Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0188%/8h= −20.6% APRpaid last 24h −0.079%

Price spread now: KuCoin against Coinbase International−0.305%7-day average −0.136% · you buy dearer than you sell

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$870.871% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.249%−$25 on $10k

Price spread, last 4 days (all we have)−0.460%−$46 · spread now −0.305%, 7d avg −0.136%

Together, before fees−0.710%−$71 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and KuCoin is 0.169% cheaper against Coinbase International than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.136%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ARB-PERP-INTX	0.2230	0.0288	pay 0.0036% / 1h	3m 34s	$517K	$1.6M	50x
Short	KuCoin ARBUSDTM	0.2223	0.0100	get 0.0100% / 8h	2h 03m	$19.9M	$14.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.305%Rate

Funding earned: −$39.48
Price spread: −0.305% → −0.136%: −$16.86
Slippage, 4 orders: −$65.14
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$143.48
Costs to cover: 0.871%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; KuCoin: 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	13.28 bp	23.8 bp −$24	65.3 bp −$653	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	1.81 bp	18.6 bp −$19	46.9 bp −$469	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	−0.1581%	1h	0.2208	−0.987%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0128%	1h	0.2223	−0.300%	$7K	$236	10x	as long as short
Polymarket Perps ARB-USD	−0.0100%	1h	0.2221	−0.413%	$76K	$2.1M	10x	as long as short
Variational Omni ARB	−0.0083%	8h	0.2224	−0.271%	$1.8M	$3.0M	—	as long as short
Kraken Futures PF_ARBUSD	−0.0073%	1h	0.2224	−0.258%	$1.1M	$4.5M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0061%	8h	0.2221	−0.404%	$22.1M	$146.8M	50x	as long as short
MEXC ARB_USDT	−0.0058%	8h	0.2222	−0.354%	$41.8M	$62.0M	200x	as long as short
Bybit ARBUSDT	−0.0047%	8h	0.2222	−0.368%	$54.6M	$126.6M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0044%	8h	0.2225	−0.224%	$12K	$406K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0020%	1h	0.2225	−0.220%	$28K	$38K	25x	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	0.2224	−0.285%	$66K	$5K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2227	−0.147%	$44K	—	150x	as long as short
Bitget ARBUSDT	+0.0056%	8h	0.2221	−0.404%	$21.3M	$34.8M	50x	as long as short
Gate ARB_USDT	+0.0079%	8h	0.2223	−0.336%	$5.5M	$18.4M	60x	as long as short
RISEx ARB/USDC	+0.0086%	1h	0.2223	−0.316%	$483K	$2.6M	10x	as long as short
Lighter ARB	+0.0096%	1h	0.2223	−0.336%	$1.3M	$5.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2224	−0.265%	$37.6M	$49.3M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2224	−0.259%	$638K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2222	−0.339%	$43K	$150K	10x	as long as short
Binance ARBUSDT	+0.0100%	8h	0.2221	−0.386%	$63.5M	$301.1M	75x	as long as short
KuCoin ARBUSDTMshort	+0.0100%	8h	0.2223	−0.305%	$19.9M	$14.4M	75x
BingX ARB-USDC	+0.0100%	8h	0.2222	−0.345%	—	$6.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2221	−0.381%	$39K	$464K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2221	−0.405%	$484K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2222	−0.359%	$120K	$281K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2228	−0.090%	$1K	$1.1M	30x	as long as short
SoDEX ARB-USD	+0.0100%	1h	0.2223	−0.309%	$9K	$2.2M	5x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2225	−0.238%	$298K	$884K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2225	−0.224%	$5.0M	$12.8M	50x	as long as short
Extended ARB-USD	+0.0104%	1h	0.2221	−0.388%	$354K	$2.8M	25x	as long as short
Aevo ARB-PERP	+0.0104%	1h	0.2225	−0.224%	$141K	$7K	3x	as long as short
BloFin ARB-USDT	+0.0220%	8h	0.2221	−0.408%	$3.0M	$2.4M	75x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0277% / S −0.0159%	1h	0.2226	−0.166%	$844K	—	150x	as long as short
Coinbase International ARB-PERP-INTXlong	+0.0288%	1h	0.2230	long leg	$517K	$1.6M	50x
Reya ARBRUSDPERP	+0.0289%	1h	0.2220	−0.434%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0744%	1h	0.2228	−0.094%	$999K	$2.8M	20x	as long as short