Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0231%/8h= −25.3% APRpaid last 24h −0.046%

Price spread now: OKX against Pacifica−0.017%7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$480.484% of the position

Long on Pacifica Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.214%−$21 on $10k

Price spread, last 4 days (all we have)−0.143%−$14 · spread now −0.017%, 7d avg −0.060%

Together, before fees−0.358%+ Points / potential airdropPacifica: Active · farm board−$36 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.043% dearer against Pacifica than usual: you sell high and buy low (spread −0.017% now, against its 7-day average of −0.060%): +$4 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.214% in total) that is about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica ARB	0.2225	0.0100	pay 0.0013% / 1h	2m 35s	$42K	$183K	10x
Short	OKX ARB-USDT-SWAP	0.2225	−0.0131	pay 0.0131% / 8h	6h 02m	$22.4M	$155.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Pacifica. 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 PacificabpFee OKXbpOrdersPrice spread, now −0.017%Rate

Funding earned: −$48.52
Price spread: −0.017% → −0.060%: $4.29
Slippage, 4 orders: −$30.37
Fee Pacifica: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$92.6
Costs to cover: 0.484%
Break-even: never at this rate

Slippage from Pacifica: live order book, 65 min ago; OKX: 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 Pacifica live order book, 65 min ago	8.82 bp	16.1 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.22 bp	6.9 bp −$7	22.1 bp −$221	doesn't fit	doesn't fit

ARB on 35 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	−0.1692%	1h	0.2212	−0.596%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0208%	1h	0.2225	−0.026%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0207%	1h	0.2228	+0.109%	$10K	$2.5M	5x	as long as short
Variational Omni ARB	−0.0156%	8h	0.2220	−0.252%	$1.9M	$2.9M	—	as long as short
OKX ARB-USDT-SWAPshort	−0.0131%	8h	0.2225	−0.017%	$22.4M	$155.2M	50x
MEXC ARB_USDT	−0.0131%	8h	0.2225	−0.030%	$39.0M	$60.3M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0069%	8h	0.2226	+0.033%	$13K	$382K	10x	as long as short
Bybit ARBUSDT	−0.0042%	8h	0.2225	−0.030%	$56.7M	$128.0M	50x	as long as short
Gate ARB_USDT	−0.0036%	8h	0.2225	−0.030%	$5.4M	$20.0M	60x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2226	+0.028%	$66K	$5K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ARB-USD	0.0000%	1h	0.2223	−0.105%	$353K	$2.5M	25x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2228	+0.123%	$25K	$34K	25x	as long as short
Binance ARBUSDT	+0.0001%	8h	0.2225	−0.003%	$64.8M	$314.7M	75x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0011%	1h	0.2227	+0.067%	$10K	—	150x	as long as short
Phemex ARBUSDT	+0.0073%	8h	0.2226	+0.033%	$5.0M	$13.0M	50x	as long as short
ApeX Omni ARBUSDT	+0.0076%	1h	0.2220	−0.237%	$120K	$285K	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2228	+0.108%	$141K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2225	+0.006%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2227	+0.078%	$38.7M	$51.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2227	+0.071%	$661K	$1.7M	20x	as long as short
Pacifica ARBlong	+0.0100%	1h	0.2225	long leg	$42K	$183K	10x
KuCoin ARBUSDTM	+0.0100%	8h	0.2225	−0.021%	$19.6M	$15.7M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2225	−0.012%	$21.3M	$36.0M	50x	as long as short
BingX ARB-USDT	+0.0100%	8h	0.2224	−0.039%	—	$54.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2218	−0.333%	$40K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2220	−0.248%	$473K	$3.6M	10x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2226	+0.019%	$97K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2228	+0.123%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2227	+0.060%	$299K	$987K	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0240%	1h	0.2227	+0.087%	$509K	$2.1M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2227	+0.057%	$831K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2225	−0.025%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0310%	1h	0.2230	+0.196%	$1.1M	$4.7M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2226	+0.026%	$490K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0549%	1h	0.2229	+0.168%	$1.0M	$2.8M	20x	as long as short