ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0156%/8h= −17.1% APRnext payment −$0.20 per $10,000 · paid last 24h −0.129%

Price spread now: SoDEX against Coinbase International−0.219%7-day average −0.165% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$510.509% of the position

Long on Coinbase International Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.325%−$32 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.219%, 7d avg −0.165%

Together, before fees−0.316%−$32 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 SoDEX is 0.053% cheaper against Coinbase International than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.165%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ARB-PERP-INTX	0.2194	0.0256	pay 0.0032% / 1h	19m 34s	$494K	$1.6M	50x
Short	SoDEX ARB-USD	0.2189	0.0100	get 0.0013% / 1h	19m 34s	$10K	$2.2M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.219%Rate

Funding earned: −$32.76
Price spread: −0.219% → −0.165%: −$5.34
Slippage, 4 orders: −$32.86
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$88.96
Costs to cover: 0.509%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; SoDEX: 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	7.77 bp	22.8 bp −$23	32.3 bp −$323	doesn't fit	doesn't fit
Sell SoDEX live order book, 4 min ago	0.92 bp	6.1 bp −$6	18.5 bp −$185	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	−0.1589%	1h	0.2174	−0.912%	$39K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0174%	1h	0.2189	−0.237%	$69K	$2.1M	10x	as long as short
MEXC ARB_USDT	−0.0103%	8h	0.2188	−0.296%	$41.5M	$60.6M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0103%	8h	0.2189	−0.210%	$22.0M	$141.9M	50x	as long as short
Variational Omni ARB	−0.0097%	8h	0.2188	−0.289%	$1.8M	$3.0M	—	as long as short
Orderly PERP_ARB_USDC	−0.0065%	8h	0.2189	−0.228%	$12K	$407K	10x	as long as short
Bybit ARBUSDT	−0.0056%	8h	0.2189	−0.242%	$55.3M	$123.2M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0050%	1h	0.2191	−0.147%	$1.1M	$4.4M	50x	as long as short
01 Exchange ARBUSD	−0.0016%	1h	0.2189	−0.214%	$7K	$2K	10x	as long as short
Gate ARB_USDT	−0.0004%	8h	0.2188	−0.251%	$5.3M	$18.1M	60x	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	0.2188	−0.293%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2190	−0.205%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2190	−0.204%	$44K	—	150x	as long as short
Binance ARBUSDT	+0.0047%	8h	0.2189	−0.219%	$64.0M	$298.5M	75x	as long as short
Extended ARB-USD	+0.0048%	1h	0.2188	−0.280%	$349K	$2.5M	25x	as long as short
Bitget ARBUSDT	+0.0053%	8h	0.2188	−0.273%	$20.8M	$33.8M	50x	as long as short
BingX ARB-USDC	+0.0053%	8h	0.2188	−0.283%	—	$6.5M	—	as long as short
Lighter ARB	+0.0096%	1h	0.2189	−0.242%	$1.3M	$5.5M	15x	as long as short
Aevo ARB-PERP	+0.0096%	1h	0.2190	−0.182%	$139K	$7K	3x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2190	−0.182%	$37.3M	$48.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2189	−0.235%	$630K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2188	−0.264%	$42K	$158K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2189	−0.232%	$19.5M	$14.5M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2188	−0.256%	$38K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2190	−0.182%	$468K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2190	−0.182%	$118K	$283K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2191	−0.137%	$2K	$1.1M	30x	as long as short
SoDEX ARB-USDshort	+0.0100%	1h	0.2189	−0.219%	$10K	$2.2M	5x
HTX ARB-USDT	+0.0100%	8h	0.2189	−0.214%	$297K	$885K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2189	−0.228%	$5.0M	$12.8M	50x	as long as short
RISEx ARB/USDC	+0.0118%	1h	0.2189	−0.216%	$468K	$2.6M	10x	as long as short
BloFin ARB-USDT	+0.0166%	8h	0.2187	−0.305%	$3.1M	$2.5M	75x	as long as short
Coinbase International ARB-PERP-INTXlong	+0.0256%	1h	0.2194	long leg	$494K	$1.6M	50x
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2190	−0.201%	$826K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2189	−0.232%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0561%	1h	0.2192	−0.096%	$985K	$2.8M	20x	as long as short