Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0205%/8h= −22.4% APRpaid last 24h −0.080%

Price spread now: BingX against Coinbase International−0.316%7-day average −0.191% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$560.556% of the position

Long on Coinbase International Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.285%−$29 on $10k

Price spread, last 3 days (all we have)−2.284%−$228 · spread now −0.316%, 7d avg −0.191%

Together, before fees−2.569%−$257 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 BingX is 0.125% cheaper against Coinbase International than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.191%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ARB-PERP-INTX	0.2214	0.0288	pay 0.0036% / 1h	55m 55s	$505K	$2.5M	50x
Short	BingX ARB-USDT	0.2207	0.0083	get 0.0083% / 8h	2h 55m	—	$54.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.316%Rate

Funding earned: −$43.05
Price spread: −0.316% → −0.191%: −$12.48
Slippage, 4 orders: −$35.61
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$111.14
Costs to cover: 0.556%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; BingX: live order book, 13 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	8.77 bp	20.7 bp −$21	36.8 bp −$368	doesn't fit	doesn't fit
Sell BingX live order book, 13 min ago	1.57 bp	6.6 bp −$7	9.5 bp −$95	20.2 bp −$2,015	48.5 bp −$24.3K

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	0.2204	−0.452%	$40K	$107K	12x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0293%	1h	0.2210	−0.185%	$36K	$18K	25x	as long as short
01 Exchange ARBUSD	−0.0272%	1h	0.2210	−0.181%	$7K	$2K	10x	as long as short
Bybit ARBUSDT	−0.0254%	8h	0.2207	−0.321%	$57.5M	$134.9M	50x	as long as short
Polymarket Perps ARB-USD	−0.0233%	1h	0.2211	−0.126%	$69K	$2.3M	10x	as long as short
Variational Omni ARB	−0.0198%	8h	0.2217	+0.121%	$1.9M	$2.8M	—	as long as short
SoDEX ARB-USD	−0.0175%	1h	0.2209	−0.235%	$4K	$2.9M	5x	as long as short
OKX ARB-USDT-SWAP	−0.0066%	8h	0.2207	−0.298%	$22.1M	$163.8M	50x	as long as short
MEXC ARB_USDT	−0.0063%	8h	0.2209	−0.239%	$37.4M	$62.9M	200x	as long as short
Kraken Futures PF_ARBUSD	−0.0054%	1h	0.2210	−0.169%	$1.1M	$5.2M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ARB_USDC	−0.0006%	8h	0.2210	−0.181%	$10K	$381K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2212	−0.091%	$65K	$4K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2208	−0.289%	$351K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0003%	8h	0.2208	−0.276%	$62.9M	$325.9M	75x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2211	−0.156%	$55K	—	150x	as long as short
BloFin ARB-USDT	+0.0017%	8h	0.2209	−0.217%	$3.0M	$3.2M	75x	as long as short
Gate ARB_USDT	+0.0026%	8h	0.2208	−0.253%	$5.4M	$21.4M	60x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2211	−0.133%	$145K	$12K	3x	as long as short
Bitget ARBUSDT	+0.0082%	8h	0.2207	−0.316%	$20.7M	$38.8M	50x	as long as short
BingX ARB-USDTshort	+0.0083%	8h	0.2207	−0.316%	—	$54.2M	—
ApeX Omni ARBUSDT	+0.0091%	1h	0.2223	+0.407%	$120K	$275K	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2210	−0.203%	$1.3M	$7.7M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2211	−0.145%	$39.7M	$53.2M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2210	−0.181%	$696K	$1.8M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2213	−0.040%	$46K	$206K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2210	−0.167%	$20.3M	$17.2M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2221	+0.323%	$38K	$447K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2221	+0.316%	$472K	$4.3M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2211	−0.136%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2209	−0.226%	$271K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2210	−0.181%	$5.3M	$13.8M	50x	as long as short
Coinbase International ARB-PERP-INTXlong	+0.0288%	1h	0.2214	long leg	$505K	$2.5M	50x
GMX ARB/USD [ARB-USDC]	L +0.0290% / S −0.0189%	1h	0.2210	−0.173%	$863K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0291%	1h	0.2210	−0.164%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0334%	1h	0.2212	−0.077%	$1.1M	$2.8M	20x	as long as short
RISEx ARB/USDC	+0.0546%	1h	0.2213	−0.050%	$486K	$2.9M	10x	as long as short