Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0165%/8h= −18.1% APRpaid last 24h −0.065%

Price spread now: BloFin against Coinbase International+0.115%7-day average −0.146% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$610.613% of the position

Long on Coinbase International Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.200%−$20 on $10k

Price spread, last 3 days (all we have)−0.415%−$41 · spread now +0.115%, 7d avg −0.146%

Together, before fees−0.615%−$62 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.261% dearer against Coinbase International than usual: you sell high and buy low (spread +0.115% now, against its 7-day average of −0.146%): +$26 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 5.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ARB-PERP-INTX	0.2263	0.0216	pay 0.0027% / 1h	18m 35s	$511K	$2.3M	50x
Short	BloFin ARB-USDT	0.2265	0.0051	get 0.0051% / 8h	18m 35s	$3.2M	$2.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.115%Rate

Funding earned: −$34.71
Price spread: +0.115% → −0.146%: $26.1
Slippage, 4 orders: −$39.3
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$69.91
Costs to cover: 0.613%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; BloFin: live order book, 5 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, 5 min ago	8.63 bp	19.3 bp −$19	47.9 bp −$479	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	2.43 bp	14.2 bp −$14	26.1 bp −$261	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	−0.1785%	1h	0.2257	−0.243%	$41K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0264%	1h	0.2265	+0.102%	$68K	$2.0M	10x	as long as short
01 Exchange ARBUSD	−0.0184%	1h	0.2266	+0.146%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0180%	8h	0.2261	−0.051%	$2.0M	$2.8M	—	as long as short
Bybit ARBUSDT	−0.0166%	8h	0.2265	+0.102%	$58.4M	$128.4M	50x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0147%	1h	0.2265	+0.119%	$26K	$32K	25x	as long as short
SoDEX ARB-USD	−0.0110%	1h	0.2265	+0.097%	$4K	$2.6M	5x	as long as short
OKX ARB-USDT-SWAP	−0.0106%	8h	0.2266	+0.133%	$22.8M	$159.6M	50x	as long as short
MEXC ARB_USDT	−0.0106%	8h	0.2265	+0.110%	$38.1M	$59.9M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0038%	8h	0.2264	+0.066%	$13K	$394K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ARB_USDT	−0.0005%	8h	0.2263	+0.035%	$5.4M	$20.3M	60x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2265	+0.093%	$67K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2266	+0.155%	$55K	—	150x	as long as short
Binance ARBUSDT	+0.0012%	8h	0.2266	+0.147%	$66.7M	$313.8M	75x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2265	+0.115%	$361K	$2.3M	25x	as long as short
BloFin ARB-USDTshort	+0.0051%	8h	0.2265	+0.115%	$3.2M	$2.8M	75x
Bitget ARBUSDT	+0.0061%	8h	0.2264	+0.066%	$21.4M	$36.0M	50x	as long as short
BingX ARB-USDT	+0.0063%	8h	0.2266	+0.133%	—	$53.9M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2266	+0.140%	$148K	$12K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2265	+0.119%	$1.4M	$7.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2266	+0.146%	$40.8M	$47.6M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2265	+0.112%	$706K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2266	+0.133%	$47K	$184K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2266	+0.133%	$19.7M	$16.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2259	−0.148%	$40K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2259	−0.169%	$483K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2262	−0.022%	$122K	$296K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2267	+0.199%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2265	+0.102%	$291K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2265	+0.110%	$5.2M	$13.1M	50x	as long as short
Coinbase International ARB-PERP-INTXlong	+0.0216%	1h	0.2263	long leg	$511K	$2.3M	50x
Kraken Futures PF_ARBUSD	+0.0236%	1h	0.2268	+0.259%	$1.1M	$4.9M	50x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2264	+0.087%	$2K	$695	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0296% / S −0.0186%	1h	0.2266	+0.155%	$926K	—	150x	as long as short
RISEx ARB/USDC	+0.0330%	1h	0.2268	+0.241%	$515K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0468%	1h	0.2268	+0.248%	$1.0M	$2.9M	20x	as long as short