Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0347%/8h= +38.0% APRpaid last 24h +0.082%

Price spread now: RISEx against OKX+0.102%56s7-day average +0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$270.273% of the position

Long on OKX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.347%+$35 on $10k

Price spread, last 5 days (all we have)−0.160%−$16 · spread now +0.102%, 7d avg +0.072%

Together, before fees+0.187%+$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and RISEx is 0.030% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.072%. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ARB-USDT-SWAP	0.2210	−0.0122	get 0.0122% / 8h	4h 12m	$22.3M	$148.8M	50x
Short	RISEx ARB/USDC	0.2212	0.0225	get 0.0028% / 1h	12m 47s	$470K	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.102%Rate

Funding earned: $72.93
Price spread: +0.102% → +0.072%: $3.03
Slippage, 4 orders: −$11.31
Fee OKX: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $48.64
Costs to cover: 0.273%
Break-even: 2.3 days

Slippage from OKX: live order book, 1 min ago; RISEx: live order book, 1 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, 1 min ago	0.23 bp	9.6 bp −$10	17.8 bp −$178	doesn't fit	doesn't fit
Sell RISEx live order book, 1 min ago	1.13 bp	4.1 bp −$4	17.7 bp −$177	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	−0.1649%	1h	0.2199	−0.489%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0160%	1h	0.2211	+0.068%	$7K	$2K	10x	as long as short
Polymarket Perps ARB-USD	−0.0135%	1h	0.2211	+0.036%	$87K	$2.2M	10x	as long as short
OKX ARB-USDT-SWAPlong	−0.0122%	8h	0.2210	long leg	$22.3M	$148.8M	50x
MEXC ARB_USDT	−0.0122%	8h	0.2210	+0.009%	$42.0M	$60.8M	200x	as long as short
Variational Omni ARB	−0.0098%	8h	0.2206	−0.155%	$1.8M	$2.9M	—	as long as short
Orderly PERP_ARB_USDC	−0.0074%	8h	0.2211	+0.054%	$12K	$397K	10x	as long as short
Gate ARB_USDT	−0.0054%	8h	0.2213	+0.131%	$5.3M	$18.8M	60x	as long as short
Bybit ARBUSDT	−0.0028%	8h	0.2210	−0.014%	$55.8M	$127.1M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0006%	1h	0.2212	+0.120%	$1.1M	$4.4M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2210	+0.017%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2212	+0.118%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2212	+0.095%	$32K	—	150x	as long as short
Extended ARB-USD	+0.0024%	1h	0.2211	+0.070%	$352K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0026%	8h	0.2210	+0.004%	$64.3M	$307.6M	75x	as long as short
SoDEX ARB-USD	+0.0044%	1h	0.2212	+0.091%	$10K	$2.3M	5x	as long as short
Bitget ARBUSDT	+0.0066%	8h	0.2211	+0.054%	$21.0M	$34.8M	50x	as long as short
BingX ARB-USDC	+0.0069%	8h	0.2211	+0.036%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2213	+0.134%	$140K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2212	+0.109%	$1.2M	$5.8M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2213	+0.154%	$38.0M	$48.9M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2212	+0.104%	$637K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2212	+0.090%	$43K	$169K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2213	+0.140%	$19.6M	$15.0M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2209	−0.048%	$39K	$465K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2211	+0.055%	$478K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2210	+0.009%	$119K	$284K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2214	+0.190%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2213	+0.154%	$300K	$948K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2211	+0.054%	$5.0M	$13.0M	50x	as long as short
BloFin ARB-USDT	+0.0105%	8h	0.2212	+0.077%	$3.1M	$2.6M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2216	+0.281%	$492K	$2.0M	50x	as long as short
RISEx ARB/USDCshort	+0.0225%	1h	0.2212	+0.102%	$470K	$2.6M	10x
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2212	+0.091%	$835K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2210	+0.017%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0628%	1h	0.2216	+0.290%	$998K	$2.8M	20x	as long as short