Funding you earn now, next payment 00:00 UTC−0.0285%/8h= −31.2% APRpaid last 24h −0.001%
Price spread now: Bybit against Pacifica−0.340%48s7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$440.443% of the position
Funding, last 7 days−0.100%−$10 on $10k
+Price spread, last 4 days (all we have)+0.135%+$14 · spread now −0.340%, 7d avg −0.050%
=Together, before fees+0.035%+ Points / potential airdropPacifica: Active · farm board+$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bybit is 0.290% cheaper against Pacifica than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of −0.050%). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.100% in total (about -5.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica ARB | 0.2262 | 0.0100 | pay 0.0013% / 1h | 59m 55s | $47K | $183K | 10x |
| Short | Bybit ARBUSDT | 0.2254 | −0.0185 | pay 0.0185% / 8h | 7h 59m | $58.1M | $128.0M | 50x |
Pacifica ARB
Bybit ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Pacifica. 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
- −$59.89
- Price spread: −0.340% → −0.050%
- −$29.03
- Slippage, 4 orders
- −$25.32
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$133.25
- Costs to cover
- 0.443%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 13 min ago; Bybit: live order book, 9 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 Pacifica live order book, 13 min ago | 7.05 bp | 11.6 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 9 min ago | 0.22 bp | 9.6 bp −$10 | 17.9 bp −$179 | 48.5 bp −$4,845 | 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 | −0.1785% | 1h | 0.2253 | −0.393% | $41K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0213% | 1h | 0.2258 | −0.155% | $66K | $2.0M | 10x | as long as short |
| 01 Exchange ARBUSD | −0.0208% | 1h | 0.2258 | −0.164% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0201% | 8h | 0.2259 | −0.135% | $2.0M | $2.8M | — | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0193% | 1h | 0.2258 | −0.172% | $25K | $34K | 25x | as long as short |
| SoDEX ARB-USD | −0.0191% | 1h | 0.2257 | −0.212% | $4K | $2.6M | 5x | as long as short |
| Bybit ARBUSDTshort | −0.0185% | 8h | 0.2254 | −0.340% | $58.1M | $128.0M | 50x | |
| OKX ARB-USDT-SWAP | −0.0116% | 8h | 0.2255 | −0.287% | $22.8M | $158.5M | 50x | as long as short |
| MEXC ARB_USDT | −0.0114% | 8h | 0.2256 | −0.239% | $38.2M | $60.2M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0043% | 8h | 0.2258 | −0.172% | $13K | $394K | 10x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
01 Exchange ARBUSD
Variational Omni ARB
Deribit ARB_USDC-PERPETUAL
SoDEX ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ARB_USDT | −0.0019% | 8h | 0.2256 | −0.252% | $5.4M | $20.3M | 60x | as long as short |
| Binance ARBUSDT | −0.0003% | 8h | 0.2256 | −0.281% | $66.4M | $313.2M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2262 | −0.011% | $67K | $4K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2255 | −0.292% | $359K | $2.3M | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2259 | −0.128% | $56K | — | 150x | as long as short |
| Bitget ARBUSDT | +0.0049% | 8h | 0.2255 | −0.305% | $21.3M | $36.1M | 50x | as long as short |
| BingX ARB-USDT | +0.0052% | 8h | 0.2255 | −0.296% | — | $54.1M | — | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2259 | −0.147% | $148K | $12K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2259 | −0.128% | $1.4M | $7.5M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2260 | −0.106% | $40.9M | $47.7M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2259 | −0.133% | $702K | $1.6M | 20x | as long as short |
| Pacifica ARBlong | +0.0100% | 1h | 0.2262 | long leg | $47K | $183K | 10x | |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2256 | −0.252% | $19.7M | $16.1M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2264 | +0.110% | $40K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2262 | +0.006% | $482K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2266 | +0.181% | $122K | $295K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2260 | −0.084% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2257 | −0.199% | $290K | $1.0M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2258 | −0.172% | $5.2M | $13.0M | 50x | as long as short |
| BloFin ARB-USDT | +0.0117% | 8h | 0.2260 | −0.080% | $3.1M | $2.8M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0216% | 1h | 0.2266 | +0.181% | $511K | $2.3M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0237% | 1h | 0.2259 | −0.119% | $1.1M | $4.9M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2257 | −0.195% | $2K | $695 | 20x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0297% / S −0.0186% | 1h | 0.2259 | −0.135% | $925K | — | 150x | as long as short |
| RISEx ARB/USDC | +0.0330% | 1h | 0.2262 | +0.004% | $513K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0458% | 1h | 0.2260 | −0.084% | $1.0M | $2.8M | 20x | as long as short |
Gate ARB_USDT
Binance ARBUSDT
dYdX ARB-USD
Extended ARB-USD
gTrade (Gains Network) ARB/USD
Bitget ARBUSDT
BingX ARB-USDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
Kraken Futures PF_ARBUSD
Reya ARBRUSDPERP
GMX ARB/USD [ARB-USDC]
RISEx ARB/USDC
Backpack ARB_USDC_PERP