Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0270%/8h= +29.6% APRpaid last 24h +0.054%

Price spread now: BingX against 01 Exchange−0.142%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on BingX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BingX is 0.142% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.142% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 42 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange ARBUSD	0.2190	−0.0200	get 0.0025% / 1h	52m 32s	$7K	$236	10x
Short	BingX ARB-USDC	0.2187	0.0070	get 0.0070% / 8h	2h 52m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against 01 Exchange. 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 01 ExchangebpFee BingXbpOrdersPrice spread, now −0.142%Rate

Funding earned: $56.7
Price spread: −0.142% → 0.000%: −$14.16
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: $25.54
Costs to cover: 0.170%
Break-even: 3.8 days

Slippage unknown: 01 Exchange: no order-book sample; BingX: live order book, 3 min ago. 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 01 Exchange no order-book sample	—	—	—	—	—
Sell BingX live order book, 3 min ago	5.27 bp	17.3 bp −$17	39.0 bp −$390	90.4 bp −$9,041	666.5 bp −$333.3K

01 Exchange: 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	−0.1581%	1h	0.2174	−0.712%	$39K	$372K	12x	as long as short
01 Exchange ARBUSDlong	−0.0200%	1h	0.2190	long leg	$7K	$236	10x
Polymarket Perps ARB-USD	−0.0169%	1h	0.2186	−0.178%	$78K	$2.1M	10x	as long as short
Variational Omni ARB	−0.0095%	8h	0.2182	−0.339%	$1.8M	$3.0M	—	as long as short
OKX ARB-USDT-SWAP	−0.0094%	8h	0.2188	−0.050%	$21.8M	$142.9M	50x	as long as short
MEXC ARB_USDT	−0.0093%	8h	0.2190	+0.005%	$41.3M	$60.1M	200x	as long as short
Kraken Futures PF_ARBUSD	−0.0074%	1h	0.2189	−0.019%	$1.1M	$4.4M	50x	as long as short
Bybit ARBUSDT	−0.0063%	8h	0.2188	−0.087%	$54.5M	$123.7M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0059%	8h	0.2187	−0.119%	$13K	$407K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2190	+0.018%	$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	0.2189	−0.037%	$24K	$31K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2188	−0.094%	$44K	—	150x	as long as short
Gate ARB_USDT	+0.0026%	8h	0.2190	+0.037%	$5.4M	$18.0M	60x	as long as short
Bitget ARBUSDT	+0.0049%	8h	0.2189	−0.027%	$20.8M	$34.2M	50x	as long as short
BingX ARB-USDCshort	+0.0070%	8h	0.2187	−0.142%	—	$6.5M	—
Extended ARB-USD	+0.0072%	1h	0.2189	−0.024%	$348K	$2.8M	25x	as long as short
Binance ARBUSDT	+0.0075%	8h	0.2190	+0.020%	$62.9M	$300.6M	75x	as long as short
RISEx ARB/USDC	+0.0086%	1h	0.2190	+0.039%	$445K	$2.6M	10x	as long as short
Lighter ARB	+0.0096%	1h	0.2189	−0.032%	$1.2M	$5.5M	15x	as long as short
Aevo ARB-PERP	+0.0096%	1h	0.2188	−0.076%	$139K	$7K	3x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2190	+0.037%	$37.0M	$48.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2189	−0.014%	$631K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2190	+0.007%	$42K	$160K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2190	+0.018%	$19.6M	$14.5M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2182	−0.362%	$39K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2185	−0.225%	$475K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2185	−0.210%	$118K	$283K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2187	−0.119%	$1K	$1.1M	30x	as long as short
SoDEX ARB-USD	+0.0100%	1h	0.2188	−0.069%	$10K	$2.2M	5x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2189	−0.027%	$292K	$886K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2187	−0.119%	$4.9M	$12.8M	50x	as long as short
BloFin ARB-USDT	+0.0193%	8h	0.2189	−0.046%	$3.0M	$2.5M	75x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0277% / S −0.0160%	1h	0.2188	−0.060%	$830K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2186	−0.155%	$502K	$1.6M	50x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2186	−0.183%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0680%	1h	0.2192	+0.114%	$983K	$2.8M	20x	as long as short