Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0314%/8h= +34.4% APRpaid last 24h +0.093%

Price spread now: Coinbase International against Gate+0.121%7-day average +0.176% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$880.876% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.406%+$41 on $10k

Price spread, last 3 days (all we have)+0.361%+$36 · spread now +0.121%, 7d avg +0.176%

Together, before fees+0.767%+$77 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.054% cheaper against Gate than usual: you would sell low and buy high (spread +0.121% now, against its 7-day average of +0.176%). If the spread goes back, that is −$5 on $10k: about 14 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ARB_USDT	0.2222	−0.0074	get 0.0074% / 8h	6h 21m	$5.4M	$19.9M	60x
Short	Coinbase International ARB-PERP-INTX	0.2225	0.0240	get 0.0030% / 1h	21m 49s	$508K	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now +0.121%Rate

Funding earned: $65.94
Price spread: +0.121% → +0.176%: −$5.42
Slippage, 4 orders: −$62.63
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$27.1
Costs to cover: 0.876%
Break-even: 9.9 days

Slippage from Gate: live order book, 2 min ago; Coinbase International: live order book, 2 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 Gate live order book, 2 min ago	2.25 bp	17.2 bp −$17	32.5 bp −$325	90.3 bp −$9,032	doesn't fit
Sell Coinbase International live order book, 2 min ago	8.99 bp	28.0 bp −$28	58.6 bp −$586	doesn't fit	doesn't fit

ARB on 35 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	−0.1692%	1h	0.2213	−0.418%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0240%	1h	0.2224	+0.094%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0218%	1h	0.2222	0.000%	$10K	$2.5M	5x	as long as short
Variational Omni ARB	−0.0171%	8h	0.2211	−0.496%	$1.9M	$2.9M	—	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0155%	1h	0.2223	+0.018%	$24K	$34K	25x	as long as short
OKX ARB-USDT-SWAP	−0.0124%	8h	0.2221	−0.072%	$22.4M	$156.9M	50x	as long as short
MEXC ARB_USDT	−0.0124%	8h	0.2221	−0.072%	$39.5M	$60.2M	200x	as long as short
Gate ARB_USDTlong	−0.0074%	8h	0.2222	long leg	$5.4M	$19.9M	60x
Orderly PERP_ARB_USDC	−0.0061%	8h	0.2222	−0.013%	$12K	$383K	10x	as long as short
Bybit ARBUSDT	−0.0054%	8h	0.2221	−0.036%	$56.8M	$128.6M	50x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni ARBUSDT	−0.0028%	1h	0.2219	−0.148%	$120K	$286K	50x	as long as short
Binance ARBUSDT	−0.0002%	8h	0.2222	−0.031%	$64.7M	$317.7M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2224	+0.072%	$66K	$5K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2221	−0.057%	$355K	$2.5M	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0011%	1h	0.2224	+0.096%	$10K	—	150x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2223	+0.036%	$141K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2222	−0.022%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2224	+0.081%	$38.8M	$51.8M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2223	+0.054%	$662K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2223	+0.042%	$42K	$186K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2222	−0.018%	$19.6M	$15.8M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2222	−0.013%	$21.3M	$36.4M	50x	as long as short
BingX ARB-USDT	+0.0100%	8h	0.2223	+0.027%	—	$54.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2211	−0.490%	$40K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2221	−0.060%	$473K	$3.7M	10x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2225	+0.117%	$75K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2224	+0.076%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2223	+0.027%	$298K	$996K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2222	−0.013%	$5.0M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTXshort	+0.0240%	1h	0.2225	+0.121%	$508K	$2.1M	50x
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2224	+0.096%	$830K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2223	+0.041%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0311%	1h	0.2224	+0.095%	$1.1M	$4.7M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2226	+0.169%	$481K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0543%	1h	0.2227	+0.193%	$1.0M	$2.9M	20x	as long as short