Funding you earn now, next payment 05:00 UTC−0.0216%/8h= −23.6% APRpaid last 24h −0.098%
Price spread now: Binance against Coinbase International−0.207%7-day average −0.160% · you buy dearer than you sell
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$530.526% of the position
Funding, last 7 days−0.392%−$39 on $10k
+Price spread, last 4 days (all we have)−0.617%−$62 · spread now −0.207%, 7d avg −0.160%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Binance is 0.047% cheaper against Coinbase International than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.160%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ARB-PERP-INTX | 0.2176 | 0.0288 | pay 0.0036% / 1h | 42m 00s | $499K | $1.6M | 50x |
| Short | Binance ARBUSDT | 0.2172 | 0.0072 | get 0.0072% / 8h | 2h 42m | $62.3M | $300.1M | 75x |
Coinbase International ARB-PERP-INTX
Binance ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$45.32
- Price spread: −0.207% → −0.160%
- −$4.71
- Slippage, 4 orders
- −$32.65
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$102.67
- Costs to cover
- 0.526%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 2 min ago; Binance: 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 | 6.42 bp | 20.0 bp −$20 | 50.2 bp −$502 | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 0.23 bp | 9.0 bp −$9 | 18.5 bp −$185 | 66.4 bp −$6,638 | 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 | −0.1581% | 1h | 0.2172 | −0.188% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0192% | 1h | 0.2176 | +0.005% | $7K | $236 | 10x | as long as short |
| Polymarket Perps ARB-USD | −0.0166% | 1h | 0.2175 | −0.041% | $72K | $2.1M | 10x | as long as short |
| Variational Omni ARB | −0.0103% | 8h | 0.2176 | +0.012% | $1.7M | $3.0M | — | as long as short |
| OKX ARB-USDT-SWAP | −0.0093% | 8h | 0.2171 | −0.216% | $21.6M | $141.6M | 50x | as long as short |
| MEXC ARB_USDT | −0.0093% | 8h | 0.2171 | −0.230% | $40.6M | $60.4M | 200x | as long as short |
| Bybit ARBUSDT | −0.0078% | 8h | 0.2170 | −0.280% | $54.0M | $123.6M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0075% | 1h | 0.2178 | +0.088% | $1.0M | $4.4M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0057% | 8h | 0.2178 | +0.087% | $12K | $409K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2180 | +0.165% | $64K | $5K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Polymarket Perps ARB-USD
Variational Omni ARB
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Bybit ARBUSDT
Kraken Futures PF_ARBUSD
Orderly PERP_ARB_USDC
dYdX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2178 | +0.087% | $23K | $33K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2178 | +0.066% | $43K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0043% | 8h | 0.2171 | −0.221% | $5.3M | $18.1M | 60x | as long as short |
| Bitget ARBUSDT | +0.0048% | 8h | 0.2170 | −0.280% | $20.7M | $34.1M | 50x | as long as short |
| Extended ARB-USD | +0.0072% | 1h | 0.2170 | −0.268% | $348K | $2.8M | 25x | as long as short |
| BingX ARB-USDT | +0.0072% | 8h | 0.2171 | −0.221% | — | $53.7M | — | as long as short |
| Binance ARBUSDTshort | +0.0072% | 8h | 0.2172 | −0.207% | $62.3M | $300.1M | 75x | |
| RISEx ARB/USDC | +0.0086% | 1h | 0.2178 | +0.074% | $440K | $2.6M | 10x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2171 | −0.239% | $1.2M | $5.5M | 15x | as long as short |
| Aevo ARB-PERP | +0.0096% | 1h | 0.2179 | +0.119% | $138K | $7K | 3x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2172 | −0.184% | $36.5M | $48.7M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2173 | −0.123% | $626K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2180 | +0.165% | $42K | $160K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2171 | −0.221% | $19.4M | $14.4M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2179 | +0.144% | $38K | $464K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2181 | +0.225% | $464K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2180 | +0.179% | $118K | $283K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2180 | +0.179% | $2K | $1.1M | 30x | as long as short |
| SoDEX ARB-USD | +0.0100% | 1h | 0.2177 | +0.051% | $10K | $2.2M | 5x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2172 | −0.198% | $289K | $894K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2172 | −0.188% | $4.9M | $12.6M | 50x | as long as short |
| BloFin ARB-USDT | +0.0192% | 8h | 0.2179 | +0.119% | $3.0M | $2.4M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2177 | +0.040% | $822K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTXlong | +0.0288% | 1h | 0.2176 | long leg | $499K | $1.6M | 50x | |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2176 | −0.025% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0668% | 1h | 0.2175 | −0.074% | $975K | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Bitget ARBUSDT
Extended ARB-USD
BingX ARB-USDT
RISEx ARB/USDC
Lighter ARB
Aevo ARB-PERP
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
SoDEX ARB-USD
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP