Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0491%/8h= −53.8% APRpaid last 24h −0.093%

Price spread now: Bybit against Reya+0.026%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Bybit is 0.026% dearer against Reya than usual: you sell high and buy low (spread +0.026% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ARBRUSDPERP	0.2176	0.0288	pay 0.0036% / 1h	8m 15s	$2K	$695	20x
Short	Bybit ARBUSDT	0.2177	−0.0203	pay 0.0203% / 8h	5h 08m	$53.6M	$117.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Reya. 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 ReyabpFee BybitbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$103.13
Price spread: +0.026% → 0.000%: $2.64
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$117.48
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Bybit: live order book, 4 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 Bybit live order book, 4 min ago	0.23 bp	8.2 bp −$8	19.3 bp −$193	49.6 bp −$4,963	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 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	0.2165	−0.502%	$39K	$372K	12x	as long as short
Kraken Futures PF_ARBUSD	−0.0231%	1h	0.2178	+0.077%	$1.1M	$3.8M	50x	as long as short
Bybit ARBUSDTshort	−0.0203%	8h	0.2177	+0.026%	$53.6M	$117.4M	50x
Polymarket Perps ARB-USD	−0.0170%	1h	0.2176	−0.010%	$77K	$1.8M	10x	as long as short
OKX ARB-USDT-SWAP	−0.0159%	8h	0.2176	+0.008%	$22.6M	$135.6M	50x	as long as short
MEXC ARB_USDT	−0.0157%	8h	0.2176	+0.008%	$43.2M	$62.3M	200x	as long as short
SoDEX ARB-USD	−0.0149%	1h	0.2177	+0.031%	$9K	$2.1M	5x	as long as short
01 Exchange ARBUSD	−0.0136%	1h	0.2177	+0.049%	$7K	$414	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0071%	1h	0.2178	+0.086%	$29K	$32K	25x	as long as short
Variational Omni ARB	−0.0068%	8h	0.2173	−0.139%	$1.8M	$2.6M	—	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ARB_USDT	−0.0059%	8h	0.2177	+0.036%	$5.6M	$16.7M	60x	as long as short
Extended ARB-USD	−0.0048%	1h	0.2176	−0.011%	$357K	$2.9M	25x	as long as short
Binance ARBUSDT	−0.0044%	8h	0.2177	+0.036%	$63.8M	$276.9M	75x	as long as short
Orderly PERP_ARB_USDC	−0.0010%	8h	0.2176	+0.003%	$16K	$391K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2177	+0.067%	$64K	$3K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2178	+0.107%	$71K	—	150x	as long as short
Aevo ARB-PERP	+0.0072%	1h	0.2178	+0.079%	$138K	$7K	3x	as long as short
BloFin ARB-USDT	+0.0073%	8h	0.2175	−0.042%	$3.0M	$2.0M	75x	as long as short
Phemex ARBUSDT	+0.0086%	8h	0.2176	+0.003%	$4.6M	$12.5M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2178	+0.086%	$1.3M	$5.3M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2178	+0.091%	$35.1M	$48.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2177	+0.030%	$621K	$1.5M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2178	+0.109%	$54K	$152K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2177	+0.072%	$18.9M	$12.8M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2177	+0.049%	$21.0M	$32.1M	50x	as long as short
BingX ARB-USDT	+0.0100%	8h	0.2177	+0.040%	—	$30.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2170	−0.272%	$38K	$464K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2177	+0.067%	$474K	$3.3M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2169	−0.318%	$117K	$308K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2179	+0.141%	$2K	$1.0M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2176	+0.022%	$282K	$754K	50x	as long as short
Backpack ARB_USDC_PERP	+0.0194%	1h	0.2179	+0.146%	$971K	$2.7M	20x	as long as short
RISEx ARB/USDC	+0.0271%	1h	0.2179	+0.119%	$537K	$2.3M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0279% / S −0.0162%	1h	0.2176	−0.008%	$831K	—	150x	as long as short
Reya ARBRUSDPERPlong	+0.0288%	1h	0.2176	long leg	$2K	$695	20x
Coinbase International ARB-PERP-INTX	+0.0424%	1h	0.2180	+0.187%	$519K	$1.4M	50x	as long as short