Funding you earn now, next payment 16:00 UTC+0.0088%/8h= +9.6% APRnext payment +$0.88 per $10,000 · paid last 24h +0.020%
Price spread now: Phemex against Binance+0.073%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$610.613% of the position
Funding, last 7 days+0.028%+$3 on $10k
+Price spread, last 4 days (all we have)+2.654%+$265 · spread now +0.073%, 7d avg +0.013%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phemex is 0.060% dearer against Binance than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.013%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ARBUSDT | 0.2192 | 0.0012 | pay 0.0012% / 8h | 7h 38m | $63.4M | $299.3M | 75x |
| Short | Phemex ARBUSDT | 0.2194 | 0.0100 | get 0.0100% / 8h | 7h 38m | $4.8M | $12.8M | 50x |
Binance ARBUSDT
Phemex ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Binance. 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
- $18.49
- Price spread: +0.073% → +0.013%
- $5.99
- Slippage, 4 orders
- −$39.28
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$36.79
- Costs to cover
- 0.613%
- Break-even
- 20.9 days
Slippage from Binance: live order book, 5 min ago; Phemex: live order book, 5 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 Binance live order book, 5 min ago | 0.23 bp | 8.3 bp −$8 | 19.4 bp −$194 | 80.1 bp −$8,006 | doesn't fit |
| Sell Phemex live order book, 5 min ago | 6.82 bp | 19.8 bp −$20 | 31.7 bp −$317 | 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 | −0.1605% | 1h | 0.2183 | −0.429% | $39K | $372K | 12x | as long as short |
| Gate ARB_USDT | −0.0220% | 8h | 0.2192 | −0.023% | $5.4M | $18.1M | 60x | as long as short |
| SoDEX ARB-USD | −0.0200% | 1h | 0.2193 | +0.014% | $9K | $2.3M | 5x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0168% | 1h | 0.2193 | +0.046% | $1.1M | $4.2M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0079% | 8h | 0.2192 | −0.005% | $22.2M | $145.9M | 50x | as long as short |
| Bybit ARBUSDT | −0.0078% | 8h | 0.2192 | −0.018% | $53.3M | $125.9M | 50x | as long as short |
| MEXC ARB_USDT | −0.0077% | 8h | 0.2191 | −0.055% | $42.9M | $62.8M | 200x | as long as short |
| 01 Exchange ARBUSD | −0.0048% | 1h | 0.2196 | +0.164% | $7K | $236 | 10x | as long as short |
| Orderly PERP_ARB_USDC | −0.0040% | 8h | 0.2193 | +0.027% | $16K | $414K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2195 | +0.106% | $65K | $5K | 10x | as long as short |
Injective ARB/USDC PERP
Gate ARB_USDT
SoDEX ARB-USD
Kraken Futures PF_ARBUSD
OKX ARB-USDT-SWAP
Bybit ARBUSDT
MEXC ARB_USDT
01 Exchange ARBUSD
Orderly PERP_ARB_USDC
dYdX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2194 | +0.064% | $28K | $38K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2194 | +0.095% | $72K | — | 150x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2191 | −0.083% | $361K | $3.1M | 25x | as long as short |
| Binance ARBUSDTlong | +0.0012% | 8h | 0.2192 | long leg | $63.4M | $299.3M | 75x | |
| Variational Omni ARB | +0.0026% | 8h | 0.2191 | −0.074% | $1.8M | $3.0M | — | as long as short |
| BloFin ARB-USDT | +0.0048% | 8h | 0.2193 | +0.009% | $3.0M | $2.3M | 75x | as long as short |
| Bitget ARBUSDT | +0.0072% | 8h | 0.2191 | −0.064% | $21.0M | $34.7M | 50x | as long as short |
| BingX ARB-USDC | +0.0076% | 8h | 0.2192 | −0.009% | — | $6.5M | — | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2194 | +0.057% | $139K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2194 | +0.064% | $1.3M | $5.5M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2194 | +0.064% | $37.1M | $50.1M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2192 | −0.009% | $631K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2195 | +0.115% | $43K | $145K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2193 | +0.009% | $19.4M | $13.8M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2192 | −0.033% | $40K | $465K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2199 | +0.301% | $474K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2193 | +0.027% | $118K | $267K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2195 | +0.119% | $74K | $2.1M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2195 | +0.119% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2195 | +0.137% | $294K | $835K | 50x | as long as short |
| Phemex ARBUSDTshort | +0.0100% | 8h | 0.2194 | +0.073% | $4.8M | $12.8M | 50x | |
| RISEx ARB/USDC | +0.0123% | 1h | 0.2196 | +0.175% | $528K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0202% | 1h | 0.2195 | +0.137% | $980K | $2.8M | 20x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2195 | +0.099% | $829K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0288% | 1h | 0.2193 | +0.039% | $2K | $695 | 20x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0336% | 1h | 0.2195 | +0.119% | $526K | $1.5M | 50x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Variational Omni ARB
BloFin ARB-USDT
Bitget ARBUSDT
BingX ARB-USDC
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
RISEx ARB/USDC
Backpack ARB_USDC_PERP
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Coinbase International ARB-PERP-INTX