ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0090%/8h= +9.8% APRnext payment +$0.90 per $10,000 · paid last 24h +0.017%

Price spread now: Bybit against OKX+0.067%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$390.388% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.086%+$9 on $10k

Price spread, last 7 days−0.099%−$10 · spread now +0.067%, 7d avg −0.004%

Together, before fees−0.013%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bybit is 0.072% dearer against OKX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ARB-USDT-SWAP	0.2223	−0.0131	get 0.0131% / 8h	6h 02m	$22.4M	$155.1M	50x
Short	Bybit ARBUSDT	0.2224	−0.0042	pay 0.0042% / 8h	6h 02m	$56.6M	$127.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.067%Rate

Funding earned: $18.81
Price spread: +0.067% → −0.004%: $7.19
Slippage, 4 orders: −$17.83
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$12.83
Costs to cover: 0.388%
Break-even: 11.8 days

Slippage from OKX: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago	0.22 bp	9.4 bp −$9	20.0 bp −$200	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.22 bp	12.4 bp −$12	27.9 bp −$279	53.6 bp −$5,357	doesn't fit

ARB on 35 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	−0.1692%	1h	0.2212	−0.481%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0208%	1h	0.2225	+0.090%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0206%	1h	0.2222	−0.013%	$10K	$2.4M	5x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0200%	1h	0.2223	+0.018%	$24K	$34K	25x	as long as short
Variational Omni ARB	−0.0156%	8h	0.2220	−0.137%	$1.9M	$2.9M	—	as long as short
OKX ARB-USDT-SWAPlong	−0.0131%	8h	0.2223	long leg	$22.4M	$155.1M	50x
MEXC ARB_USDT	−0.0131%	8h	0.2225	+0.126%	$39.0M	$60.3M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0070%	8h	0.2225	+0.103%	$12K	$383K	10x	as long as short
Bybit ARBUSDTshort	−0.0042%	8h	0.2224	+0.067%	$56.6M	$127.9M	50x
Gate ARB_USDT	−0.0036%	8h	0.2226	+0.130%	$5.4M	$20.0M	60x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2226	+0.144%	$66K	$5K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2221	−0.058%	$353K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0001%	8h	0.2226	+0.126%	$64.8M	$314.7M	75x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0011%	1h	0.2227	+0.180%	$10K	—	150x	as long as short
ApeX Omni ARBUSDT	+0.0076%	1h	0.2220	−0.121%	$120K	$285K	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2224	+0.049%	$141K	$7K	3x	as long as short
Phemex ARBUSDT	+0.0084%	8h	0.2222	−0.031%	$5.0M	$13.0M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2225	+0.121%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2227	+0.193%	$38.7M	$51.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2226	+0.133%	$661K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2225	+0.116%	$42K	$183K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2225	+0.126%	$19.6M	$15.7M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2225	+0.103%	$21.3M	$36.0M	50x	as long as short
BingX ARB-USDT	+0.0100%	8h	0.2225	+0.103%	—	$54.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2218	−0.218%	$40K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2220	−0.132%	$473K	$3.6M	10x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2226	+0.135%	$97K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2227	+0.193%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2227	+0.175%	$299K	$987K	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0240%	1h	0.2227	+0.202%	$509K	$2.1M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2227	+0.182%	$831K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2225	+0.091%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0311%	1h	0.2224	+0.077%	$1.1M	$4.7M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2226	+0.142%	$490K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0549%	1h	0.2229	+0.283%	$1.0M	$2.8M	20x	as long as short