ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0188%/8h= −20.6% APRnext payment −$0.24 per $10,000 · paid last 24h −0.079%

Price spread now: Pacifica against Coinbase International−0.100%7-day average −0.155% · you buy dearer than you sell

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$700.699% of the position

Long on Coinbase International Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.255%−$26 on $10k

Price spread, last 4 days (all we have)−0.684%−$68 · spread now −0.100%, 7d avg −0.155%

Together, before fees−0.939%+ Points / potential airdropPacifica: Active · farm board−$94 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.056% dearer against Coinbase International than usual: you sell high and buy low (spread −0.100% now, against its 7-day average of −0.155%): +$6 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ARB-PERP-INTX	0.2208	0.0288	pay 0.0036% / 1h	31m 02s	$526K	$1.6M	50x
Short	Pacifica ARB	0.2206	0.0100	get 0.0013% / 1h	31m 02s	$43K	$149K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.100%Rate

Funding earned: −$39.48
Price spread: −0.100% → −0.155%: $5.57
Slippage, 4 orders: −$51.86
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$103.77
Costs to cover: 0.699%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Pacifica: live order book, 12 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, 3 min ago	6.80 bp	27.7 bp −$28	55.1 bp −$551	doesn't fit	doesn't fit
Sell Pacifica live order book, 12 min ago	6.54 bp	13.6 bp −$14	doesn't fit	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	−0.1592%	1h	0.2191	−0.783%	$40K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0222%	1h	0.2205	−0.140%	$67K	$2.1M	10x	as long as short
SoDEX ARB-USD	−0.0106%	1h	0.2205	−0.140%	$9K	$2.2M	5x	as long as short
01 Exchange ARBUSD	−0.0104%	1h	0.2205	−0.136%	$7K	$236	10x	as long as short
OKX ARB-USDT-SWAP	−0.0082%	8h	0.2205	−0.149%	$22.1M	$146.0M	50x	as long as short
MEXC ARB_USDT	−0.0081%	8h	0.2205	−0.140%	$41.7M	$61.8M	200x	as long as short
Variational Omni ARB	−0.0062%	8h	0.2209	+0.044%	$1.8M	$3.0M	—	as long as short
Orderly PERP_ARB_USDC	−0.0042%	8h	0.2205	−0.149%	$12K	$407K	10x	as long as short
Bybit ARBUSDT	−0.0018%	8h	0.2206	−0.118%	$54.2M	$126.5M	50x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2207	−0.059%	$65K	$5K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2206	−0.109%	$28K	$38K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2206	−0.100%	$44K	—	150x	as long as short
Gate ARB_USDT	+0.0041%	8h	0.2206	−0.122%	$5.4M	$18.4M	60x	as long as short
RISEx ARB/USDC	+0.0056%	1h	0.2207	−0.072%	$456K	$2.6M	10x	as long as short
Bitget ARBUSDT	+0.0059%	8h	0.2206	−0.104%	$21.3M	$34.8M	50x	as long as short
Binance ARBUSDT	+0.0077%	8h	0.2206	−0.122%	$62.9M	$301.9M	75x	as long as short
Extended ARB-USD	+0.0080%	1h	0.2204	−0.176%	$352K	$2.8M	25x	as long as short
BingX ARB-USDC	+0.0092%	8h	0.2205	−0.168%	—	$6.5M	—	as long as short
Lighter ARB	+0.0096%	1h	0.2205	−0.131%	$1.2M	$5.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2207	−0.054%	$37.2M	$49.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2207	−0.071%	$633K	$1.7M	20x	as long as short
Pacifica ARBshort	+0.0100%	1h	0.2206	−0.100%	$43K	$149K	10x
KuCoin ARBUSDTM	+0.0100%	8h	0.2206	−0.109%	$19.6M	$14.3M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2202	−0.282%	$39K	$464K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2204	−0.195%	$479K	$3.7M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2204	−0.195%	$119K	$281K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2207	−0.059%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2205	−0.149%	$295K	$867K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2205	−0.149%	$4.9M	$12.9M	50x	as long as short
Aevo ARB-PERP	+0.0104%	1h	0.2207	−0.073%	$140K	$7K	3x	as long as short
BloFin ARB-USDT	+0.0197%	8h	0.2205	−0.131%	$3.1M	$2.3M	75x	as long as short
Kraken Futures PF_ARBUSD	+0.0231%	1h	0.2207	−0.042%	$1.1M	$4.5M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2206	−0.089%	$833K	—	150x	as long as short
Coinbase International ARB-PERP-INTXlong	+0.0288%	1h	0.2208	long leg	$526K	$1.6M	50x
Reya ARBRUSDPERP	+0.0289%	1h	0.2205	−0.142%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0618%	1h	0.2210	+0.054%	$992K	$2.8M	20x	as long as short