Funding you earn now, next payment 23:00 UTC−0.0452%/8h= −49.5% APRnext payment −$0.56 per $10,000 · paid last 24h −0.124%
Price spread now: Deribit against Coinbase International−0.339%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Deribit is 0.339% cheaper against Coinbase International than usual: you would sell low and buy high (−$34 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ARB-PERP-INTX | 0.2270 | 0.0216 | pay 0.0027% / 1h | 20m 30s | $512K | $2.3M | 50x |
| Short | Deribit ARB_USDC-PERPETUAL | 0.2262 | −0.0236 | pay 0.0029% / 1h | 20m 30s | $26K | $32K | 25x |
Coinbase International ARB-PERP-INTX
Deribit ARB_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$94.92
- Price spread: −0.339% → 0.000%
- −$33.92
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$145.84
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: live order book, 3 min ago; Deribit: no order-book sample. Net counts fees only.
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, 3 min ago | 8.63 bp | 19.3 bp −$19 | 47.9 bp −$479 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.573% | $41K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0265% | 1h | 0.2263 | −0.322% | $68K | $2.0M | 10x | as long as short |
| Deribit ARB_USDC-PERPETUALshort | −0.0236% | 1h | 0.2262 | −0.339% | $26K | $32K | 25x | |
| Variational Omni ARB | −0.0180% | 8h | 0.2261 | −0.381% | $2.0M | $2.8M | — | as long as short |
| 01 Exchange ARBUSD | −0.0176% | 1h | 0.2260 | −0.436% | $7K | $2K | 10x | as long as short |
| Bybit ARBUSDT | −0.0164% | 8h | 0.2260 | −0.436% | $58.3M | $128.4M | 50x | as long as short |
| MEXC ARB_USDT | −0.0108% | 8h | 0.2261 | −0.414% | $38.0M | $59.9M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0107% | 8h | 0.2261 | −0.401% | $22.8M | $159.5M | 50x | as long as short |
| SoDEX ARB-USD | −0.0088% | 1h | 0.2262 | −0.366% | $4K | $2.6M | 5x | as long as short |
| Orderly PERP_ARB_USDC | −0.0038% | 8h | 0.2262 | −0.352% | $13K | $395K | 10x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
Variational Omni ARB
01 Exchange ARBUSD
Bybit ARBUSDT
MEXC ARB_USDT
OKX ARB-USDT-SWAP
SoDEX ARB-USD
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ARB_USDT | −0.0001% | 8h | 0.2260 | −0.423% | $5.4M | $20.3M | 60x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2262 | −0.368% | $67K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2264 | −0.281% | $55K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0014% | 8h | 0.2260 | −0.423% | $66.5M | $313.7M | 75x | as long as short |
| Extended ARB-USD | +0.0016% | 1h | 0.2259 | −0.464% | $361K | $2.3M | 25x | as long as short |
| BloFin ARB-USDT | +0.0055% | 8h | 0.2263 | −0.308% | $3.2M | $2.8M | 75x | as long as short |
| Bitget ARBUSDT | +0.0062% | 8h | 0.2262 | −0.352% | $21.4M | $36.0M | 50x | as long as short |
| BingX ARB-USDC | +0.0063% | 8h | 0.2261 | −0.383% | — | $6.5M | — | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2263 | −0.321% | $148K | $12K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2264 | −0.278% | $1.4M | $7.5M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2264 | −0.256% | $40.8M | $47.5M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2263 | −0.295% | $705K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2263 | −0.310% | $48K | $184K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2262 | −0.348% | $19.7M | $16.1M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2259 | −0.478% | $40K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2259 | −0.499% | $483K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2262 | −0.352% | $122K | $296K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2266 | −0.176% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2262 | −0.357% | $293K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2263 | −0.308% | $5.2M | $13.1M | 50x | as long as short |
| Coinbase International ARB-PERP-INTXlong | +0.0216% | 1h | 0.2270 | long leg | $512K | $2.3M | 50x | |
| Kraken Futures PF_ARBUSD | +0.0236% | 1h | 0.2265 | −0.218% | $1.1M | $4.9M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2262 | −0.371% | $2K | $695 | 20x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0296% / S −0.0186% | 1h | 0.2263 | −0.290% | $926K | — | 150x | as long as short |
| RISEx ARB/USDC | +0.0330% | 1h | 0.2263 | −0.328% | $514K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0474% | 1h | 0.2265 | −0.216% | $1.0M | $2.9M | 20x | as long as short |
Gate ARB_USDT
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
BloFin ARB-USDT
Bitget ARBUSDT
BingX ARB-USDC
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Kraken Futures PF_ARBUSD
Reya ARBRUSDPERP
GMX ARB/USD [ARB-USDC]
RISEx ARB/USDC
Backpack ARB_USDC_PERP