BE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0016%/8h= −1.7% APRnext payment −$0.02 per $10,000 · paid last 24h −0.028%

Price spread now: Arcus against Coinbase International+0.358%7-day average +0.181% · 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−$30as in the Price arb table

costs, in and out, $10k−$480.478% of the position

Long on Coinbase International Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.047%−$5 on $10k

Price spread, last 4 days (all we have)−0.370%−$37 · spread now +0.358%, 7d avg +0.181%

Together, before fees−0.417%−$42 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.178% dearer against Coinbase International than usual: you sell high and buy low (spread +0.358% now, against its 7-day average of +0.181%): +$18 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 38 days. At the pace of the last 4 days (−0.047% in total) that is about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BE-PERP-INTX	270.59	0.0056	pay 0.0007% / 1h	16m 44s	$473K	$134K	10x
Short	Arcus BE-USD	271.56	0.0040	get 0.0005% / 1h	16m 44s	$113K	$109K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Coinbase International. 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 Coinbase InternationalbpFee ArcusbpOrdersPrice spread, now +0.358%Rate

Funding earned: −$3.3
Price spread: +0.358% → +0.181%: $17.75
Slippage, 4 orders: −$33.28
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$33.33
Costs to cover: 0.478%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 31 min ago; Arcus: live order book, 31 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 Coinbase International live order book, 31 min ago	7.53 bp	13.9 bp −$14	22.0 bp −$220	doesn't fit	doesn't fit
Sell Arcus live order book, 31 min ago	4.22 bp	14.9 bp −$15	25.5 bp −$255	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
Bitget BEUSDT	−0.0124%	8h	271.78	+0.440%	$1.6M	$2.6M	20x	as long as short
Aster BEUSDT	0.0000%	8h	271.83	+0.459%	$341K	$121K	20x	as long as short
Extended BE-USD	0.0000%	1h	271.74	+0.424%	$46K	$258K	10x	as long as short
Binance BEUSDT	0.0000%	8h	271.89	+0.480%	$8.2M	$37.3M	25x	as long as short
OKX BE-USDT-SWAP	0.0000%	8h	272.00	+0.521%	$2.6M	$6.9M	25x	as long as short
Gate BE_USDT	0.0000%	8h	271.80	+0.447%	$1.4M	$3.3M	50x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	271.69	+0.407%	$6K	$158K	10x	as long as short
SunX BE-USDT	0.0000%	8h	272.11	+0.562%	$914	$2.3M	10x	as long as short
HTX BE-USDT	0.0000%	8h	271.68	+0.403%	$13K	$35K	20x	as long as short
Bybit BEUSDT	+0.0006%	8h	271.94	+0.499%	$2.0M	$1.2M	25x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX BE-USD	+0.0024%	1h	271.98	+0.514%	$1.3M	$2.5M	10x	as long as short
Lighter BE	+0.0032%	1h	271.62	+0.381%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	271.75	+0.429%	$242K	$300K	10x	as long as short
Arcus BE-USDshort	+0.0040%	1h	271.56	+0.358%	$113K	$109K	10x
Vest BE-USD-PERP	+0.0046%	1h	271.87	+0.473%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	271.73	+0.421%	$5.9M	$2.8M	10x	as long as short
Coinbase International BE-PERP-INTXlong	+0.0056%	1h	270.59	long leg	$473K	$134K	10x
KuCoin BEUSDTM	+0.0100%	8h	271.78	+0.440%	$367K	$18K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	272.08	+0.551%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	272.14	+0.573%	$45K	$146K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0265%	1h	272.06	+0.543%	$6K	$4K	10x	as long as short