ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0408%/8h= −44.7% APRpaid last 24h −0.085%

Price spread now: Variational Omni against Coinbase International−0.197%7-day average −0.166% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.242%−$24 on $10k

Price spread, last 3 days (all we have)−0.547%−$55 · spread now −0.197%, 7d avg −0.166%

Together, before fees−0.789%+ Points / potential airdropVariational Omni: Active · farm board−$79 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Variational Omni is 0.032% cheaper against Coinbase International than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.166%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ARB-PERP-INTX	0.2268	0.0216	pay 0.0027% / 1h	10m 08s	$512K	$2.3M	50x
Short	Variational Omni ARB	0.2264	−0.0192	pay 0.0192% / 8h	10m 08s	$2.0M	$2.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.197%Rate

Funding earned: −$85.66
Price spread: −0.197% → −0.166%: −$3.17
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$98.83
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 4 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

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, 4 min ago	5.29 bp	21.0 bp −$21	41.3 bp −$413	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	4.40 bp	doesn't fit	17.6 bp −$176	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	−0.1785%	1h	0.2258	−0.441%	$41K	$372K	12x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0279%	1h	0.2265	−0.123%	$25K	$34K	25x	as long as short
Polymarket Perps ARB-USD	−0.0246%	1h	0.2266	−0.066%	$68K	$2.0M	10x	as long as short
01 Exchange ARBUSD	−0.0200%	1h	0.2265	−0.128%	$7K	$2K	10x	as long as short
Variational Omni ARBshort	−0.0192%	8h	0.2264	−0.197%	$2.0M	$2.8M	—
Bybit ARBUSDT	−0.0175%	8h	0.2263	−0.229%	$58.3M	$128.2M	50x	as long as short
SoDEX ARB-USD	−0.0175%	1h	0.2264	−0.185%	$4K	$2.6M	5x	as long as short
OKX ARB-USDT-SWAP	−0.0113%	8h	0.2264	−0.194%	$22.8M	$159.3M	50x	as long as short
MEXC ARB_USDT	−0.0110%	8h	0.2264	−0.181%	$38.5M	$60.1M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0041%	8h	0.2264	−0.176%	$13K	$394K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ARB_USDT	−0.0013%	8h	0.2265	−0.132%	$5.4M	$20.3M	60x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2269	+0.029%	$67K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2266	−0.070%	$56K	—	150x	as long as short
Binance ARBUSDT	+0.0007%	8h	0.2263	−0.203%	$66.6M	$313.6M	75x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2263	−0.201%	$361K	$2.3M	25x	as long as short
BloFin ARB-USDT	+0.0028%	8h	0.2266	−0.093%	$3.2M	$2.8M	75x	as long as short
Bitget ARBUSDT	+0.0055%	8h	0.2264	−0.176%	$21.3M	$36.0M	50x	as long as short
BingX ARB-USDC	+0.0059%	8h	0.2263	−0.220%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2266	−0.110%	$148K	$12K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2266	−0.079%	$1.4M	$7.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2267	−0.035%	$41.0M	$47.8M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2266	−0.088%	$707K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2269	+0.026%	$47K	$184K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2265	−0.119%	$19.7M	$16.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2268	+0.019%	$40K	$460K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2269	+0.044%	$487K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2268	0.000%	$122K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2269	+0.044%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2264	−0.168%	$291K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2266	−0.088%	$5.2M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTXlong	+0.0216%	1h	0.2268	long leg	$512K	$2.3M	50x
Kraken Futures PF_ARBUSD	+0.0236%	1h	0.2266	−0.068%	$1.1M	$4.9M	50x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2263	−0.223%	$2K	$695	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0297% / S −0.0186%	1h	0.2266	−0.090%	$926K	—	150x	as long as short
RISEx ARB/USDC	+0.0330%	1h	0.2269	+0.046%	$516K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0467%	1h	0.2268	−0.018%	$1.0M	$2.8M	20x	as long as short