ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0272%/8h= −29.8% APRnext payment −$0.34 per $10,000 · paid last 24h −0.097%

Price spread now: Extended against Coinbase International−0.129%7-day average −0.264% · you buy dearer than you sell

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$800.801% of the position

Long on Coinbase International Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.370%−$37 on $10k

Price spread, last 3 days (all we have)−1.014%−$101 · spread now −0.129%, 7d avg −0.264%

Together, before fees−1.384%+ Points / potential airdropExtended: Active · farm board−$138 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.136% dearer against Coinbase International than usual: you sell high and buy low (spread −0.129% now, against its 7-day average of −0.264%): +$14 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ARB-PERP-INTX	0.2242	0.0264	pay 0.0033% / 1h	14m 21s	$506K	$2.3M	50x
Short	Extended ARB-USD	0.2239	−0.0008	pay 0.0001% / 1h	14m 21s	$356K	$2.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.129%Rate

Funding earned: −$57.12
Price spread: −0.129% → −0.264%: $13.57
Slippage, 4 orders: −$65.13
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$123.68
Costs to cover: 0.801%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Extended: live order book, 4 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	6.70 bp	22.3 bp −$22	34.2 bp −$342	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	15.64 bp	18.1 bp −$18	77.2 bp −$772	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	−0.1770%	1h	0.2231	−0.491%	$40K	$372K	12x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0241%	1h	0.2239	−0.125%	$26K	$32K	25x	as long as short
01 Exchange ARBUSD	−0.0232%	1h	0.2239	−0.147%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0204%	1h	0.2239	−0.129%	$4K	$2.7M	5x	as long as short
Variational Omni ARB	−0.0168%	8h	0.2236	−0.251%	$1.9M	$2.7M	—	as long as short
Bybit ARBUSDT	−0.0152%	8h	0.2238	−0.174%	$57.8M	$132.9M	50x	as long as short
Polymarket Perps ARB-USD	−0.0134%	1h	0.2239	−0.125%	$73K	$2.0M	10x	as long as short
OKX ARB-USDT-SWAP	−0.0100%	8h	0.2238	−0.156%	$22.5M	$160.3M	50x	as long as short
MEXC ARB_USDT	−0.0099%	8h	0.2240	−0.112%	$37.4M	$62.7M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0038%	8h	0.2239	−0.134%	$10K	$395K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ARB-USDshort	−0.0008%	1h	0.2239	−0.129%	$356K	$2.4M	25x
Binance ARBUSDT	−0.0008%	8h	0.2239	−0.137%	$64.1M	$316.4M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2243	+0.067%	$66K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2241	−0.064%	$56K	—	150x	as long as short
Gate ARB_USDT	+0.0036%	8h	0.2239	−0.116%	$5.5M	$20.7M	60x	as long as short
Bitget ARBUSDT	+0.0066%	8h	0.2239	−0.134%	$21.1M	$37.2M	50x	as long as short
BingX ARB-USDT	+0.0068%	8h	0.2238	−0.156%	—	$53.2M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2240	−0.103%	$146K	$12K	3x	as long as short
Kraken Futures PF_ARBUSD	+0.0085%	1h	0.2245	+0.144%	$1.1M	$5.1M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2243	+0.040%	$1.3M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2242	−0.018%	$40.0M	$50.6M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2240	−0.089%	$696K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2243	+0.046%	$44K	$193K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2240	−0.080%	$20.7M	$16.4M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2238	−0.162%	$40K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2239	−0.112%	$486K	$3.8M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2240	−0.089%	$121K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2241	−0.045%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2242	−0.013%	$277K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2242	0.000%	$5.2M	$13.4M	50x	as long as short
BloFin ARB-USDT	+0.0111%	8h	0.2241	−0.022%	$3.0M	$3.3M	75x	as long as short
Coinbase International ARB-PERP-INTXlong	+0.0264%	1h	0.2242	long leg	$506K	$2.3M	50x
GMX ARB/USD [ARB-USDC]	L +0.0274% / S −0.0156%	1h	0.2240	−0.087%	$840K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2238	−0.175%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0363%	1h	0.2241	−0.042%	$495K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0622%	1h	0.2246	+0.187%	$1.1M	$2.7M	20x	as long as short