ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0188%/8h= −20.6% APRnext payment −$0.24 per $10,000 · paid last 24h −0.129%

Price spread now: SoDEX against Coinbase International−0.009%7-day average −0.165% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$490.486% of the position

Long on Coinbase International Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.325%−$32 on $10k

Price spread, last 4 days (all we have)−0.200%−$20 · spread now −0.009%, 7d avg −0.165%

Together, before fees−0.525%−$53 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SoDEX is 0.156% dearer against Coinbase International than usual: you sell high and buy low (spread −0.009% now, against its 7-day average of −0.165%): +$16 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ARB-PERP-INTX	0.2185	0.0288	pay 0.0036% / 1h	55m 31s	$500K	$1.6M	50x
Short	SoDEX ARB-USD	0.2185	0.0100	get 0.0013% / 1h	55m 31s	$10K	$2.2M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$39.48
Price spread: −0.009% → −0.165%: $15.62
Slippage, 4 orders: −$30.58
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$72.43
Costs to cover: 0.486%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; SoDEX: 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	6.89 bp	20.5 bp −$20	43.2 bp −$432	doesn't fit	doesn't fit
Sell SoDEX live order book, 3 min ago	0.23 bp	5.4 bp −$5	18.3 bp −$183	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	0.2168	−0.778%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0200%	1h	0.2180	−0.233%	$7K	$819	10x	as long as short
Polymarket Perps ARB-USD	−0.0179%	1h	0.2180	−0.233%	$78K	$2.1M	10x	as long as short
Variational Omni ARB	−0.0095%	8h	0.2182	−0.130%	$1.8M	$3.0M	—	as long as short
OKX ARB-USDT-SWAP	−0.0093%	8h	0.2180	−0.206%	$21.7M	$142.4M	50x	as long as short
MEXC ARB_USDT	−0.0093%	8h	0.2181	−0.192%	$41.1M	$60.1M	200x	as long as short
Kraken Futures PF_ARBUSD	−0.0074%	1h	0.2186	+0.033%	$1.1M	$4.4M	50x	as long as short
Bybit ARBUSDT	−0.0061%	8h	0.2179	−0.256%	$54.3M	$123.7M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0059%	8h	0.2185	0.000%	$12K	$407K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2184	−0.055%	$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	0.2185	+0.023%	$24K	$31K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2182	−0.153%	$44K	—	150x	as long as short
Gate ARB_USDT	+0.0019%	8h	0.2182	−0.133%	$5.4M	$18.0M	60x	as long as short
Bitget ARBUSDT	+0.0048%	8h	0.2180	−0.229%	$20.8M	$34.1M	50x	as long as short
BingX ARB-USDT	+0.0070%	8h	0.2181	−0.165%	—	$53.7M	—	as long as short
Extended ARB-USD	+0.0072%	1h	0.2180	−0.221%	$348K	$2.8M	25x	as long as short
Binance ARBUSDT	+0.0073%	8h	0.2182	−0.142%	$62.7M	$300.6M	75x	as long as short
RISEx ARB/USDC	+0.0086%	1h	0.2182	−0.158%	$442K	$2.6M	10x	as long as short
Lighter ARB	+0.0096%	1h	0.2182	−0.114%	$1.2M	$5.5M	15x	as long as short
Aevo ARB-PERP	+0.0096%	1h	0.2186	+0.029%	$139K	$7K	3x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2182	−0.142%	$36.9M	$48.8M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2182	−0.130%	$629K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2182	−0.119%	$42K	$160K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2182	−0.142%	$19.5M	$14.5M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2184	−0.063%	$39K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2185	−0.015%	$475K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2185	0.000%	$118K	$283K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2186	+0.046%	$2K	$1.1M	30x	as long as short
SoDEX ARB-USDshort	+0.0100%	1h	0.2185	−0.009%	$10K	$2.2M	5x
HTX ARB-USDT	+0.0100%	8h	0.2186	+0.055%	$295K	$887K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2185	0.000%	$4.9M	$12.8M	50x	as long as short
BloFin ARB-USDT	+0.0190%	8h	0.2188	+0.114%	$3.0M	$2.5M	75x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0277% / S −0.0160%	1h	0.2182	−0.155%	$829K	—	150x	as long as short
Coinbase International ARB-PERP-INTXlong	+0.0288%	1h	0.2185	long leg	$500K	$1.6M	50x
Reya ARBRUSDPERP	+0.0289%	1h	0.2179	−0.252%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0688%	1h	0.2187	+0.096%	$981K	$2.8M	20x	as long as short