Funding you earn now, next payment 10:00 UTC−0.0136%/8h= −14.9% APRnext payment −$0.17 per $10,000 · paid last 24h −0.017%
Price spread now: Reya against Coinbase International−0.745%48s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Reya is 0.745% cheaper against Coinbase International than usual: you would sell low and buy high (−$75 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ARB-PERP-INTX | 0.2196 | 0.0424 | pay 0.0053% / 1h | 47m 29s | $524K | $1.4M | 50x |
| Short | Reya ARBRUSDPERP | 0.2179 | 0.0288 | get 0.0036% / 1h | 47m 29s | $2K | $695 | 20x |
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya 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
- −$28.61
- Price spread: −0.745% → 0.000%
- −$74.53
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$119.14
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: live order book, 4 min ago; Reya: 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, 4 min ago | 11.20 bp | 21.3 bp −$21 | 55.4 bp −$554 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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 exchanges
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 | −0.1736% | 1h | 0.2177 | −0.847% | $39K | $372K | 12x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0231% | 1h | 0.2183 | −0.557% | $1.1M | $4.1M | 50x | as long as short |
| Bybit ARBUSDT | −0.0214% | 8h | 0.2180 | −0.724% | $53.8M | $121.6M | 50x | as long as short |
| SoDEX ARB-USD | −0.0197% | 1h | 0.2183 | −0.560% | $9K | $2.2M | 5x | as long as short |
| OKX ARB-USDT-SWAP | −0.0145% | 8h | 0.2180 | −0.692% | $22.8M | $141.2M | 50x | as long as short |
| MEXC ARB_USDT | −0.0143% | 8h | 0.2180 | −0.724% | $44.3M | $61.1M | 200x | as long as short |
| 01 Exchange ARBUSD | −0.0136% | 1h | 0.2178 | −0.779% | $7K | $414 | 10x | as long as short |
| Extended ARB-USD | −0.0040% | 1h | 0.2179 | −0.741% | $362K | $3.0M | 25x | as long as short |
| Binance ARBUSDT | −0.0038% | 8h | 0.2180 | −0.709% | $63.9M | $288.0M | 75x | as long as short |
| Variational Omni ARB | −0.0033% | 8h | 0.2182 | −0.620% | $1.8M | $2.6M | — | as long as short |
Injective ARB/USDC PERP
Kraken Futures PF_ARBUSD
Bybit ARBUSDT
SoDEX ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
01 Exchange ARBUSD
Extended ARB-USD
Binance ARBUSDT
Variational Omni ARBShow all 36 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ARB_USDC | −0.0018% | 8h | 0.2180 | −0.711% | $16K | $406K | 10x | as long as short |
| Polymarket Perps ARB-USD | −0.0006% | 1h | 0.2180 | −0.729% | $73K | $1.9M | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2183 | −0.553% | $64K | $3K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2184 | −0.524% | $29K | $36K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2184 | −0.528% | $73K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0035% | 8h | 0.2180 | −0.688% | $5.5M | $16.3M | 60x | as long as short |
| Phemex ARBUSDT | +0.0058% | 8h | 0.2183 | −0.574% | $4.7M | $12.6M | 50x | as long as short |
| Aevo ARB-PERP | +0.0072% | 1h | 0.2182 | −0.642% | $138K | $7K | 3x | as long as short |
| ApeX Omni ARBUSDT | +0.0072% | 1h | 0.2185 | −0.483% | $118K | $310K | 50x | as long as short |
| BloFin ARB-USDT | +0.0085% | 8h | 0.2182 | −0.601% | $3.0M | $2.1M | 75x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2182 | −0.606% | $1.3M | $5.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2182 | −0.606% | $35.6M | $49.6M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2182 | −0.642% | $624K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2183 | −0.593% | $54K | $154K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2181 | −0.670% | $18.9M | $13.4M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2180 | −0.711% | $20.9M | $33.4M | 50x | as long as short |
| BingX ARB-USDT | +0.0100% | 8h | 0.2179 | −0.742% | — | $31.6M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2183 | −0.551% | $40K | $466K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2182 | −0.602% | $468K | $3.3M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2186 | −0.437% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2184 | −0.542% | $295K | $813K | 50x | as long as short |
| Backpack ARB_USDC_PERP | +0.0137% | 1h | 0.2186 | −0.419% | $974K | $2.7M | 20x | as long as short |
| RISEx ARB/USDC | +0.0271% | 1h | 0.2185 | −0.485% | $540K | $2.4M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0282% / S −0.0167% | 1h | 0.2182 | −0.640% | $846K | — | 150x | as long as short |
| Reya ARBRUSDPERPshort | +0.0288% | 1h | 0.2179 | −0.745% | $2K | $695 | 20x | |
| Coinbase International ARB-PERP-INTXlong | +0.0424% | 1h | 0.2196 | long leg | $524K | $1.4M | 50x |
Orderly PERP_ARB_USDC
Polymarket Perps ARB-USD
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Phemex ARBUSDT
Aevo ARB-PERP
ApeX Omni ARBUSDT
BloFin ARB-USDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDT
edgeX ARBUSDC
GRVT ARB_USDT_Perp
SunX ARB-USDT
HTX ARB-USDT
Backpack ARB_USDC_PERP
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]