Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0360%/8h= +39.4% APRpaid last 24h +0.123%

Price spread now: Coinbase International against MEXC+0.196%7-day average +0.177% · you sell dearer than you buy

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$500.502% of the position

Long on MEXC Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.461%+$46 on $10k

Price spread, last 4 days (all we have)+1.315%+$131 · spread now +0.196%, 7d avg +0.177%

Together, before fees+1.776%+$178 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.177%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ARB_USDT	0.2193	−0.0136	get 0.0136% / 8h	4h 49m	$40.6M	$59.6M	200x
Short	Coinbase International ARB-PERP-INTX	0.2198	0.0224	get 0.0028% / 1h	49m 37s	$492K	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against MEXC. 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 MEXCbpFee Coinbase InternationalbpOrdersPrice spread, now +0.196%Rate

Funding earned: $75.6
Price spread: +0.196% → +0.177%: $1.92
Slippage, 4 orders: −$40.23
Fee MEXC: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $27.29
Costs to cover: 0.502%
Break-even: 4.5 days

Slippage from MEXC: live order book, 4 min ago; Coinbase International: live order book, 4 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 MEXC live order book, 4 min ago	0.23 bp	1.9 bp −$2	19.1 bp −$191	44.5 bp −$4,449	63.4 bp −$31.7K
Sell Coinbase International live order book, 4 min ago	8.61 bp	19.0 bp −$19	33.5 bp −$335	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	0.2183	−0.470%	$39K	$372K	12x	as long as short
OKX ARB-USDT-SWAP	−0.0136%	8h	0.2193	−0.027%	$22.1M	$147.5M	50x	as long as short
01 Exchange ARBUSD	−0.0136%	1h	0.2192	−0.064%	$7K	$2K	10x	as long as short
MEXC ARB_USDTlong	−0.0136%	8h	0.2193	long leg	$40.6M	$59.6M	200x
Polymarket Perps ARB-USD	−0.0126%	1h	0.2192	−0.064%	$70K	$2.1M	10x	as long as short
Variational Omni ARB	−0.0117%	8h	0.2192	−0.043%	$1.8M	$2.9M	—	as long as short
Gate ARB_USDT	−0.0098%	8h	0.2193	0.000%	$5.3M	$18.6M	60x	as long as short
Orderly PERP_ARB_USDC	−0.0078%	8h	0.2195	+0.078%	$13K	$388K	10x	as long as short
Bybit ARBUSDT	−0.0046%	8h	0.2193	−0.009%	$55.5M	$125.9M	50x	as long as short
SoDEX ARB-USD	−0.0021%	1h	0.2195	+0.055%	$10K	$2.3M	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ARBUSD	−0.0006%	1h	0.2196	+0.117%	$1.1M	$4.4M	50x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2196	+0.105%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2196	+0.109%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2195	+0.092%	$32K	—	150x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2192	−0.052%	$349K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0010%	8h	0.2193	−0.007%	$64.0M	$306.5M	75x	as long as short
BloFin ARB-USDT	+0.0039%	8h	0.2195	+0.059%	$3.1M	$2.6M	75x	as long as short
Bitget ARBUSDT	+0.0066%	8h	0.2192	−0.059%	$20.9M	$34.6M	50x	as long as short
BingX ARB-USDC	+0.0070%	8h	0.2193	−0.036%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2196	+0.129%	$139K	$7K	3x	as long as short
Phemex ARBUSDT	+0.0084%	8h	0.2196	+0.123%	$4.9M	$12.9M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2195	+0.082%	$1.2M	$5.7M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2196	+0.132%	$37.9M	$48.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2196	+0.123%	$634K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2195	+0.076%	$42K	$169K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2196	+0.109%	$19.4M	$15.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2204	+0.492%	$40K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2205	+0.533%	$470K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2196	+0.123%	$118K	$282K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2198	+0.214%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2195	+0.096%	$298K	$956K	50x	as long as short
Coinbase International ARB-PERP-INTXshort	+0.0224%	1h	0.2198	+0.196%	$492K	$2.0M	50x
RISEx ARB/USDC	+0.0225%	1h	0.2194	+0.015%	$476K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2196	+0.120%	$819K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2192	−0.067%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0581%	1h	0.2198	+0.237%	$993K	$2.8M	20x	as long as short