Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0132%/8h= −14.5% APRpaid last 24h −0.078%

Price spread now: edgeX against Coinbase International+0.138%7-day average −0.159% · you sell dearer than you buy

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$940.937% of the position

Long on Coinbase International Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.238%−$24 on $10k

Price spread, last 3 days (all we have)−0.753%−$75 · spread now +0.138%, 7d avg −0.159%

Together, before fees−0.991%+ Points / potential airdropedgeX: Active · farm board−$99 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.297% dearer against Coinbase International than usual: you sell high and buy low (spread +0.138% now, against its 7-day average of −0.159%): +$30 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 7.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ARB-PERP-INTX	0.2266	0.0232	pay 0.0029% / 1h	16m 32s	$521K	$2.3M	50x
Short	edgeX ARBUSDC	0.2269	0.0100	get 0.0050% / 4h	3h 16m	$41K	$462K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.138%Rate

Funding earned: −$27.72
Price spread: +0.138% → −0.159%: $29.73
Slippage, 4 orders: −$74.67
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$91.67
Costs to cover: 0.937%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; edgeX: live order book, 57 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	8.41 bp	27.9 bp −$28	38.4 bp −$384	doesn't fit	doesn't fit
Sell edgeX live order book, 57 min ago	13.23 bp	22.2 bp −$22	119.7 bp −$1,197	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	−0.1666%	1h	0.2252	−0.618%	$41K	$372K	12x	as long as short
Variational Omni ARB	−0.0201%	8h	0.2267	+0.025%	$2.0M	$2.8M	—	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0192%	1h	0.2262	−0.181%	$25K	$34K	25x	as long as short
01 Exchange ARBUSD	−0.0152%	1h	0.2264	−0.102%	$7K	$2K	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0137%	1h	0.2265	−0.063%	$1.2M	$4.9M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0111%	8h	0.2263	−0.128%	$23.0M	$157.9M	50x	as long as short
MEXC ARB_USDT	−0.0110%	8h	0.2265	−0.057%	$38.9M	$59.3M	200x	as long as short
Bybit ARBUSDT	−0.0106%	8h	0.2263	−0.146%	$58.9M	$126.8M	50x	as long as short
SoDEX ARB-USD	−0.0074%	1h	0.2261	−0.199%	$4K	$2.5M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0048%	8h	0.2262	−0.177%	$12K	$386K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2266	−0.018%	$67K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2263	−0.145%	$33K	—	150x	as long as short
Binance ARBUSDT	+0.0014%	8h	0.2264	−0.094%	$66.8M	$310.5M	75x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2263	−0.111%	$364K	$2.5M	25x	as long as short
BloFin ARB-USDT	+0.0055%	8h	0.2262	−0.190%	$3.1M	$2.9M	75x	as long as short
BingX ARB-USDT	+0.0088%	8h	0.2265	−0.062%	—	$54.3M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2264	−0.088%	$144K	$7K	3x	as long as short
Bitget ARBUSDT	+0.0091%	8h	0.2265	−0.044%	$21.7M	$35.8M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2267	+0.057%	$1.4M	$7.3M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2269	+0.124%	$41.1M	$47.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2264	−0.098%	$704K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2266	−0.004%	$45K	$184K	10x	as long as short
Gate ARB_USDT	+0.0100%	8h	0.2265	−0.031%	$5.5M	$19.9M	60x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2266	+0.009%	$19.7M	$15.8M	75x	as long as short
edgeX ARBUSDCshort	+0.0100%	4h	0.2269	+0.138%	$41K	$462K	20x
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2268	+0.092%	$483K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2267	+0.044%	$122K	$295K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2265	−0.049%	$65K	$2.0M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2263	−0.132%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2261	−0.207%	$295K	$980K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2263	−0.132%	$5.2M	$12.9M	50x	as long as short
Coinbase International ARB-PERP-INTXlong	+0.0232%	1h	0.2266	long leg	$521K	$2.3M	50x
GMX ARB/USD [ARB-USDC]	L +0.0288% / S −0.0175%	1h	0.2262	−0.175%	$895K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2262	−0.182%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0384%	1h	0.2266	−0.015%	$522K	$2.6M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0590%	1h	0.2267	+0.031%	$1.0M	$2.8M	20x	as long as short