BE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0048%/8h= +5.2% APRnext payment +$0.06 per $10,000 · paid last 24h +0.041%

Price spread now: Coinbase International against Arcus+0.121%7-day average −0.164% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$390.393% of the position

Long on Arcus Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.045%+$4 on $10k

Price spread, last 3 days (all we have)−0.109%−$11 · spread now +0.121%, 7d avg −0.164%

Together, before fees−0.064%−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.284% dearer against Arcus than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of −0.164%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus BE-USD	273.80	0.0040	pay 0.0005% / 1h	43m 49s	$114K	$134K	10x
Short	Coinbase International BE-PERP-INTX	274.13	0.0088	get 0.0011% / 1h	43m 49s	$469K	$123K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Arcus. 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 ArcusbpFee Coinbase InternationalbpOrdersPrice spread, now +0.121%Rate

Funding earned: $10.02
Price spread: +0.121% → −0.164%: $28.42
Slippage, 4 orders: −$24.78
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$0.84
Costs to cover: 0.393%
Break-even: 7.6 days

Slippage from Arcus: live order book, 34 min ago; Coinbase International: live order book, 34 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 Arcus live order book, 34 min ago	3.30 bp	6.8 bp −$7	12.3 bp −$123	doesn't fit	doesn't fit
Sell Coinbase International live order book, 34 min ago	5.86 bp	10.9 bp −$11	18.5 bp −$185	doesn't fit	doesn't fit

BE on 21 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
Aster BEUSDT	0.0000%	8h	274.60	+0.292%	$345K	$118K	20x	as long as short
Bybit BEUSDT	0.0000%	8h	274.14	+0.124%	$2.0M	$1.2M	25x	as long as short
Gate BE_USDT	0.0000%	8h	274.00	+0.073%	$1.5M	$3.7M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	274.03	+0.084%	$1.7M	$2.7M	20x	as long as short
SunX BE-USDT	0.0000%	8h	274.06	+0.095%	$1K	$2.6M	10x	as long as short
HTX BE-USDT	0.0000%	8h	274.17	+0.135%	$13K	$33K	20x	as long as short
Lighter BE	+0.0032%	1h	273.72	−0.029%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	273.96	+0.058%	$250K	$380K	10x	as long as short
Arcus BE-USDlong	+0.0040%	1h	273.80	long leg	$114K	$134K	10x
Vest BE-USD-PERP	+0.0046%	1h	273.95	+0.055%	—	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX BE-USD	+0.0073%	1h	273.97	+0.062%	$1.3M	$3.8M	10x	as long as short
Extended BE-USD	+0.0088%	1h	274.13	+0.122%	$46K	$270K	10x	as long as short
Coinbase International BE-PERP-INTXshort	+0.0088%	1h	274.13	+0.121%	$469K	$123K	10x
Binance BEUSDT	+0.0089%	8h	274.19	+0.142%	$8.5M	$37.0M	25x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	273.94	+0.051%	$370K	$23K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	274.00	+0.073%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0117%	1h	273.93	+0.047%	$5.9M	$2.9M	10x	as long as short
GRVT BE_USDT_Perp	+0.0123%	8h	274.11	+0.112%	$7K	$184K	10x	as long as short
BloFin BE-USDT	+0.0207%	8h	274.06	+0.095%	$45K	$141K	20x	as long as short
OKX BE-USDT-SWAP	+0.0236%	8h	274.34	+0.197%	$2.6M	$6.8M	25x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0736%	1h	274.03	+0.084%	$7K	$4K	10x	as long as short