Funding you earn now, next payment 08:00 UTC−0.0177%/8h= −19.3% APRnext payment −$1.77 per $10,000 · paid last 24h −0.048%
Price spread now: Orderly against KuCoin−0.087%7-day average −0.012% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.294%−$29 on $10k
+Price spread, last 4 days (all we have)+1.317%+$132 · spread now −0.087%, 7d avg −0.012%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Orderly is 0.075% cheaper against KuCoin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.012%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ARBUSDTM | 0.2188 | 0.0100 | pay 0.0100% / 8h | 4h 39m | $19.4M | $15.1M | 75x |
| Short | Orderly PERP_ARB_USDC | 0.2186 | −0.0077 | pay 0.0077% / 8h | 4h 39m | $12K | $391K | 10x |
KuCoin ARBUSDTM
Orderly PERP_ARB_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against KuCoin. 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
- −$37.11
- Price spread: −0.087% → −0.012%
- −$7.53
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$62.64
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 4 min ago; Orderly: no order-book sample. 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 KuCoin live order book, 4 min ago | 1.59 bp | 23.1 bp −$23 | 49.3 bp −$493 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | −0.1649% | 1h | 0.2189 | +0.050% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0176% | 1h | 0.2188 | +0.014% | $7K | $2K | 10x | as long as short |
| Polymarket Perps ARB-USD | −0.0162% | 1h | 0.2187 | −0.055% | $91K | $2.2M | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0136% | 8h | 0.2184 | −0.197% | $22.0M | $147.0M | 50x | as long as short |
| MEXC ARB_USDT | −0.0134% | 8h | 0.2185 | −0.133% | $40.2M | $60.1M | 200x | as long as short |
| Variational Omni ARB | −0.0115% | 8h | 0.2194 | +0.281% | $1.8M | $2.9M | — | as long as short |
| Gate ARB_USDT | −0.0098% | 8h | 0.2186 | −0.101% | $5.3M | $18.7M | 60x | as long as short |
| Orderly PERP_ARB_USDCshort | −0.0077% | 8h | 0.2186 | −0.087% | $12K | $391K | 10x | |
| Bybit ARBUSDT | −0.0044% | 8h | 0.2184 | −0.165% | $55.3M | $126.1M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0006% | 1h | 0.2193 | +0.236% | $1.1M | $4.4M | 50x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Polymarket Perps ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Variational Omni ARB
Gate ARB_USDT
Bybit ARBUSDT
Kraken Futures PF_ARBUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2191 | +0.124% | $65K | $5K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2193 | +0.251% | $24K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2186 | −0.082% | $32K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0006% | 8h | 0.2186 | −0.105% | $63.7M | $306.6M | 75x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2188 | −0.010% | $350K | $2.5M | 25x | as long as short |
| BloFin ARB-USDT | +0.0034% | 8h | 0.2195 | +0.325% | $3.1M | $2.6M | 75x | as long as short |
| SoDEX ARB-USD | +0.0047% | 1h | 0.2192 | +0.174% | $10K | $2.3M | 5x | as long as short |
| Bitget ARBUSDT | +0.0063% | 8h | 0.2184 | −0.178% | $20.8M | $34.6M | 50x | as long as short |
| BingX ARB-USDT | +0.0064% | 8h | 0.2185 | −0.123% | — | $53.7M | — | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2194 | +0.261% | $139K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2189 | +0.069% | $1.2M | $5.7M | 15x | as long as short |
| Phemex ARBUSDT | +0.0097% | 8h | 0.2192 | +0.187% | $4.9M | $12.8M | 50x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2188 | +0.018% | $37.8M | $48.7M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2188 | +0.019% | $631K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2190 | +0.101% | $42K | $169K | 10x | as long as short |
| KuCoin ARBUSDTMlong | +0.0100% | 8h | 0.2188 | long leg | $19.4M | $15.1M | 75x | |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2199 | +0.495% | $40K | $460K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2197 | +0.421% | $468K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2195 | +0.325% | $119K | $284K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2198 | +0.462% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2193 | +0.229% | $298K | $952K | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2197 | +0.416% | $491K | $1.9M | 50x | as long as short |
| RISEx ARB/USDC | +0.0225% | 1h | 0.2190 | +0.117% | $472K | $2.6M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2186 | −0.080% | $816K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2184 | −0.172% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0593% | 1h | 0.2195 | +0.302% | $991K | $2.8M | 20x | as long as short |
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
BloFin ARB-USDT
SoDEX ARB-USD
Bitget ARBUSDT
BingX ARB-USDT
Aevo ARB-PERP
Lighter ARB
Phemex ARBUSDT
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Coinbase International ARB-PERP-INTX
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP