Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%
Price spread now: Phemex against dYdX−0.075%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.094%+$9 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Phemex is 0.075% cheaper against dYdX than usual: you would sell low and buy high (spread −0.075% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.5 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.094% in total) that is about 5.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX ARB-USD | 0.2250 | 0 | get 0.0000% / 1h | 8m 48s | $66K | $4K | 10x |
| Short | Phemex ARBUSDT | 0.2248 | 0.0100 | get 0.0100% / 8h | 1h 08m | $5.2M | $13.3M | 50x |
dYdX ARB-USD
Phemex ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against dYdX. 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
- $21
- Price spread: −0.075% → 0.000%
- −$7.49
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$8.49
- Costs to cover
- 0.220%
- Break-even
- 9.8 days
Slippage unknown: dYdX: no order-book sample; Phemex: live order book, 5 min ago. Net counts fees only.
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 dYdX no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 5 min ago | 6.69 bp | 15.0 bp −$15 | 25.5 bp −$255 | doesn't fit | doesn't fit |
dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.2233 | −0.742% | $40K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0232% | 1h | 0.2248 | −0.053% | $7K | $2K | 10x | as long as short |
| SoDEX ARB-USD | −0.0197% | 1h | 0.2248 | −0.075% | $4K | $2.7M | 5x | as long as short |
| Variational Omni ARB | −0.0171% | 8h | 0.2243 | −0.282% | $1.9M | $2.7M | — | as long as short |
| Bybit ARBUSDT | −0.0154% | 8h | 0.2247 | −0.110% | $58.1M | $132.3M | 50x | as long as short |
| Polymarket Perps ARB-USD | −0.0133% | 1h | 0.2248 | −0.070% | $73K | $2.0M | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0100% | 8h | 0.2247 | −0.106% | $22.5M | $160.5M | 50x | as long as short |
| MEXC ARB_USDT | −0.0099% | 8h | 0.2247 | −0.102% | $37.2M | $62.9M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0039% | 8h | 0.2248 | −0.075% | $10K | $394K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0017% | 1h | 0.2249 | −0.026% | $26K | $32K | 25x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
SoDEX ARB-USD
Variational Omni ARB
Bybit ARBUSDT
Polymarket Perps ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Orderly PERP_ARB_USDC
Deribit ARB_USDC-PERPETUALShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended ARB-USD | −0.0008% | 1h | 0.2247 | −0.124% | $356K | $2.3M | 25x | as long as short |
| Binance ARBUSDT | −0.0006% | 8h | 0.2248 | −0.079% | $64.4M | $315.8M | 75x | as long as short |
| dYdX ARB-USDlong | 0.0000% | 1h | 0.2250 | long leg | $66K | $4K | 10x | |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2250 | −0.005% | $56K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0040% | 8h | 0.2248 | −0.093% | $5.5M | $20.7M | 60x | as long as short |
| Bitget ARBUSDT | +0.0066% | 8h | 0.2247 | −0.119% | $21.2M | $37.1M | 50x | as long as short |
| BingX ARB-USDT | +0.0066% | 8h | 0.2247 | −0.115% | — | $53.3M | — | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2250 | +0.001% | $147K | $12K | 3x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0085% | 1h | 0.2249 | −0.042% | $1.1M | $5.1M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2250 | −0.008% | $1.3M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2251 | +0.045% | $40.2M | $48.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2249 | −0.049% | $699K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2248 | −0.062% | $44K | $192K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2249 | −0.030% | $20.8M | $16.4M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2245 | −0.206% | $40K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2240 | −0.408% | $486K | $3.8M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2239 | −0.475% | $121K | $295K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2250 | +0.014% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2247 | −0.110% | $277K | $1.1M | 50x | as long as short |
| Phemex ARBUSDTshort | +0.0100% | 8h | 0.2248 | −0.075% | $5.2M | $13.3M | 50x | |
| BloFin ARB-USDT | +0.0114% | 8h | 0.2247 | −0.128% | $3.0M | $3.3M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0264% | 1h | 0.2250 | +0.014% | $508K | $2.3M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0274% / S −0.0156% | 1h | 0.2250 | −0.007% | $843K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2247 | −0.115% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0363% | 1h | 0.2250 | +0.011% | $497K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0626% | 1h | 0.2253 | +0.125% | $1.1M | $2.7M | 20x | as long as short |
Extended ARB-USD
Binance ARBUSDT
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Bitget ARBUSDT
BingX ARB-USDT
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