BE

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h +0.045%

Price spread now: Coinbase International against Arcus+0.022%7-day average −0.163% · 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−$37as in the Price arb table

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

Long on Arcus Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.044%+$4 on $10k

Price spread, last 3 days (all we have)+0.118%+$12 · spread now +0.022%, 7d avg −0.163%

Together, before fees+0.161%+$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.185% dearer against Arcus than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.163%): +$18 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 19 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus BE-USD	272.18	0.0040	pay 0.0005% / 1h	28m 40s	$114K	$134K	10x
Short	Coinbase International BE-PERP-INTX	272.24	0.0008	get 0.0001% / 1h	28m 40s	$467K	$121K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Arcus. 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 ArcusbpFee Coinbase InternationalbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$6.78
Price spread: +0.022% → −0.163%: $18.48
Slippage, 4 orders: −$41.09
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$43.89
Costs to cover: 0.556%
Break-even: never at this rate

Slippage from Arcus: live order book, 59 min ago; Coinbase International: live order book, 59 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 Arcus live order book, 59 min ago	2.38 bp	9.5 bp −$10	15.6 bp −$156	doesn't fit	doesn't fit
Sell Coinbase International live order book, 59 min ago	5.50 bp	10.5 bp −$11	19.8 bp −$198	doesn't fit	doesn't fit

BE on 21 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
Aster BEUSDT	0.0000%	8h	272.22	+0.013%	$342K	$116K	20x	as long as short
Extended BE-USD	0.0000%	1h	272.44	+0.096%	$46K	$270K	10x	as long as short
Binance BEUSDT	0.0000%	8h	272.49	+0.114%	$8.5M	$37.4M	25x	as long as short
Bybit BEUSDT	0.0000%	8h	272.49	+0.114%	$2.0M	$1.2M	25x	as long as short
OKX BE-USDT-SWAP	0.0000%	8h	272.66	+0.176%	$2.6M	$6.7M	25x	as long as short
Gate BE_USDT	0.0000%	8h	272.30	+0.044%	$1.5M	$3.8M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	272.39	+0.077%	$1.7M	$2.7M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	272.23	+0.017%	$7K	$202K	10x	as long as short
SunX BE-USDT	0.0000%	8h	272.30	+0.044%	$1K	$2.6M	10x	as long as short
HTX BE-USDT	0.0000%	8h	272.37	+0.070%	$13K	$33K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BE-PERP-INTXshort	+0.0008%	1h	272.24	+0.022%	$467K	$121K	10x
Lighter BE	+0.0032%	1h	271.97	−0.077%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	272.24	+0.022%	$248K	$481K	10x	as long as short
QFEX BE-USD	+0.0038%	1h	272.34	+0.059%	$1.3M	$3.6M	10x	as long as short
Arcus BE-USDlong	+0.0040%	1h	272.18	long leg	$114K	$134K	10x
Vest BE-USD-PERP	+0.0046%	1h	272.29	+0.040%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0078%	1h	272.18	0.000%	$5.8M	$2.9M	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	272.18	0.000%	$367K	$24K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	272.23	+0.017%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	272.58	+0.147%	$45K	$141K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.1626%	1h	272.41	+0.085%	$6K	$4K	10x	as long as short