Funding you earn now, next payment 10:00 UTC+0.0424%/8h= +46.4% APRnext payment +$0.53 per $10,000 · paid last 24h +0.120%
Price spread now: Coinbase International against Deribit+0.055%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Coinbase International is 0.055% dearer against Deribit than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ARB_USDC-PERPETUAL | 0.2170 | 0 | get 0.0000% / 1h | 27m 46s | $29K | $36K | 25x |
| Short | Coinbase International ARB-PERP-INTX | 0.2171 | 0.0424 | get 0.0053% / 1h | 27m 46s | $517K | $1.4M | 50x |
Deribit ARB_USDC-PERPETUAL
Coinbase International ARB-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Deribit. 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
- $89.04
- Price spread: +0.055% → 0.000%
- $5.53
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $77.57
- Costs to cover
- 0.170%
- Break-even
- 0.9 days
Slippage unknown: Deribit: no order-book sample; Coinbase International: live order book, 4 min ago. 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 4 min ago | 6.91 bp | 22.6 bp −$23 | 36.7 bp −$367 | doesn't fit | doesn't fit |
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 exchanges
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 | −0.1736% | 1h | 0.2160 | −0.452% | $39K | $372K | 12x | as long as short |
| Bybit ARBUSDT | −0.0238% | 8h | 0.2169 | −0.055% | $53.5M | $120.8M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0232% | 1h | 0.2170 | +0.027% | $1.1M | $3.9M | 50x | as long as short |
| 01 Exchange ARBUSD | −0.0176% | 1h | 0.2170 | −0.014% | $7K | $414 | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0154% | 8h | 0.2169 | −0.055% | $22.6M | $139.5M | 50x | as long as short |
| MEXC ARB_USDT | −0.0153% | 8h | 0.2170 | −0.014% | $44.4M | $61.6M | 200x | as long as short |
| Polymarket Perps ARB-USD | −0.0147% | 1h | 0.2169 | −0.046% | $70K | $1.9M | 10x | as long as short |
| SoDEX ARB-USD | −0.0141% | 1h | 0.2170 | −0.014% | $9K | $2.2M | 5x | as long as short |
| Variational Omni ARB | −0.0061% | 8h | 0.2167 | −0.123% | $1.8M | $2.6M | — | as long as short |
| Binance ARBUSDT | −0.0051% | 8h | 0.2170 | +0.017% | $63.9M | $285.8M | 75x | as long as short |
Injective ARB/USDC PERP
Bybit ARBUSDT
Kraken Futures PF_ARBUSD
01 Exchange ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Polymarket Perps ARB-USD
SoDEX ARB-USD
Variational Omni ARB
Binance ARBUSDTShow all 36 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended ARB-USD | −0.0048% | 1h | 0.2169 | −0.059% | $360K | $3.0M | 25x | as long as short |
| Orderly PERP_ARB_USDC | −0.0015% | 8h | 0.2169 | −0.037% | $16K | $400K | 10x | as long as short |
| Gate ARB_USDT | −0.0008% | 8h | 0.2169 | −0.028% | $5.5M | $16.5M | 60x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2168 | −0.067% | $63K | $3K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUALlong | 0.0000% | 1h | 0.2170 | long leg | $29K | $36K | 25x | |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2170 | +0.006% | $72K | — | 150x | as long as short |
| Phemex ARBUSDT | +0.0058% | 8h | 0.2169 | −0.037% | $4.6M | $12.5M | 50x | as long as short |
| BloFin ARB-USDT | +0.0070% | 8h | 0.2167 | −0.129% | $3.0M | $2.0M | 75x | as long as short |
| Aevo ARB-PERP | +0.0072% | 1h | 0.2170 | +0.011% | $138K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2171 | +0.041% | $1.3M | $5.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2172 | +0.083% | $35.4M | $49.3M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2171 | +0.055% | $621K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2171 | +0.077% | $54K | $155K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2171 | +0.046% | $18.9M | $13.2M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2170 | +0.009% | $20.8M | $33.1M | 50x | as long as short |
| BingX ARB-USDT | +0.0100% | 8h | 0.2169 | −0.023% | — | $31.3M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2168 | −0.085% | $39K | $467K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2168 | −0.074% | $461K | $3.3M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2168 | −0.083% | $117K | $309K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2171 | +0.055% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2169 | −0.037% | $293K | $794K | 50x | as long as short |
| Backpack ARB_USDC_PERP | +0.0152% | 1h | 0.2173 | +0.143% | $968K | $2.7M | 20x | as long as short |
| RISEx ARB/USDC | +0.0271% | 1h | 0.2171 | +0.057% | $544K | $2.4M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0283% / S −0.0167% | 1h | 0.2169 | −0.033% | $841K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0288% | 1h | 0.2168 | −0.076% | $2K | $695 | 20x | as long as short |
| Coinbase International ARB-PERP-INTXshort | +0.0424% | 1h | 0.2171 | +0.055% | $517K | $1.4M | 50x |
Extended ARB-USD
Orderly PERP_ARB_USDC
Gate ARB_USDT
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Phemex ARBUSDT
BloFin ARB-USDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDT
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Backpack ARB_USDC_PERP
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP