Funding you earn now, next payment 03:00 UTC+0.0200%/8h= +21.9% APRnext payment +$0.25 per $10,000 · paid last 24h +0.098%
Price spread now: Coinbase International against Extended+0.288%7-day average +0.262% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$680.680% of the position
Funding, last 7 days+0.383%+$38 on $10k
+Price spread, last 4 days (all we have)+1.269%+$127 · spread now +0.288%, 7d avg +0.262%
=Together, before fees+1.652%+ Points / potential airdropExtended: Active · farm board+$165 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Coinbase International is 0.026% dearer against Extended than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.262%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ARB-USD | 0.2210 | 0.0024 | pay 0.0003% / 1h | 20m 00s | $354K | $2.5M | 25x |
| Short | Coinbase International ARB-PERP-INTX | 0.2216 | 0.0224 | get 0.0028% / 1h | 20m 00s | $492K | $2.0M | 50x |
Extended ARB-USD
Coinbase International ARB-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Extended. 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
- $42
- Price spread: +0.288% → +0.262%
- $2.61
- Slippage, 4 orders
- −$53.02
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$23.41
- Costs to cover
- 0.680%
- Break-even
- 10.9 days
Slippage from Extended: live order book, 4 min ago; Coinbase International: 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 Extended live order book, 4 min ago | 9.04 bp | 11.5 bp −$12 | 71.1 bp −$711 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 4 min ago | 6.77 bp | 22.4 bp −$22 | 46.8 bp −$468 | 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 | −0.1649% | 1h | 0.2207 | −0.119% | $40K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0168% | 1h | 0.2210 | +0.034% | $7K | $2K | 10x | as long as short |
| Polymarket Perps ARB-USD | −0.0138% | 1h | 0.2210 | +0.016% | $98K | $2.2M | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0131% | 8h | 0.2212 | +0.084% | $22.3M | $149.1M | 50x | as long as short |
| MEXC ARB_USDT | −0.0130% | 8h | 0.2211 | +0.053% | $42.0M | $60.8M | 200x | as long as short |
| Variational Omni ARB | −0.0098% | 8h | 0.2211 | +0.050% | $1.8M | $2.9M | — | as long as short |
| Orderly PERP_ARB_USDC | −0.0072% | 8h | 0.2211 | +0.062% | $12K | $397K | 10x | as long as short |
| Gate ARB_USDT | −0.0060% | 8h | 0.2212 | +0.084% | $5.3M | $18.8M | 60x | as long as short |
| Bybit ARBUSDT | −0.0025% | 8h | 0.2211 | +0.066% | $55.9M | $127.0M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0006% | 1h | 0.2212 | +0.103% | $1.1M | $4.4M | 50x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Polymarket Perps ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Variational Omni ARB
Orderly PERP_ARB_USDC
Gate ARB_USDT
Bybit ARBUSDT
Kraken Futures PF_ARBUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2214 | +0.179% | $65K | $5K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2211 | +0.062% | $24K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2211 | +0.081% | $32K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0024% | 8h | 0.2212 | +0.084% | $64.3M | $307.7M | 75x | as long as short |
| Extended ARB-USDlong | +0.0024% | 1h | 0.2210 | long leg | $354K | $2.5M | 25x | |
| SoDEX ARB-USD | +0.0034% | 1h | 0.2210 | +0.039% | $10K | $2.3M | 5x | as long as short |
| BingX ARB-USDT | +0.0068% | 8h | 0.2210 | +0.039% | — | $53.9M | — | as long as short |
| Bitget ARBUSDT | +0.0069% | 8h | 0.2210 | +0.016% | $21.0M | $34.8M | 50x | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2212 | +0.089% | $140K | $7K | 3x | as long as short |
| BloFin ARB-USDT | +0.0094% | 8h | 0.2212 | +0.116% | $3.1M | $2.6M | 75x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2211 | +0.057% | $1.2M | $5.8M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2213 | +0.139% | $38.0M | $48.9M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2211 | +0.053% | $636K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2213 | +0.129% | $43K | $169K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2212 | +0.084% | $19.6M | $15.0M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2214 | +0.177% | $40K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2214 | +0.197% | $470K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2217 | +0.333% | $120K | $284K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2213 | +0.152% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2212 | +0.089% | $300K | $951K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2212 | +0.107% | $5.0M | $13.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTXshort | +0.0224% | 1h | 0.2216 | +0.288% | $492K | $2.0M | 50x | |
| RISEx ARB/USDC | +0.0225% | 1h | 0.2213 | +0.132% | $470K | $2.6M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0159% | 1h | 0.2211 | +0.079% | $834K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2209 | −0.016% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0640% | 1h | 0.2214 | +0.202% | $997K | $2.8M | 20x | as long as short |
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
SoDEX ARB-USD
BingX ARB-USDT
Bitget ARBUSDT
Aevo ARB-PERP
BloFin ARB-USDT
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
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP