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 −0.077%

Price spread now: ApeX Omni against Coinbase International−0.313%7-day average −0.135% · you buy dearer than you sell

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$840.837% of the position

Long on Coinbase International Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.271%−$27 on $10k

Price spread, last 4 days (all we have)−1.860%−$186 · spread now −0.313%, 7d avg −0.135%

Together, before fees−2.131%−$213 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and ApeX Omni is 0.177% cheaper against Coinbase International than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.135%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ARB-PERP-INTX	0.2206	0.0336	pay 0.0042% / 1h	41m 17s	$528K	$1.6M	50x
Short	ApeX Omni ARBUSDT	0.2199	0.0100	get 0.0013% / 1h	41m 17s	$119K	$267K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Coinbase International. 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 Coinbase InternationalbpFee ApeX OmnibpOrdersPrice spread, now −0.313%Rate

Funding earned: −$49.56
Price spread: −0.313% → −0.135%: −$17.74
Slippage, 4 orders: −$63.69
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$150.98
Costs to cover: 0.837%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; ApeX Omni: live order book, 56 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, 2 min ago	6.60 bp	19.3 bp −$19	42.7 bp −$427	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 56 min ago	9.16 bp	26.1 bp −$26	122.5 bp −$1,225	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	0.2187	−0.857%	$39K	$372K	12x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0343%	1h	0.2192	−0.639%	$28K	$38K	25x	as long as short
Gate ARB_USDT	−0.0261%	8h	0.2192	−0.644%	$5.4M	$18.1M	60x	as long as short
SoDEX ARB-USD	−0.0211%	1h	0.2191	−0.657%	$9K	$2.3M	5x	as long as short
Kraken Futures PF_ARBUSD	−0.0168%	1h	0.2192	−0.626%	$1.1M	$4.3M	50x	as long as short
Bybit ARBUSDT	−0.0130%	8h	0.2191	−0.689%	$53.3M	$126.0M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0077%	8h	0.2191	−0.694%	$22.2M	$145.8M	50x	as long as short
MEXC ARB_USDT	−0.0075%	8h	0.2192	−0.644%	$42.9M	$62.8M	200x	as long as short
01 Exchange ARBUSD	−0.0048%	1h	0.2192	−0.617%	$7K	$236	10x	as long as short
Orderly PERP_ARB_USDC	−0.0041%	8h	0.2191	−0.675%	$16K	$414K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2195	−0.511%	$65K	$5K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2192	−0.614%	$72K	—	150x	as long as short
Binance ARBUSDT	+0.0013%	8h	0.2190	−0.709%	$63.2M	$299.3M	75x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2190	−0.703%	$363K	$3.1M	25x	as long as short
Variational Omni ARB	+0.0031%	8h	0.2198	−0.368%	$1.8M	$3.0M	—	as long as short
BloFin ARB-USDT	+0.0050%	8h	0.2191	−0.685%	$3.0M	$2.3M	75x	as long as short
Bitget ARBUSDT	+0.0073%	8h	0.2192	−0.630%	$21.0M	$34.7M	50x	as long as short
BingX ARB-USDT	+0.0076%	8h	0.2191	−0.657%	—	$32.8M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2192	−0.624%	$139K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2192	−0.621%	$1.3M	$5.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2194	−0.553%	$37.2M	$50.2M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2192	−0.621%	$628K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2194	−0.529%	$43K	$146K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2193	−0.598%	$19.4M	$13.8M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2198	−0.342%	$40K	$468K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2199	−0.313%	$474K	$3.6M	10x	as long as short
ApeX Omni ARBUSDTshort	+0.0100%	1h	0.2199	−0.313%	$119K	$267K	50x
Polymarket Perps ARB-USD	+0.0100%	1h	0.2194	−0.558%	$74K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2193	−0.585%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2195	−0.494%	$294K	$836K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2192	−0.630%	$4.8M	$12.8M	50x	as long as short
RISEx ARB/USDC	+0.0123%	1h	0.2193	−0.564%	$527K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0233%	1h	0.2196	−0.467%	$980K	$2.8M	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0159%	1h	0.2196	−0.427%	$830K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2191	−0.679%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTXlong	+0.0336%	1h	0.2206	long leg	$528K	$1.6M	50x