Funding arb · Price arb /

ARB

all ARB markets

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: SunX against Coinbase International+0.059%7-day average −0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$227as in the Funding arb table

Net, price: spread back to 7d avg − costs−$190as in the Price arb table

costs, in and out, $10k−$2022.025% of the position

Long on Coinbase International Short on SunX

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)−0.214%−$21 · spread now +0.059%, 7d avg −0.068%

Together, before fees−0.458%−$46 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.128% dearer against Coinbase International than usual: you sell high and buy low (spread +0.059% now, against its 7-day average of −0.068%): +$13 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ARB-PERP-INTX	0.2201	0.0224	pay 0.0028% / 1h	1m 38s	$490K	$1.8M	50x
Short	SunX ARB-USDT	0.2202	0.0100	get 0.0100% / 8h	4h 01m	$2K	$1.1M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$26.04
Price spread: +0.059% → −0.068%: $12.75
Slippage, 4 orders: −$184.48
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$215.77
Costs to cover: 2.025%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; SunX: live order book, 1 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	6.81 bp	28.4 bp −$28	43.9 bp −$439	doesn't fit	doesn't fit
Sell SunX live order book, 1 min ago	31.77 bp	93.4 bp −$93	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	−0.1649%	1h	0.2189	−0.532%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0168%	1h	0.2203	+0.091%	$7K	$2K	10x	as long as short
Polymarket Perps ARB-USD	−0.0153%	1h	0.2199	−0.077%	$86K	$2.1M	10x	as long as short
OKX ARB-USDT-SWAP	−0.0114%	8h	0.2202	+0.077%	$22.2M	$145.0M	50x	as long as short
MEXC ARB_USDT	−0.0113%	8h	0.2201	+0.009%	$41.6M	$60.9M	200x	as long as short
Variational Omni ARB	−0.0096%	8h	0.2192	−0.415%	$1.8M	$2.9M	—	as long as short
Orderly PERP_ARB_USDC	−0.0074%	8h	0.2199	−0.077%	$12K	$400K	10x	as long as short
Gate ARB_USDT	−0.0040%	8h	0.2203	+0.091%	$5.3M	$18.9M	60x	as long as short
Bybit ARBUSDT	−0.0036%	8h	0.2201	+0.027%	$55.4M	$124.7M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0006%	1h	0.2201	−0.002%	$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	+0.054%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2201	+0.018%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2201	+0.015%	$32K	—	150x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2201	+0.027%	$350K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0018%	8h	0.2202	+0.059%	$64.0M	$301.4M	75x	as long as short
SoDEX ARB-USD	+0.0029%	1h	0.2200	−0.018%	$10K	$2.2M	5x	as long as short
Bitget ARBUSDT	+0.0062%	8h	0.2202	+0.059%	$20.9M	$34.2M	50x	as long as short
BingX ARB-USDC	+0.0063%	8h	0.2199	−0.064%	—	$6.5M	—	as long as short
BloFin ARB-USDT	+0.0071%	8h	0.2201	+0.018%	$3.1M	$2.6M	75x	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2201	−0.006%	$140K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2201	+0.018%	$1.2M	$5.8M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2202	+0.055%	$37.8M	$48.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2200	−0.032%	$633K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2202	+0.050%	$42K	$168K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2202	+0.050%	$19.5M	$14.8M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2195	−0.278%	$38K	$464K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2195	−0.259%	$466K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2194	−0.304%	$118K	$284K	50x	as long as short
SunX ARB-USDTshort	+0.0100%	8h	0.2202	+0.059%	$2K	$1.1M	30x
HTX ARB-USDT	+0.0100%	8h	0.2200	−0.055%	$298K	$909K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2200	−0.032%	$5.0M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTXlong	+0.0224%	1h	0.2201	long leg	$490K	$1.8M	50x
RISEx ARB/USDC	+0.0225%	1h	0.2203	+0.114%	$476K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2201	−0.005%	$830K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2198	−0.100%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0609%	1h	0.2203	+0.118%	$992K	$2.8M	20x	as long as short