ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0160%/8h= −17.5% APRnext payment −$0.20 per $10,000 · paid last 24h −0.080%

Price spread now: Aevo against Coinbase International−0.131%7-day average −0.102% · you buy dearer than you sell

Net, funding: paid 7d − costs−$214as in the Funding arb table

Net, price: spread back to 7d avg − costs−$191as in the Price arb table

costs, in and out, $10k−$1881.878% of the position

Long on Coinbase International Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.265%−$26 on $10k

Price spread, last 3 days (all we have)+0.096%+$10 · spread now −0.131%, 7d avg −0.102%

Together, before fees−0.169%−$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Aevo is 0.029% cheaper against Coinbase International than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.102%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ARB-PERP-INTX	0.2225	0.0240	pay 0.0030% / 1h	4m 40s	$508K	$2.1M	50x
Short	Aevo ARB-PERP	0.2222	0.0080	get 0.0010% / 1h	4m 40s	$141K	$7K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Coinbase International. 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 Coinbase InternationalbpFee AevobpOrdersPrice spread, now −0.131%Rate

Funding earned: −$33.6
Price spread: −0.131% → −0.102%: −$2.86
Slippage, 4 orders: −$161.81
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$224.27
Costs to cover: 1.878%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Aevo: live order book, 64 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 Coinbase International live order book, 4 min ago	6.77 bp	16.8 bp −$17	40.5 bp −$405	doesn't fit	doesn't fit
Sell Aevo live order book, 64 min ago	39.70 bp	71.7 bp −$72	doesn't fit	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	0.2211	−0.629%	$40K	$372K	12x	as long as short
SoDEX ARB-USD	−0.0218%	1h	0.2221	−0.184%	$10K	$2.5M	5x	as long as short
01 Exchange ARBUSD	−0.0216%	1h	0.2227	+0.076%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0156%	8h	0.2220	−0.240%	$1.9M	$2.9M	—	as long as short
OKX ARB-USDT-SWAP	−0.0130%	8h	0.2225	+0.018%	$22.4M	$155.9M	50x	as long as short
MEXC ARB_USDT	−0.0129%	8h	0.2224	−0.036%	$39.0M	$60.3M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0069%	8h	0.2220	−0.225%	$13K	$383K	10x	as long as short
Bybit ARBUSDT	−0.0042%	8h	0.2225	−0.013%	$56.7M	$128.2M	50x	as long as short
Gate ARB_USDT	−0.0040%	8h	0.2226	+0.063%	$5.4M	$20.0M	60x	as long as short
Binance ARBUSDT	0.0000%	8h	0.2225	−0.014%	$64.8M	$315.6M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2225	−0.020%	$66K	$5K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2225	+0.005%	$353K	$2.5M	25x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2221	−0.166%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0011%	1h	0.2221	−0.167%	$10K	—	150x	as long as short
Phemex ARBUSDT	+0.0075%	8h	0.2219	−0.270%	$5.0M	$12.9M	50x	as long as short
ApeX Omni ARBUSDT	+0.0076%	1h	0.2220	−0.225%	$120K	$285K	50x	as long as short
Aevo ARB-PERPshort	+0.0080%	1h	0.2222	−0.131%	$141K	$7K	3x
Lighter ARB	+0.0096%	1h	0.2225	−0.018%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2224	−0.063%	$38.7M	$51.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2221	−0.164%	$660K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2224	−0.045%	$42K	$183K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2224	−0.027%	$19.6M	$15.7M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2226	+0.045%	$21.3M	$36.1M	50x	as long as short
BingX ARB-USDT	+0.0100%	8h	0.2226	+0.031%	—	$54.6M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2218	−0.321%	$40K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2206	−0.848%	$479K	$3.7M	10x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2221	−0.189%	$98K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2222	−0.135%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2221	−0.180%	$298K	$991K	50x	as long as short
Coinbase International ARB-PERP-INTXlong	+0.0240%	1h	0.2225	long leg	$508K	$2.1M	50x
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2222	−0.146%	$829K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2220	−0.232%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0311%	1h	0.2222	−0.126%	$1.1M	$4.7M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2228	+0.117%	$481K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0540%	1h	0.2223	−0.067%	$1.0M	$2.8M	20x	as long as short