Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0132%/8h= +14.5% APRpaid last 24h +0.078%

Price spread now: Coinbase International against Aster−0.013%7-day average +0.148% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$680.680% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.238%+$24 on $10k

Price spread, last 3 days (all we have)+0.788%+$79 · spread now −0.013%, 7d avg +0.148%

Together, before fees+1.025%+ Points / potential airdropAster: Stage 5 · farm board+$103 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.161% cheaper against Aster than usual: you would sell low and buy high (spread −0.013% now, against its 7-day average of +0.148%). If the spread goes back, that is −$16 on $10k: about 4.1 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ARBUSDT	0.2272	0.0100	pay 0.0100% / 8h	7h 20m	$706K	$1.6M	20x
Short	Coinbase International ARB-PERP-INTX	0.2272	0.0232	get 0.0029% / 1h	20m 50s	$512K	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. 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 AsterbpFee Coinbase InternationalbpOrdersPrice spread, now −0.013%Rate

Funding earned: $27.72
Price spread: −0.013% → +0.148%: −$16.08
Slippage, 4 orders: −$50
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$56.36
Costs to cover: 0.680%
Break-even: 21.2 days

Slippage from Aster: live order book, 2 min ago; Coinbase International: 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 Aster live order book, 2 min ago	4.18 bp	12.5 bp −$12	47.8 bp −$478	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	6.58 bp	23.6 bp −$24	39.0 bp −$390	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	−0.1666%	1h	0.2261	−0.479%	$41K	$372K	12x	as long as short
Variational Omni ARB	−0.0201%	8h	0.2267	−0.234%	$2.0M	$2.8M	—	as long as short
01 Exchange ARBUSD	−0.0152%	1h	0.2267	−0.197%	$7K	$2K	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0137%	1h	0.2272	+0.018%	$1.1M	$4.9M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0113%	8h	0.2271	−0.043%	$23.0M	$158.3M	50x	as long as short
MEXC ARB_USDT	−0.0111%	8h	0.2271	−0.026%	$39.0M	$59.2M	200x	as long as short
Bybit ARBUSDT	−0.0080%	8h	0.2270	−0.065%	$58.9M	$126.7M	50x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0058%	1h	0.2268	−0.153%	$25K	$34K	25x	as long as short
SoDEX ARB-USD	−0.0051%	1h	0.2268	−0.158%	$4K	$2.5M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0048%	8h	0.2268	−0.171%	$13K	$387K	10x	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	0.2270	−0.099%	$67K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2269	−0.126%	$33K	—	150x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2272	−0.009%	$365K	$2.7M	25x	as long as short
Binance ARBUSDT	+0.0010%	8h	0.2272	−0.004%	$66.9M	$310.0M	75x	as long as short
BloFin ARB-USDT	+0.0038%	8h	0.2272	−0.013%	$3.1M	$2.9M	75x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2273	+0.036%	$144K	$7K	3x	as long as short
BingX ARB-USDT	+0.0081%	8h	0.2272	+0.001%	—	$54.2M	—	as long as short
Bitget ARBUSDT	+0.0085%	8h	0.2271	−0.039%	$21.7M	$35.7M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2270	−0.065%	$1.4M	$7.3M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2275	+0.115%	$41.2M	$47.3M	10x	as long as short
Aster ARBUSDTlong	+0.0100%	8h	0.2272	long leg	$706K	$1.6M	20x
Pacifica ARB	+0.0100%	1h	0.2270	−0.089%	$45K	$185K	10x	as long as short
Gate ARB_USDT	+0.0100%	8h	0.2272	+0.009%	$5.5M	$19.8M	60x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2273	+0.062%	$19.8M	$15.8M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2275	+0.145%	$41K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2272	+0.026%	$482K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2278	+0.269%	$123K	$296K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2268	−0.153%	$65K	$2.0M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2269	−0.127%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2274	+0.102%	$295K	$979K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2269	−0.127%	$5.2M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTXshort	+0.0232%	1h	0.2272	−0.013%	$512K	$2.3M	50x
GMX ARB/USD [ARB-USDC]	L +0.0288% / S −0.0175%	1h	0.2269	−0.125%	$898K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2267	−0.217%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0384%	1h	0.2271	−0.058%	$518K	$2.6M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0579%	1h	0.2274	+0.106%	$1.0M	$2.8M	20x	as long as short