Funding you earn now, next payment 05:00 UTC−0.0208%/8h= −22.8% APRnext payment −$0.26 per $10,000 · paid last 24h −0.098%
Price spread now: Extended against Coinbase International−0.934%7-day average −0.260% · you buy dearer than you sell
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$600.604% of the position
Funding, last 7 days−0.386%−$39 on $10k
+Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.934%, 7d avg −0.260%
=Together, before fees−0.366%+ Points / potential airdropExtended: Active · farm board−$37 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Extended is 0.674% cheaper against Coinbase International than usual: you would sell low and buy high (−$67 if the spread goes back to its 7-day average of −0.260%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ARB-PERP-INTX | 0.2196 | 0.0288 | pay 0.0036% / 1h | 34m 34s | $506K | $1.6M | 50x |
| Short | Extended ARB-USD | 0.2175 | 0.0080 | get 0.0010% / 1h | 34m 34s | $348K | $2.8M | 25x |
Coinbase International ARB-PERP-INTX
Extended ARB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$43.68
- Price spread: −0.934% → −0.260%
- −$67.4
- Slippage, 4 orders
- −$45.35
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$171.43
- Costs to cover
- 0.604%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 4 min ago; Extended: live order book, 4 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 | 4.59 bp | 21.6 bp −$22 | 52.6 bp −$526 | doesn't fit | doesn't fit |
| Sell Extended live order book, 4 min ago | 9.19 bp | 11.7 bp −$12 | 74.2 bp −$742 | 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 | −0.1581% | 1h | 0.2181 | −0.679% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0168% | 1h | 0.2175 | −0.961% | $7K | $236 | 10x | as long as short |
| Variational Omni ARB | −0.0097% | 8h | 0.2186 | −0.459% | $1.8M | $3.0M | — | as long as short |
| Polymarket Perps ARB-USD | −0.0093% | 1h | 0.2193 | −0.114% | $78K | $2.1M | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0083% | 8h | 0.2176 | −0.924% | $21.5M | $142.3M | 50x | as long as short |
| MEXC ARB_USDT | −0.0082% | 8h | 0.2176 | −0.888% | $41.7M | $61.2M | 200x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0074% | 1h | 0.2192 | −0.164% | $1.1M | $4.4M | 50x | as long as short |
| Bybit ARBUSDT | −0.0072% | 8h | 0.2175 | −0.975% | $54.0M | $123.9M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0054% | 8h | 0.2192 | −0.178% | $12K | $408K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2178 | −0.831% | $64K | $5K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Variational Omni ARB
Polymarket Perps ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Kraken Futures PF_ARBUSD
Bybit ARBUSDT
Orderly PERP_ARB_USDC
dYdX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2193 | −0.123% | $23K | $33K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2192 | −0.164% | $44K | — | 150x | as long as short |
| Bitget ARBUSDT | +0.0053% | 8h | 0.2175 | −0.952% | $20.8M | $34.3M | 50x | as long as short |
| Gate ARB_USDT | +0.0057% | 8h | 0.2177 | −0.852% | $5.4M | $18.2M | 60x | as long as short |
| BingX ARB-USDT | +0.0072% | 8h | 0.2177 | −0.883% | — | $53.8M | — | as long as short |
| Extended ARB-USDshort | +0.0080% | 1h | 0.2175 | −0.934% | $348K | $2.8M | 25x | |
| Binance ARBUSDT | +0.0082% | 8h | 0.2176 | −0.915% | $62.3M | $300.3M | 75x | as long as short |
| RISEx ARB/USDC | +0.0086% | 1h | 0.2176 | −0.897% | $435K | $2.6M | 10x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2179 | −0.783% | $1.2M | $5.5M | 15x | as long as short |
| Aevo ARB-PERP | +0.0096% | 1h | 0.2193 | −0.112% | $139K | $7K | 3x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2181 | −0.669% | $36.6M | $48.7M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2179 | −0.768% | $628K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2178 | −0.797% | $42K | $160K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2177 | −0.852% | $19.4M | $14.4M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2184 | −0.562% | $39K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2184 | −0.542% | $472K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2185 | −0.496% | $118K | $282K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2195 | −0.041% | $1K | $1.1M | 30x | as long as short |
| SoDEX ARB-USD | +0.0100% | 1h | 0.2192 | −0.187% | $9K | $2.2M | 5x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2194 | −0.100% | $292K | $894K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2191 | −0.223% | $4.9M | $12.7M | 50x | as long as short |
| BloFin ARB-USDT | +0.0202% | 8h | 0.2189 | −0.314% | $3.0M | $2.4M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0277% / S −0.0159% | 1h | 0.2193 | −0.150% | $830K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTXlong | +0.0288% | 1h | 0.2196 | long leg | $506K | $1.6M | 50x | |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2193 | −0.115% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0720% | 1h | 0.2190 | −0.287% | $982K | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Bitget ARBUSDT
Gate ARB_USDT
BingX ARB-USDT
Binance ARBUSDT
RISEx ARB/USDC
Lighter ARB
Aevo ARB-PERP
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
SoDEX ARB-USD
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP