Funding you earn now, next payment 00:00 UTC+0.0019%/8h= +2.1% APRnext payment +$0.19 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Bitget+0.181%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$540.544% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 3 days (all we have)+2.458%+$246 · spread now +0.181%, 7d avg +0.036%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Phemex is 0.145% dearer against Bitget than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.036%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ARBUSDT | 0.2211 | 0.0081 | pay 0.0081% / 8h | 2h 55m | $20.7M | $38.8M | 50x |
| Short | Phemex ARBUSDT | 0.2215 | 0.0100 | get 0.0100% / 8h | 2h 55m | $5.3M | $13.8M | 50x |
Bitget ARBUSDT
Phemex ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Bitget. 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
- $3.99
- Price spread: +0.181% → +0.036%
- $14.54
- Slippage, 4 orders
- −$30.45
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$35.92
- Costs to cover
- 0.544%
- Break-even
- 70.0 days
Slippage from Bitget: live order book, 4 min ago; Phemex: live order book, 4 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 Bitget live order book, 4 min ago | 2.25 bp | 14.1 bp −$14 | 23.0 bp −$230 | 140.7 bp −$14.1K | doesn't fit |
| Sell Phemex live order book, 4 min ago | 6.75 bp | 16.6 bp −$17 | 31.0 bp −$310 | 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 | −0.1675% | 1h | 0.2199 | −0.543% | $40K | $107K | 12x | as long as short |
| ApeX Omni ARBUSDT | −0.0762% | 1h | 0.2207 | −0.181% | $120K | $297K | 50x | as long as short |
| 01 Exchange ARBUSD | −0.0288% | 1h | 0.2207 | −0.185% | $7K | $2K | 10x | as long as short |
| Bybit ARBUSDT | −0.0252% | 8h | 0.2215 | +0.158% | $57.6M | $134.8M | 50x | as long as short |
| Variational Omni ARB | −0.0192% | 8h | 0.2210 | −0.062% | $1.9M | $2.8M | — | as long as short |
| Polymarket Perps ARB-USD | −0.0159% | 1h | 0.2213 | +0.095% | $69K | $2.3M | 10x | as long as short |
| SoDEX ARB-USD | −0.0095% | 1h | 0.2215 | +0.167% | $4K | $2.9M | 5x | as long as short |
| OKX ARB-USDT-SWAP | −0.0066% | 8h | 0.2212 | +0.032% | $22.2M | $164.1M | 50x | as long as short |
| MEXC ARB_USDT | −0.0065% | 8h | 0.2215 | +0.194% | $37.4M | $62.9M | 200x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0054% | 1h | 0.2218 | +0.294% | $1.1M | $5.2M | 50x | as long as short |
Injective ARB/USDC PERP
ApeX Omni ARBUSDT
01 Exchange ARBUSD
Bybit ARBUSDT
Variational Omni ARB
Polymarket Perps ARB-USD
SoDEX ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Kraken Futures PF_ARBUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ARB_USDC | −0.0006% | 8h | 0.2216 | +0.226% | $10K | $380K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2209 | −0.091% | $65K | $4K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2211 | +0.015% | $351K | $2.5M | 25x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2217 | +0.258% | $36K | $18K | 25x | as long as short |
| Binance ARBUSDT | +0.0001% | 8h | 0.2215 | +0.185% | $63.1M | $325.7M | 75x | as long as short |
| BloFin ARB-USDT | +0.0002% | 8h | 0.2215 | +0.204% | $3.0M | $3.2M | 75x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2217 | +0.260% | $56K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0026% | 8h | 0.2215 | +0.176% | $5.4M | $21.4M | 60x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2217 | +0.276% | $145K | $12K | 3x | as long as short |
| Bitget ARBUSDTlong | +0.0081% | 8h | 0.2211 | long leg | $20.7M | $38.8M | 50x | |
| BingX ARB-USDT | +0.0083% | 8h | 0.2214 | +0.145% | — | $54.2M | — | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2217 | +0.249% | $1.3M | $7.7M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2216 | +0.217% | $39.7M | $53.2M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2214 | +0.150% | $697K | $1.8M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2208 | −0.155% | $46K | $206K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2216 | +0.240% | $20.4M | $17.2M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2213 | +0.081% | $38K | $448K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2213 | +0.095% | $470K | $4.3M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2209 | −0.090% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2217 | +0.249% | $273K | $1.2M | 50x | as long as short |
| Phemex ARBUSDTshort | +0.0100% | 8h | 0.2215 | +0.181% | $5.3M | $13.8M | 50x | |
| GMX ARB/USD [ARB-USDC] | L +0.0274% / S −0.0166% | 1h | 0.2216 | +0.241% | $807K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2219 | +0.362% | $506K | $2.5M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2213 | +0.071% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0323% | 1h | 0.2219 | +0.357% | $1.1M | $2.8M | 20x | as long as short |
| RISEx ARB/USDC | +0.0546% | 1h | 0.2211 | −0.011% | $485K | $2.9M | 10x | as long as short |
Orderly PERP_ARB_USDC
dYdX ARB-USD
Extended ARB-USD
Deribit ARB_USDC-PERPETUAL
Binance ARBUSDT
BloFin ARB-USDT
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Aevo ARB-PERP
BingX ARB-USDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
SunX ARB-USDT
HTX ARB-USDT
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP
RISEx ARB/USDC