ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0208%/8h= −22.8% APRnext payment −$0.26 per $10,000 · paid last 24h −0.097%

Price spread now: Extended against Coinbase International−0.287%7-day average −0.264% · you buy dearer than you sell

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$780.778% of the position

Long on Coinbase International Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.372%−$37 on $10k

Price spread, last 3 days (all we have)−0.627%−$63 · spread now −0.287%, 7d avg −0.264%

Together, before fees−0.999%+ Points / potential airdropExtended: Active · farm board−$100 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 Extended is 0.022% cheaper against Coinbase International than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.264%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ARB-PERP-INTX	0.2285	0.0216	pay 0.0027% / 1h	30m 23s	$514K	$2.3M	50x
Short	Extended ARB-USD	0.2278	0.0008	get 0.0001% / 1h	30m 23s	$363K	$2.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.287%Rate

Funding earned: −$43.68
Price spread: −0.287% → −0.264%: −$2.25
Slippage, 4 orders: −$62.81
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$123.74
Costs to cover: 0.778%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Extended: 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	6.58 bp	19.0 bp −$19	36.9 bp −$369	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	15.37 bp	17.9 bp −$18	74.8 bp −$748	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	−0.1785%	1h	0.2270	−0.656%	$41K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0271%	1h	0.2278	−0.289%	$75K	$2.0M	10x	as long as short
Variational Omni ARB	−0.0184%	8h	0.2276	−0.394%	$2.0M	$2.8M	—	as long as short
01 Exchange ARBUSD	−0.0168%	1h	0.2279	−0.258%	$7K	$2K	10x	as long as short
Bybit ARBUSDT	−0.0161%	8h	0.2277	−0.346%	$58.6M	$128.5M	50x	as long as short
MEXC ARB_USDT	−0.0108%	8h	0.2279	−0.280%	$38.3M	$59.7M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0106%	8h	0.2278	−0.328%	$23.0M	$160.4M	50x	as long as short
SoDEX ARB-USD	−0.0072%	1h	0.2277	−0.350%	$4K	$2.6M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0040%	8h	0.2279	−0.263%	$13K	$395K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2279	−0.273%	$67K	$4K	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	0.2278	−0.319%	$26K	$32K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2280	−0.239%	$55K	—	150x	as long as short
Gate ARB_USDT	+0.0007%	8h	0.2278	−0.293%	$5.5M	$20.2M	60x	as long as short
Extended ARB-USDshort	+0.0008%	1h	0.2278	−0.287%	$363K	$2.3M	25x
Binance ARBUSDT	+0.0012%	8h	0.2279	−0.259%	$66.8M	$313.0M	75x	as long as short
BloFin ARB-USDT	+0.0043%	8h	0.2276	−0.394%	$3.1M	$2.8M	75x	as long as short
Bitget ARBUSDT	+0.0065%	8h	0.2277	−0.350%	$21.5M	$35.9M	50x	as long as short
BingX ARB-USDC	+0.0067%	8h	0.2278	−0.298%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2278	−0.314%	$149K	$12K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2280	−0.228%	$1.4M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2282	−0.149%	$41.5M	$47.3M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2278	−0.296%	$710K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2279	−0.283%	$48K	$185K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2279	−0.254%	$19.8M	$16.2M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2278	−0.299%	$40K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2278	−0.292%	$486K	$3.7M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2278	−0.306%	$123K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2280	−0.219%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2277	−0.346%	$291K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2277	−0.350%	$5.2M	$13.1M	50x	as long as short
Coinbase International ARB-PERP-INTXlong	+0.0216%	1h	0.2285	long leg	$514K	$2.3M	50x
Kraken Futures PF_ARBUSD	+0.0235%	1h	0.2278	−0.287%	$1.2M	$4.9M	50x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2277	−0.348%	$2K	$695	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0296% / S −0.0186%	1h	0.2280	−0.225%	$932K	—	150x	as long as short
RISEx ARB/USDC	+0.0330%	1h	0.2282	−0.129%	$505K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0485%	1h	0.2279	−0.263%	$927K	$2.8M	20x	as long as short