Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0272%/8h= −29.8% APRpaid last 24h −0.094%

Price spread now: Gate against Coinbase International−0.136%7-day average −0.174% · you buy dearer than you sell

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$770.768% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.410%−$41 on $10k

Price spread, last 4 days (all we have)−1.344%−$134 · spread now −0.136%, 7d avg −0.174%

Together, before fees−1.754%−$175 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.038% dearer against Coinbase International than usual: you sell high and buy low (spread −0.136% now, against its 7-day average of −0.174%): +$4 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ARB-PERP-INTX	0.2198	0.0224	pay 0.0028% / 1h	4m 55s	$487K	$1.9M	50x
Short	Gate ARB_USDT	0.2195	−0.0048	pay 0.0048% / 8h	4h 04m	$5.3M	$18.8M	60x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.136%Rate

Funding earned: −$57.12
Price spread: −0.136% → −0.174%: $3.76
Slippage, 4 orders: −$51.78
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$130.14
Costs to cover: 0.768%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Gate: live order book, 4 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, 4 min ago	10.23 bp	24.1 bp −$24	45.4 bp −$454	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	1.59 bp	12.4 bp −$12	23.5 bp −$235	80.2 bp −$8,016	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	−0.1649%	1h	0.2186	−0.546%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0168%	1h	0.2195	−0.141%	$7K	$2K	10x	as long as short
Polymarket Perps ARB-USD	−0.0158%	1h	0.2195	−0.155%	$86K	$2.2M	10x	as long as short
MEXC ARB_USDT	−0.0118%	8h	0.2195	−0.123%	$41.5M	$60.9M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0117%	8h	0.2195	−0.146%	$22.1M	$145.0M	50x	as long as short
Variational Omni ARB	−0.0096%	8h	0.2192	−0.293%	$1.8M	$2.9M	—	as long as short
Orderly PERP_ARB_USDC	−0.0075%	8h	0.2196	−0.091%	$12K	$400K	10x	as long as short
Gate ARB_USDTshort	−0.0048%	8h	0.2195	−0.136%	$5.3M	$18.8M	60x
Bybit ARBUSDT	−0.0032%	8h	0.2194	−0.177%	$55.3M	$125.2M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0006%	1h	0.2197	−0.059%	$1.1M	$4.4M	50x	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	0.2195	−0.115%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2197	−0.041%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2196	−0.073%	$32K	—	150x	as long as short
Binance ARBUSDT	+0.0020%	8h	0.2195	−0.119%	$63.8M	$302.0M	75x	as long as short
Extended ARB-USD	+0.0024%	1h	0.2194	−0.182%	$348K	$2.5M	25x	as long as short
SoDEX ARB-USD	+0.0028%	1h	0.2196	−0.109%	$10K	$2.3M	5x	as long as short
Bitget ARBUSDT	+0.0061%	8h	0.2195	−0.136%	$20.8M	$34.3M	50x	as long as short
BingX ARB-USDC	+0.0063%	8h	0.2195	−0.136%	—	$6.5M	—	as long as short
BloFin ARB-USDT	+0.0081%	8h	0.2195	−0.123%	$3.1M	$2.6M	75x	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2197	−0.058%	$139K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2196	−0.096%	$1.2M	$5.8M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2197	−0.059%	$37.7M	$48.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2198	−0.008%	$633K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2195	−0.118%	$42K	$168K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2196	−0.077%	$19.5M	$14.9M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2195	−0.150%	$38K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2195	−0.136%	$466K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2194	−0.182%	$118K	$284K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2198	0.000%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2197	−0.050%	$298K	$909K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2197	−0.045%	$5.0M	$12.9M	50x	as long as short
Coinbase International ARB-PERP-INTXlong	+0.0224%	1h	0.2198	long leg	$487K	$1.9M	50x
RISEx ARB/USDC	+0.0225%	1h	0.2197	−0.066%	$464K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2197	−0.057%	$829K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2194	−0.164%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0607%	1h	0.2199	+0.050%	$990K	$2.8M	20x	as long as short