Funding you earn now, next payment 09:00 UTC+0.0440%/8h= +48.1% APRpaid last 24h +0.116%
Price spread now: Coinbase International against Orderly+0.291%7-day average +0.155% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.556%+$56 on $10k
+Price spread, last 4 days (all we have)−0.158%−$16 · spread now +0.291%, 7d avg +0.155%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Coinbase International is 0.136% dearer against Orderly than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.155%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ARB_USDC | 0.2202 | −0.0032 | get 0.0032% / 8h | 6h 56m | $16K | $411K | 10x |
| Short | Coinbase International ARB-PERP-INTX | 0.2208 | 0.0408 | get 0.0051% / 1h | 56m 00s | $529K | $1.5M | 50x |
Orderly PERP_ARB_USDC
Coinbase International ARB-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Orderly. 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
- $92.33
- Price spread: +0.291% → +0.155%
- $13.57
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $89.9
- Costs to cover
- 0.160%
- Break-even
- 0.2 days
Slippage unknown: Orderly: no order-book sample; Coinbase International: live order book, 3 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 3 min ago | 16.32 bp | 36.0 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
Orderly: 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 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 | −0.1631% | 1h | 0.2222 | +0.908% | $40K | $372K | 12x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0389% | 1h | 0.2202 | −0.006% | $1.1M | $4.3M | 50x | as long as short |
| 01 Exchange ARBUSD | −0.0328% | 1h | 0.2200 | −0.086% | $7K | $458 | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0118% | 8h | 0.2198 | −0.168% | $22.5M | $145.8M | 50x | as long as short |
| MEXC ARB_USDT | −0.0117% | 8h | 0.2199 | −0.123% | $43.1M | $62.7M | 200x | as long as short |
| SoDEX ARB-USD | −0.0101% | 1h | 0.2200 | −0.104% | $9K | $2.2M | 5x | as long as short |
| Gate ARB_USDT | −0.0056% | 8h | 0.2199 | −0.123% | $5.4M | $17.6M | 60x | as long as short |
| Bybit ARBUSDT | −0.0034% | 8h | 0.2198 | −0.195% | $53.9M | $124.2M | 50x | as long as short |
| Orderly PERP_ARB_USDClong | −0.0032% | 8h | 0.2202 | long leg | $16K | $411K | 10x | |
| Binance ARBUSDT | −0.0001% | 8h | 0.2199 | −0.120% | $63.8M | $297.5M | 75x | as long as short |
Injective ARB/USDC PERP
Kraken Futures PF_ARBUSD
01 Exchange ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
SoDEX ARB-USD
Gate ARB_USDT
Bybit ARBUSDT
Binance ARBUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2202 | −0.019% | $64K | $4K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2199 | −0.139% | $363K | $3.0M | 25x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2201 | −0.054% | $28K | $37K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2211 | +0.409% | $73K | — | 150x | as long as short |
| Phemex ARBUSDT | +0.0012% | 8h | 0.2201 | −0.045% | $4.8M | $12.8M | 50x | as long as short |
| Variational Omni ARB | +0.0024% | 8h | 0.2210 | +0.352% | $1.8M | $3.0M | — | as long as short |
| BloFin ARB-USDT | +0.0024% | 8h | 0.2202 | −0.005% | $3.0M | $2.3M | 75x | as long as short |
| BingX ARB-USDC | +0.0054% | 8h | 0.2201 | −0.059% | — | $6.5M | — | as long as short |
| Bitget ARBUSDT | +0.0057% | 8h | 0.2200 | −0.091% | $21.1M | $34.6M | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2201 | −0.058% | $140K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2200 | −0.073% | $1.2M | $5.5M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2202 | +0.014% | $35.7M | $51.7M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2202 | −0.014% | $629K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2204 | +0.069% | $44K | $144K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2201 | −0.059% | $19.1M | $13.9M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2205 | +0.159% | $40K | $465K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2216 | +0.635% | $474K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2215 | +0.590% | $120K | $290K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2202 | 0.000% | $74K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2203 | +0.045% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2201 | −0.045% | $298K | $826K | 50x | as long as short |
| RISEx ARB/USDC | +0.0198% | 1h | 0.2203 | +0.023% | $542K | $2.6M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0219% | 1h | 0.2202 | +0.009% | $984K | $2.7M | 20x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0159% | 1h | 0.2202 | −0.023% | $832K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0288% | 1h | 0.2199 | −0.137% | $2K | $695 | 20x | as long as short |
| Coinbase International ARB-PERP-INTXshort | +0.0408% | 1h | 0.2208 | +0.291% | $529K | $1.5M | 50x |
dYdX ARB-USD
Extended ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Phemex ARBUSDT
Variational Omni ARB
BloFin ARB-USDT
BingX ARB-USDC
Bitget ARBUSDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
RISEx ARB/USDC
Backpack ARB_USDC_PERP
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP