Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0150%/8h= −16.4% APRpaid last 24h −0.078%

Price spread now: BingX against Coinbase International−0.057%7-day average −0.193% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$590.588% of the position

Long on Coinbase International Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.289%−$29 on $10k

Price spread, last 3 days (all we have)−0.745%−$75 · spread now −0.057%, 7d avg −0.193%

Together, before fees−1.034%−$103 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.136% dearer against Coinbase International than usual: you sell high and buy low (spread −0.057% now, against its 7-day average of −0.193%): +$14 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ARB-PERP-INTX	0.2268	0.0216	pay 0.0027% / 1h	25m 13s	$510K	$2.3M	50x
Short	BingX ARB-USDT	0.2267	0.0066	get 0.0066% / 8h	25m 13s	—	$53.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.057%Rate

Funding earned: −$31.5
Price spread: −0.057% → −0.193%: $13.58
Slippage, 4 orders: −$38.75
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$76.67
Costs to cover: 0.588%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; BingX: live order book, 14 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, 4 min ago	4.39 bp	22.4 bp −$22	42.0 bp −$420	doesn't fit	doesn't fit
Sell BingX live order book, 14 min ago	1.54 bp	7.4 bp −$7	9.3 bp −$93	15.2 bp −$1,522	39.3 bp −$19.7K

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	−0.1785%	1h	0.2261	−0.309%	$41K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0272%	1h	0.2265	−0.132%	$74K	$2.0M	10x	as long as short
Variational Omni ARB	−0.0183%	8h	0.2274	+0.255%	$2.0M	$2.8M	—	as long as short
01 Exchange ARBUSD	−0.0176%	1h	0.2266	−0.101%	$7K	$2K	10x	as long as short
Bybit ARBUSDT	−0.0163%	8h	0.2267	−0.035%	$58.5M	$128.2M	50x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0147%	1h	0.2267	−0.057%	$26K	$32K	25x	as long as short
OKX ARB-USDT-SWAP	−0.0108%	8h	0.2267	−0.053%	$22.9M	$159.7M	50x	as long as short
MEXC ARB_USDT	−0.0108%	8h	0.2268	−0.022%	$38.0M	$59.7M	200x	as long as short
SoDEX ARB-USD	−0.0055%	1h	0.2267	−0.049%	$4K	$2.6M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0038%	8h	0.2266	−0.088%	$13K	$395K	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	0.2271	+0.150%	$67K	$4K	10x	as long as short
Gate ARB_USDT	+0.0001%	8h	0.2266	−0.101%	$5.5M	$20.2M	60x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2267	−0.061%	$55K	—	150x	as long as short
Binance ARBUSDT	+0.0016%	8h	0.2268	−0.004%	$66.6M	$313.1M	75x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2266	−0.100%	$361K	$2.3M	25x	as long as short
Bitget ARBUSDT	+0.0063%	8h	0.2266	−0.088%	$21.3M	$35.9M	50x	as long as short
BloFin ARB-USDT	+0.0064%	8h	0.2268	+0.009%	$3.2M	$2.8M	75x	as long as short
BingX ARB-USDTshort	+0.0066%	8h	0.2267	−0.057%	—	$53.8M	—
Aevo ARB-PERP	+0.0088%	1h	0.2268	+0.006%	$148K	$12K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2269	+0.062%	$1.4M	$7.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2268	0.000%	$41.3M	$47.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2267	−0.059%	$706K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2272	+0.172%	$48K	$184K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2268	+0.004%	$19.7M	$16.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2279	+0.472%	$40K	$460K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2274	+0.265%	$486K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2281	+0.573%	$123K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2269	+0.044%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2265	−0.154%	$289K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2266	−0.088%	$5.2M	$13.1M	50x	as long as short
Coinbase International ARB-PERP-INTXlong	+0.0216%	1h	0.2268	long leg	$510K	$2.3M	50x
Kraken Futures PF_ARBUSD	+0.0236%	1h	0.2269	+0.026%	$1.2M	$4.9M	50x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2265	−0.141%	$2K	$695	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0296% / S −0.0186%	1h	0.2267	−0.043%	$927K	—	150x	as long as short
RISEx ARB/USDC	+0.0330%	1h	0.2267	−0.025%	$515K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0467%	1h	0.2271	+0.110%	$1.0M	$2.8M	20x	as long as short