Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h +0.077%

Price spread now: Coinbase International against HTX+0.158%7-day average +0.161% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1261.256% of the position

Long on HTX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.240%+$24 on $10k

Price spread, last 3 days (all we have)+0.006%+$1 · spread now +0.158%, 7d avg +0.161%

Together, before fees+0.246%+$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.161%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ARB-USDT	0.2214	0.0100	pay 0.0100% / 8h	6h 47m	$296K	$1.0M	50x
Short	Coinbase International ARB-PERP-INTX	0.2218	0.0240	get 0.0030% / 1h	47m 59s	$507K	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against HTX. 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 HTXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.158%Rate

Funding earned: $29.4
Price spread: +0.158% → +0.161%: −$0.32
Slippage, 4 orders: −$103.63
Fee HTX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$96.55
Costs to cover: 1.256%
Break-even: 30.0 days

Slippage from HTX: live order book, 1 min ago; Coinbase International: live order book, 1 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 HTX live order book, 1 min ago	17.38 bp	41.9 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	11.29 bp	24.7 bp −$25	48.3 bp −$483	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	−0.1692%	1h	0.2202	−0.560%	$40K	$372K	12x	as long as short
ApeX Omni ARBUSDT	−0.0820%	1h	0.2212	−0.108%	$119K	$295K	50x	as long as short
01 Exchange ARBUSD	−0.0216%	1h	0.2211	−0.135%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0189%	8h	0.2213	−0.049%	$1.9M	$2.9M	—	as long as short
SoDEX ARB-USD	−0.0156%	1h	0.2212	−0.117%	$10K	$2.5M	5x	as long as short
OKX ARB-USDT-SWAP	−0.0103%	8h	0.2217	+0.104%	$22.4M	$157.5M	50x	as long as short
MEXC ARB_USDT	−0.0102%	8h	0.2219	+0.190%	$37.3M	$58.9M	200x	as long as short
Bybit ARBUSDT	−0.0072%	8h	0.2217	+0.099%	$57.1M	$129.3M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0054%	8h	0.2212	−0.108%	$12K	$385K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0021%	1h	0.2212	−0.090%	$24K	$34K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2215	+0.007%	$66K	$5K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2212	−0.089%	$31K	—	150x	as long as short
Binance ARBUSDT	+0.0006%	8h	0.2216	+0.081%	$64.8M	$318.2M	75x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2218	+0.144%	$352K	$2.5M	25x	as long as short
Gate ARB_USDT	+0.0022%	8h	0.2215	+0.009%	$5.4M	$19.7M	60x	as long as short
BloFin ARB-USDT	+0.0029%	8h	0.2212	−0.131%	$3.1M	$2.9M	75x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2213	−0.078%	$140K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2212	−0.099%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2217	+0.122%	$38.2M	$50.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2213	−0.081%	$659K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2215	+0.027%	$42K	$189K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2217	+0.126%	$19.6M	$15.9M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2217	+0.117%	$21.2M	$36.5M	50x	as long as short
BingX ARB-USDC	+0.0100%	8h	0.2214	−0.014%	—	$6.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2208	−0.299%	$40K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2209	−0.260%	$479K	$3.6M	10x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2213	−0.059%	$76K	$2.0M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2211	−0.154%	$1K	$1.1M	30x	as long as short
HTX ARB-USDTlong	+0.0100%	8h	0.2214	long leg	$296K	$1.0M	50x
Phemex ARBUSDT	+0.0100%	8h	0.2213	−0.063%	$5.1M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTXshort	+0.0240%	1h	0.2218	+0.158%	$507K	$2.2M	50x
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2212	−0.109%	$825K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2210	−0.218%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0312%	1h	0.2214	−0.037%	$1.1M	$4.8M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2214	−0.018%	$500K	$2.6M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0474%	1h	0.2217	+0.095%	$999K	$2.9M	20x	as long as short