Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0256%/8h= +28.0% APRpaid last 24h +0.128%

Price spread now: Coinbase International against Orderly+0.088%7-day average +0.151% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.523%+$52 on $10k

Price spread, last 3 days (all we have)+0.058%+$6 · spread now +0.088%, 7d avg +0.151%

Together, before fees+0.581%+$58 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.063% cheaper against Orderly than usual: you would sell low and buy high (spread +0.088% now, against its 7-day average of +0.151%). If the spread goes back, that is −$6 on $10k: about 20 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	Orderly PERP_ARB_USDC	0.2277	−0.0040	get 0.0040% / 8h	28m 07s	$13K	$395K	10x
Short	Coinbase International ARB-PERP-INTX	0.2279	0.0216	get 0.0027% / 1h	28m 07s	$513K	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 OrderlybpFee Coinbase InternationalbpOrdersPrice spread, now +0.088%Rate

Funding earned: $53.71
Price spread: +0.088% → +0.151%: −$6.31
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $31.4
Costs to cover: 0.160%
Break-even: 2.9 days

Slippage unknown: Orderly: no order-book sample; Coinbase International: live order book, 1 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 1 min ago	4.39 bp	22.4 bp −$22	37.0 bp −$370	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.2265	−0.527%	$41K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0267%	1h	0.2278	+0.031%	$75K	$2.0M	10x	as long as short
Variational Omni ARB	−0.0184%	8h	0.2276	−0.044%	$2.0M	$2.8M	—	as long as short
01 Exchange ARBUSD	−0.0168%	1h	0.2278	+0.035%	$7K	$2K	10x	as long as short
Bybit ARBUSDT	−0.0162%	8h	0.2275	−0.079%	$58.6M	$128.2M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0108%	8h	0.2275	−0.083%	$23.0M	$160.2M	50x	as long as short
MEXC ARB_USDT	−0.0107%	8h	0.2277	−0.018%	$38.3M	$59.7M	200x	as long as short
SoDEX ARB-USD	−0.0061%	1h	0.2277	+0.004%	$4K	$2.6M	5x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0057%	1h	0.2278	+0.053%	$26K	$32K	25x	as long as short
Orderly PERP_ARB_USDClong	−0.0040%	8h	0.2277	long leg	$13K	$395K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2279	+0.097%	$67K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2279	+0.088%	$55K	—	150x	as long as short
Gate ARB_USDT	+0.0005%	8h	0.2276	−0.048%	$5.5M	$20.2M	60x	as long as short
Binance ARBUSDT	+0.0015%	8h	0.2276	−0.033%	$66.7M	$312.6M	75x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2276	−0.035%	$363K	$2.3M	25x	as long as short
BloFin ARB-USDT	+0.0054%	8h	0.2277	+0.018%	$3.2M	$2.8M	75x	as long as short
Bitget ARBUSDT	+0.0065%	8h	0.2276	−0.044%	$21.5M	$35.9M	50x	as long as short
BingX ARB-USDT	+0.0066%	8h	0.2277	0.000%	—	$53.5M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2280	+0.120%	$149K	$12K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2278	+0.044%	$1.4M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2279	+0.092%	$41.5M	$47.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2278	+0.030%	$710K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2280	+0.111%	$48K	$184K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2278	+0.031%	$19.8M	$16.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2278	+0.051%	$40K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2277	+0.006%	$487K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2278	+0.044%	$123K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2281	+0.176%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2278	+0.022%	$291K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2277	0.000%	$5.2M	$13.1M	50x	as long as short
Coinbase International ARB-PERP-INTXshort	+0.0216%	1h	0.2279	+0.088%	$513K	$2.3M	50x
Kraken Futures PF_ARBUSD	+0.0235%	1h	0.2279	+0.083%	$1.2M	$4.9M	50x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2276	−0.023%	$2K	$695	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0296% / S −0.0186%	1h	0.2279	+0.069%	$932K	—	150x	as long as short
RISEx ARB/USDC	+0.0330%	1h	0.2280	+0.148%	$504K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0489%	1h	0.2279	+0.105%	$927K	$2.8M	20x	as long as short