Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0124%/8h= −13.6% APRpaid last 24h −0.078%

Price spread now: KuCoin against Coinbase International−0.073%7-day average −0.138% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$930.930% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.244%−$24 on $10k

Price spread, last 4 days (all we have)−1.292%−$129 · spread now −0.073%, 7d avg −0.138%

Together, before fees−1.537%−$154 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.066% dearer against Coinbase International than usual: you sell high and buy low (spread −0.073% now, against its 7-day average of −0.138%): +$7 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ARB-PERP-INTX	0.2203	0.0224	pay 0.0028% / 1h	45m 39s	$493K	$2.0M	50x
Short	KuCoin ARBUSDTM	0.2201	0.0100	get 0.0100% / 8h	4h 45m	$19.5M	$15.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.073%Rate

Funding earned: −$26.04
Price spread: −0.073% → −0.138%: $6.58
Slippage, 4 orders: −$71.02
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$112.48
Costs to cover: 0.930%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; KuCoin: 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	6.82 bp	24.0 bp −$24	43.7 bp −$437	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	1.59 bp	23.7 bp −$24	49.0 bp −$490	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	−0.1649%	1h	0.2188	−0.681%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0152%	1h	0.2199	−0.168%	$7K	$2K	10x	as long as short
OKX ARB-USDT-SWAP	−0.0135%	8h	0.2200	−0.150%	$22.2M	$147.9M	50x	as long as short
MEXC ARB_USDT	−0.0134%	8h	0.2200	−0.132%	$40.6M	$59.6M	200x	as long as short
Polymarket Perps ARB-USD	−0.0122%	1h	0.2201	−0.109%	$90K	$2.1M	10x	as long as short
Variational Omni ARB	−0.0116%	8h	0.2201	−0.080%	$1.8M	$2.9M	—	as long as short
Gate ARB_USDT	−0.0109%	8h	0.2200	−0.113%	$5.3M	$18.7M	60x	as long as short
Orderly PERP_ARB_USDC	−0.0079%	8h	0.2202	−0.045%	$12K	$388K	10x	as long as short
Bybit ARBUSDT	−0.0050%	8h	0.2200	−0.113%	$55.7M	$125.9M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0006%	1h	0.2205	+0.073%	$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	0.2202	−0.064%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2203	+0.005%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2202	−0.044%	$32K	—	150x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2199	−0.182%	$351K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0013%	8h	0.2200	−0.153%	$64.2M	$306.3M	75x	as long as short
BloFin ARB-USDT	+0.0038%	8h	0.2200	−0.159%	$3.1M	$2.6M	75x	as long as short
SoDEX ARB-USD	+0.0052%	1h	0.2204	+0.054%	$10K	$2.3M	5x	as long as short
Bitget ARBUSDT	+0.0065%	8h	0.2199	−0.182%	$20.9M	$34.6M	50x	as long as short
BingX ARB-USDC	+0.0066%	8h	0.2201	−0.086%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2204	+0.039%	$140K	$7K	3x	as long as short
Phemex ARBUSDT	+0.0091%	8h	0.2203	0.000%	$4.9M	$12.9M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2201	−0.095%	$1.2M	$5.7M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2201	−0.073%	$38.1M	$48.8M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2201	−0.071%	$635K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2201	−0.101%	$43K	$169K	10x	as long as short
KuCoin ARBUSDTMshort	+0.0100%	8h	0.2201	−0.073%	$19.5M	$15.1M	75x
edgeX ARBUSDC	+0.0100%	4h	0.2199	−0.183%	$40K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2194	−0.409%	$468K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2193	−0.454%	$118K	$282K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2204	+0.045%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2205	+0.113%	$299K	$952K	50x	as long as short
Coinbase International ARB-PERP-INTXlong	+0.0224%	1h	0.2203	long leg	$493K	$2.0M	50x
RISEx ARB/USDC	+0.0225%	1h	0.2201	−0.097%	$476K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2202	−0.056%	$821K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2200	−0.131%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0636%	1h	0.2209	+0.263%	$998K	$2.8M	20x	as long as short