Funding you earn now, next payment 22:00 UTC−0.0348%/8h= −38.1% APRnext payment −$0.43 per $10,000 · paid last 24h −0.128%
Price spread now: SoDEX against Coinbase International−0.183%7-day average −0.165% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$510.510% of the position
Funding, last 3 days (all we have)−0.298%−$30 on $10k
+Price spread, last 3 days (all we have)−0.026%−$3 · spread now −0.183%, 7d avg −0.165%
=The price spread sits at its 7-day average of −0.165%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ARB-PERP-INTX | 0.2236 | 0.0264 | pay 0.0033% / 1h | 45m 41s | $507K | $2.5M | 50x |
| Short | SoDEX ARB-USD | 0.2232 | −0.0084 | pay 0.0010% / 1h | 45m 41s | $4K | $2.8M | 5x |
Coinbase International ARB-PERP-INTX
SoDEX ARB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- −$73
- Price spread: −0.183% → −0.165%
- −$1.84
- Slippage, 4 orders
- −$33.04
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$125.88
- Costs to cover
- 0.510%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 3 min ago; SoDEX: live order book, 3 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 | 8.98 bp | 19.6 bp −$20 | 38.0 bp −$380 | doesn't fit | doesn't fit |
| Sell SoDEX live order book, 3 min ago | 0.22 bp | 5.7 bp −$6 | 18.9 bp −$189 | 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 | 0.2215 | −0.939% | $40K | $283K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0240% | 1h | 0.2228 | −0.340% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0154% | 8h | 0.2222 | −0.637% | $1.9M | $2.8M | — | as long as short |
| Bybit ARBUSDT | −0.0137% | 8h | 0.2233 | −0.125% | $57.4M | $136.0M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0104% | 8h | 0.2233 | −0.116% | $22.2M | $163.4M | 50x | as long as short |
| MEXC ARB_USDT | −0.0104% | 8h | 0.2234 | −0.089% | $36.5M | $62.2M | 200x | as long as short |
| SoDEX ARB-USDshort | −0.0084% | 1h | 0.2232 | −0.183% | $4K | $2.8M | 5x | |
| Polymarket Perps ARB-USD | −0.0074% | 1h | 0.2229 | −0.322% | $76K | $2.2M | 10x | as long as short |
| Orderly PERP_ARB_USDC | −0.0024% | 8h | 0.2230 | −0.268% | $10K | $393K | 10x | as long as short |
| Extended ARB-USD | −0.0016% | 1h | 0.2232 | −0.170% | $355K | $2.4M | 25x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Variational Omni ARB
Bybit ARBUSDT
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Polymarket Perps ARB-USD
Orderly PERP_ARB_USDC
Extended ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDT | −0.0012% | 8h | 0.2234 | −0.070% | $63.7M | $322.8M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2234 | −0.072% | $66K | $4K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2233 | −0.152% | $26K | $32K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2232 | −0.197% | $55K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0019% | 8h | 0.2234 | −0.089% | $5.5M | $20.6M | 60x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2233 | −0.141% | $146K | $12K | 3x | as long as short |
| Bitget ARBUSDT | +0.0082% | 8h | 0.2234 | −0.089% | $20.9M | $38.0M | 50x | as long as short |
| BingX ARB-USDC | +0.0083% | 8h | 0.2233 | −0.152% | — | $6.5M | — | as long as short |
| Kraken Futures PF_ARBUSD | +0.0085% | 1h | 0.2235 | −0.061% | $1.1M | $5.2M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2235 | −0.031% | $1.3M | $7.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2236 | +0.022% | $39.9M | $52.2M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2234 | −0.101% | $694K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2235 | −0.067% | $44K | $197K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2235 | −0.049% | $20.6M | $16.9M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2223 | −0.593% | $36K | $459K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2223 | −0.575% | $478K | $4.0M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2222 | −0.626% | $120K | $294K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2233 | −0.134% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2232 | −0.179% | $275K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2231 | −0.224% | $5.2M | $13.5M | 50x | as long as short |
| BloFin ARB-USDT | +0.0106% | 8h | 0.2229 | −0.326% | $3.0M | $3.3M | 75x | as long as short |
| Coinbase International ARB-PERP-INTXlong | +0.0264% | 1h | 0.2236 | long leg | $507K | $2.5M | 50x | |
| GMX ARB/USD [ARB-USDC] | L +0.0274% / S −0.0157% | 1h | 0.2231 | −0.215% | $834K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2229 | −0.331% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0363% | 1h | 0.2231 | −0.228% | $492K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0586% | 1h | 0.2236 | +0.004% | $1.1M | $2.7M | 20x | as long as short |
Binance ARBUSDT
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Aevo ARB-PERP
Bitget ARBUSDT
BingX ARB-USDC
Kraken Futures PF_ARBUSD
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
BloFin ARB-USDT
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP