Funding you earn now, next payment 00:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.32 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against BingX+0.036%7-day average +0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$700.701% of the position
Funding, last 7 days−0.063%−$6 on $10k
+Price spread, last 3 days (all we have)+2.650%+$265 · spread now +0.036%, 7d avg +0.073%
=Funding pays, the price is against you. Phemex is 0.038% cheaper against BingX than usual: you would sell low and buy high (spread +0.036% now, against its 7-day average of +0.073%). If the spread goes back, that is −$4 on $10k: about 3.9 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.063%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ARB-USDC | 0.2243 | 0.0068 | pay 0.0068% / 8h | 1h 12m | — | $6.5M | — |
| Short | Phemex ARBUSDT | 0.2244 | 0.0100 | get 0.0100% / 8h | 1h 12m | $5.2M | $13.3M | 50x |
BingX ARB-USDC
Phemex ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BingX. 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
- $6.72
- Price spread: +0.036% → +0.073%
- −$3.77
- Slippage, 4 orders
- −$48.07
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$67.12
- Costs to cover
- 0.701%
- Break-even
- 76.9 days
Slippage from BingX: live order book, 4 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 BingX live order book, 4 min ago | 4.24 bp | 14.7 bp −$15 | 33.7 bp −$337 | 92.8 bp −$9,278 | 642.9 bp −$321.4K |
| Sell Phemex live order book, 2 min ago | 6.69 bp | 15.0 bp −$15 | 25.5 bp −$255 | 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 | −0.1770% | 1h | 0.2231 | −0.544% | $40K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0240% | 1h | 0.2244 | +0.049% | $7K | $2K | 10x | as long as short |
| SoDEX ARB-USD | −0.0206% | 1h | 0.2244 | +0.036% | $4K | $2.7M | 5x | as long as short |
| Variational Omni ARB | −0.0168% | 8h | 0.2236 | −0.304% | $1.9M | $2.7M | — | as long as short |
| Bybit ARBUSDT | −0.0152% | 8h | 0.2244 | +0.040% | $58.0M | $132.5M | 50x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0151% | 1h | 0.2245 | +0.071% | $26K | $32K | 25x | as long as short |
| Polymarket Perps ARB-USD | −0.0132% | 1h | 0.2244 | +0.031% | $73K | $2.0M | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0099% | 8h | 0.2245 | +0.089% | $22.5M | $160.5M | 50x | as long as short |
| MEXC ARB_USDT | −0.0099% | 8h | 0.2245 | +0.076% | $37.3M | $62.7M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0039% | 8h | 0.2244 | +0.036% | $10K | $395K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
SoDEX ARB-USD
Variational Omni ARB
Bybit ARBUSDT
Deribit ARB_USDC-PERPETUAL
Polymarket Perps ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDT | −0.0008% | 8h | 0.2245 | +0.093% | $64.3M | $316.0M | 75x | as long as short |
| Extended ARB-USD | −0.0008% | 1h | 0.2243 | +0.001% | $356K | $2.4M | 25x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2245 | +0.071% | $66K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2245 | +0.061% | $56K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0038% | 8h | 0.2245 | +0.076% | $5.5M | $20.7M | 60x | as long as short |
| Bitget ARBUSDT | +0.0066% | 8h | 0.2244 | +0.036% | $21.2M | $37.1M | 50x | as long as short |
| BingX ARB-USDClong | +0.0068% | 8h | 0.2243 | long leg | — | $6.5M | — | |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2245 | +0.072% | $147K | $12K | 3x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0085% | 1h | 0.2246 | +0.117% | $1.1M | $5.1M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2246 | +0.107% | $1.3M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2247 | +0.152% | $40.1M | $50.7M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2245 | +0.067% | $697K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2244 | +0.053% | $44K | $193K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2246 | +0.111% | $20.7M | $16.4M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2238 | −0.216% | $40K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2239 | −0.165% | $486K | $3.8M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2240 | −0.143% | $121K | $295K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2245 | +0.080% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2244 | +0.040% | $277K | $1.1M | 50x | as long as short |
| Phemex ARBUSDTshort | +0.0100% | 8h | 0.2244 | +0.036% | $5.2M | $13.3M | 50x | |
| BloFin ARB-USDT | +0.0112% | 8h | 0.2241 | −0.076% | $3.0M | $3.3M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0264% | 1h | 0.2246 | +0.125% | $507K | $2.3M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0274% / S −0.0156% | 1h | 0.2244 | +0.051% | $842K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2242 | −0.034% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0363% | 1h | 0.2246 | +0.145% | $497K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0617% | 1h | 0.2248 | +0.210% | $1.1M | $2.7M | 20x | as long as short |
Binance ARBUSDT
Extended ARB-USD
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Bitget ARBUSDT
Aevo ARB-PERP
Kraken Futures PF_ARBUSD
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
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