Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.078%

Price spread now: Coinbase International against edgeX−0.690%77s7-day average +0.162% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$890.890% of the position

Long on edgeX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.236%+$24 on $10k

Price spread, last 3 days (all we have)+1.292%+$129 · spread now −0.690%, 7d avg +0.162%

Together, before fees+1.528%+ Points / potential airdropedgeX: Active · farm board+$153 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.851% cheaper against edgeX than usual: you would sell low and buy high (spread −0.690% now, against its 7-day average of +0.162%). If the spread goes back, that is −$85 on $10k: about 24 days of funding at the current rate (+$3 a day). The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ARBUSDC	0.2279	0.0100	pay 0.0050% / 4h	24m 18s	$40K	$460K	20x
Short	Coinbase International ARB-PERP-INTX	0.2263	0.0216	get 0.0027% / 1h	24m 18s	$509K	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against edgeX. 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 edgeXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.690%Rate

Funding earned: $24.36
Price spread: −0.690% → +0.162%: −$85.15
Slippage, 4 orders: −$69.98
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$149.77
Costs to cover: 0.890%
Break-even: 50.0 days

Slippage from edgeX: live order book, 54 min ago; Coinbase International: live order book, 5 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 edgeX live order book, 54 min ago	13.40 bp	21.8 bp −$22	100.2 bp −$1,002	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	4.39 bp	22.4 bp −$22	37.0 bp −$370	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	−0.1785%	1h	0.2261	−0.777%	$41K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0269%	1h	0.2266	−0.580%	$74K	$2.0M	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0191%	1h	0.2266	−0.558%	$26K	$32K	25x	as long as short
Variational Omni ARB	−0.0183%	8h	0.2274	−0.216%	$2.0M	$2.8M	—	as long as short
01 Exchange ARBUSD	−0.0176%	1h	0.2266	−0.567%	$7K	$2K	10x	as long as short
Bybit ARBUSDT	−0.0162%	8h	0.2266	−0.575%	$58.5M	$128.3M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0109%	8h	0.2265	−0.584%	$22.9M	$159.5M	50x	as long as short
MEXC ARB_USDT	−0.0108%	8h	0.2266	−0.571%	$37.8M	$59.8M	200x	as long as short
SoDEX ARB-USD	−0.0068%	1h	0.2265	−0.597%	$10K	$2.6M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0038%	8h	0.2266	−0.558%	$13K	$395K	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	0.2269	−0.439%	$67K	$4K	10x	as long as short
Gate ARB_USDT	+0.0002%	8h	0.2265	−0.611%	$5.5M	$20.2M	60x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2267	−0.519%	$55K	—	150x	as long as short
Binance ARBUSDT	+0.0016%	8h	0.2266	−0.564%	$66.5M	$313.0M	75x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2264	−0.624%	$361K	$2.3M	25x	as long as short
Bitget ARBUSDT	+0.0063%	8h	0.2265	−0.602%	$21.3M	$35.9M	50x	as long as short
BloFin ARB-USDT	+0.0064%	8h	0.2268	−0.461%	$3.2M	$2.8M	75x	as long as short
BingX ARB-USDT	+0.0066%	8h	0.2266	−0.580%	—	$53.8M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2268	−0.487%	$148K	$12K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2270	−0.391%	$1.4M	$7.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2269	−0.439%	$41.3M	$47.1M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2266	−0.549%	$706K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2269	−0.446%	$48K	$184K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2267	−0.501%	$19.7M	$16.1M	75x	as long as short
edgeX ARBUSDClong	+0.0100%	4h	0.2279	long leg	$40K	$460K	20x
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2274	−0.207%	$486K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2281	+0.100%	$123K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2269	−0.426%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2263	−0.707%	$289K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2260	−0.821%	$5.2M	$13.1M	50x	as long as short
Coinbase International ARB-PERP-INTXshort	+0.0216%	1h	0.2263	−0.690%	$509K	$2.3M	50x
Kraken Futures PF_ARBUSD	+0.0236%	1h	0.2266	−0.563%	$1.2M	$4.9M	50x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2265	−0.606%	$2K	$695	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0296% / S −0.0186%	1h	0.2267	−0.531%	$926K	—	150x	as long as short
RISEx ARB/USDC	+0.0330%	1h	0.2269	−0.431%	$515K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0467%	1h	0.2271	−0.360%	$1.0M	$2.8M	20x	as long as short