Funding you earn now, next payment 22:00 UTC−0.0026%/8h= −2.9% APRnext payment −$0.03 per $10,000 · paid last 24h +0.023%
Price spread now: Coinbase International against Reya−0.051%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.051% cheaper against Reya than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya ARBRUSDPERP | 0.2260 | 0.0290 | pay 0.0036% / 1h | 4m 11s | $2K | $695 | 20x |
| Short | Coinbase International ARB-PERP-INTX | 0.2259 | 0.0264 | get 0.0033% / 1h | 4m 11s | $509K | $2.3M | 50x |
Reya ARBRUSDPERP
Coinbase International ARB-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Reya. 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
- −$5.54
- Price spread: −0.051% → 0.000%
- −$5.07
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$26.61
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Coinbase International: live order book, 5 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 Reya no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 5 min ago | 6.67 bp | 19.0 bp −$19 | 43.4 bp −$434 | doesn't fit | doesn't fit |
Reya: 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 | −0.1770% | 1h | 0.2242 | −0.803% | $40K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0232% | 1h | 0.2260 | −0.015% | $7K | $2K | 10x | as long as short |
| SoDEX ARB-USD | −0.0188% | 1h | 0.2260 | −0.002% | $4K | $2.7M | 5x | as long as short |
| Variational Omni ARB | −0.0176% | 8h | 0.2250 | −0.451% | $1.9M | $2.7M | — | as long as short |
| Bybit ARBUSDT | −0.0155% | 8h | 0.2259 | −0.042% | $58.4M | $130.8M | 50x | as long as short |
| Polymarket Perps ARB-USD | −0.0126% | 1h | 0.2260 | +0.002% | $67K | $2.0M | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0099% | 8h | 0.2260 | +0.007% | $22.6M | $160.5M | 50x | as long as short |
| MEXC ARB_USDT | −0.0098% | 8h | 0.2260 | −0.024% | $37.5M | $63.1M | 200x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0060% | 1h | 0.2261 | +0.038% | $26K | $32K | 25x | as long as short |
| Orderly PERP_ARB_USDC | −0.0040% | 8h | 0.2260 | −0.006% | $11K | $395K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
SoDEX ARB-USD
Variational Omni ARB
Bybit ARBUSDT
Polymarket Perps ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Deribit ARB_USDC-PERPETUAL
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDT | −0.0003% | 8h | 0.2260 | +0.001% | $65.0M | $314.5M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2260 | +0.006% | $67K | $4K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2260 | −0.009% | $358K | $2.3M | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2262 | +0.073% | $56K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0044% | 8h | 0.2261 | +0.020% | $5.5M | $20.8M | 60x | as long as short |
| BingX ARB-USDC | +0.0066% | 8h | 0.2259 | −0.033% | — | $6.5M | — | as long as short |
| Bitget ARBUSDT | +0.0069% | 8h | 0.2260 | −0.006% | $21.4M | $36.9M | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2262 | +0.068% | $148K | $12K | 3x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0084% | 1h | 0.2262 | +0.094% | $1.1M | $5.1M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2262 | +0.078% | $1.4M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2264 | +0.153% | $40.4M | $48.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2261 | +0.020% | $703K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2260 | +0.007% | $45K | $192K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2261 | +0.042% | $20.8M | $16.3M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2251 | −0.421% | $40K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2248 | −0.536% | $488K | $3.8M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2250 | −0.449% | $121K | $294K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2262 | +0.082% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2261 | +0.033% | $279K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2260 | −0.006% | $5.2M | $13.3M | 50x | as long as short |
| BloFin ARB-USDT | +0.0117% | 8h | 0.2255 | −0.236% | $3.0M | $3.3M | 75x | as long as short |
| Coinbase International ARB-PERP-INTXshort | +0.0264% | 1h | 0.2259 | −0.051% | $509K | $2.3M | 50x | |
| GMX ARB/USD [ARB-USDC] | L +0.0274% / S −0.0156% | 1h | 0.2261 | +0.057% | $849K | — | 150x | as long as short |
| Reya ARBRUSDPERPlong | +0.0290% | 1h | 0.2260 | long leg | $2K | $695 | 20x | |
| RISEx ARB/USDC | +0.0363% | 1h | 0.2262 | +0.060% | $502K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0647% | 1h | 0.2264 | +0.184% | $1.1M | $2.7M | 20x | as long as short |
Binance ARBUSDT
dYdX ARB-USD
Extended ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
BingX ARB-USDC
Bitget ARBUSDT
Aevo ARB-PERP
Kraken Futures PF_ARBUSD
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
GMX ARB/USD [ARB-USDC]
RISEx ARB/USDC
Backpack ARB_USDC_PERP