Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0224%/8h= −24.5% APRpaid last 24h −0.112%

Price spread now: OKX against RISEx−0.170%7-day average −0.070% · 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−$36as in the Price arb table

costs, in and out, $10k−$260.261% of the position

Long on RISEx Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.361%−$36 on $10k

Price spread, last 5 days (all we have)+0.224%+$22 · spread now −0.170%, 7d avg −0.070%

Together, before fees−0.137%−$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and OKX is 0.100% cheaper against RISEx than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.070%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx ARB/USDC	0.2224	0.0123	pay 0.0015% / 1h	17m 24s	$539K	$2.6M	10x
Short	OKX ARB-USDT-SWAP	0.2221	−0.0102	pay 0.0102% / 8h	7h 17m	$22.4M	$147.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.170%Rate

Funding earned: −$47.05
Price spread: −0.170% → −0.070%: −$10.03
Slippage, 4 orders: −$10.14
Fee RISEx: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: −$83.22
Costs to cover: 0.261%
Break-even: never at this rate

Slippage from RISEx: live order book, 1 min ago; OKX: live order book, 2 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	0.68 bp	3.7 bp −$4	16.6 bp −$166	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.23 bp	8.8 bp −$9	23.2 bp −$232	doesn't fit	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	−0.1605%	1h	0.2205	−0.872%	$40K	$372K	12x	as long as short
Phemex ARBUSDT	−0.0398%	8h	0.2228	+0.162%	$4.9M	$12.7M	50x	as long as short
SoDEX ARB-USD	−0.0201%	1h	0.2229	+0.198%	$9K	$2.2M	5x	as long as short
Kraken Futures PF_ARBUSD	−0.0165%	1h	0.2232	+0.333%	$1.1M	$4.3M	50x	as long as short
OKX ARB-USDT-SWAPshort	−0.0102%	8h	0.2221	−0.170%	$22.4M	$147.9M	50x
MEXC ARB_USDT	−0.0101%	8h	0.2220	−0.211%	$43.8M	$63.6M	200x	as long as short
01 Exchange ARBUSD	−0.0064%	1h	0.2223	−0.080%	$7K	$334	10x	as long as short
Orderly PERP_ARB_USDC	−0.0038%	8h	0.2222	−0.107%	$16K	$414K	10x	as long as short
Bybit ARBUSDT	−0.0035%	8h	0.2221	−0.157%	$54.3M	$125.5M	50x	as long as short
Gate ARB_USDT	−0.0024%	8h	0.2220	−0.211%	$5.5M	$18.4M	60x	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	0.2225	+0.013%	$65K	$4K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2230	+0.252%	$29K	$38K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2218	−0.301%	$74K	—	150x	as long as short
Binance ARBUSDT	+0.0012%	8h	0.2221	−0.156%	$64.3M	$299.4M	75x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2222	−0.116%	$368K	$3.0M	25x	as long as short
Variational Omni ARB	+0.0026%	8h	0.2217	−0.326%	$1.8M	$3.0M	—	as long as short
Bitget ARBUSDT	+0.0057%	8h	0.2221	−0.152%	$21.3M	$34.6M	50x	as long as short
BingX ARB-USDC	+0.0061%	8h	0.2219	−0.233%	—	$6.5M	—	as long as short
BloFin ARB-USDT	+0.0073%	8h	0.2214	−0.467%	$3.0M	$2.4M	75x	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2230	+0.252%	$141K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2226	+0.082%	$1.3M	$5.6M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2223	−0.076%	$36.2M	$51.8M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2223	−0.055%	$637K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2224	−0.015%	$44K	$147K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2221	−0.148%	$19.3M	$13.8M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2215	−0.421%	$40K	$467K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2215	−0.420%	$477K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2222	−0.107%	$120K	$267K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2223	−0.085%	$75K	$2.0M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2232	+0.342%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2233	+0.396%	$299K	$837K	50x	as long as short
RISEx ARB/USDClong	+0.0123%	1h	0.2224	long leg	$539K	$2.6M	10x
Backpack ARB_USDC_PERP	+0.0246%	1h	0.2231	+0.279%	$996K	$2.8M	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0159%	1h	0.2218	−0.306%	$838K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2218	−0.269%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0336%	1h	0.2240	+0.679%	$536K	$1.6M	50x	as long as short