Funding you earn now, next payment 07:00 UTC−0.0358%/8h= −39.2% APRnext payment −$0.45 per $10,000 · paid last 24h −0.103%
Price spread now: SoDEX against Reya−0.042%7-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 −$11 a day on $10k at the current rate, and SoDEX is 0.042% cheaper against Reya than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya ARBRUSDPERP | 0.2215 | 0.0289 | pay 0.0036% / 1h | 43m 56s | $2K | $695 | 20x |
| Short | SoDEX ARB-USD | 0.2214 | −0.0069 | pay 0.0009% / 1h | 43m 56s | $9K | $2.2M | 5x |
Reya ARBRUSDPERP
SoDEX ARB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- −$75.1
- Price spread: −0.042% → 0.000%
- −$4.19
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$93.29
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; SoDEX: live order book, 5 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 SoDEX live order book, 5 min ago | 0.23 bp | 5.5 bp −$5 | 20.3 bp −$203 | doesn't fit | 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 | −0.1592% | 1h | 0.2202 | −0.570% | $40K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0211% | 1h | 0.2215 | +0.021% | $68K | $2.1M | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0073% | 8h | 0.2213 | −0.060% | $22.2M | $146.9M | 50x | as long as short |
| MEXC ARB_USDT | −0.0071% | 8h | 0.2213 | −0.096% | $42.2M | $61.7M | 200x | as long as short |
| SoDEX ARB-USDshort | −0.0069% | 1h | 0.2214 | −0.042% | $9K | $2.2M | 5x | |
| Deribit ARB_USDC-PERPETUAL | −0.0066% | 1h | 0.2214 | −0.019% | $28K | $38K | 25x | as long as short |
| Variational Omni ARB | −0.0065% | 8h | 0.2209 | −0.274% | $1.8M | $3.0M | — | as long as short |
| 01 Exchange ARBUSD | −0.0056% | 1h | 0.2218 | +0.130% | $7K | $236 | 10x | as long as short |
| Orderly PERP_ARB_USDC | −0.0044% | 8h | 0.2214 | −0.028% | $12K | $406K | 10x | as long as short |
| Bybit ARBUSDT | −0.0025% | 8h | 0.2214 | −0.037% | $54.5M | $126.5M | 50x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Deribit ARB_USDC-PERPETUAL
Variational Omni ARB
01 Exchange ARBUSD
Orderly PERP_ARB_USDC
Bybit ARBUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2217 | +0.101% | $66K | $5K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2217 | +0.087% | $44K | — | 150x | as long as short |
| RISEx ARB/USDC | +0.0056% | 1h | 0.2218 | +0.130% | $462K | $2.6M | 10x | as long as short |
| Bitget ARBUSDT | +0.0058% | 8h | 0.2214 | −0.028% | $21.2M | $34.8M | 50x | as long as short |
| Gate ARB_USDT | +0.0062% | 8h | 0.2214 | −0.024% | $5.5M | $18.3M | 60x | as long as short |
| BingX ARB-USDC | +0.0093% | 8h | 0.2216 | +0.053% | — | $6.5M | — | as long as short |
| Binance ARBUSDT | +0.0095% | 8h | 0.2214 | −0.010% | $63.2M | $302.0M | 75x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2214 | −0.028% | $1.3M | $5.5M | 15x | as long as short |
| Extended ARB-USD | +0.0096% | 1h | 0.2213 | −0.093% | $352K | $2.8M | 25x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2217 | +0.098% | $37.5M | $49.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2217 | +0.112% | $636K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2216 | +0.040% | $43K | $150K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2215 | +0.017% | $19.7M | $14.3M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2210 | −0.214% | $39K | $465K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2212 | −0.116% | $480K | $3.7M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2213 | −0.073% | $119K | $282K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2215 | +0.017% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2217 | +0.103% | $296K | $872K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2214 | −0.028% | $5.0M | $12.8M | 50x | as long as short |
| Aevo ARB-PERP | +0.0104% | 1h | 0.2215 | +0.014% | $140K | $7K | 3x | as long as short |
| BloFin ARB-USDT | +0.0213% | 8h | 0.2218 | +0.175% | $3.1M | $2.4M | 75x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0230% | 1h | 0.2215 | +0.015% | $1.1M | $4.5M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2216 | +0.069% | $836K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2221 | +0.279% | $520K | $1.6M | 50x | as long as short |
| Reya ARBRUSDPERPlong | +0.0289% | 1h | 0.2215 | long leg | $2K | $695 | 20x | |
| Backpack ARB_USDC_PERP | +0.0665% | 1h | 0.2218 | +0.130% | $994K | $2.8M | 20x | as long as short |
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
RISEx ARB/USDC
Bitget ARBUSDT
Gate ARB_USDT
BingX ARB-USDC
Binance ARBUSDT
Lighter ARB
Extended ARB-USD
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Aevo ARB-PERP
BloFin ARB-USDT
Kraken Futures PF_ARBUSD
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Backpack ARB_USDC_PERP