Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0268%/8h= −29.4% APRpaid last 24h −0.024%

Price spread now: Bitget against RISEx+0.088%7-day average −0.061% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$320.324% of the position

Long on RISEx Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.278%−$28 on $10k

Price spread, last 5 days (all we have)−0.025%−$3 · spread now +0.088%, 7d avg −0.061%

Together, before fees−0.303%−$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.150% dearer against RISEx than usual: you sell high and buy low (spread +0.088% now, against its 7-day average of −0.061%): +$15 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 45 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx ARB/USDC	0.2260	0.0330	pay 0.0041% / 1h	23m 15s	$513K	$2.7M	10x
Short	Bitget ARBUSDT	0.2262	0.0062	get 0.0062% / 8h	23m 15s	$21.4M	$36.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.088%Rate

Funding earned: −$56.36
Price spread: +0.088% → −0.061%: $14.99
Slippage, 4 orders: −$14.36
Fee RISEx: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$73.73
Costs to cover: 0.324%
Break-even: never at this rate

Slippage from RISEx: live order book, 1 min ago; Bitget: live order book, 6 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, 1 min ago	1.55 bp	4.5 bp −$5	29.5 bp −$295	doesn't fit	doesn't fit
Sell Bitget live order book, 6 min ago	2.20 bp	10.2 bp −$10	22.7 bp −$227	125.7 bp −$12.6K	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	−0.1785%	1h	0.2249	−0.487%	$41K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0270%	1h	0.2259	−0.062%	$70K	$2.0M	10x	as long as short
Variational Omni ARB	−0.0183%	8h	0.2274	+0.610%	$2.0M	$2.8M	—	as long as short
01 Exchange ARBUSD	−0.0176%	1h	0.2258	−0.111%	$7K	$2K	10x	as long as short
Bybit ARBUSDT	−0.0160%	8h	0.2262	+0.071%	$58.4M	$128.4M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0109%	8h	0.2262	+0.084%	$22.8M	$159.5M	50x	as long as short
MEXC ARB_USDT	−0.0108%	8h	0.2259	−0.031%	$38.0M	$59.9M	200x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0104%	1h	0.2262	+0.097%	$26K	$32K	25x	as long as short
SoDEX ARB-USD	−0.0067%	1h	0.2262	+0.080%	$4K	$2.6M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0038%	8h	0.2261	+0.044%	$13K	$395K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2258	−0.095%	$67K	$4K	10x	as long as short
Gate ARB_USDT	+0.0003%	8h	0.2260	+0.009%	$5.4M	$20.2M	60x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2262	+0.106%	$55K	—	150x	as long as short
Binance ARBUSDT	+0.0014%	8h	0.2262	+0.102%	$66.4M	$313.7M	75x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2260	+0.022%	$359K	$2.3M	25x	as long as short
BloFin ARB-USDT	+0.0058%	8h	0.2262	+0.080%	$3.2M	$2.8M	75x	as long as short
Bitget ARBUSDTshort	+0.0062%	8h	0.2262	+0.088%	$21.4M	$36.0M	50x
BingX ARB-USDT	+0.0066%	8h	0.2261	+0.027%	—	$53.9M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2263	+0.126%	$148K	$12K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2264	+0.186%	$1.4M	$7.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2262	+0.075%	$40.7M	$47.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2261	+0.044%	$704K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2257	−0.115%	$48K	$184K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2260	+0.004%	$19.6M	$16.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2268	+0.338%	$40K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2274	+0.620%	$486K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2267	+0.310%	$122K	$296K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2265	+0.221%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2261	+0.049%	$288K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2260	0.000%	$5.2M	$13.1M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0216%	1h	0.2255	−0.221%	$508K	$2.3M	50x	as long as short
Kraken Futures PF_ARBUSD	+0.0236%	1h	0.2264	+0.197%	$1.1M	$4.9M	50x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2258	−0.068%	$2K	$695	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0296% / S −0.0186%	1h	0.2262	+0.109%	$924K	—	150x	as long as short
RISEx ARB/USDClong	+0.0330%	1h	0.2260	long leg	$513K	$2.7M	10x
Backpack ARB_USDC_PERP	+0.0473%	1h	0.2264	+0.164%	$1.0M	$2.9M	20x	as long as short