Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.078%

Price spread now: Coinbase International against edgeX+0.124%7-day average +0.162% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$860.863% of the position

Long on edgeX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.236%+$24 on $10k

Price spread, last 3 days (all we have)+0.478%+$48 · spread now +0.124%, 7d avg +0.162%

Together, before fees+0.714%+ Points / potential airdropedgeX: Active · farm board+$71 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.038% cheaper against edgeX than usual: you would sell low and buy high (spread +0.124% now, against its 7-day average of +0.162%). If the spread goes back, that is −$4 on $10k: about 26 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ARBUSDC	0.2278	0.0100	pay 0.0050% / 4h	28m 25s	$40K	$463K	20x
Short	Coinbase International ARB-PERP-INTX	0.2281	0.0216	get 0.0027% / 1h	28m 25s	$513K	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against edgeX. 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 edgeXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.124%Rate

Funding earned: $24.36
Price spread: +0.124% → +0.162%: −$3.77
Slippage, 4 orders: −$67.27
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$65.68
Costs to cover: 0.863%
Break-even: 25.9 days

Slippage from edgeX: live order book, 50 min ago; Coinbase International: live order book, 5 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 edgeX live order book, 50 min ago	13.40 bp	21.8 bp −$22	100.2 bp −$1,002	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	6.58 bp	23.1 bp −$23	47.3 bp −$473	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	0.2265	−0.578%	$41K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0267%	1h	0.2278	−0.021%	$75K	$2.0M	10x	as long as short
Variational Omni ARB	−0.0184%	8h	0.2276	−0.096%	$2.0M	$2.8M	—	as long as short
01 Exchange ARBUSD	−0.0168%	1h	0.2278	−0.016%	$7K	$2K	10x	as long as short
Bybit ARBUSDT	−0.0162%	8h	0.2277	−0.056%	$58.6M	$128.2M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0107%	8h	0.2277	−0.060%	$23.0M	$160.3M	50x	as long as short
MEXC ARB_USDT	−0.0107%	8h	0.2277	−0.051%	$38.3M	$59.7M	200x	as long as short
SoDEX ARB-USD	−0.0059%	1h	0.2278	−0.003%	$4K	$2.6M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0040%	8h	0.2277	−0.051%	$13K	$395K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2279	+0.046%	$67K	$4K	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	0.2279	+0.028%	$26K	$32K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2279	+0.036%	$55K	—	150x	as long as short
Gate ARB_USDT	+0.0005%	8h	0.2277	−0.056%	$5.5M	$20.2M	60x	as long as short
Binance ARBUSDT	+0.0015%	8h	0.2277	−0.034%	$66.8M	$312.6M	75x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2276	−0.076%	$363K	$2.3M	25x	as long as short
BloFin ARB-USDT	+0.0054%	8h	0.2277	−0.034%	$3.2M	$2.8M	75x	as long as short
Bitget ARBUSDT	+0.0065%	8h	0.2277	−0.051%	$21.5M	$35.9M	50x	as long as short
BingX ARB-USDC	+0.0067%	8h	0.2277	−0.047%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2280	+0.069%	$149K	$12K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2279	+0.028%	$1.4M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2281	+0.129%	$41.5M	$47.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2279	+0.042%	$710K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2280	+0.059%	$48K	$184K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2279	+0.023%	$19.8M	$16.1M	75x	as long as short
edgeX ARBUSDClong	+0.0100%	4h	0.2278	long leg	$40K	$463K	20x
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2277	−0.046%	$487K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2278	−0.008%	$123K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2283	+0.212%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2278	−0.003%	$291K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2279	+0.036%	$5.2M	$13.1M	50x	as long as short
Coinbase International ARB-PERP-INTXshort	+0.0216%	1h	0.2281	+0.124%	$513K	$2.3M	50x
Kraken Futures PF_ARBUSD	+0.0235%	1h	0.2279	+0.044%	$1.2M	$4.9M	50x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2276	−0.074%	$2K	$695	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0296% / S −0.0186%	1h	0.2279	+0.018%	$932K	—	150x	as long as short
RISEx ARB/USDC	+0.0330%	1h	0.2280	+0.096%	$504K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0494%	1h	0.2280	+0.093%	$927K	$2.8M	20x	as long as short