Settings8H · net · $10k
Funding arb · Price arb /

ARB

all ARB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0132%/8h= +14.5% APRpaid last 24h +0.078%
Price spread now: Coinbase International against SunX+0.134%7-day average +0.066% · you sell dearer than you buy
Net, funding: paid 7d − costs−$178as in the Funding arb table
Net, price: spread back to 7d avg − costs−$195as in the Price arb table
costs, in and out, $10k−$2022.022% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.238%+$24 on $10k
Price spread, last 3 days (all we have)−0.065%−$6 · spread now +0.134%, 7d avg +0.066%
Together, before fees+0.173%+$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.067% dearer against SunX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.066%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ARB-USDT0.22450.0100pay 0.0100% / 8h7h 31m$2K$1.1M30x
ShortCoinbase International ARB-PERP-INTX0.22480.0232get 0.0029% / 1h31m 35s$506K$2.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against SunX. 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

Funding earned
$27.72
Price spread: +0.134% → +0.066%
$6.72
Slippage, 4 orders
−$184.19
Fee SunX: 4 bp × 2 orders
−$8
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$167.75
Costs to cover
2.022%
Break-even
49.4 days
Slippage from SunX: live order book, 1 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
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 1 min ago31.11 bp63.5 bp −$64doesn't fitdoesn't fitdoesn't fit
Sell Coinbase International live order book, 2 min ago8.90 bp19.3 bp −$1935.7 bp −$357doesn't fitdoesn't fit

ARB on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ARB/USDC PERP−0.1666%1h0.2237−0.356%$40K$372K12xas long as short
Variational Omni ARB−0.0212%8h0.2242−0.138%$1.9M$2.8Mas long as short
Bybit ARBUSDT−0.0155%8h0.2251+0.249%$58.1M$126.4M50xas long as short
Deribit ARB_USDC-PERPETUAL−0.0151%1h0.2246+0.049%$25K$34K25xas long as short
01 Exchange ARBUSD−0.0144%1h0.2250+0.241%$7K$2K10xas long as short
Kraken Futures PF_ARBUSD−0.0138%1h0.2248+0.130%$1.1M$4.9M50xas long as short
OKX ARB-USDT-SWAP−0.0119%8h0.2251+0.290%$22.6M$156.6M50xas long as short
MEXC ARB_USDT−0.0118%8h0.2247+0.098%$38.4M$59.0M200xas long as short
SoDEX ARB-USD−0.0115%1h0.2246+0.036%$4K$2.5M5xas long as short
Orderly PERP_ARB_USDC−0.0046%8h0.2246+0.045%$12K$386K10xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended ARB-USD−0.0008%1h0.2249+0.183%$361K$3.6M25xas long as short
Binance ARBUSDT−0.0007%8h0.2251+0.282%$66.3M$309.8M75xas long as short
dYdX ARB-USD0.0000%1h0.2247+0.109%$66K$4K10xas long as short
gTrade (Gains Network) ARB/USDL +0.0005% / S −0.0006%1h0.2247+0.074%$32K150xas long as short
BingX ARB-USDC+0.0061%8h0.2247+0.102%$6.5Mas long as short
Bitget ARBUSDT+0.0070%8h0.2249+0.178%$21.4M$35.6M50xas long as short
Aevo ARB-PERP+0.0080%1h0.2247+0.074%$142K$7K3xas long as short
Lighter ARB+0.0096%1h0.2249+0.165%$1.4M$7.3M15xas long as short
Hyperliquid ARB+0.0100%1h0.2249+0.165%$40.5M$47.3M10xas long as short
Aster ARBUSDT+0.0100%8h0.2248+0.116%$699K$1.6M20xas long as short
Pacifica ARB+0.0100%1h0.2248+0.156%$44K$186K10xas long as short
Gate ARB_USDT+0.0100%8h0.2250+0.232%$5.4M$19.8M60xas long as short
KuCoin ARBUSDTM+0.0100%8h0.2250+0.236%$19.6M$15.8M75xas long as short
edgeX ARBUSDC+0.0100%4h0.2242−0.139%$40K$462K20xas long as short
GRVT ARB_USDT_Perp+0.0100%8h0.2241−0.178%$479K$3.5M10xas long as short
ApeX Omni ARBUSDT+0.0100%1h0.2246+0.045%$121K$296K50xas long as short
Polymarket Perps ARB-USD+0.0100%1h0.2246+0.027%$64K$2.0M10xas long as short
SunX ARB-USDTlong+0.0100%8h0.2245long leg$2K$1.1M30x
HTX ARB-USDT+0.0100%8h0.2245+0.018%$292K$974K50xas long as short
Phemex ARBUSDT+0.0100%8h0.22450.000%$5.1M$13.0M50xas long as short
BloFin ARB-USDT+0.0111%8h0.2246+0.049%$3.1M$2.8M75xas long as short
Coinbase International ARB-PERP-INTXshort+0.0232%1h0.2248+0.134%$506K$2.2M50x
GMX ARB/USD [ARB-USDC]L +0.0288% / S −0.0175%1h0.2247+0.079%$889K150xas long as short
Reya ARBRUSDPERP+0.0290%1h0.2244−0.023%$2K$69520xas long as short
RISEx ARB/USDC+0.0384%1h0.2252+0.318%$514K$2.7M10xas long as short
Backpack ARB_USDC_PERP+0.0482%1h0.2249+0.174%$1.0M$2.8M20xas long as short