Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0236%/8h= −25.8% APRpaid last 24h −0.076%

Price spread now: edgeX against Coinbase International−0.089%7-day average −0.154% · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$790.786% of the position

Long on Coinbase International Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.258%−$26 on $10k

Price spread, last 4 days (all we have)−2.758%−$276 · spread now −0.089%, 7d avg −0.154%

Together, before fees−3.016%+ Points / potential airdropedgeX: Active · farm board−$302 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.065% dearer against Coinbase International than usual: you sell high and buy low (spread −0.089% now, against its 7-day average of −0.154%): +$7 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ARB-PERP-INTX	0.2195	0.0336	pay 0.0042% / 1h	35m 23s	$526K	$1.5M	50x
Short	edgeX ARBUSDC	0.2193	0.0100	get 0.0050% / 4h	3h 35m	$40K	$465K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.089%Rate

Funding earned: −$49.56
Price spread: −0.089% → −0.154%: $6.5
Slippage, 4 orders: −$59.61
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$121.67
Costs to cover: 0.786%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; edgeX: live order book, 63 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, 3 min ago	6.38 bp	19.9 bp −$20	39.4 bp −$394	doesn't fit	doesn't fit
Sell edgeX live order book, 63 min ago	11.46 bp	18.7 bp −$19	107.6 bp −$1,076	doesn't fit	doesn't fit

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	−0.1605%	1h	0.2183	−0.547%	$39K	$372K	12x	as long as short
SoDEX ARB-USD	−0.0218%	1h	0.2194	−0.046%	$9K	$2.3M	5x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0205%	1h	0.2195	+0.005%	$28K	$38K	25x	as long as short
Gate ARB_USDT	−0.0173%	8h	0.2195	0.000%	$5.4M	$18.1M	60x	as long as short
Kraken Futures PF_ARBUSD	−0.0168%	1h	0.2195	−0.020%	$1.1M	$4.2M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0086%	8h	0.2194	−0.059%	$22.3M	$145.7M	50x	as long as short
MEXC ARB_USDT	−0.0084%	8h	0.2194	−0.046%	$43.3M	$62.9M	200x	as long as short
01 Exchange ARBUSD	−0.0048%	1h	0.2196	+0.041%	$7K	$236	10x	as long as short
Bybit ARBUSDT	−0.0047%	8h	0.2195	−0.023%	$53.4M	$125.8M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0039%	8h	0.2193	−0.091%	$16K	$414K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2195	−0.007%	$65K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2196	+0.025%	$73K	—	150x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2194	−0.050%	$361K	$3.1M	25x	as long as short
Binance ARBUSDT	+0.0017%	8h	0.2195	+0.008%	$63.4M	$298.9M	75x	as long as short
Variational Omni ARB	+0.0028%	8h	0.2193	−0.096%	$1.8M	$3.0M	—	as long as short
BloFin ARB-USDT	+0.0056%	8h	0.2194	−0.059%	$3.0M	$2.3M	75x	as long as short
Bitget ARBUSDT	+0.0069%	8h	0.2194	−0.046%	$21.0M	$34.7M	50x	as long as short
BingX ARB-USDT	+0.0072%	8h	0.2195	−0.014%	—	$32.8M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2195	−0.016%	$139K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2195	0.000%	$1.3M	$5.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2196	+0.050%	$37.1M	$50.2M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2195	−0.012%	$629K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2196	+0.032%	$43K	$145K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2195	+0.023%	$19.5M	$13.8M	75x	as long as short
edgeX ARBUSDCshort	+0.0100%	4h	0.2193	−0.089%	$40K	$465K	20x
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2195	−0.016%	$474K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2196	+0.046%	$119K	$267K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2197	+0.073%	$74K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2194	−0.046%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2194	−0.064%	$294K	$835K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2196	+0.046%	$4.8M	$12.8M	50x	as long as short
RISEx ARB/USDC	+0.0123%	1h	0.2196	+0.050%	$531K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0199%	1h	0.2196	+0.064%	$981K	$2.8M	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2195	+0.007%	$828K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2193	−0.069%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTXlong	+0.0336%	1h	0.2195	long leg	$526K	$1.5M	50x