Funding you earn now, next payment 02:00 UTC−0.0283%/8h= −31.0% APRpaid last 24h −0.076%
Price spread now: Binance against Reya−0.257%55s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Binance is 0.257% cheaper against Reya than usual: you would sell low and buy high (−$26 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya ARBRUSDPERP | 0.2221 | 0.0290 | pay 0.0036% / 1h | 42m 34s | $2K | $695 | 20x |
| Short | Binance ARBUSDT | 0.2215 | 0.0007 | get 0.0007% / 8h | 6h 42m | $64.8M | $318.1M | 75x |
Reya ARBRUSDPERP
Binance ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Reya. 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
- −$59.39
- Price spread: −0.257% → 0.000%
- −$25.72
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$101.11
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Binance: live order book, 16 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 Reya no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 16 min ago | 0.45 bp | 8.9 bp −$9 | 27.6 bp −$276 | 83.1 bp −$8,314 | doesn't fit |
Reya: 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 | −0.1692% | 1h | 0.2210 | −0.505% | $40K | $372K | 12x | as long as short |
| ApeX Omni ARBUSDT | −0.0493% | 1h | 0.2218 | −0.145% | $120K | $295K | 50x | as long as short |
| 01 Exchange ARBUSD | −0.0224% | 1h | 0.2214 | −0.325% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0184% | 8h | 0.2212 | −0.414% | $1.9M | $2.9M | — | as long as short |
| SoDEX ARB-USD | −0.0182% | 1h | 0.2220 | −0.041% | $10K | $2.5M | 5x | as long as short |
| OKX ARB-USDT-SWAP | −0.0109% | 8h | 0.2215 | −0.257% | $22.3M | $157.4M | 50x | as long as short |
| MEXC ARB_USDT | −0.0105% | 8h | 0.2214 | −0.311% | $36.9M | $59.0M | 200x | as long as short |
| Bybit ARBUSDT | −0.0057% | 8h | 0.2215 | −0.257% | $57.1M | $129.0M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0055% | 8h | 0.2221 | −0.010% | $12K | $382K | 10x | as long as short |
| Gate ARB_USDT | −0.0006% | 8h | 0.2214 | −0.307% | $5.4M | $19.7M | 60x | as long as short |
Injective ARB/USDC PERP
ApeX Omni ARBUSDT
01 Exchange ARBUSD
Variational Omni ARB
SoDEX ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Bybit ARBUSDT
Orderly PERP_ARB_USDC
Gate ARB_USDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2216 | −0.235% | $66K | $5K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2221 | +0.008% | $24K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2223 | +0.100% | $32K | — | 150x | as long as short |
| Binance ARBUSDTshort | +0.0007% | 8h | 0.2215 | −0.257% | $64.8M | $318.1M | 75x | |
| Extended ARB-USD | +0.0008% | 1h | 0.2214 | −0.347% | $353K | $2.5M | 25x | as long as short |
| BloFin ARB-USDT | +0.0029% | 8h | 0.2212 | −0.437% | $3.1M | $2.9M | 75x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2222 | +0.035% | $141K | $7K | 3x | as long as short |
| Lighter ARB | +0.0088% | 1h | 0.2213 | −0.347% | $1.2M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2217 | −0.212% | $38.2M | $50.5M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2217 | −0.208% | $660K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2216 | −0.246% | $42K | $189K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2216 | −0.239% | $19.6M | $15.9M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2215 | −0.280% | $21.2M | $36.3M | 50x | as long as short |
| BingX ARB-USDT | +0.0100% | 8h | 0.2214 | −0.329% | — | $54.6M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2216 | −0.257% | $40K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2215 | −0.295% | $471K | $3.6M | 10x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2222 | +0.044% | $75K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2221 | −0.010% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2221 | −0.005% | $296K | $1.0M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2219 | −0.100% | $5.0M | $13.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0240% | 1h | 0.2227 | +0.261% | $510K | $2.2M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0281% / S −0.0165% | 1h | 0.2223 | +0.088% | $856K | — | 150x | as long as short |
| Reya ARBRUSDPERPlong | +0.0290% | 1h | 0.2221 | long leg | $2K | $695 | 20x | |
| Kraken Futures PF_ARBUSD | +0.0311% | 1h | 0.2222 | +0.022% | $1.1M | $4.7M | 50x | as long as short |
| RISEx ARB/USDC | +0.0466% | 1h | 0.2216 | −0.226% | $455K | $2.6M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0538% | 1h | 0.2221 | −0.001% | $1.0M | $2.9M | 20x | as long as short |
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Extended ARB-USD
BloFin ARB-USDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDT
edgeX ARBUSDC
GRVT ARB_USDT_Perp
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Kraken Futures PF_ARBUSD
RISEx ARB/USDC
Backpack ARB_USDC_PERP