Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0041%/8h= −4.5% APRpaid last 24h −0.079%

Price spread now: Binance against RISEx−0.090%55s7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$300.298% of the position

Long on RISEx Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.318%−$32 on $10k

Price spread, last 5 days (all we have)+0.195%+$19 · spread now −0.090%, 7d avg −0.032%

Together, before fees−0.123%−$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.058% cheaper against RISEx than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.032%). 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	RISEx ARB/USDC	0.2188	0.0056	pay 0.0007% / 1h	59m 47s	$485K	$2.6M	10x
Short	Binance ARBUSDT	0.2186	0.0015	get 0.0015% / 8h	59m 47s	$62.6M	$301.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against RISEx. 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 RISExbpFee BinancebpOrdersPrice spread, now −0.090%Rate

Funding earned: −$8.64
Price spread: −0.090% → −0.032%: −$5.8
Slippage, 4 orders: −$13.81
Fee RISEx: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$44.25
Costs to cover: 0.298%
Break-even: never at this rate

Slippage from RISEx: live order book, 4 min ago; Binance: live order book, 14 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 RISEx live order book, 4 min ago	2.96 bp	6.0 bp −$6	15.6 bp −$156	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.23 bp	9.9 bp −$10	18.4 bp −$184	72.2 bp −$7,220	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	−0.1592%	1h	0.2186	−0.091%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0176%	1h	0.2186	−0.091%	$7K	$236	10x	as long as short
Polymarket Perps ARB-USD	−0.0168%	1h	0.2187	−0.064%	$67K	$2.1M	10x	as long as short
SoDEX ARB-USD	−0.0111%	1h	0.2186	−0.073%	$9K	$2.2M	5x	as long as short
MEXC ARB_USDT	−0.0091%	8h	0.2186	−0.101%	$41.9M	$62.5M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0091%	8h	0.2185	−0.123%	$22.0M	$144.3M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0038%	8h	0.2186	−0.091%	$12K	$407K	10x	as long as short
Variational Omni ARB	−0.0035%	8h	0.2185	−0.116%	$1.8M	$3.0M	—	as long as short
Bybit ARBUSDT	−0.0008%	8h	0.2185	−0.133%	$53.6M	$126.4M	50x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2187	−0.050%	$65K	$5K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2187	−0.037%	$28K	$38K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2188	−0.012%	$44K	—	150x	as long as short
Binance ARBUSDTshort	+0.0015%	8h	0.2186	−0.090%	$62.6M	$301.8M	75x
Extended ARB-USD	+0.0016%	1h	0.2185	−0.142%	$352K	$3.0M	25x	as long as short
Gate ARB_USDT	+0.0018%	8h	0.2186	−0.078%	$5.4M	$18.5M	60x	as long as short
RISEx ARB/USDClong	+0.0056%	1h	0.2188	long leg	$485K	$2.6M	10x
BloFin ARB-USDT	+0.0071%	8h	0.2186	−0.105%	$3.0M	$2.3M	75x	as long as short
Bitget ARBUSDT	+0.0073%	8h	0.2185	−0.137%	$21.1M	$34.7M	50x	as long as short
BingX ARB-USDC	+0.0074%	8h	0.2185	−0.137%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2187	−0.042%	$139K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2186	−0.105%	$1.2M	$5.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2187	−0.046%	$36.9M	$49.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2188	+0.009%	$629K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2187	−0.052%	$42K	$148K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2186	−0.101%	$19.4M	$14.2M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2192	+0.165%	$39K	$465K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2192	+0.189%	$467K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2197	+0.411%	$119K	$279K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2188	0.000%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2187	−0.041%	$292K	$838K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2187	−0.046%	$4.8M	$12.9M	50x	as long as short
Kraken Futures PF_ARBUSD	+0.0233%	1h	0.2188	−0.019%	$1.1M	$4.4M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2187	−0.024%	$826K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2196	+0.347%	$524K	$1.5M	50x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2186	−0.100%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0566%	1h	0.2190	+0.082%	$984K	$2.8M	20x	as long as short