Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h +0.077%

Price spread now: Coinbase International against KuCoin−0.135%7-day average +0.140% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$840.840% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.240%+$24 on $10k

Price spread, last 3 days (all we have)+0.605%+$60 · spread now −0.135%, 7d avg +0.140%

Together, before fees+0.845%+$84 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.275% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.135% now, against its 7-day average of +0.140%). If the spread goes back, that is −$27 on $10k: about 6.5 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ARBUSDTM	0.2226	0.0100	pay 0.0100% / 8h	6h 23m	$19.7M	$15.8M	75x
Short	Coinbase International ARB-PERP-INTX	0.2223	0.0240	get 0.0030% / 1h	23m 36s	$508K	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against KuCoin. 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 KuCoinbpFee Coinbase InternationalbpOrdersPrice spread, now −0.135%Rate

Funding earned: $29.4
Price spread: −0.135% → +0.140%: −$27.48
Slippage, 4 orders: −$61.95
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$82.03
Costs to cover: 0.840%
Break-even: 26.5 days

Slippage from KuCoin: live order book, 10 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 KuCoin live order book, 10 min ago	1.13 bp	20.0 bp −$20	46.8 bp −$468	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	9.03 bp	22.5 bp −$22	42.4 bp −$424	doesn't fit	doesn't fit

ARB on 35 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	−0.1692%	1h	0.2203	−1.033%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0240%	1h	0.2225	−0.049%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0227%	1h	0.2215	−0.490%	$10K	$2.5M	5x	as long as short
Variational Omni ARB	−0.0171%	8h	0.2211	−0.661%	$1.9M	$2.9M	—	as long as short
MEXC ARB_USDT	−0.0121%	8h	0.2223	−0.157%	$39.6M	$60.1M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0121%	8h	0.2221	−0.211%	$22.4M	$157.0M	50x	as long as short
Gate ARB_USDT	−0.0082%	8h	0.2223	−0.121%	$5.4M	$19.9M	60x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0066%	1h	0.2216	−0.463%	$24K	$34K	25x	as long as short
Orderly PERP_ARB_USDC	−0.0061%	8h	0.2215	−0.494%	$12K	$382K	10x	as long as short
Bybit ARBUSDT	−0.0058%	8h	0.2223	−0.153%	$56.9M	$129.0M	50x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni ARBUSDT	−0.0028%	1h	0.2219	−0.314%	$120K	$286K	50x	as long as short
Binance ARBUSDT	−0.0004%	8h	0.2224	−0.078%	$64.9M	$317.7M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2225	−0.065%	$66K	$5K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2222	−0.161%	$355K	$2.5M	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0011%	1h	0.2216	−0.429%	$10K	—	150x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2216	−0.443%	$141K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2225	−0.054%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2224	−0.094%	$38.9M	$51.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2224	−0.089%	$662K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2225	−0.055%	$42K	$186K	10x	as long as short
KuCoin ARBUSDTMlong	+0.0100%	8h	0.2226	long leg	$19.7M	$15.8M	75x
Bitget ARBUSDT	+0.0100%	8h	0.2224	−0.090%	$21.3M	$36.4M	50x	as long as short
BingX ARB-USDC	+0.0100%	8h	0.2223	−0.135%	—	$6.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2211	−0.656%	$40K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2221	−0.226%	$473K	$3.7M	10x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2224	−0.099%	$76K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2219	−0.314%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2216	−0.440%	$297K	$997K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2215	−0.494%	$5.0M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTXshort	+0.0240%	1h	0.2223	−0.135%	$508K	$2.1M	50x
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2216	−0.427%	$827K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2222	−0.176%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0312%	1h	0.2216	−0.429%	$1.1M	$4.7M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2225	−0.043%	$481K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0524%	1h	0.2220	−0.274%	$1.0M	$2.9M	20x	as long as short