ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0236%/8h= +25.8% APRnext payment +$0.29 per $10,000 · paid last 24h +0.124%

Price spread now: Coinbase International against SoDEX+0.123%7-day average +0.170% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$560.556% of the position

Long on SoDEX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.335%+$34 on $10k

Price spread, last 4 days (all we have)−0.029%−$3 · spread now +0.123%, 7d avg +0.170%

Together, before fees+0.306%+$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.047% cheaper against SoDEX than usual: you would sell low and buy high (spread +0.123% now, against its 7-day average of +0.170%). If the spread goes back, that is −$5 on $10k: about 16 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ARB-USD	0.2195	0.0100	pay 0.0013% / 1h	57m 12s	$9K	$2.2M	5x
Short	Coinbase International ARB-PERP-INTX	0.2198	0.0336	get 0.0042% / 1h	57m 12s	$516K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against SoDEX. 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 SoDEXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.123%Rate

Funding earned: $49.56
Price spread: +0.123% → +0.170%: −$4.73
Slippage, 4 orders: −$37.65
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$10.81
Costs to cover: 0.556%
Break-even: 8.5 days

Slippage from SoDEX: live order book, 2 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 SoDEX live order book, 2 min ago	0.23 bp	5.5 bp −$6	16.2 bp −$162	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	8.90 bp	22.3 bp −$22	41.0 bp −$410	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	−0.1605%	1h	0.2179	−0.742%	$39K	$372K	12x	as long as short
Phemex ARBUSDT	−0.0233%	8h	0.2194	−0.059%	$4.8M	$12.8M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0168%	1h	0.2197	+0.057%	$1.1M	$4.3M	50x	as long as short
01 Exchange ARBUSD	−0.0152%	1h	0.2193	−0.100%	$7K	$236	10x	as long as short
OKX ARB-USDT-SWAP	−0.0068%	8h	0.2194	−0.046%	$22.2M	$145.7M	50x	as long as short
MEXC ARB_USDT	−0.0068%	8h	0.2195	+0.005%	$42.6M	$62.3M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0040%	8h	0.2196	+0.032%	$16K	$410K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2191	−0.209%	$65K	$4K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2195	−0.003%	$364K	$3.1M	25x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2197	+0.059%	$28K	$38K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDT	+0.0004%	8h	0.2194	−0.076%	$63.2M	$299.3M	75x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2196	+0.017%	$73K	—	150x	as long as short
Variational Omni ARB	+0.0029%	8h	0.2187	−0.394%	$1.8M	$3.0M	—	as long as short
BloFin ARB-USDT	+0.0060%	8h	0.2194	−0.041%	$3.0M	$2.3M	75x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2197	+0.066%	$139K	$7K	3x	as long as short
BingX ARB-USDT	+0.0087%	8h	0.2194	−0.046%	—	$32.9M	—	as long as short
Bitget ARBUSDT	+0.0088%	8h	0.2194	−0.059%	$21.2M	$34.6M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2194	−0.046%	$1.3M	$5.3M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2195	0.000%	$36.8M	$49.8M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2195	+0.003%	$628K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2191	−0.200%	$43K	$146K	10x	as long as short
Bybit ARBUSDT	+0.0100%	8h	0.2195	−0.036%	$53.4M	$125.9M	50x	as long as short
Gate ARB_USDT	+0.0100%	8h	0.2195	−0.032%	$5.4M	$18.0M	60x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2197	+0.059%	$19.5M	$13.8M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2187	−0.384%	$40K	$464K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2186	−0.410%	$465K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2187	−0.378%	$118K	$268K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2195	−0.014%	$74K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2198	+0.123%	$2K	$1.1M	30x	as long as short
SoDEX ARB-USDlong	+0.0100%	1h	0.2195	long leg	$9K	$2.2M	5x
HTX ARB-USDT	+0.0100%	8h	0.2196	+0.018%	$294K	$836K	50x	as long as short
RISEx ARB/USDC	+0.0123%	1h	0.2196	+0.024%	$512K	$2.7M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0277% / S −0.0160%	1h	0.2196	+0.033%	$831K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2193	−0.095%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTXshort	+0.0336%	1h	0.2198	+0.123%	$516K	$1.5M	50x
Backpack ARB_USDC_PERP	+0.0353%	1h	0.2198	+0.118%	$983K	$2.8M	20x	as long as short