Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0329%/8h= +36.0% APRpaid last 24h +0.112%

Price spread now: Coinbase International against OKX+0.314%7-day average +0.210% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$620.620% of the position

Long on OKX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.435%+$44 on $10k

Price spread, last 3 days (all we have)+0.508%+$51 · spread now +0.314%, 7d avg +0.210%

Together, before fees+0.943%+$94 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Coinbase International is 0.104% dearer against OKX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.210%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ARB-USDT-SWAP	0.2262	−0.0113	get 0.0113% / 8h	2m 46s	$22.8M	$159.0M	50x
Short	Coinbase International ARB-PERP-INTX	0.2269	0.0216	get 0.0027% / 1h	2m 46s	$512K	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against OKX. 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 OKXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.314%Rate

Funding earned: $68.99
Price spread: +0.314% → +0.210%: $10.4
Slippage, 4 orders: −$41.98
Fee OKX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $17.4
Costs to cover: 0.620%
Break-even: 5.2 days

Slippage from OKX: live order book, 1 min ago; Coinbase International: live order book, 1 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 OKX live order book, 1 min ago	0.22 bp	9.3 bp −$9	25.7 bp −$257	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	6.62 bp	17.8 bp −$18	41.2 bp −$412	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	0.2256	−0.261%	$41K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0217%	1h	0.2264	+0.111%	$66K	$2.0M	10x	as long as short
01 Exchange ARBUSD	−0.0208%	1h	0.2265	+0.133%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0196%	8h	0.2255	−0.294%	$2.0M	$2.8M	—	as long as short
Bybit ARBUSDT	−0.0183%	8h	0.2262	0.000%	$58.3M	$128.1M	50x	as long as short
SoDEX ARB-USD	−0.0177%	1h	0.2264	+0.084%	$4K	$2.6M	5x	as long as short
OKX ARB-USDT-SWAPlong	−0.0113%	8h	0.2262	long leg	$22.8M	$159.0M	50x
MEXC ARB_USDT	−0.0112%	8h	0.2263	+0.044%	$38.4M	$60.2M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0042%	8h	0.2265	+0.137%	$13K	$394K	10x	as long as short
Gate ARB_USDT	−0.0017%	8h	0.2264	+0.075%	$5.4M	$20.3M	60x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDT	−0.0001%	8h	0.2263	+0.052%	$66.6M	$313.3M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2265	+0.144%	$67K	$4K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2262	−0.005%	$361K	$2.3M	25x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2265	+0.128%	$25K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2266	+0.164%	$56K	—	150x	as long as short
Bitget ARBUSDT	+0.0052%	8h	0.2262	+0.004%	$21.4M	$36.0M	50x	as long as short
BingX ARB-USDC	+0.0054%	8h	0.2263	+0.049%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2266	+0.167%	$148K	$12K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2265	+0.128%	$1.4M	$7.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2266	+0.159%	$41.0M	$47.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2266	+0.165%	$704K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2266	+0.165%	$47K	$183K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2264	+0.084%	$19.7M	$16.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2262	−0.017%	$40K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2262	+0.006%	$482K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2263	+0.049%	$122K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2267	+0.225%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2263	+0.071%	$291K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2264	+0.093%	$5.2M	$13.0M	50x	as long as short
BloFin ARB-USDT	+0.0120%	8h	0.2263	+0.044%	$3.1M	$2.8M	75x	as long as short
Coinbase International ARB-PERP-INTXshort	+0.0216%	1h	0.2269	+0.314%	$512K	$2.3M	50x
Kraken Futures PF_ARBUSD	+0.0236%	1h	0.2266	+0.188%	$1.1M	$4.9M	50x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2264	+0.074%	$2K	$695	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0297% / S −0.0186%	1h	0.2265	+0.141%	$927K	—	150x	as long as short
RISEx ARB/USDC	+0.0330%	1h	0.2267	+0.230%	$515K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0465%	1h	0.2266	+0.195%	$1.0M	$2.8M	20x	as long as short