Modes

The "Arbitrage type" switch selects the mode: the sort key, the highlighted column, the set of markets compared and the thresholds. The columns are the same in all modes. Changing the mode resets the sorting and the page.

Price spread

• The pair is the one with the largest last price spread; the spread is greater than zero.
• Perp–spot: the perpetual contract is more expensive than spot.
• Results — by "Last price spread, %" in descending order.
• Thresholds: last price spread, bid1/ask1 spread, bundle lifetime.
• "Funding diff 8h" = the first leg's rate per 8 hours minus the second's; spot counts as zero.
• The "Binding lifetime" column is only in this mode.

Funding · Rate

• The pair is the one with the largest difference in rates per 8 hours.
• Perp–perp: short the leg with the higher rate (↑), long the leg with the lower one (↓); the difference is greater than zero.
• Perp–spot: the perpetual contract's rate is greater than zero, spot counts as zero; both legs may be on one exchange.
• Results — by "Funding diff 8h, %" in descending order; the price spread is not part of the key.
• Threshold: "Funding rate diff 8h from".

Funding · Payout

• The pair is two perpetual contracts with different next payout times: the early leg ◂, the late one ▸.
• Results — by the absolute value of the early leg's rate per period, in descending order; then by the last price spread, in ascending order.
• Threshold: "Early leg rate from" — in absolute value.
• "Funding time gap" — the difference between the payout times.
• Not included: legs whose payout has already passed, pairs with the same payout time, legs without a measured period.