Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h +0.082%

Price spread now: Coinbase International against BingX+0.321%7-day average +0.220% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$910.906% of the position

Long on BingX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.298%+$30 on $10k

Price spread, last 3 days (all we have)+0.202%+$20 · spread now +0.321%, 7d avg +0.220%

Together, before fees+0.500%+$50 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.101% dearer against BingX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.220%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ARB-USDC	0.2212	0.0100	pay 0.0100% / 8h	6h 32m	—	$6.5M	—
Short	Coinbase International ARB-PERP-INTX	0.2219	0.0240	get 0.0030% / 1h	32m 14s	$508K	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BingX. 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 BingXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.321%Rate

Funding earned: $29.4
Price spread: +0.321% → +0.220%: $10.11
Slippage, 4 orders: −$70.58
Fee BingX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$51.07
Costs to cover: 0.906%
Break-even: 19.2 days

Slippage from BingX: live order book, 9 min ago; Coinbase International: live order book, 2 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 BingX live order book, 9 min ago	4.29 bp	17.0 bp −$17	39.7 bp −$397	97.6 bp −$9,757	693.3 bp −$346.7K
Sell Coinbase International live order book, 2 min ago	6.76 bp	25.9 bp −$26	48.3 bp −$483	doesn't fit	doesn't fit

ARB on 35 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	−0.1692%	1h	0.2212	+0.005%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0240%	1h	0.2216	+0.176%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0223%	1h	0.2212	+0.014%	$10K	$2.5M	5x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0202%	1h	0.2213	+0.027%	$24K	$34K	25x	as long as short
Variational Omni ARB	−0.0176%	8h	0.2226	+0.656%	$1.9M	$2.9M	—	as long as short
ApeX Omni ARBUSDT	−0.0156%	1h	0.2226	+0.637%	$120K	$296K	50x	as long as short
OKX ARB-USDT-SWAP	−0.0112%	8h	0.2212	+0.018%	$22.4M	$156.9M	50x	as long as short
MEXC ARB_USDT	−0.0111%	8h	0.2213	+0.027%	$40.3M	$59.6M	200x	as long as short
Bybit ARBUSDT	−0.0065%	8h	0.2212	−0.018%	$56.8M	$129.0M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0059%	8h	0.2215	+0.140%	$13K	$381K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ARB_USDT	−0.0054%	8h	0.2212	+0.005%	$5.4M	$19.8M	60x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2219	+0.301%	$66K	$5K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0011%	1h	0.2216	+0.205%	$10K	—	150x	as long as short
Binance ARBUSDT	+0.0005%	8h	0.2212	+0.013%	$64.5M	$318.3M	75x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2211	−0.028%	$353K	$2.5M	25x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2216	+0.165%	$141K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2212	+0.009%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2214	+0.086%	$38.2M	$50.9M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2218	+0.267%	$660K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2218	+0.267%	$42K	$188K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2213	+0.050%	$19.6M	$15.8M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2212	+0.005%	$21.1M	$36.2M	50x	as long as short
BingX ARB-USDClong	+0.0100%	8h	0.2212	long leg	—	$6.5M	—
edgeX ARBUSDC	+0.0100%	4h	0.2225	+0.581%	$40K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2225	+0.591%	$473K	$3.7M	10x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2218	+0.258%	$77K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2215	+0.140%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2214	+0.095%	$298K	$1.0M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2213	+0.050%	$5.0M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTXshort	+0.0240%	1h	0.2219	+0.321%	$508K	$2.1M	50x
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2217	+0.214%	$828K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2216	+0.186%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0312%	1h	0.2213	+0.054%	$1.1M	$4.7M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2219	+0.309%	$470K	$2.6M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0537%	1h	0.2216	+0.167%	$998K	$2.9M	20x	as long as short