Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0232%/8h= −25.4% APRpaid last 24h −0.084%

Price spread now: Bitget against Coinbase International0.000%7-day average −0.182% · you sell dearer than you buy

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$730.729% of the position

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.351%−$35 on $10k

Price spread, last 4 days (all we have)−0.851%−$85 · spread now 0.000%, 7d avg −0.182%

Together, before fees−1.202%−$120 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.182% dearer against Coinbase International than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.182%): +$18 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ARB-PERP-INTX	0.2211	0.0288	pay 0.0036% / 1h	50m 55s	$517K	$1.6M	50x
Short	Bitget ARBUSDT	0.2211	0.0056	get 0.0056% / 8h	1h 50m	$21.2M	$34.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$48.72
Price spread: 0.000% → −0.182%: $18.19
Slippage, 4 orders: −$50.85
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$103.38
Costs to cover: 0.729%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Bitget: live order book, 3 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	6.79 bp	30.0 bp −$30	50.4 bp −$504	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	2.26 bp	9.3 bp −$9	17.6 bp −$176	99.9 bp −$9,986	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	−0.1592%	1h	0.2197	−0.633%	$40K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0293%	1h	0.2209	−0.072%	$67K	$2.1M	10x	as long as short
SoDEX ARB-USD	−0.0090%	1h	0.2210	−0.027%	$9K	$2.2M	5x	as long as short
Variational Omni ARB	−0.0076%	8h	0.2216	+0.220%	$1.8M	$3.0M	—	as long as short
OKX ARB-USDT-SWAP	−0.0072%	8h	0.2211	+0.018%	$22.1M	$146.7M	50x	as long as short
01 Exchange ARBUSD	−0.0072%	1h	0.2208	−0.140%	$7K	$236	10x	as long as short
MEXC ARB_USDT	−0.0072%	8h	0.2210	−0.027%	$41.2M	$61.5M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0044%	8h	0.2211	0.000%	$13K	$405K	10x	as long as short
Bybit ARBUSDT	−0.0028%	8h	0.2212	+0.032%	$54.5M	$126.5M	50x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2208	−0.139%	$65K	$5K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2211	+0.009%	$28K	$38K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2211	+0.020%	$44K	—	150x	as long as short
RISEx ARB/USDC	+0.0056%	1h	0.2209	−0.102%	$467K	$2.6M	10x	as long as short
Bitget ARBUSDTshort	+0.0056%	8h	0.2211	0.000%	$21.2M	$34.9M	50x
Gate ARB_USDT	+0.0069%	8h	0.2211	+0.009%	$5.4M	$18.3M	60x	as long as short
Extended ARB-USD	+0.0088%	1h	0.2211	−0.006%	$352K	$2.8M	25x	as long as short
Binance ARBUSDT	+0.0091%	8h	0.2211	+0.018%	$63.3M	$301.8M	75x	as long as short
Lighter ARB	+0.0096%	1h	0.2211	+0.009%	$1.3M	$5.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2213	+0.095%	$37.4M	$49.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2211	+0.011%	$635K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2208	−0.155%	$43K	$150K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2212	+0.036%	$19.7M	$14.4M	75x	as long as short
BingX ARB-USDC	+0.0100%	8h	0.2211	+0.005%	—	$6.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2209	−0.095%	$39K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2211	+0.014%	$480K	$3.7M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2210	−0.045%	$119K	$282K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2208	−0.136%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2210	−0.068%	$295K	$874K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2210	−0.045%	$5.0M	$12.8M	50x	as long as short
Aevo ARB-PERP	+0.0104%	1h	0.2212	+0.023%	$140K	$7K	3x	as long as short
BloFin ARB-USDT	+0.0211%	8h	0.2210	−0.050%	$3.1M	$2.3M	75x	as long as short
Kraken Futures PF_ARBUSD	+0.0230%	1h	0.2212	+0.050%	$1.1M	$4.5M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2212	+0.047%	$834K	—	150x	as long as short
Coinbase International ARB-PERP-INTXlong	+0.0288%	1h	0.2211	long leg	$517K	$1.6M	50x
Reya ARBRUSDPERP	+0.0289%	1h	0.2209	−0.073%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0532%	1h	0.2215	+0.176%	$993K	$2.8M	20x	as long as short