Funding you earn now, next payment 16:00 UTC−0.0124%/8h= −13.5% APRnext payment −$1.24 per $10,000 · paid last 24h −0.006%
Price spread now: OKX against Orderly−0.023%7-day average −0.051% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.066%+$7 on $10k
+Price spread, last 4 days (all we have)−1.372%−$137 · spread now −0.023%, 7d avg −0.051%
=The price spread pays, funding is against you. OKX is 0.028% dearer against Orderly than usual: you sell high and buy low (spread −0.023% now, against its 7-day average of −0.051%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 18 hours. Mind the row above: over the last 7 days funding on this pair paid +0.066%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ARB_USDC | 0.2183 | −0.0018 | get 0.0018% / 8h | 5h 51m | $16K | $407K | 10x |
| Short | OKX ARB-USDT-SWAP | 0.2182 | −0.0142 | pay 0.0142% / 8h | 5h 51m | $22.7M | $142.3M | 50x |
Orderly PERP_ARB_USDC
OKX ARB-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$25.94
- Price spread: −0.023% → −0.051%
- $2.77
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$39.17
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; OKX: live order book, 1 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 OKX live order book, 1 min ago | 0.23 bp | 6.4 bp −$6 | 17.0 bp −$170 | 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 exchanges
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 | −0.1736% | 1h | 0.2177 | −0.275% | $39K | $372K | 12x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0231% | 1h | 0.2183 | +0.018% | $1.1M | $4.2M | 50x | as long as short |
| Bybit ARBUSDT | −0.0197% | 8h | 0.2182 | −0.027% | $53.8M | $122.4M | 50x | as long as short |
| SoDEX ARB-USD | −0.0180% | 1h | 0.2183 | −0.005% | $9K | $2.2M | 5x | as long as short |
| OKX ARB-USDT-SWAPshort | −0.0142% | 8h | 0.2182 | −0.023% | $22.7M | $142.3M | 50x | |
| MEXC ARB_USDT | −0.0141% | 8h | 0.2183 | −0.014% | $44.2M | $61.0M | 200x | as long as short |
| 01 Exchange ARBUSD | −0.0120% | 1h | 0.2185 | +0.096% | $7K | $414 | 10x | as long as short |
| Binance ARBUSDT | −0.0035% | 8h | 0.2183 | +0.020% | $63.9M | $289.1M | 75x | as long as short |
| Extended ARB-USD | −0.0032% | 1h | 0.2182 | −0.031% | $359K | $3.0M | 25x | as long as short |
| Variational Omni ARB | −0.0030% | 8h | 0.2186 | +0.142% | $1.8M | $2.6M | — | as long as short |
Injective ARB/USDC PERP
Kraken Futures PF_ARBUSD
Bybit ARBUSDT
SoDEX ARB-USD
MEXC ARB_USDT
01 Exchange ARBUSD
Binance ARBUSDT
Extended ARB-USD
Variational Omni ARBShow all 36 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ARB_USDClong | −0.0018% | 8h | 0.2183 | long leg | $16K | $407K | 10x | |
| dYdX ARB-USD | 0.0000% | 1h | 0.2185 | +0.114% | $64K | $3K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2184 | +0.064% | $29K | $36K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2188 | +0.240% | $73K | — | 150x | as long as short |
| Polymarket Perps ARB-USD | +0.0023% | 1h | 0.2184 | +0.046% | $73K | $1.9M | 10x | as long as short |
| Gate ARB_USDT | +0.0038% | 8h | 0.2183 | −0.009% | $5.4M | $16.3M | 60x | as long as short |
| Phemex ARBUSDT | +0.0048% | 8h | 0.2183 | 0.000% | $4.7M | $12.6M | 50x | as long as short |
| Aevo ARB-PERP | +0.0072% | 1h | 0.2185 | +0.069% | $139K | $7K | 3x | as long as short |
| BloFin ARB-USDT | +0.0085% | 8h | 0.2183 | −0.018% | $3.0M | $2.1M | 75x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2183 | +0.023% | $1.3M | $5.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2185 | +0.092% | $35.6M | $49.6M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2184 | +0.046% | $625K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2185 | +0.108% | $42K | $143K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2184 | +0.032% | $19.0M | $13.4M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2184 | +0.046% | $20.9M | $33.5M | 50x | as long as short |
| BingX ARB-USDT | +0.0100% | 8h | 0.2183 | −0.009% | — | $31.8M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2187 | +0.172% | $40K | $465K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2187 | +0.183% | $469K | $3.3M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2187 | +0.183% | $118K | $310K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2187 | +0.183% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2184 | +0.060% | $295K | $815K | 50x | as long as short |
| Backpack ARB_USDC_PERP | +0.0124% | 1h | 0.2185 | +0.110% | $974K | $2.7M | 20x | as long as short |
| RISEx ARB/USDC | +0.0271% | 1h | 0.2186 | +0.137% | $540K | $2.4M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0282% / S −0.0166% | 1h | 0.2188 | +0.207% | $846K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0288% | 1h | 0.2182 | −0.048% | $2K | $695 | 20x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0424% | 1h | 0.2196 | +0.577% | $524K | $1.4M | 50x | as long as short |
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Polymarket Perps ARB-USD
Gate ARB_USDT
Phemex ARBUSDT
Aevo ARB-PERP
BloFin ARB-USDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDT
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Backpack ARB_USDC_PERP
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Coinbase International ARB-PERP-INTX