Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0188%/8h= −20.6% APRpaid last 24h −0.079%

Price spread now: HTX against Coinbase International−0.041%7-day average −0.161% · you buy dearer than you sell

Net, funding: paid 7d − costs−$140as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1151.149% of the position

Long on Coinbase International Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.249%−$25 on $10k

Price spread, last 4 days (all we have)−0.203%−$20 · spread now −0.041%, 7d avg −0.161%

Together, before fees−0.452%−$45 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.120% dearer against Coinbase International than usual: you sell high and buy low (spread −0.041% now, against its 7-day average of −0.161%): +$12 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ARB-PERP-INTX	0.2201	0.0288	pay 0.0036% / 1h	16m 47s	$509K	$1.6M	50x
Short	HTX ARB-USDT	0.2200	0.0100	get 0.0100% / 8h	2h 16m	$293K	$884K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.041%Rate

Funding earned: −$39.48
Price spread: −0.041% → −0.161%: $12.01
Slippage, 4 orders: −$92.87
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$142.34
Costs to cover: 1.149%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; HTX: live order book, 52 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	6.82 bp	21.2 bp −$21	56.7 bp −$567	doesn't fit	doesn't fit
Sell HTX live order book, 52 min ago	13.35 bp	36.0 bp −$36	doesn't fit	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	−0.1581%	1h	0.2189	−0.545%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0160%	1h	0.2198	−0.154%	$7K	$236	10x	as long as short
Variational Omni ARB	−0.0098%	8h	0.2185	−0.737%	$1.8M	$3.0M	—	as long as short
Polymarket Perps ARB-USD	−0.0082%	1h	0.2197	−0.173%	$78K	$2.1M	10x	as long as short
Bybit ARBUSDT	−0.0075%	8h	0.2205	+0.182%	$54.8M	$125.1M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0074%	1h	0.2199	−0.068%	$1.1M	$4.4M	50x	as long as short
MEXC ARB_USDT	−0.0056%	8h	0.2206	+0.223%	$41.8M	$61.6M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0055%	8h	0.2205	+0.182%	$21.8M	$144.8M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0047%	8h	0.2199	−0.091%	$12K	$408K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2197	−0.170%	$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	0.2200	−0.059%	$23K	$33K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2199	−0.091%	$44K	—	150x	as long as short
Bitget ARBUSDT	+0.0057%	8h	0.2205	+0.182%	$21.1M	$34.5M	50x	as long as short
Gate ARB_USDT	+0.0083%	8h	0.2206	+0.232%	$5.4M	$18.3M	60x	as long as short
BingX ARB-USDC	+0.0084%	8h	0.2206	+0.223%	—	$6.5M	—	as long as short
RISEx ARB/USDC	+0.0086%	1h	0.2198	−0.143%	$445K	$2.6M	10x	as long as short
Lighter ARB	+0.0096%	1h	0.2199	−0.082%	$1.3M	$5.5M	15x	as long as short
Extended ARB-USD	+0.0096%	1h	0.2205	+0.170%	$351K	$2.8M	25x	as long as short
Binance ARBUSDT	+0.0099%	8h	0.2206	+0.223%	$63.0M	$300.5M	75x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2207	+0.291%	$37.0M	$48.9M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2206	+0.224%	$635K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2198	−0.156%	$42K	$149K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2207	+0.273%	$19.7M	$14.4M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2187	−0.641%	$39K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2199	−0.099%	$472K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2199	−0.091%	$119K	$282K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2201	0.000%	$2K	$1.1M	30x	as long as short
SoDEX ARB-USD	+0.0100%	1h	0.2199	−0.095%	$9K	$2.2M	5x	as long as short
HTX ARB-USDTshort	+0.0100%	8h	0.2200	−0.041%	$293K	$884K	50x
Phemex ARBUSDT	+0.0100%	8h	0.2199	−0.091%	$4.9M	$12.8M	50x	as long as short
Aevo ARB-PERP	+0.0104%	1h	0.2199	−0.106%	$139K	$7K	3x	as long as short
BloFin ARB-USDT	+0.0219%	8h	0.2200	−0.045%	$3.0M	$2.4M	75x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0277% / S −0.0159%	1h	0.2198	−0.127%	$832K	—	150x	as long as short
Coinbase International ARB-PERP-INTXlong	+0.0288%	1h	0.2201	long leg	$509K	$1.6M	50x
Reya ARBRUSDPERP	+0.0289%	1h	0.2197	−0.189%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0732%	1h	0.2203	+0.114%	$988K	$2.8M	20x	as long as short