Funding you earn now, next payment 08:00 UTC−0.0111%/8h= −12.1% APRpaid last 24h −0.113%
Price spread now: Orderly against RISEx−0.109%7-day average −0.025% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.379%−$38 on $10k
+Price spread, last 4 days (all we have)+0.505%+$50 · spread now −0.109%, 7d avg −0.025%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Orderly is 0.084% cheaper against RISEx than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.025%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx ARB/USDC | 0.2180 | 0.0069 | pay 0.0009% / 1h | 35m 55s | $491K | $2.6M | 10x |
| Short | Orderly PERP_ARB_USDC | 0.2178 | −0.0042 | pay 0.0042% / 8h | 35m 55s | $13K | $404K | 10x |
RISEx ARB/USDC
Orderly PERP_ARB_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against RISEx. 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
- −$23.27
- Price spread: −0.109% → −0.025%
- −$8.38
- Slippage, 4 orders
- no order book: not counted
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$43.65
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: RISEx: live order book, 3 min ago; Orderly: no order-book sample. 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 RISEx live order book, 3 min ago | 0.92 bp | 3.9 bp −$4 | 14.7 bp −$147 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | −0.1612% | 1h | 0.2171 | −0.430% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0160% | 1h | 0.2178 | −0.090% | $7K | $236 | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0085% | 8h | 0.2178 | −0.099% | $21.9M | $143.9M | 50x | as long as short |
| MEXC ARB_USDT | −0.0085% | 8h | 0.2178 | −0.104% | $42.7M | $61.9M | 200x | as long as short |
| SoDEX ARB-USD | −0.0060% | 1h | 0.2178 | −0.104% | $9K | $2.2M | 5x | as long as short |
| Orderly PERP_ARB_USDCshort | −0.0042% | 8h | 0.2178 | −0.109% | $13K | $404K | 10x | |
| Polymarket Perps ARB-USD | −0.0021% | 1h | 0.2180 | +0.006% | $70K | $2.1M | 10x | as long as short |
| Variational Omni ARB | −0.0008% | 8h | 0.2178 | −0.098% | $1.8M | $3.0M | — | as long as short |
| Extended ARB-USD | −0.0008% | 1h | 0.2178 | −0.131% | $347K | $3.1M | 25x | as long as short |
| Binance ARBUSDT | −0.0007% | 8h | 0.2178 | −0.108% | $62.3M | $300.7M | 75x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
SoDEX ARB-USD
Polymarket Perps ARB-USD
Variational Omni ARB
Extended ARB-USD
Binance ARBUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2182 | +0.055% | $65K | $5K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2179 | −0.058% | $28K | $38K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2179 | −0.044% | $44K | — | 150x | as long as short |
| Bybit ARBUSDT | +0.0006% | 8h | 0.2178 | −0.109% | $53.3M | $126.0M | 50x | as long as short |
| Gate ARB_USDT | +0.0019% | 8h | 0.2178 | −0.090% | $5.4M | $18.3M | 60x | as long as short |
| RISEx ARB/USDClong | +0.0069% | 1h | 0.2180 | long leg | $491K | $2.6M | 10x | |
| BingX ARB-USDT | +0.0080% | 8h | 0.2178 | −0.099% | — | $33.1M | — | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2180 | −0.033% | $138K | $7K | 3x | as long as short |
| Bitget ARBUSDT | +0.0083% | 8h | 0.2178 | −0.109% | $21.1M | $34.6M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0093% | 1h | 0.2180 | −0.018% | $1.1M | $4.4M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2178 | −0.095% | $1.3M | $5.5M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2181 | +0.024% | $36.8M | $49.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2180 | −0.026% | $630K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2182 | +0.063% | $42K | $147K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2179 | −0.063% | $19.4M | $14.0M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2183 | +0.123% | $39K | $464K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2182 | +0.082% | $467K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2190 | +0.442% | $118K | $279K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2181 | +0.029% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2180 | +0.001% | $291K | $837K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2179 | −0.063% | $4.8M | $12.8M | 50x | as long as short |
| BloFin ARB-USDT | +0.0105% | 8h | 0.2181 | +0.020% | $3.0M | $2.3M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2180 | −0.019% | $823K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0288% | 1h | 0.2180 | −0.011% | $2K | $695 | 20x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0336% | 1h | 0.2181 | +0.029% | $522K | $1.5M | 50x | as long as short |
| Backpack ARB_USDC_PERP | +0.0606% | 1h | 0.2182 | +0.066% | $982K | $2.9M | 20x | as long as short |
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Bybit ARBUSDT
Gate ARB_USDT
BingX ARB-USDT
Aevo ARB-PERP
Bitget ARBUSDT
Kraken Futures PF_ARBUSD
Lighter ARB
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
BloFin ARB-USDT
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Coinbase International ARB-PERP-INTX
Backpack ARB_USDC_PERP