Funding you earn now, next payment 00:00 UTC+0.0110%/8h= +12.0% APRnext payment +$1.10 per $10,000 · paid last 24h +0.050%
Price spread now: BingX against Orderly−0.022%7-day average −0.038% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.234%+$23 on $10k
+Price spread, last 3 days (all we have)−1.341%−$134 · spread now −0.022%, 7d avg −0.038%
=The price spread sits at its 7-day average of −0.038%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ARB_USDC | 0.2228 | −0.0021 | get 0.0021% / 8h | 2h 11m | $11K | $388K | 10x |
| Short | BingX ARB-USDT | 0.2228 | 0.0089 | get 0.0089% / 8h | 2h 11m | — | $54.0M | — |
Orderly PERP_ARB_USDC
BingX ARB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $23.09
- Price spread: −0.022% → −0.038%
- $1.54
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $8.63
- Costs to cover
- 0.160%
- Break-even
- 4.4 days
Slippage unknown: Orderly: no order-book sample; BingX: live order book, 13 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 BingX live order book, 13 min ago | 1.12 bp | 6.3 bp −$6 | 9.2 bp −$92 | 15.7 bp −$1,572 | 47.3 bp −$23.6K |
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 | 0.2214 | −0.628% | $40K | $197K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0272% | 1h | 0.2225 | −0.139% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0162% | 8h | 0.2234 | +0.249% | $1.9M | $2.8M | — | as long as short |
| Bybit ARBUSDT | −0.0147% | 8h | 0.2228 | −0.018% | $56.0M | $135.8M | 50x | as long as short |
| SoDEX ARB-USD | −0.0110% | 1h | 0.2228 | −0.013% | $4K | $2.9M | 5x | as long as short |
| MEXC ARB_USDT | −0.0106% | 8h | 0.2227 | −0.036% | $37.0M | $63.8M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0104% | 8h | 0.2226 | −0.067% | $22.2M | $163.9M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0053% | 1h | 0.2229 | +0.064% | $1.1M | $5.3M | 50x | as long as short |
| Polymarket Perps ARB-USD | −0.0052% | 1h | 0.2227 | −0.040% | $77K | $2.2M | 10x | as long as short |
| Orderly PERP_ARB_USDClong | −0.0021% | 8h | 0.2228 | long leg | $11K | $388K | 10x |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Variational Omni ARB
Bybit ARBUSDT
SoDEX ARB-USD
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Kraken Futures PF_ARBUSD
Polymarket Perps ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | −0.0019% | 1h | 0.2229 | +0.054% | $38K | $20K | 25x | as long as short |
| Binance ARBUSDT | −0.0018% | 8h | 0.2228 | +0.008% | $63.4M | $324.6M | 75x | as long as short |
| Extended ARB-USD | −0.0016% | 1h | 0.2227 | −0.035% | $355K | $2.4M | 25x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2226 | −0.092% | $66K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2229 | +0.029% | $56K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0008% | 8h | 0.2228 | 0.000% | $5.5M | $21.6M | 60x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2229 | +0.057% | $146K | $12K | 3x | as long as short |
| Bitget ARBUSDT | +0.0088% | 8h | 0.2227 | −0.045% | $20.9M | $38.2M | 50x | as long as short |
| BingX ARB-USDTshort | +0.0089% | 8h | 0.2228 | −0.022% | — | $54.0M | — | |
| Lighter ARB | +0.0096% | 1h | 0.2229 | +0.036% | $1.3M | $7.8M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2230 | +0.108% | $39.8M | $53.0M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2228 | +0.019% | $691K | $1.8M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2226 | −0.094% | $47K | $199K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2228 | +0.018% | $20.4M | $16.9M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2230 | +0.086% | $39K | $458K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2227 | −0.033% | $480K | $4.1M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2231 | +0.135% | $121K | $297K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2228 | 0.000% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2225 | −0.139% | $274K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2228 | 0.000% | $5.2M | $13.7M | 50x | as long as short |
| BloFin ARB-USDT | +0.0102% | 8h | 0.2227 | −0.049% | $3.0M | $3.3M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0154% / S −0.0018% | 1h | 0.2229 | +0.036% | $845K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2249 | +0.943% | $504K | $2.5M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2226 | −0.069% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0546% | 1h | 0.2228 | −0.011% | $494K | $2.8M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0552% | 1h | 0.2232 | +0.162% | $1.1M | $2.7M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
Binance ARBUSDT
Extended ARB-USD
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Aevo ARB-PERP
Bitget ARBUSDT
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