Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0019%/8h= +2.1% APRpaid last 24h +0.009%

Price spread now: Binance against gTrade (Gains Network)−0.176%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Binance

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—needs both histories

Funding pays, the price is against you. Binance is 0.176% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.176% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 30 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ARB/USD	0.2223	L +0.0005% / S −0.0013%	pay 0.0001% / 1h	7m 59s	$11K	—	150x
Short	Binance ARBUSDT	0.2220	0.0024	get 0.0024% / 8h	5h 07m	$64.8M	$306.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BinancebpOrdersPrice spread, now −0.176%Rate

Funding earned: $4.07
Price spread: −0.176% → 0.000%: −$17.58
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$33.51
Costs to cover: 0.200%
Break-even: 64.7 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Binance: live order book, 6 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Binance live order book, 6 min ago	0.22 bp	10.0 bp −$10	19.8 bp −$198	72.5 bp −$7,251	doesn't fit

gTrade (Gains Network): 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	−0.1577%	1h	0.2218	−0.244%	$40K	$372K	12x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0155%	1h	0.2223	−0.037%	$24K	$34K	25x	as long as short
OKX ARB-USDT-SWAP	−0.0143%	8h	0.2219	−0.217%	$22.4M	$149.8M	50x	as long as short
MEXC ARB_USDT	−0.0142%	8h	0.2221	−0.104%	$38.2M	$59.4M	200x	as long as short
Variational Omni ARB	−0.0140%	8h	0.2223	−0.018%	$1.9M	$2.9M	—	as long as short
Polymarket Perps ARB-USD	−0.0122%	1h	0.2221	−0.109%	$87K	$2.1M	10x	as long as short
01 Exchange ARBUSD	−0.0120%	1h	0.2220	−0.131%	$7K	$2K	10x	as long as short
Gate ARB_USDT	−0.0108%	8h	0.2221	−0.104%	$5.4M	$19.2M	60x	as long as short
Kraken Futures PF_ARBUSD	−0.0098%	1h	0.2223	−0.001%	$1.1M	$4.4M	50x	as long as short
SoDEX ARB-USD	−0.0091%	1h	0.2222	−0.077%	$10K	$2.3M	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ARB_USDC	−0.0075%	8h	0.2222	−0.064%	$12K	$387K	10x	as long as short
Bybit ARBUSDT	−0.0070%	8h	0.2219	−0.185%	$56.5M	$125.9M	50x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2222	−0.043%	$66K	$5K	10x	as long as short
gTrade (Gains Network) ARB/USDlong	L +0.0005% / S −0.0013%	1h	0.2223	long leg	$11K	—	150x
Binance ARBUSDTshort	+0.0024%	8h	0.2220	−0.176%	$64.8M	$306.6M	75x
Extended ARB-USD	+0.0024%	1h	0.2221	−0.105%	$353K	$2.5M	25x	as long as short
Phemex ARBUSDT	+0.0044%	8h	0.2222	−0.064%	$5.0M	$12.9M	50x	as long as short
Bitget ARBUSDT	+0.0073%	8h	0.2219	−0.199%	$21.2M	$34.6M	50x	as long as short
BingX ARB-USDC	+0.0078%	8h	0.2219	−0.194%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2217	−0.300%	$141K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2222	−0.055%	$1.2M	$6.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2222	−0.077%	$38.5M	$49.1M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2225	+0.053%	$651K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2221	−0.096%	$42K	$169K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2222	−0.068%	$19.6M	$15.3M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2224	+0.046%	$40K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2225	+0.072%	$482K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2227	+0.161%	$120K	$283K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2223	−0.019%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2222	−0.077%	$302K	$939K	50x	as long as short
BloFin ARB-USDT	+0.0103%	8h	0.2221	−0.100%	$3.1M	$2.6M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2224	+0.026%	$498K	$2.0M	50x	as long as short
RISEx ARB/USDC	+0.0232%	1h	0.2222	−0.057%	$487K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2223	−0.027%	$829K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2221	−0.128%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0559%	1h	0.2224	+0.031%	$1.0M	$2.8M	20x	as long as short