Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0284%/8h= +31.1% APRpaid last 24h +0.060%

Price spread now: BloFin against SoDEX−0.031%7-day average +0.017% · 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−$44as in the Price arb table

costs, in and out, $10k−$390.392% of the position

Long on SoDEX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.116%+$12 on $10k

Price spread, last 3 days (all we have)−0.204%−$20 · spread now −0.031%, 7d avg +0.017%

Together, before fees−0.088%−$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.049% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.031% now, against its 7-day average of +0.017%). If the spread goes back, that is −$5 on $10k: about 14 hours of funding at the current rate (+$9 a day). At the pace of the last 3 days (+0.116% in total) that is about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ARB-USD	0.2255	−0.0199	get 0.0025% / 1h	31m 05s	$5K	$2.9M	5x
Short	BloFin ARB-USDT	0.2254	0.0084	get 0.0084% / 8h	3h 31m	$3.0M	$3.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against SoDEX. 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 SoDEXbpFee BloFinbpOrdersPrice spread, now −0.031%Rate

Funding earned: $59.58
Price spread: −0.031% → +0.017%: −$4.85
Slippage, 4 orders: −$19.18
Fee SoDEX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: $15.54
Costs to cover: 0.392%
Break-even: 5.2 days

Slippage from SoDEX: live order book, 3 min ago; BloFin: live order book, 3 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 SoDEX live order book, 3 min ago	0.22 bp	5.8 bp −$6	20.4 bp −$204	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	0.67 bp	14.4 bp −$14	24.5 bp −$245	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	−0.0803%	1h	0.2245	−0.421%	$40K	$107K	12x	as long as short
Kraken Futures PF_ARBUSD	−0.0313%	1h	0.2257	+0.112%	$1.2M	$5.2M	50x	as long as short
Bybit ARBUSDT	−0.0302%	8h	0.2255	+0.004%	$58.5M	$134.0M	50x	as long as short
SoDEX ARB-USDlong	−0.0199%	1h	0.2255	long leg	$5K	$2.9M	5x
Variational Omni ARB	−0.0187%	8h	0.2254	−0.032%	$1.9M	$2.8M	—	as long as short
01 Exchange ARBUSD	−0.0120%	1h	0.2255	+0.027%	$7K	$2K	10x	as long as short
ApeX Omni ARBUSDT	−0.0120%	1h	0.2254	−0.022%	$124K	$275K	50x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0104%	1h	0.2256	+0.067%	$37K	$18K	25x	as long as short
OKX ARB-USDT-SWAP	−0.0043%	8h	0.2254	−0.022%	$23.2M	$166.6M	50x	as long as short
MEXC ARB_USDT	−0.0042%	8h	0.2255	+0.004%	$38.4M	$63.5M	200x	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	0.2257	+0.107%	$67K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2257	+0.106%	$60K	—	150x	as long as short
Orderly PERP_ARB_USDC	+0.0007%	8h	0.2255	+0.022%	$10K	$385K	10x	as long as short
Binance ARBUSDT	+0.0021%	8h	0.2255	+0.040%	$64.5M	$323.3M	75x	as long as short
Extended ARB-USD	+0.0024%	1h	0.2254	−0.040%	$358K	$2.5M	25x	as long as short
Polymarket Perps ARB-USD	+0.0038%	1h	0.2256	+0.049%	$71K	$2.3M	10x	as long as short
Gate ARB_USDT	+0.0055%	8h	0.2255	+0.022%	$5.5M	$21.8M	60x	as long as short
BloFin ARB-USDTshort	+0.0084%	8h	0.2254	−0.031%	$3.0M	$3.3M	75x
Aevo ARB-PERP	+0.0088%	1h	0.2258	+0.176%	$148K	$12K	3x	as long as short
Bitget ARBUSDT	+0.0095%	8h	0.2255	+0.022%	$21.2M	$38.9M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2257	+0.111%	$1.4M	$7.7M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2258	+0.151%	$41.0M	$52.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2255	+0.009%	$709K	$1.8M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2256	+0.055%	$51K	$203K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2257	+0.111%	$20.8M	$17.3M	75x	as long as short
BingX ARB-USDC	+0.0100%	8h	0.2253	−0.080%	—	$6.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2251	−0.164%	$38K	$450K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2252	−0.112%	$484K	$4.2M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2258	+0.155%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2255	+0.035%	$276K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2257	+0.111%	$5.5M	$13.9M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0169%	1h	0.2256	+0.082%	$830K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0291%	1h	0.2254	−0.018%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0312%	1h	0.2261	+0.310%	$509K	$2.5M	50x	as long as short
Backpack ARB_USDC_PERP	+0.0479%	1h	0.2259	+0.191%	$1.1M	$2.9M	20x	as long as short
RISEx ARB/USDC	+0.0621%	1h	0.2258	+0.149%	$530K	$2.9M	10x	as long as short