My base is compacted diamond dust (same stuff used on baseball diamonds) and the sub base was some form of road base gravel; I don’t remember exactly what. My site was naturally almost level to start with.
Our farm is literally in the local gravel district zone, so I was able to use gravel from my own property. Top soil was scalped, then sub base was compacted with one of those steam roller they use for making roads. Diamond dust was brought in. The local gravel pit is less than a mile down the road and they do all the screening right there, so I had all of what I needed at very close disposal. I literally went to the pit to look at it.
Base layer was laser leveled with 1 degree crown and then roller compacted as well. Then it sat over a winter to make sure we didn’t get any frost heaving. Indoor arena was build right over the base the next summer. (If I’d run short of money, plan B was to just bring in sand footing and use as an outdoor arena. I was lucky and we were able to go ahead with the indoor.) Since you don’t mention it, I assume you are building an outdoor. If you are planning an indoor, look very carefully at the price breaks on truss spans. I originally wanted to go wider, but 62 feet was a real sweet spot. Next widest span was only a few feet more and cost A LOT more.
IIRC, both the sub base and base are 6 inches each, the base may actually only be 4 inches. Mine is primarily a dressage arena (although my kids did some low level jumping in it, nothing more than 3 ft.) I used some of the recommendations from the booklet on footing that USDF put out years ago. My sand footing is 2 inches deep. Start shallow, it’s much easier to add a little more than to take footing out. Reread that bold. It will save a big PITA, from what others have told me. Make sure your sand is angular sand. Round sand, such as beach sand, will be like riding on marbles. The hooves can’t get a good purchase.
I did not use any geotextiles.
I built this arena close to 15 years ago now, so don’t remember the price off the top of my head. Also probably wouldn’t be very relevant for you. My being so close to the gravel pit and also having access to gravel on my property was a HUGE saving that most people are unlikely to experience. The hauling cost is 80-90% of the cost, the material is actually quite cheap in comparison.
You might want to shop around to see if a pit closest to you has what you need and you can save on the hauling. On the other hand, if it is like it is here, all the major road contractors and excavators buy their gravel from the one pit near me, so there was very little variation in price. I chose my contractor based on their experience and quality of work. There was a wide disparity between knowledge levels among our local contractors; everything from real pros to mere equipment driving dirt haulers.