Funding you earn now, next payment 06:00 UTC−0.0016%/8h= −1.7% APRnext payment −$0.02 per $10,000 · paid last 24h −0.029%
Price spread now: Arcus against Coinbase International+0.240%7-day average +0.186% · 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−$42as in the Price arb table
costs, in and out, $10k−$480.478% of the position
Funding, last 4 days (all we have)−0.047%−$5 on $10k
+Price spread, last 4 days (all we have)−0.268%−$27 · spread now +0.240%, 7d avg +0.186%
=The price spread pays, funding is against you. Arcus is 0.055% dearer against Coinbase International than usual: you sell high and buy low (spread +0.240% now, against its 7-day average of +0.186%): +$5 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 12 days. At the pace of the last 4 days (−0.047% in total) that is about 4.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International BE-PERP-INTX | 270.59 | 0.0056 | pay 0.0007% / 1h | 45m 44s | $473K | $130K | 10x |
| Short | Arcus BE-USD | 271.24 | 0.0040 | get 0.0005% / 1h | 45m 44s | $113K | $109K | 10x |
Coinbase International BE-PERP-INTX
Arcus BE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Coinbase International. 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
- −$3.3
- Price spread: +0.240% → +0.186%
- $5.47
- Slippage, 4 orders
- −$33.28
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$45.61
- Costs to cover
- 0.478%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 62 min ago; Arcus: live order book, 62 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 Coinbase International live order book, 62 min ago | 7.53 bp | 13.9 bp −$14 | 22.0 bp −$220 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 62 min ago | 4.22 bp | 14.9 bp −$15 | 25.5 bp −$255 | doesn't fit | doesn't fit |
BE on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate BE_USDT | −0.0080% | 8h | 270.90 | +0.115% | $1.4M | $3.3M | 50x | as long as short |
| Bitget BEUSDT | −0.0055% | 8h | 271.06 | +0.174% | $1.6M | $2.6M | 20x | as long as short |
| Aster BEUSDT | 0.0000% | 8h | 271.64 | +0.389% | $342K | $122K | 20x | as long as short |
| Extended BE-USD | 0.0000% | 1h | 271.00 | +0.151% | $46K | $257K | 10x | as long as short |
| Binance BEUSDT | 0.0000% | 8h | 270.98 | +0.143% | $8.2M | $37.2M | 25x | as long as short |
| OKX BE-USDT-SWAP | 0.0000% | 8h | 271.00 | +0.152% | $2.6M | $6.8M | 25x | as long as short |
| GRVT BE_USDT_Perp | 0.0000% | 8h | 271.51 | +0.339% | $7K | $157K | 10x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 271.48 | +0.329% | $1K | $2.3M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 271.16 | +0.211% | $12K | $35K | 20x | as long as short |
| Deribit BE_USDC-PERPETUAL | +0.0008% | 1h | 271.09 | +0.185% | $6K | $4K | 10x | as long as short |
Gate BE_USDT
Bitget BEUSDT
Aster BEUSDT
Extended BE-USD
Binance BEUSDT
OKX BE-USDT-SWAP
GRVT BE_USDT_Perp
SunX BE-USDT
HTX BE-USDT
Deribit BE_USDC-PERPETUALShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BE | +0.0032% | 1h | 270.72 | +0.048% | — | — | 10x | as long as short |
| Lighter RH BE | +0.0032% | 1h | 271.01 | +0.155% | $241K | $297K | 10x | as long as short |
| QFEX BE-USD | +0.0040% | 1h | 271.18 | +0.218% | $1.3M | $2.4M | 10x | as long as short |
| Arcus BE-USDshort | +0.0040% | 1h | 271.24 | +0.240% | $113K | $109K | 10x | |
| Vest BE-USD-PERP | +0.0046% | 1h | 271.12 | +0.196% | — | — | 10x | as long as short |
| Bybit BEUSDT | +0.0051% | 8h | 271.14 | +0.203% | $2.0M | $1.1M | 25x | as long as short |
| Coinbase International BE-PERP-INTXlong | +0.0056% | 1h | 270.59 | long leg | $473K | $130K | 10x | |
| tradeXYZ xyz:BE | +0.0096% | 1h | 270.80 | +0.078% | $5.9M | $2.8M | 10x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 271.04 | +0.166% | $366K | $18K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 271.06 | +0.172% | — | — | 10x | as long as short |
| BloFin BE-USDT | +0.0120% | 8h | 271.40 | +0.299% | $45K | $146K | 20x | as long as short |
Lighter BE
Lighter RH BE
QFEX BE-USD
Vest BE-USD-PERP
Bybit BEUSDT
tradeXYZ xyz:BE
KuCoin BEUSDTM
Aevo BE-PERP
BloFin BE-USDT