Funding you earn now, next payment 01:00 UTC−0.0226%/8h= −24.8% APRnext payment −$0.28 per $10,000 · paid last 24h +0.052%
Price spread now: Coinbase International against RISEx+0.070%7-day average +0.128% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$680.684% of the position
Funding, last 3 days (all we have)−0.054%−$5 on $10k
+Price spread, last 3 days (all we have)+0.384%+$38 · spread now +0.070%, 7d avg +0.128%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Coinbase International is 0.058% cheaper against RISEx than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.128%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.054% in total (about -5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.28 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx ARB/USDC | 0.2216 | 0.0466 | pay 0.0058% / 1h | 19m 34s | $477K | $2.7M | 10x |
| Short | Coinbase International ARB-PERP-INTX | 0.2217 | 0.0240 | get 0.0030% / 1h | 19m 34s | $507K | $2.1M | 50x |
RISEx ARB/USDC
Coinbase International ARB-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against RISEx. 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
- −$47.5
- Price spread: +0.070% → +0.128%
- −$5.81
- Slippage, 4 orders
- −$52.43
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$121.75
- Costs to cover
- 0.684%
- Break-even
- never at this rate
Slippage from RISEx: live order book, 4 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 RISEx live order book, 4 min ago | 3.60 bp | 7.0 bp −$7 | 28.9 bp −$289 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 4 min ago | 8.99 bp | 28.0 bp −$28 | 58.6 bp −$586 | doesn't fit | doesn't fit |
ARB on 35 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 | −0.1692% | 1h | 0.2215 | −0.029% | $40K | $372K | 12x | as long as short |
| SoDEX ARB-USD | −0.0231% | 1h | 0.2215 | −0.043% | $10K | $2.5M | 5x | as long as short |
| 01 Exchange ARBUSD | −0.0224% | 1h | 0.2215 | −0.047% | $7K | $2K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0201% | 1h | 0.2215 | −0.016% | $24K | $34K | 25x | as long as short |
| Variational Omni ARB | −0.0167% | 8h | 0.2218 | +0.094% | $1.9M | $2.9M | — | as long as short |
| OKX ARB-USDT-SWAP | −0.0124% | 8h | 0.2213 | −0.110% | $22.4M | $156.4M | 50x | as long as short |
| MEXC ARB_USDT | −0.0123% | 8h | 0.2213 | −0.133% | $39.3M | $60.2M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0061% | 8h | 0.2216 | +0.016% | $12K | $383K | 10x | as long as short |
| Gate ARB_USDT | −0.0061% | 8h | 0.2214 | −0.083% | $5.4M | $19.9M | 60x | as long as short |
| Bybit ARBUSDT | −0.0038% | 8h | 0.2214 | −0.083% | $56.6M | $128.6M | 50x | as long as short |
Injective ARB/USDC PERP
SoDEX ARB-USD
01 Exchange ARBUSD
Deribit ARB_USDC-PERPETUAL
Variational Omni ARB
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Orderly PERP_ARB_USDC
Gate ARB_USDT
Bybit ARBUSDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDT | −0.0002% | 8h | 0.2215 | −0.040% | $64.5M | $317.1M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2215 | −0.048% | $66K | $5K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2213 | −0.130% | $355K | $2.5M | 25x | as long as short |
| ApeX Omni ARBUSDT | +0.0001% | 1h | 0.2225 | +0.422% | $120K | $286K | 50x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0011% | 1h | 0.2217 | +0.039% | $10K | — | 150x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2216 | +0.016% | $141K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2215 | −0.016% | $1.2M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2217 | +0.038% | $38.7M | $51.8M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2216 | +0.025% | $660K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2215 | −0.041% | $42K | $184K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2213 | −0.115% | $19.5M | $15.8M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2215 | −0.029% | $21.2M | $36.4M | 50x | as long as short |
| BingX ARB-USDC | +0.0100% | 8h | 0.2215 | −0.016% | — | $6.5M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2220 | +0.201% | $40K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2224 | +0.361% | $474K | $3.7M | 10x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2216 | +0.034% | $74K | $2.1M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2216 | +0.016% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2215 | −0.025% | $297K | $996K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2214 | −0.074% | $5.0M | $13.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTXshort | +0.0240% | 1h | 0.2217 | +0.070% | $507K | $2.1M | 50x | |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2217 | +0.051% | $827K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2215 | −0.019% | $2K | $695 | 20x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0312% | 1h | 0.2217 | +0.064% | $1.1M | $4.7M | 50x | as long as short |
| RISEx ARB/USDClong | +0.0466% | 1h | 0.2216 | long leg | $477K | $2.7M | 10x | |
| Backpack ARB_USDC_PERP | +0.0533% | 1h | 0.2219 | +0.151% | $1.0M | $2.9M | 20x | as long as short |
Binance ARBUSDT
dYdX ARB-USD
Extended ARB-USD
ApeX Omni ARBUSDT
gTrade (Gains Network) ARB/USD
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDC
edgeX ARBUSDC
GRVT ARB_USDT_Perp
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Kraken Futures PF_ARBUSD
Backpack ARB_USDC_PERP