.0100%8h0.2221+0.064%$19.6M$15.3M75xas long as short
edgeX ARBUSDCshort+0.0100%4h0.2224+0.197%$40K$461K20x
GRVT ARB_USDT_Perp+0.0100%8h0.2225+0.222%$482K$3.6M10xas long as short
ApeX Omni ARBUSDT+0.0100%1h0.2227+0.311%$120K$283K50xas long as short
SunX ARB-USDT+0.0100%8h0.2223+0.131%$1K$1.1M30xas long as short
HTX ARB-USDT+0.0100%8h0.2223+0.113%$302K$939K50xas long as short
BloFin ARB-USDT+0.0103%8h0.2221+0.050%$3.1M$2.6M75xas long as short
Coinbase International ARB-PERP-INTX+0.0224%1h0.2229+0.401%$499K$2.0M50xas long as short
RISEx ARB/USDC+0.0232%1h0.2223+0.149%$485K$2.6M10xas long as short
GMX ARB/USD [ARB-USDC]L +0.0273% / S −0.0155%1h0.2223+0.127%$829K150xas long as short
Reya ARBRUSDPERP+0.0289%1h0.2221+0.021%$2K$69520xas long as short
Backpack ARB_USDC_PERP+0.0563%1h0.2224+0.185%$1.0M$2.8M20xas long as short