Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0363%/8h= −39.7% APRpaid last 24h −0.113%

Price spread now: MEXC against Coinbase International−0.111%7-day average −0.178% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$390.390% of the position

Long on Coinbase International Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.433%−$43 on $10k

Price spread, last 3 days (all we have)−0.897%−$90 · spread now −0.111%, 7d avg −0.178%

Together, before fees−1.331%−$133 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.066% dearer against Coinbase International than usual: you sell high and buy low (spread −0.111% now, against its 7-day average of −0.178%): +$7 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ARB-PERP-INTX	0.2243	0.0264	pay 0.0033% / 1h	37m 24s	$509K	$2.3M	50x
Short	MEXC ARB_USDT	0.2240	−0.0099	pay 0.0099% / 8h	1h 37m	$37.5M	$62.4M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.111%Rate

Funding earned: −$76.23
Price spread: −0.111% → −0.178%: $6.64
Slippage, 4 orders: −$29
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$108.59
Costs to cover: 0.390%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; MEXC: live order book, 2 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, 1 min ago	4.46 bp	20.9 bp −$21	38.1 bp −$381	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.22 bp	0.6 bp −$1	15.7 bp −$157	42.1 bp −$4,209	73.1 bp −$36.6K

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	−0.1770%	1h	0.2225	−0.802%	$40K	$283K	12x	as long as short
01 Exchange ARBUSD	−0.0224%	1h	0.2239	−0.174%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0162%	8h	0.2236	−0.295%	$1.9M	$2.8M	—	as long as short
Bybit ARBUSDT	−0.0140%	8h	0.2239	−0.174%	$57.7M	$135.3M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0100%	8h	0.2240	−0.134%	$22.4M	$163.1M	50x	as long as short
MEXC ARB_USDTshort	−0.0099%	8h	0.2240	−0.111%	$37.5M	$62.4M	200x
SoDEX ARB-USD	−0.0065%	1h	0.2240	−0.134%	$4K	$2.8M	5x	as long as short
Polymarket Perps ARB-USD	−0.0053%	1h	0.2239	−0.165%	$76K	$2.1M	10x	as long as short
Orderly PERP_ARB_USDC	−0.0027%	8h	0.2239	−0.178%	$10K	$393K	10x	as long as short
Extended ARB-USD	−0.0008%	1h	0.2239	−0.198%	$356K	$2.4M	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDT	−0.0007%	8h	0.2240	−0.143%	$63.9M	$322.2M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2242	−0.045%	$66K	$4K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2241	−0.103%	$26K	$32K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2241	−0.105%	$56K	—	150x	as long as short
Gate ARB_USDT	+0.0030%	8h	0.2240	−0.147%	$5.5M	$20.7M	60x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2241	−0.091%	$147K	$12K	3x	as long as short
BingX ARB-USDT	+0.0082%	8h	0.2239	−0.165%	—	$53.5M	—	as long as short
Bitget ARBUSDT	+0.0084%	8h	0.2240	−0.134%	$21.0M	$37.9M	50x	as long as short
Kraken Futures PF_ARBUSD	+0.0085%	1h	0.2243	−0.019%	$1.1M	$5.2M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2242	−0.062%	$1.3M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2242	−0.049%	$40.0M	$50.9M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2241	−0.111%	$696K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2242	−0.055%	$45K	$197K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2241	−0.103%	$20.6M	$16.8M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2237	−0.252%	$40K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2237	−0.252%	$481K	$4.0M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2237	−0.267%	$121K	$294K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2241	−0.089%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2242	−0.053%	$277K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2239	−0.178%	$5.2M	$13.5M	50x	as long as short
BloFin ARB-USDT	+0.0109%	8h	0.2240	−0.129%	$3.0M	$3.3M	75x	as long as short
Coinbase International ARB-PERP-INTXlong	+0.0264%	1h	0.2243	long leg	$509K	$2.3M	50x
GMX ARB/USD [ARB-USDC]	L +0.0275% / S −0.0158%	1h	0.2241	−0.085%	$841K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0291%	1h	0.2238	−0.207%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0363%	1h	0.2242	−0.066%	$494K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0639%	1h	0.2245	+0.098%	$1.1M	$2.7M	20x	as long as short