Funding you earn now, next payment 08:00 UTC+0.0018%/8h= +1.9% APRnext payment +$0.18 per $10,000 · paid last 24h −0.002%
Price spread now: Orderly against OKX−0.078%7-day average +0.054% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.077%−$8 on $10k
+Price spread, last 4 days (all we have)+0.754%+$75 · spread now −0.078%, 7d avg +0.054%
=Funding pays, the price is against you. Orderly is 0.132% cheaper against OKX than usual: you would sell low and buy high (spread −0.078% now, against its 7-day average of +0.054%). If the spread goes back, that is −$13 on $10k: about 25 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.077%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ARB-USDT-SWAP | 0.2172 | −0.0069 | get 0.0069% / 8h | 2h 27m | $21.5M | $142.2M | 50x |
| Short | Orderly PERP_ARB_USDC | 0.2170 | −0.0052 | pay 0.0052% / 8h | 2h 27m | $12K | $409K | 10x |
OKX ARB-USDT-SWAP
Orderly PERP_ARB_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against OKX. 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
- $3.71
- Price spread: −0.078% → +0.054%
- −$13.23
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$25.52
- Costs to cover
- 0.160%
- Break-even
- 55.1 days
Slippage unknown: OKX: live order book, 2 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 OKX live order book, 2 min ago | 0.23 bp | 10.9 bp −$11 | 25.0 bp −$250 | 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 | −0.1581% | 1h | 0.2162 | −0.447% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0176% | 1h | 0.2174 | +0.097% | $7K | $236 | 10x | as long as short |
| Polymarket Perps ARB-USD | −0.0116% | 1h | 0.2173 | +0.064% | $77K | $2.1M | 10x | as long as short |
| Variational Omni ARB | −0.0096% | 8h | 0.2173 | +0.037% | $1.8M | $3.0M | — | as long as short |
| Bybit ARBUSDT | −0.0075% | 8h | 0.2170 | −0.055% | $54.3M | $124.2M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0075% | 1h | 0.2170 | −0.085% | $1.0M | $4.4M | 50x | as long as short |
| MEXC ARB_USDT | −0.0071% | 8h | 0.2169 | −0.120% | $41.3M | $61.3M | 200x | as long as short |
| OKX ARB-USDT-SWAPlong | −0.0069% | 8h | 0.2172 | long leg | $21.5M | $142.2M | 50x | |
| Orderly PERP_ARB_USDCshort | −0.0052% | 8h | 0.2170 | −0.078% | $12K | $409K | 10x | |
| dYdX ARB-USD | 0.0000% | 1h | 0.2173 | +0.070% | $64K | $5K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Polymarket Perps ARB-USD
Variational Omni ARB
Bybit ARBUSDT
Kraken Futures PF_ARBUSD
MEXC ARB_USDT
dYdX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2169 | −0.106% | $23K | $33K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2171 | −0.027% | $43K | — | 150x | as long as short |
| Bitget ARBUSDT | +0.0052% | 8h | 0.2168 | −0.170% | $20.7M | $34.3M | 50x | as long as short |
| Gate ARB_USDT | +0.0067% | 8h | 0.2170 | −0.078% | $5.4M | $18.2M | 60x | as long as short |
| Extended ARB-USD | +0.0080% | 1h | 0.2168 | −0.183% | $347K | $2.8M | 25x | as long as short |
| Binance ARBUSDT | +0.0081% | 8h | 0.2171 | −0.050% | $62.0M | $300.4M | 75x | as long as short |
| BingX ARB-USDT | +0.0081% | 8h | 0.2170 | −0.083% | — | $53.8M | — | as long as short |
| RISEx ARB/USDC | +0.0086% | 1h | 0.2174 | +0.118% | $440K | $2.6M | 10x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2169 | −0.129% | $1.2M | $5.5M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2171 | −0.028% | $36.4M | $48.8M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2171 | −0.047% | $625K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2174 | +0.112% | $42K | $160K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2170 | −0.064% | $19.4M | $14.4M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2175 | +0.160% | $38K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2177 | +0.244% | $463K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2177 | +0.244% | $117K | $282K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2175 | +0.152% | $2K | $1.1M | 30x | as long as short |
| SoDEX ARB-USD | +0.0100% | 1h | 0.2169 | −0.115% | $9K | $2.2M | 5x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2170 | −0.060% | $289K | $890K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2171 | −0.032% | $4.8M | $12.7M | 50x | as long as short |
| Aevo ARB-PERP | +0.0104% | 1h | 0.2170 | −0.055% | $138K | $7K | 3x | as long as short |
| BloFin ARB-USDT | +0.0201% | 8h | 0.2169 | −0.115% | $3.0M | $2.3M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0277% / S −0.0159% | 1h | 0.2171 | −0.037% | $822K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2170 | −0.078% | $503K | $1.6M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2171 | −0.037% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0670% | 1h | 0.2173 | +0.046% | $974K | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Bitget ARBUSDT
Gate ARB_USDT
Extended ARB-USD
Binance ARBUSDT
BingX ARB-USDT
RISEx ARB/USDC
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
SoDEX ARB-USD
HTX ARB-USDT
Phemex ARBUSDT
Aevo ARB-PERP
BloFin ARB-USDT
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP