Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.031%

Price spread now: Aevo against OKX−0.059%7-day average +0.104% · you buy dearer than you sell

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$164as in the Price arb table

costs, in and out, $10k−$1471.475% of the position

Long on OKX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.175%+$18 on $10k

Price spread, last 3 days (all we have)+0.960%+$96 · spread now −0.059%, 7d avg +0.104%

Together, before fees+1.136%+$114 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aevo is 0.163% cheaper against OKX than usual: you would sell low and buy high (spread −0.059% now, against its 7-day average of +0.104%). If the spread goes back, that is −$16 on $10k: about 3.0 days of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.175% in total) that is about 6.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ARB-USDT-SWAP	0.2241	−0.0100	get 0.0100% / 8h	1h 13m	$22.5M	$160.5M	50x
Short	Aevo ARB-PERP	0.2240	0.0080	get 0.0010% / 1h	13m 49s	$146K	$12K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against OKX. 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 OKXbpFee AevobpOrdersPrice spread, now −0.059%Rate

Funding earned: $37.7
Price spread: −0.059% → +0.104%: −$16.31
Slippage, 4 orders: −$121.47
Fee OKX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$126.07
Costs to cover: 1.475%
Break-even: 30.4 days

Slippage from OKX: live order book, 5 min ago; Aevo: 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 OKX live order book, 5 min ago	0.22 bp	9.5 bp −$10	20.3 bp −$203	doesn't fit	doesn't fit
Sell Aevo live order book, 5 min ago	35.73 bp	65.3 bp −$65	doesn't fit	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	0.2231	−0.446%	$40K	$372K	12x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0241%	1h	0.2239	−0.080%	$26K	$32K	25x	as long as short
01 Exchange ARBUSD	−0.0232%	1h	0.2239	−0.103%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0204%	1h	0.2239	−0.085%	$4K	$2.7M	5x	as long as short
Variational Omni ARB	−0.0168%	8h	0.2236	−0.207%	$1.9M	$2.7M	—	as long as short
Bybit ARBUSDT	−0.0152%	8h	0.2240	−0.031%	$57.9M	$132.9M	50x	as long as short
Polymarket Perps ARB-USD	−0.0134%	1h	0.2239	−0.080%	$73K	$2.0M	10x	as long as short
OKX ARB-USDT-SWAPlong	−0.0100%	8h	0.2241	long leg	$22.5M	$160.5M	50x
MEXC ARB_USDT	−0.0099%	8h	0.2241	−0.004%	$37.4M	$62.7M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0038%	8h	0.2239	−0.089%	$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
Extended ARB-USD	−0.0008%	1h	0.2239	−0.077%	$356K	$2.4M	25x	as long as short
Binance ARBUSDT	−0.0008%	8h	0.2241	0.000%	$64.1M	$316.5M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2243	+0.112%	$66K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2241	−0.019%	$56K	—	150x	as long as short
Gate ARB_USDT	+0.0036%	8h	0.2241	0.000%	$5.5M	$20.7M	60x	as long as short
Bitget ARBUSDT	+0.0066%	8h	0.2241	0.000%	$21.1M	$37.2M	50x	as long as short
BingX ARB-USDT	+0.0068%	8h	0.2241	−0.013%	—	$53.2M	—	as long as short
Aevo ARB-PERPshort	+0.0080%	1h	0.2240	−0.059%	$146K	$12K	3x
Kraken Futures PF_ARBUSD	+0.0085%	1h	0.2242	+0.050%	$1.1M	$5.1M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2241	0.000%	$1.3M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2244	+0.116%	$40.1M	$50.6M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2241	−0.003%	$696K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2243	+0.091%	$44K	$193K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2242	+0.036%	$20.7M	$16.4M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2238	−0.118%	$40K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2239	−0.067%	$486K	$3.8M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2240	−0.045%	$121K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2241	0.000%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2239	−0.089%	$276K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2240	−0.045%	$5.2M	$13.4M	50x	as long as short
BloFin ARB-USDT	+0.0111%	8h	0.2241	+0.022%	$3.0M	$3.3M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0264%	1h	0.2246	+0.223%	$507K	$2.3M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0274% / S −0.0156%	1h	0.2240	−0.042%	$840K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2238	−0.131%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0363%	1h	0.2241	+0.002%	$495K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0618%	1h	0.2243	+0.080%	$1.1M	$2.7M	20x	as long as short