Funding you earn now, next payment 21:00 UTC−0.0188%/8h= −20.6% APRnext payment −$0.24 per $10,000 · paid last 24h −0.086%
Price spread now: ApeX Omni against Coinbase International−0.241%7-day average −0.146% · you buy dearer than you sell
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$870.873% of the position
Funding, last 7 days−0.247%−$25 on $10k
+Price spread, last 3 days (all we have)−1.292%−$129 · spread now −0.241%, 7d avg −0.146%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and ApeX Omni is 0.095% cheaper against Coinbase International than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.146%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ARB-PERP-INTX | 0.2240 | 0.0288 | pay 0.0036% / 1h | 33m 03s | $500K | $2.5M | 50x |
| Short | ApeX Omni ARBUSDT | 0.2235 | 0.0100 | get 0.0013% / 1h | 33m 03s | $121K | $297K | 50x |
Coinbase International ARB-PERP-INTX
ApeX Omni ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$39.48
- Price spread: −0.241% → −0.146%
- −$9.46
- Slippage, 4 orders
- −$67.3
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$136.24
- Costs to cover
- 0.873%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 1 min ago; ApeX Omni: live order book, 54 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, 1 min ago | 8.47 bp | 28.9 bp −$29 | 45.8 bp −$458 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 54 min ago | 6.64 bp | 15.6 bp −$16 | 106.5 bp −$1,065 | 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 | −0.1675% | 1h | 0.2223 | −0.777% | $40K | $197K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0296% | 1h | 0.2242 | +0.080% | $7K | $2K | 10x | as long as short |
| Bybit ARBUSDT | −0.0201% | 8h | 0.2242 | +0.054% | $56.5M | $136.3M | 50x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0196% | 1h | 0.2244 | +0.143% | $37K | $18K | 25x | as long as short |
| Variational Omni ARB | −0.0178% | 8h | 0.2229 | −0.488% | $1.9M | $2.8M | — | as long as short |
| OKX ARB-USDT-SWAP | −0.0077% | 8h | 0.2240 | +0.004% | $22.3M | $166.1M | 50x | as long as short |
| MEXC ARB_USDT | −0.0075% | 8h | 0.2241 | +0.045% | $37.7M | $63.4M | 200x | as long as short |
| SoDEX ARB-USD | −0.0053% | 1h | 0.2241 | +0.027% | $4K | $2.9M | 5x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0053% | 1h | 0.2242 | +0.093% | $1.1M | $5.3M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0012% | 8h | 0.2242 | +0.071% | $10K | $387K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Bybit ARBUSDT
Deribit ARB_USDC-PERPETUAL
Variational Omni ARB
OKX ARB-USDT-SWAP
MEXC ARB_USDT
SoDEX ARB-USD
Kraken Futures PF_ARBUSD
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ARB-USD | −0.0003% | 1h | 0.2244 | +0.165% | $77K | $2.3M | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2241 | +0.044% | $66K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2244 | +0.170% | $55K | — | 150x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2241 | +0.010% | $357K | $2.5M | 25x | as long as short |
| Gate ARB_USDT | +0.0008% | 8h | 0.2242 | +0.071% | $5.5M | $21.6M | 60x | as long as short |
| Binance ARBUSDT | +0.0010% | 8h | 0.2241 | +0.031% | $63.7M | $325.9M | 75x | as long as short |
| BloFin ARB-USDT | +0.0042% | 8h | 0.2241 | +0.009% | $3.0M | $3.3M | 75x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2244 | +0.156% | $147K | $12K | 3x | as long as short |
| BingX ARB-USDC | +0.0084% | 8h | 0.2242 | +0.071% | — | $6.5M | — | as long as short |
| Bitget ARBUSDT | +0.0085% | 8h | 0.2240 | −0.018% | $21.0M | $38.7M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2243 | +0.112% | $1.3M | $7.7M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2244 | +0.170% | $40.2M | $53.1M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2243 | +0.104% | $698K | $1.8M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2240 | −0.023% | $46K | $205K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2244 | +0.174% | $20.8M | $17.1M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2236 | −0.195% | $36K | $452K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2237 | −0.155% | $483K | $4.1M | 10x | as long as short |
| ApeX Omni ARBUSDTshort | +0.0100% | 1h | 0.2235 | −0.241% | $121K | $297K | 50x | |
| SunX ARB-USDT | +0.0100% | 8h | 0.2245 | +0.205% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2244 | +0.174% | $276K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2243 | +0.116% | $5.3M | $13.8M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0168% | 1h | 0.2245 | +0.187% | $823K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTXlong | +0.0288% | 1h | 0.2240 | long leg | $500K | $2.5M | 50x | |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2244 | +0.140% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0546% | 1h | 0.2244 | +0.181% | $493K | $2.9M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0564% | 1h | 0.2246 | +0.250% | $1.1M | $2.7M | 20x | as long as short |
Polymarket Perps ARB-USD
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Gate ARB_USDT
Binance ARBUSDT
BloFin ARB-USDT
Aevo ARB-PERP
BingX ARB-USDC
Bitget ARBUSDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP