Funding you earn now, next payment 08:00 UTC−0.0115%/8h= −12.6% APRnext payment −$1.15 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Aster+0.036%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$610.609% of the position
Funding, last 7 days−0.116%−$12 on $10k
+Price spread, last 3 days (all we have)+0.633%+$63 · spread now +0.036%, 7d avg +0.005%
=Together, before fees+0.518%+ Points / potential airdropAster: Stage 5 · farm board+$52 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.031% dearer against Aster than usual: you sell high and buy low (spread +0.036% now, against its 7-day average of +0.005%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 7 days (−0.116% in total) that is about 45 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster ARBUSDT | 0.2247 | 0.0100 | pay 0.0100% / 8h | 7h 42m | $698K | $1.6M | 20x |
| Short | Phemex ARBUSDT | 0.2248 | −0.0015 | pay 0.0015% / 8h | 7h 42m | $5.1M | $13.0M | 50x |
Aster ARBUSDT
Phemex ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Aster. 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
- −$24.16
- Price spread: +0.036% → +0.005%
- $3.11
- Slippage, 4 orders
- −$40.88
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$81.93
- Costs to cover
- 0.609%
- Break-even
- never at this rate
Slippage from Aster: live order book, 1 min ago; Phemex: live order book, 2 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 Aster live order book, 1 min ago | 3.12 bp | 14.5 bp −$14 | 65.3 bp −$653 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 8.89 bp | 18.3 bp −$18 | 30.6 bp −$306 | doesn't fit | doesn't fit |
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 | −0.1666% | 1h | 0.2239 | −0.365% | $40K | $372K | 12x | as long as short |
| Bybit ARBUSDT | −0.0303% | 8h | 0.2248 | +0.018% | $58.0M | $127.1M | 50x | as long as short |
| Variational Omni ARB | −0.0214% | 8h | 0.2239 | −0.360% | $1.9M | $2.8M | — | as long as short |
| 01 Exchange ARBUSD | −0.0144% | 1h | 0.2245 | −0.107% | $7K | $2K | 10x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0138% | 1h | 0.2250 | +0.120% | $1.1M | $4.9M | 50x | as long as short |
| MEXC ARB_USDT | −0.0120% | 8h | 0.2248 | +0.054% | $38.3M | $59.0M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0119% | 8h | 0.2248 | +0.031% | $22.6M | $157.2M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0045% | 8h | 0.2248 | +0.036% | $12K | $387K | 10x | as long as short |
| SoDEX ARB-USD | −0.0031% | 1h | 0.2248 | +0.040% | $4K | $2.6M | 5x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0017% | 1h | 0.2248 | +0.049% | $25K | $34K | 25x | as long as short |
Injective ARB/USDC PERP
Bybit ARBUSDT
Variational Omni ARB
01 Exchange ARBUSD
Kraken Futures PF_ARBUSD
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Orderly PERP_ARB_USDC
SoDEX ARB-USD
Deribit ARB_USDC-PERPETUALShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended ARB-USD | −0.0016% | 1h | 0.2247 | +0.013% | $357K | $2.8M | 25x | as long as short |
| Phemex ARBUSDTshort | −0.0015% | 8h | 0.2248 | +0.036% | $5.1M | $13.0M | 50x | |
| Binance ARBUSDT | −0.0013% | 8h | 0.2249 | +0.072% | $66.2M | $311.4M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2246 | −0.034% | $66K | $4K | 10x | as long as short |
| Gate ARB_USDT | +0.0002% | 8h | 0.2249 | +0.080% | $5.4M | $19.7M | 60x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2249 | +0.098% | $55K | — | 150x | as long as short |
| BingX ARB-USDC | +0.0049% | 8h | 0.2246 | −0.040% | — | $6.5M | — | as long as short |
| Bitget ARBUSDT | +0.0058% | 8h | 0.2250 | +0.125% | $21.4M | $36.0M | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2249 | +0.066% | $143K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2250 | +0.134% | $1.4M | $7.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2251 | +0.178% | $40.6M | $47.6M | 10x | as long as short |
| Aster ARBUSDTlong | +0.0100% | 8h | 0.2247 | long leg | $698K | $1.6M | 20x | |
| Pacifica ARB | +0.0100% | 1h | 0.2246 | −0.040% | $44K | $187K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2250 | +0.111% | $19.6M | $16.0M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2247 | −0.002% | $40K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2249 | +0.090% | $477K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2250 | +0.125% | $121K | $296K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2247 | −0.013% | $65K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2247 | −0.009% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2245 | −0.107% | $292K | $1.0M | 50x | as long as short |
| BloFin ARB-USDT | +0.0106% | 8h | 0.2246 | −0.067% | $3.1M | $2.7M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0232% | 1h | 0.2248 | +0.036% | $506K | $2.2M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0290% / S −0.0177% | 1h | 0.2249 | +0.085% | $895K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2246 | −0.065% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0384% | 1h | 0.2247 | −0.013% | $502K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0423% | 1h | 0.2252 | +0.209% | $1.0M | $2.8M | 20x | as long as short |
Extended ARB-USD
Binance ARBUSDT
dYdX ARB-USD
Gate ARB_USDT
gTrade (Gains Network) ARB/USD
BingX ARB-USDC
Bitget ARBUSDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP