ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0224%/8h= −24.5% APRnext payment −$0.28 per $10,000 · paid last 24h −0.130%

Price spread now: Deribit against Coinbase International+0.184%7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 0.184% dearer against Coinbase International than usual: you sell high and buy low (spread +0.184% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ARB-PERP-INTX	0.2223	0.0224	pay 0.0028% / 1h	11m 11s	$498K	$2.0M	50x
Short	Deribit ARB_USDC-PERPETUAL	0.2228	0	get 0.0000% / 1h	11m 11s	$25K	$34K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 DeribitbpOrdersPrice spread, now +0.184%Rate

Funding earned: −$47.04
Price spread: +0.184% → 0.000%: $18.44
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$45.6
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 3 min ago; Deribit: no order-book sample. 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 Coinbase International live order book, 3 min ago	9.20 bp	24.8 bp −$25	43.2 bp −$432	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	−0.1577%	1h	0.2213	−0.468%	$40K	$372K	12x	as long as short
Variational Omni ARB	−0.0144%	8h	0.2231	+0.329%	$1.9M	$2.9M	—	as long as short
OKX ARB-USDT-SWAP	−0.0140%	8h	0.2226	+0.139%	$22.4M	$150.3M	50x	as long as short
MEXC ARB_USDT	−0.0140%	8h	0.2227	+0.166%	$38.3M	$59.4M	200x	as long as short
01 Exchange ARBUSD	−0.0112%	1h	0.2225	+0.090%	$7K	$2K	10x	as long as short
Gate ARB_USDT	−0.0110%	8h	0.2225	+0.094%	$5.4M	$19.2M	60x	as long as short
Polymarket Perps ARB-USD	−0.0110%	1h	0.2225	+0.054%	$88K	$2.1M	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0098%	1h	0.2228	+0.217%	$1.1M	$4.4M	50x	as long as short
Bybit ARBUSDT	−0.0078%	8h	0.2227	+0.175%	$56.7M	$125.9M	50x	as long as short
SoDEX ARB-USD	−0.0076%	1h	0.2227	+0.166%	$10K	$2.3M	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ARB_USDC	−0.0075%	8h	0.2227	+0.162%	$13K	$386K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2224	+0.022%	$66K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUALshort	0.0000%	1h	0.2228	+0.184%	$25K	$34K	25x
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0013%	1h	0.2226	+0.137%	$11K	—	150x	as long as short
Binance ARBUSDT	+0.0024%	8h	0.2227	+0.180%	$65.1M	$306.6M	75x	as long as short
Extended ARB-USD	+0.0024%	1h	0.2226	+0.124%	$353K	$2.5M	25x	as long as short
Phemex ARBUSDT	+0.0039%	8h	0.2225	+0.072%	$5.0M	$12.9M	50x	as long as short
Bitget ARBUSDT	+0.0075%	8h	0.2227	+0.162%	$21.2M	$34.6M	50x	as long as short
BingX ARB-USDC	+0.0079%	8h	0.2223	−0.036%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2228	+0.189%	$141K	$7K	3x	as long as short
BloFin ARB-USDT	+0.0095%	8h	0.2228	+0.202%	$3.1M	$2.6M	75x	as long as short
Lighter ARB	+0.0096%	1h	0.2227	+0.166%	$1.2M	$6.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2226	+0.139%	$38.6M	$49.2M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2224	+0.021%	$651K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2224	+0.015%	$42K	$169K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2225	+0.072%	$19.7M	$15.3M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2227	+0.142%	$40K	$460K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2229	+0.251%	$483K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2227	+0.162%	$120K	$283K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2227	+0.162%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2227	+0.175%	$303K	$939K	50x	as long as short
Coinbase International ARB-PERP-INTXlong	+0.0224%	1h	0.2223	long leg	$498K	$2.0M	50x
RISEx ARB/USDC	+0.0232%	1h	0.2227	+0.146%	$484K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2226	+0.119%	$830K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2224	+0.039%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0565%	1h	0.2226	+0.126%	$1.0M	$2.8M	20x	as long as short