Funding you earn now, next payment 03:00 UTC+0.0208%/8h= +22.8% APRnext payment +$0.26 per $10,000 · paid last 24h +0.098%
Price spread now: Coinbase International against Extended+0.448%7-day average +0.262% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$780.784% of the position
Funding, last 7 days+0.383%+$38 on $10k
+Price spread, last 4 days (all we have)+1.109%+$111 · spread now +0.448%, 7d avg +0.262%
=Together, before fees+1.492%+ Points / potential airdropExtended: Active · farm board+$149 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Coinbase International is 0.186% dearer against Extended than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.262%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ARB-USD | 0.2203 | 0.0016 | pay 0.0002% / 1h | 28m 45s | $352K | $2.5M | 25x |
| Short | Coinbase International ARB-PERP-INTX | 0.2213 | 0.0224 | get 0.0028% / 1h | 28m 45s | $494K | $2.0M | 50x |
Extended ARB-USD
Coinbase International ARB-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $43.68
- Price spread: +0.448% → +0.262%
- $18.59
- Slippage, 4 orders
- −$63.37
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$16.1
- Costs to cover
- 0.784%
- Break-even
- 9.6 days
Slippage from Extended: live order book, 5 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 Extended live order book, 5 min ago | 15.98 bp | 18.5 bp −$18 | 79.2 bp −$792 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 5 min ago | 4.55 bp | 17.9 bp −$18 | 36.1 bp −$361 | 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 | 0.2206 | +0.130% | $40K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0168% | 1h | 0.2210 | +0.330% | $7K | $2K | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0131% | 8h | 0.2204 | +0.030% | $22.2M | $148.8M | 50x | as long as short |
| MEXC ARB_USDT | −0.0131% | 8h | 0.2205 | +0.062% | $42.1M | $60.7M | 200x | as long as short |
| Polymarket Perps ARB-USD | −0.0117% | 1h | 0.2212 | +0.416% | $90K | $2.2M | 10x | as long as short |
| Variational Omni ARB | −0.0107% | 8h | 0.2202 | −0.040% | $1.8M | $2.9M | — | as long as short |
| Orderly PERP_ARB_USDC | −0.0074% | 8h | 0.2214 | +0.493% | $12K | $395K | 10x | as long as short |
| Gate ARB_USDT | −0.0073% | 8h | 0.2206 | +0.130% | $5.3M | $18.8M | 60x | as long as short |
| Bybit ARBUSDT | −0.0028% | 8h | 0.2204 | +0.039% | $55.6M | $126.9M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0006% | 1h | 0.2214 | +0.487% | $1.1M | $4.4M | 50x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Polymarket Perps ARB-USD
Variational Omni ARB
Orderly PERP_ARB_USDC
Gate ARB_USDT
Bybit ARBUSDT
Kraken Futures PF_ARBUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2205 | +0.066% | $65K | $5K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2215 | +0.525% | $24K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2215 | +0.527% | $32K | — | 150x | as long as short |
| Extended ARB-USDlong | +0.0016% | 1h | 0.2203 | long leg | $352K | $2.5M | 25x | |
| Binance ARBUSDT | +0.0017% | 8h | 0.2204 | +0.046% | $64.1M | $307.8M | 75x | as long as short |
| BloFin ARB-USDT | +0.0059% | 8h | 0.2211 | +0.352% | $3.1M | $2.6M | 75x | as long as short |
| BingX ARB-USDC | +0.0064% | 8h | 0.2210 | +0.311% | — | $6.5M | — | as long as short |
| Bitget ARBUSDT | +0.0066% | 8h | 0.2207 | +0.175% | $21.0M | $34.9M | 50x | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2215 | +0.538% | $140K | $7K | 3x | as long as short |
| SoDEX ARB-USD | +0.0093% | 1h | 0.2213 | +0.429% | $10K | $2.3M | 5x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2206 | +0.125% | $1.2M | $5.7M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2207 | +0.162% | $37.9M | $48.9M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2208 | +0.212% | $635K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2205 | +0.070% | $42K | $169K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2207 | +0.162% | $19.6M | $15.0M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2203 | −0.018% | $40K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2204 | +0.039% | $477K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2195 | −0.369% | $118K | $284K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2216 | +0.584% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2213 | +0.434% | $300K | $952K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2210 | +0.311% | $4.9M | $13.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTXshort | +0.0224% | 1h | 0.2213 | +0.448% | $494K | $2.0M | 50x | |
| RISEx ARB/USDC | +0.0225% | 1h | 0.2212 | +0.384% | $464K | $2.6M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0274% / S −0.0157% | 1h | 0.2215 | +0.529% | $828K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2214 | +0.498% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0647% | 1h | 0.2214 | +0.479% | $997K | $2.8M | 20x | as long as short |
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
BloFin ARB-USDT
BingX ARB-USDC
Bitget ARBUSDT
Aevo ARB-PERP
SoDEX ARB-USD
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP