Funding you earn now, next payment 21:00 UTC−0.0188%/8h= −20.6% APRpaid last 24h −0.080%
Price spread now: Aster against Coinbase International−0.523%7-day average −0.147% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$670.672% of the position
Funding, last 7 days−0.234%−$23 on $10k
+Price spread, last 3 days (all we have)−0.824%−$82 · spread now −0.523%, 7d avg −0.147%
=Together, before fees−1.057%+ Points / potential airdropAster: Stage 5 · farm board−$106 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Aster is 0.376% cheaper against Coinbase International than usual: you would sell low and buy high (−$38 if the spread goes back to its 7-day average of −0.147%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ARB-PERP-INTX | 0.2249 | 0.0288 | pay 0.0036% / 1h | 16m 41s | $504K | $2.5M | 50x |
| Short | Aster ARBUSDT | 0.2237 | 0.0100 | get 0.0100% / 8h | 2h 16m | $696K | $1.8M | 20x |
Coinbase International ARB-PERP-INTX
Aster ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster 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: −0.523% → −0.147%
- −$37.65
- Slippage, 4 orders
- −$49.22
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$144.34
- Costs to cover
- 0.672%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 2 min ago; Aster: 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 Coinbase International live order book, 2 min ago | 11.14 bp | 25.3 bp −$25 | 49.3 bp −$493 | doesn't fit | doesn't fit |
| Sell Aster live order book, 2 min ago | 2.68 bp | 8.6 bp −$9 | 19.9 bp −$199 | 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 | 0.2231 | −0.800% | $40K | $197K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0280% | 1h | 0.2240 | −0.405% | $7K | $2K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0196% | 1h | 0.2240 | −0.391% | $38K | $20K | 25x | as long as short |
| Variational Omni ARB | −0.0161% | 8h | 0.2240 | −0.395% | $1.9M | $2.8M | — | as long as short |
| Bybit ARBUSDT | −0.0157% | 8h | 0.2233 | −0.689% | $56.2M | $135.9M | 50x | as long as short |
| SoDEX ARB-USD | −0.0114% | 1h | 0.2238 | −0.480% | $4K | $2.9M | 5x | as long as short |
| OKX ARB-USDT-SWAP | −0.0103% | 8h | 0.2233 | −0.698% | $22.2M | $164.5M | 50x | as long as short |
| MEXC ARB_USDT | −0.0103% | 8h | 0.2233 | −0.711% | $37.2M | $63.8M | 200x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0053% | 1h | 0.2240 | −0.399% | $1.1M | $5.2M | 50x | as long as short |
| Polymarket Perps ARB-USD | −0.0032% | 1h | 0.2240 | −0.405% | $77K | $2.2M | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Deribit ARB_USDC-PERPETUAL
Variational Omni ARB
Bybit ARBUSDT
SoDEX ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Kraken Futures PF_ARBUSD
Polymarket Perps ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ARB_USDC | −0.0018% | 8h | 0.2239 | −0.445% | $11K | $388K | 10x | as long as short |
| Binance ARBUSDT | −0.0010% | 8h | 0.2235 | −0.631% | $63.6M | $324.6M | 75x | as long as short |
| Extended ARB-USD | −0.0008% | 1h | 0.2234 | −0.687% | $357K | $2.4M | 25x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2236 | −0.597% | $66K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2241 | −0.356% | $56K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0007% | 8h | 0.2235 | −0.640% | $5.5M | $21.6M | 60x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2241 | −0.376% | $146K | $12K | 3x | as long as short |
| Bitget ARBUSDT | +0.0088% | 8h | 0.2234 | −0.667% | $21.0M | $38.3M | 50x | as long as short |
| BingX ARB-USDT | +0.0088% | 8h | 0.2234 | −0.676% | — | $54.0M | — | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2235 | −0.605% | $1.3M | $7.7M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2236 | −0.574% | $40.0M | $52.8M | 10x | as long as short |
| Aster ARBUSDTshort | +0.0100% | 8h | 0.2237 | −0.523% | $696K | $1.8M | 20x | |
| Pacifica ARB | +0.0100% | 1h | 0.2235 | −0.605% | $47K | $199K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2235 | −0.609% | $20.5M | $17.0M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2244 | −0.230% | $40K | $456K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2244 | −0.234% | $483K | $4.1M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2242 | −0.311% | $121K | $297K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2239 | −0.445% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2246 | −0.116% | $276K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2239 | −0.445% | $5.3M | $13.7M | 50x | as long as short |
| BloFin ARB-USDT | +0.0110% | 8h | 0.2239 | −0.445% | $3.0M | $3.3M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0154% / S −0.0018% | 1h | 0.2241 | −0.373% | $849K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTXlong | +0.0288% | 1h | 0.2249 | long leg | $504K | $2.5M | 50x | |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2239 | −0.452% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0546% | 1h | 0.2236 | −0.562% | $496K | $2.8M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0575% | 1h | 0.2241 | −0.365% | $1.1M | $2.7M | 20x | as long as short |
Orderly PERP_ARB_USDC
Binance ARBUSDT
Extended ARB-USD
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Aevo ARB-PERP
Bitget ARBUSDT
BingX ARB-USDT
Lighter ARB
Hyperliquid ARB
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP