ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.00 per $10,000 · paid last 24h +0.022%

Price spread now: Coinbase International against Reya+0.221%48s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Coinbase International is 0.221% dearer against Reya than usual: you sell high and buy low, +$22 on $10k if it goes back to zero (this spread has no 7-day history yet). 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	Reya ARBRUSDPERP	0.2218	0.0289	pay 0.0036% / 1h	6m 24s	$2K	$695	20x
Short	Coinbase International ARB-PERP-INTX	0.2223	0.0288	get 0.0036% / 1h	6m 24s	$515K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Reya. 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 ReyabpFee Coinbase InternationalbpOrdersPrice spread, now +0.221%Rate

Funding earned: −$0.16
Price spread: +0.221% → 0.000%: $22.14
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $5.98
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Coinbase International: live order book, 2 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 2 min ago	13.28 bp	28.9 bp −$29	68.0 bp −$680	doesn't fit	doesn't fit

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 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	−0.1581%	1h	0.2207	−0.500%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0136%	1h	0.2222	+0.181%	$7K	$236	10x	as long as short
Variational Omni ARB	−0.0090%	8h	0.2206	−0.560%	$1.8M	$3.0M	—	as long as short
Polymarket Perps ARB-USD	−0.0085%	1h	0.2220	+0.082%	$76K	$2.1M	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0073%	1h	0.2225	+0.316%	$1.1M	$4.5M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0055%	8h	0.2223	+0.203%	$22.1M	$146.8M	50x	as long as short
MEXC ARB_USDT	−0.0054%	8h	0.2223	+0.235%	$41.8M	$62.0M	200x	as long as short
Bybit ARBUSDT	−0.0052%	8h	0.2223	+0.244%	$55.0M	$126.4M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0044%	8h	0.2223	+0.221%	$12K	$406K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2220	+0.068%	$66K	$5K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2224	+0.262%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2224	+0.266%	$44K	—	150x	as long as short
Bitget ARBUSDT	+0.0056%	8h	0.2223	+0.221%	$21.3M	$34.7M	50x	as long as short
Gate ARB_USDT	+0.0081%	8h	0.2223	+0.221%	$5.5M	$18.4M	60x	as long as short
RISEx ARB/USDC	+0.0086%	1h	0.2222	+0.155%	$484K	$2.6M	10x	as long as short
Lighter ARB	+0.0096%	1h	0.2219	+0.027%	$1.3M	$5.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2222	+0.163%	$37.3M	$49.1M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2224	+0.247%	$638K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2219	+0.063%	$43K	$150K	10x	as long as short
Binance ARBUSDT	+0.0100%	8h	0.2224	+0.257%	$63.6M	$300.9M	75x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2222	+0.158%	$19.8M	$14.4M	75x	as long as short
BingX ARB-USDT	+0.0100%	8h	0.2224	+0.266%	—	$54.0M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2208	−0.475%	$39K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2207	−0.500%	$473K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2206	−0.545%	$119K	$281K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2224	+0.266%	$2K	$1.1M	30x	as long as short
SoDEX ARB-USD	+0.0100%	1h	0.2224	+0.257%	$9K	$2.2M	5x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2222	+0.181%	$297K	$885K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2221	+0.131%	$5.0M	$12.8M	50x	as long as short
Extended ARB-USD	+0.0104%	1h	0.2222	+0.191%	$352K	$2.8M	25x	as long as short
Aevo ARB-PERP	+0.0104%	1h	0.2225	+0.292%	$141K	$7K	3x	as long as short
BloFin ARB-USDT	+0.0220%	8h	0.2223	+0.203%	$3.0M	$2.4M	75x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0277% / S −0.0159%	1h	0.2224	+0.279%	$841K	—	150x	as long as short
Coinbase International ARB-PERP-INTXshort	+0.0288%	1h	0.2223	+0.221%	$515K	$1.6M	50x
Reya ARBRUSDPERPlong	+0.0289%	1h	0.2218	long leg	$2K	$695	20x
Backpack ARB_USDC_PERP	+0.0744%	1h	0.2225	+0.312%	$998K	$2.8M	20x	as long as short