Funding you earn now, next payment 05:00 UTC+0.1869%/8h= +204.6% APRnext payment +$2.34 per $10,000 · paid last 24h +0.587%
Price spread now: Coinbase International against Injective+0.683%7-day average +0.579% · you sell dearer than you buy
Net, funding: paid 7d − costs+$242as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1421.422% of the position
Funding, last 7 days+3.844%+$384 on $10k
+Price spread, last 4 days (all we have)−0.178%−$18 · spread now +0.683%, 7d avg +0.579%
=Both sides work for this trade now. Funding pays +$56 a day on $10k at the current rate, and Coinbase International is 0.104% dearer against Injective than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.579%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective ARB/USDC PERP | 0.2181 | −0.1581 | get 0.0198% / 1h | 35m 02s | $39K | $372K | 12x |
| Short | Coinbase International ARB-PERP-INTX | 0.2196 | 0.0288 | get 0.0036% / 1h | 35m 02s | $506K | $1.6M | 50x |
Injective ARB/USDC PERP
Coinbase International ARB-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Injective. 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
- $392.42
- Price spread: +0.683% → +0.579%
- $10.43
- Slippage, 4 orders
- −$132.16
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $260.67
- Costs to cover
- 1.422%
- Break-even
- 2.4 days
Slippage from Injective: live order book, 14 min ago; Coinbase International: 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 Injective live order book, 14 min ago | 52.60 bp | 52.6 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 4 min ago | 4.59 bp | 15.4 bp −$15 | 40.5 bp −$405 | 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 PERPlong | −0.1581% | 1h | 0.2181 | long leg | $39K | $372K | 12x | |
| 01 Exchange ARBUSD | −0.0168% | 1h | 0.2190 | +0.408% | $7K | $236 | 10x | as long as short |
| Variational Omni ARB | −0.0097% | 8h | 0.2186 | +0.221% | $1.8M | $3.0M | — | as long as short |
| Polymarket Perps ARB-USD | −0.0093% | 1h | 0.2193 | +0.569% | $78K | $2.1M | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0083% | 8h | 0.2182 | +0.028% | $21.6M | $142.7M | 50x | as long as short |
| MEXC ARB_USDT | −0.0082% | 8h | 0.2187 | +0.284% | $42.0M | $61.2M | 200x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0074% | 1h | 0.2192 | +0.518% | $1.1M | $4.4M | 50x | as long as short |
| Bybit ARBUSDT | −0.0068% | 8h | 0.2181 | +0.009% | $54.1M | $123.9M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0054% | 8h | 0.2192 | +0.504% | $12K | $408K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2193 | +0.535% | $65K | $5K | 10x | as long as short |
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 | +0.559% | $23K | $33K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2192 | +0.518% | $44K | — | 150x | as long as short |
| Bitget ARBUSDT | +0.0053% | 8h | 0.2186 | +0.229% | $20.9M | $34.3M | 50x | as long as short |
| Gate ARB_USDT | +0.0060% | 8h | 0.2189 | +0.385% | $5.4M | $18.2M | 60x | as long as short |
| BingX ARB-USDT | +0.0072% | 8h | 0.2185 | +0.202% | — | $53.8M | — | as long as short |
| Extended ARB-USD | +0.0080% | 1h | 0.2191 | +0.465% | $350K | $2.8M | 25x | as long as short |
| Binance ARBUSDT | +0.0082% | 8h | 0.2185 | +0.185% | $62.6M | $300.3M | 75x | as long as short |
| RISEx ARB/USDC | +0.0086% | 1h | 0.2191 | +0.461% | $440K | $2.6M | 10x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2191 | +0.449% | $1.2M | $5.5M | 15x | as long as short |
| Aevo ARB-PERP | +0.0096% | 1h | 0.2193 | +0.571% | $139K | $7K | 3x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2186 | +0.225% | $36.7M | $48.7M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2187 | +0.256% | $630K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2192 | +0.497% | $42K | $160K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2190 | +0.422% | $19.6M | $14.4M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2184 | +0.117% | $39K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2184 | +0.138% | $472K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2185 | +0.183% | $118K | $282K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2195 | +0.642% | $1K | $1.1M | 30x | as long as short |
| SoDEX ARB-USD | +0.0100% | 1h | 0.2192 | +0.495% | $9K | $2.2M | 5x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2194 | +0.582% | $292K | $894K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2191 | +0.459% | $4.9M | $12.7M | 50x | as long as short |
| BloFin ARB-USDT | +0.0202% | 8h | 0.2189 | +0.367% | $3.0M | $2.4M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0277% / S −0.0159% | 1h | 0.2193 | +0.532% | $830K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTXshort | +0.0288% | 1h | 0.2196 | +0.683% | $506K | $1.6M | 50x | |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2193 | +0.567% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0720% | 1h | 0.2190 | +0.394% | $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
Extended ARB-USD
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