Funding you earn now, next payment 22:00 UTC+0.0101%/8h= +11.1% APRpaid last 24h +0.047%
Price spread now: Aevo against Orderly+0.080%7-day average +0.047% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.263%+$26 on $10k
+Price spread, last 3 days (all we have)−0.052%−$5 · spread now +0.080%, 7d avg +0.047%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aevo is 0.032% dearer against Orderly than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.047%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ARB_USDC | 0.2231 | −0.0021 | get 0.0021% / 8h | 2h 08m | $10K | $389K | 10x |
| Short | Aevo ARB-PERP | 0.2233 | 0.0080 | get 0.0010% / 1h | 8m 44s | $146K | $12K | 3x |
Orderly PERP_ARB_USDC
Aevo ARB-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Orderly. 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
- $21.2
- Price spread: +0.080% → +0.047%
- $3.25
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- $2.45
- Costs to cover
- 0.220%
- Break-even
- 6.2 days
Slippage unknown: Orderly: no order-book sample; Aevo: live order book, 15 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Aevo live order book, 15 min ago | 33.44 bp | 63.9 bp −$64 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.1675% | 1h | 0.2218 | −0.583% | $40K | $197K | 12x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0287% | 1h | 0.2232 | +0.049% | $38K | $20K | 25x | as long as short |
| 01 Exchange ARBUSD | −0.0272% | 1h | 0.2230 | −0.027% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0159% | 8h | 0.2225 | −0.256% | $1.9M | $2.8M | — | as long as short |
| Bybit ARBUSDT | −0.0138% | 8h | 0.2231 | −0.018% | $56.3M | $135.8M | 50x | as long as short |
| SoDEX ARB-USD | −0.0123% | 1h | 0.2230 | −0.031% | $4K | $2.9M | 5x | as long as short |
| OKX ARB-USDT-SWAP | −0.0106% | 8h | 0.2230 | −0.054% | $22.2M | $164.2M | 50x | as long as short |
| MEXC ARB_USDT | −0.0104% | 8h | 0.2230 | −0.054% | $36.9M | $63.9M | 200x | as long as short |
| Polymarket Perps ARB-USD | −0.0056% | 1h | 0.2231 | −0.009% | $77K | $2.2M | 10x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0053% | 1h | 0.2233 | +0.087% | $1.1M | $5.3M | 50x | as long as short |
Injective ARB/USDC PERP
Deribit ARB_USDC-PERPETUAL
01 Exchange ARBUSD
Variational Omni ARB
Bybit ARBUSDT
SoDEX ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Polymarket Perps ARB-USD
Kraken Futures PF_ARBUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ARB_USDClong | −0.0021% | 8h | 0.2231 | long leg | $10K | $389K | 10x | |
| Binance ARBUSDT | −0.0019% | 8h | 0.2230 | −0.038% | $63.5M | $324.6M | 75x | as long as short |
| Extended ARB-USD | −0.0016% | 1h | 0.2230 | −0.047% | $355K | $2.4M | 25x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2233 | +0.086% | $66K | $4K | 10x | as long as short |
| Gate ARB_USDT | +0.0003% | 8h | 0.2231 | −0.018% | $5.5M | $21.6M | 60x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2232 | +0.039% | $56K | — | 150x | as long as short |
| Aevo ARB-PERPshort | +0.0080% | 1h | 0.2233 | +0.080% | $146K | $12K | 3x | |
| Bitget ARBUSDT | +0.0089% | 8h | 0.2231 | 0.000% | $20.9M | $38.2M | 50x | as long as short |
| BingX ARB-USDC | +0.0089% | 8h | 0.2231 | +0.018% | — | $6.5M | — | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2232 | +0.027% | $1.3M | $7.8M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2233 | +0.103% | $39.8M | $52.5M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2232 | +0.040% | $693K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2234 | +0.125% | $45K | $200K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2232 | +0.063% | $20.5M | $16.9M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2226 | −0.228% | $36K | $458K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2226 | −0.224% | $479K | $4.0M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2226 | −0.224% | $121K | $297K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2231 | 0.000% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2231 | 0.000% | $275K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2232 | +0.045% | $5.2M | $13.7M | 50x | as long as short |
| BloFin ARB-USDT | +0.0103% | 8h | 0.2232 | +0.045% | $3.0M | $3.3M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0153% / S −0.0018% | 1h | 0.2232 | +0.054% | $846K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2249 | +0.807% | $504K | $2.5M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2230 | −0.029% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0546% | 1h | 0.2233 | +0.105% | $495K | $2.8M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0556% | 1h | 0.2234 | +0.143% | $1.1M | $2.7M | 20x | as long as short |
Binance ARBUSDT
Extended ARB-USD
dYdX ARB-USD
Gate ARB_USDT
gTrade (Gains Network) ARB/USD
Bitget ARBUSDT
BingX ARB-USDC
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP