Funding arb · Price arb /

ARB

all ARB markets

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 SunX+0.140%7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$180as in the Funding arb table

Net, price: spread back to 7d avg − costs−$197as in the Price arb table

costs, in and out, $10k−$2042.045% of the position

Long on SunX 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)−0.082%−$8 · spread now +0.140%, 7d avg +0.068%

Together, before fees+0.158%+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.072% dearer against SunX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ARB-USDT	0.2214	0.0100	pay 0.0100% / 8h	6h 07m	$1K	$1.1M	30x
Short	Coinbase International ARB-PERP-INTX	0.2217	0.0240	get 0.0030% / 1h	7m 44s	$507K	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against SunX. 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 SunXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.140%Rate

Funding earned: $29.4
Price spread: +0.140% → +0.068%: $7.21
Slippage, 4 orders: −$186.5
Fee SunX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$167.89
Costs to cover: 2.045%
Break-even: 47.0 days

Slippage from SunX: live order book, 5 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 SunX live order book, 5 min ago	31.55 bp	64.4 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	6.77 bp	27.4 bp −$27	49.1 bp −$491	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	0.2195	−0.858%	$40K	$372K	12x	as long as short
SoDEX ARB-USD	−0.0246%	1h	0.2217	+0.154%	$10K	$2.5M	5x	as long as short
01 Exchange ARBUSD	−0.0224%	1h	0.2213	−0.023%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0157%	8h	0.2213	−0.029%	$1.9M	$2.9M	—	as long as short
OKX ARB-USDT-SWAP	−0.0128%	8h	0.2221	+0.325%	$22.4M	$155.9M	50x	as long as short
MEXC ARB_USDT	−0.0126%	8h	0.2220	+0.257%	$39.0M	$60.2M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0068%	8h	0.2216	+0.090%	$12K	$382K	10x	as long as short
Gate ARB_USDT	−0.0068%	8h	0.2221	+0.307%	$5.4M	$19.9M	60x	as long as short
Bybit ARBUSDT	−0.0037%	8h	0.2221	+0.316%	$56.6M	$128.3M	50x	as long as short
Extended ARB-USD	−0.0008%	1h	0.2219	+0.228%	$352K	$2.5M	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDT	−0.0006%	8h	0.2222	+0.343%	$64.6M	$316.8M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2214	−0.020%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2217	+0.122%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0011%	1h	0.2217	+0.134%	$10K	—	150x	as long as short
ApeX Omni ARBUSDT	+0.0071%	1h	0.2216	+0.090%	$120K	$286K	50x	as long as short
Phemex ARBUSDT	+0.0079%	8h	0.2217	+0.136%	$5.0M	$12.9M	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2217	+0.149%	$141K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2217	+0.140%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2223	+0.393%	$38.7M	$51.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2217	+0.140%	$660K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2211	−0.135%	$42K	$183K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2220	+0.276%	$19.6M	$15.7M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2221	+0.316%	$21.3M	$36.1M	50x	as long as short
BingX ARB-USDC	+0.0100%	8h	0.2220	+0.253%	—	$6.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2214	+0.018%	$40K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2215	+0.064%	$481K	$3.7M	10x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2215	+0.054%	$87K	$2.1M	10x	as long as short
SunX ARB-USDTlong	+0.0100%	8h	0.2214	long leg	$1K	$1.1M	30x
HTX ARB-USDT	+0.0100%	8h	0.2218	+0.181%	$298K	$991K	50x	as long as short
Coinbase International ARB-PERP-INTXshort	+0.0240%	1h	0.2217	+0.140%	$507K	$2.1M	50x
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2217	+0.150%	$827K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2214	+0.001%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0312%	1h	0.2218	+0.176%	$1.1M	$4.7M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2214	−0.016%	$480K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0525%	1h	0.2224	+0.438%	$1.0M	$2.8M	20x	as long as short