ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0160%/8h= −17.5% APRnext payment −$0.20 per $10,000 · paid last 24h −0.080%

Price spread now: Aevo against Coinbase International−0.293%7-day average −0.102% · you buy dearer than you sell

Net, funding: paid 7d − costs−$221as in the Funding arb table

Net, price: spread back to 7d avg − costs−$214as in the Price arb table

costs, in and out, $10k−$1951.946% of the position

Long on Coinbase International Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.265%−$26 on $10k

Price spread, last 3 days (all we have)+0.258%+$26 · spread now −0.293%, 7d avg −0.102%

Together, before fees−0.007%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Aevo is 0.191% cheaper against Coinbase International than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.102%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ARB-PERP-INTX	0.2219	0.0240	pay 0.0030% / 1h	30m 59s	$508K	$2.1M	50x
Short	Aevo ARB-PERP	0.2213	0.0080	get 0.0010% / 1h	30m 59s	$140K	$7K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Coinbase International. 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 Coinbase InternationalbpFee AevobpOrdersPrice spread, now −0.293%Rate

Funding earned: −$33.6
Price spread: −0.293% → −0.102%: −$19.08
Slippage, 4 orders: −$168.64
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$247.31
Costs to cover: 1.946%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Aevo: live order book, 38 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 Coinbase International live order book, 3 min ago	6.76 bp	25.2 bp −$25	54.8 bp −$548	doesn't fit	doesn't fit
Sell Aevo live order book, 38 min ago	39.70 bp	71.7 bp −$72	doesn't fit	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	0.2208	−0.496%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0240%	1h	0.2212	−0.338%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0218%	1h	0.2211	−0.365%	$10K	$2.5M	5x	as long as short
Variational Omni ARB	−0.0172%	8h	0.2211	−0.365%	$1.9M	$2.9M	—	as long as short
ApeX Omni ARBUSDT	−0.0156%	1h	0.2226	+0.315%	$120K	$296K	50x	as long as short
OKX ARB-USDT-SWAP	−0.0114%	8h	0.2212	−0.338%	$22.3M	$156.8M	50x	as long as short
MEXC ARB_USDT	−0.0112%	8h	0.2212	−0.333%	$40.1M	$59.6M	200x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0066%	1h	0.2212	−0.320%	$24K	$34K	25x	as long as short
Bybit ARBUSDT	−0.0065%	8h	0.2212	−0.338%	$56.8M	$129.0M	50x	as long as short
Gate ARB_USDT	−0.0062%	8h	0.2212	−0.333%	$5.4M	$19.8M	60x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ARB_USDC	−0.0059%	8h	0.2213	−0.270%	$12K	$381K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2214	−0.241%	$65K	$5K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2211	−0.370%	$353K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0002%	8h	0.2212	−0.315%	$64.5M	$318.1M	75x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0011%	1h	0.2212	−0.297%	$10K	—	150x	as long as short
Aevo ARB-PERPshort	+0.0080%	1h	0.2213	−0.293%	$140K	$7K	3x
Lighter ARB	+0.0096%	1h	0.2211	−0.361%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2212	−0.306%	$38.2M	$51.0M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2212	−0.311%	$659K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2214	−0.242%	$42K	$188K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2212	−0.297%	$19.6M	$15.8M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2211	−0.361%	$21.1M	$36.2M	50x	as long as short
BingX ARB-USDT	+0.0100%	8h	0.2212	−0.333%	—	$54.6M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2225	+0.259%	$40K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2219	−0.006%	$480K	$3.7M	10x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2212	−0.311%	$76K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2211	−0.361%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2212	−0.329%	$297K	$1.0M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2212	−0.315%	$5.0M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTXlong	+0.0240%	1h	0.2219	long leg	$508K	$2.1M	50x
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2212	−0.310%	$825K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2211	−0.375%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0312%	1h	0.2212	−0.293%	$1.1M	$4.7M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2213	−0.292%	$469K	$2.6M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0523%	1h	0.2214	−0.207%	$997K	$2.9M	20x	as long as short