Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0273%/8h= +29.9% APRpaid last 24h +0.095%

Price spread now: Coinbase International against Gate+0.073%7-day average +0.175% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$800.803% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.413%+$41 on $10k

Price spread, last 4 days (all we have)+0.944%+$94 · spread now +0.073%, 7d avg +0.175%

Together, before fees+1.357%+$136 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.102% cheaper against Gate than usual: you would sell low and buy high (spread +0.073% now, against its 7-day average of +0.175%). If the spread goes back, that is −$10 on $10k: about 30 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ARB_USDT	0.2192	−0.0017	get 0.0017% / 8h	3h 33m	$5.3M	$18.1M	60x
Short	Coinbase International ARB-PERP-INTX	0.2194	0.0256	get 0.0032% / 1h	33m 20s	$494K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now +0.073%Rate

Funding earned: $57.33
Price spread: +0.073% → +0.175%: −$10.23
Slippage, 4 orders: −$55.35
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$33.25
Costs to cover: 0.803%
Break-even: 11.1 days

Slippage from Gate: 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 Gate live order book, 5 min ago	1.37 bp	18.0 bp −$18	26.1 bp −$261	94.7 bp −$9,465	doesn't fit
Sell Coinbase International live order book, 5 min ago	6.84 bp	18.3 bp −$18	33.6 bp −$336	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	−0.1589%	1h	0.2181	−0.515%	$39K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0165%	1h	0.2192	−0.018%	$69K	$2.1M	10x	as long as short
OKX ARB-USDT-SWAP	−0.0107%	8h	0.2192	−0.014%	$22.1M	$142.8M	50x	as long as short
MEXC ARB_USDT	−0.0106%	8h	0.2193	+0.009%	$41.9M	$60.5M	200x	as long as short
Variational Omni ARB	−0.0102%	8h	0.2183	−0.417%	$1.8M	$2.9M	—	as long as short
Orderly PERP_ARB_USDC	−0.0070%	8h	0.2192	−0.014%	$12K	$407K	10x	as long as short
Bybit ARBUSDT	−0.0055%	8h	0.2192	−0.014%	$55.3M	$123.5M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0050%	1h	0.2193	+0.013%	$1.1M	$4.4M	50x	as long as short
Gate ARB_USDTlong	−0.0017%	8h	0.2192	long leg	$5.3M	$18.1M	60x
dYdX ARB-USD	0.0000%	1h	0.2192	−0.036%	$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
01 Exchange ARBUSD	0.0000%	1h	0.2192	−0.005%	$7K	$2K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2192	+0.005%	$32K	—	150x	as long as short
Binance ARBUSDT	+0.0039%	8h	0.2193	+0.014%	$63.8M	$299.5M	75x	as long as short
Extended ARB-USD	+0.0040%	1h	0.2191	−0.065%	$349K	$2.5M	25x	as long as short
Bitget ARBUSDT	+0.0056%	8h	0.2191	−0.059%	$20.8M	$34.0M	50x	as long as short
BingX ARB-USDC	+0.0057%	8h	0.2191	−0.059%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2193	+0.049%	$139K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2193	+0.018%	$1.2M	$5.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2193	+0.018%	$37.4M	$48.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2192	−0.017%	$631K	$1.5M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2191	−0.061%	$42K	$159K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2193	+0.050%	$19.6M	$14.7M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2187	−0.262%	$38K	$464K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2186	−0.309%	$471K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2192	−0.014%	$118K	$283K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2195	+0.123%	$2K	$1.1M	30x	as long as short
SoDEX ARB-USD	+0.0100%	1h	0.2192	+0.005%	$10K	$2.2M	5x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2193	+0.055%	$298K	$885K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2192	−0.014%	$4.9M	$12.8M	50x	as long as short
Deribit ARB_USDC-PERPETUAL	+0.0115%	1h	0.2193	+0.055%	$24K	$34K	25x	as long as short
RISEx ARB/USDC	+0.0118%	1h	0.2193	+0.011%	$474K	$2.6M	10x	as long as short
BloFin ARB-USDT	+0.0156%	8h	0.2193	+0.036%	$3.1M	$2.5M	75x	as long as short
Coinbase International ARB-PERP-INTXshort	+0.0256%	1h	0.2194	+0.073%	$494K	$1.6M	50x
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2193	+0.013%	$827K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2190	−0.100%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0524%	1h	0.2194	+0.073%	$986K	$2.8M	20x	as long as short