Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0314%/8h= +34.3% APRpaid last 24h +0.107%

Price spread now: Coinbase International against Bybit+0.027%7-day average +0.199% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$560.557% of the position

Long on Bybit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.384%+$38 on $10k

Price spread, last 4 days (all we have)+0.628%+$63 · spread now +0.027%, 7d avg +0.199%

Together, before fees+1.012%+$101 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.172% cheaper against Bybit than usual: you would sell low and buy high (spread +0.027% now, against its 7-day average of +0.199%). If the spread goes back, that is −$17 on $10k: about 44 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARBUSDT	0.2216	−0.0025	get 0.0025% / 8h	1h 44m	$54.6M	$126.5M	50x
Short	Coinbase International ARB-PERP-INTX	0.2217	0.0288	get 0.0036% / 1h	44m 44s	$519K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bybit. 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 BybitbpFee Coinbase InternationalbpOrdersPrice spread, now +0.027%Rate

Funding earned: $65.84
Price spread: +0.027% → +0.199%: −$17.19
Slippage, 4 orders: −$34.67
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$7.03
Costs to cover: 0.557%
Break-even: 7.7 days

Slippage from Bybit: live order book, 4 min ago; Coinbase International: live order book, 4 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 Bybit live order book, 4 min ago	0.23 bp	7.5 bp −$7	18.3 bp −$183	52.4 bp −$5,235	doesn't fit
Sell Coinbase International live order book, 4 min ago	6.79 bp	14.6 bp −$15	25.7 bp −$257	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	−0.1592%	1h	0.2202	−0.650%	$40K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0216%	1h	0.2217	+0.036%	$68K	$2.1M	10x	as long as short
OKX ARB-USDT-SWAP	−0.0071%	8h	0.2216	−0.009%	$22.2M	$147.0M	50x	as long as short
MEXC ARB_USDT	−0.0071%	8h	0.2216	−0.032%	$42.3M	$61.7M	200x	as long as short
Variational Omni ARB	−0.0065%	8h	0.2209	−0.354%	$1.8M	$3.0M	—	as long as short
01 Exchange ARBUSD	−0.0064%	1h	0.2214	−0.099%	$7K	$236	10x	as long as short
SoDEX ARB-USD	−0.0050%	1h	0.2218	+0.095%	$9K	$2.2M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0044%	8h	0.2217	+0.027%	$12K	$406K	10x	as long as short
Bybit ARBUSDTlong	−0.0025%	8h	0.2216	long leg	$54.6M	$126.5M	50x
dYdX ARB-USD	0.0000%	1h	0.2217	+0.021%	$66K	$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	0.2219	+0.122%	$28K	$38K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2218	+0.091%	$44K	—	150x	as long as short
RISEx ARB/USDC	+0.0056%	1h	0.2214	−0.116%	$461K	$2.6M	10x	as long as short
Bitget ARBUSDT	+0.0058%	8h	0.2215	−0.063%	$21.3M	$34.8M	50x	as long as short
Gate ARB_USDT	+0.0067%	8h	0.2216	−0.014%	$5.5M	$18.3M	60x	as long as short
BingX ARB-USDT	+0.0093%	8h	0.2215	−0.059%	—	$53.0M	—	as long as short
Binance ARBUSDT	+0.0095%	8h	0.2216	−0.001%	$63.3M	$301.9M	75x	as long as short
Lighter ARB	+0.0096%	1h	0.2215	−0.063%	$1.3M	$5.5M	15x	as long as short
Extended ARB-USD	+0.0096%	1h	0.2215	−0.083%	$352K	$2.8M	25x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2217	+0.009%	$37.5M	$49.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2217	+0.038%	$636K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2216	−0.040%	$43K	$150K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2217	+0.036%	$19.7M	$14.3M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2210	−0.294%	$39K	$465K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2212	−0.196%	$480K	$3.7M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2213	−0.153%	$119K	$282K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2215	−0.063%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2217	+0.005%	$296K	$872K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2218	+0.072%	$5.0M	$12.8M	50x	as long as short
Aevo ARB-PERP	+0.0104%	1h	0.2219	+0.114%	$141K	$7K	3x	as long as short
BloFin ARB-USDT	+0.0213%	8h	0.2218	+0.095%	$3.1M	$2.4M	75x	as long as short
Kraken Futures PF_ARBUSD	+0.0229%	1h	0.2220	+0.184%	$1.1M	$4.5M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2219	+0.116%	$837K	—	150x	as long as short
Coinbase International ARB-PERP-INTXshort	+0.0288%	1h	0.2217	+0.027%	$519K	$1.6M	50x
Reya ARBRUSDPERP	+0.0289%	1h	0.2217	+0.036%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0664%	1h	0.2223	+0.284%	$997K	$2.8M	20x	as long as short