Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Phemex against edgeX+0.462%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$730.729% of the position
Funding, last 7 days−0.115%−$12 on $10k
+Price spread, last 4 days (all we have)+0.028%+$3 · spread now +0.462%, 7d avg +0.005%
=Together, before fees−0.088%+ Points / potential airdropedgeX: Active · farm board−$9 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.457% dearer against edgeX than usual: you sell high and buy low, +$46 on $10k if it goes back to its 7-day average of +0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX ARBUSDC | 0.2187 | 0.0100 | pay 0.0050% / 4h | 2h 19m | $39K | $463K | 20x |
| Short | Phemex ARBUSDT | 0.2197 | 0.0100 | get 0.0100% / 8h | 2h 19m | $4.9M | $12.8M | 50x |
edgeX ARBUSDC
Phemex ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against edgeX. 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
- $0
- Price spread: +0.462% → +0.005%
- $45.69
- Slippage, 4 orders
- −$51.94
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$27.25
- Costs to cover
- 0.729%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 29 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 edgeX live order book, 29 min ago | 13.74 bp | 21.2 bp −$21 | 137.6 bp −$1,376 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 6.88 bp | 15.3 bp −$15 | 26.7 bp −$267 | 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 | −0.1581% | 1h | 0.2176 | −0.498% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0168% | 1h | 0.2199 | +0.536% | $7K | $236 | 10x | as long as short |
| Variational Omni ARB | −0.0098% | 8h | 0.2185 | −0.097% | $1.8M | $3.0M | — | as long as short |
| Polymarket Perps ARB-USD | −0.0082% | 1h | 0.2199 | +0.536% | $78K | $2.1M | 10x | as long as short |
| Bybit ARBUSDT | −0.0077% | 8h | 0.2197 | +0.476% | $54.9M | $124.2M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0074% | 1h | 0.2197 | +0.462% | $1.1M | $4.4M | 50x | as long as short |
| MEXC ARB_USDT | −0.0057% | 8h | 0.2198 | +0.513% | $41.7M | $61.4M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0056% | 8h | 0.2199 | +0.554% | $21.7M | $144.2M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0048% | 8h | 0.2196 | +0.417% | $12K | $408K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2198 | +0.518% | $65K | $5K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Variational Omni ARB
Polymarket Perps ARB-USD
Bybit ARBUSDT
Kraken Futures PF_ARBUSD
MEXC ARB_USDT
OKX ARB-USDT-SWAP
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 | 0.2197 | +0.462% | $23K | $33K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2197 | +0.450% | $44K | — | 150x | as long as short |
| Bitget ARBUSDT | +0.0057% | 8h | 0.2198 | +0.508% | $21.0M | $34.3M | 50x | as long as short |
| Gate ARB_USDT | +0.0078% | 8h | 0.2199 | +0.536% | $5.5M | $18.2M | 60x | as long as short |
| BingX ARB-USDC | +0.0084% | 8h | 0.2198 | +0.522% | — | $6.5M | — | as long as short |
| RISEx ARB/USDC | +0.0086% | 1h | 0.2198 | +0.530% | $446K | $2.6M | 10x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2198 | +0.522% | $1.3M | $5.5M | 15x | as long as short |
| Extended ARB-USD | +0.0096% | 1h | 0.2197 | +0.476% | $349K | $2.8M | 25x | as long as short |
| Binance ARBUSDT | +0.0096% | 8h | 0.2199 | +0.549% | $62.8M | $300.1M | 75x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2200 | +0.613% | $36.9M | $48.8M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2198 | +0.525% | $633K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2198 | +0.528% | $42K | $149K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2199 | +0.549% | $19.6M | $14.4M | 75x | as long as short |
| edgeX ARBUSDClong | +0.0100% | 4h | 0.2187 | long leg | $39K | $463K | 20x | |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2182 | −0.232% | $464K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2182 | −0.224% | $118K | $282K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2199 | +0.554% | $2K | $1.1M | 30x | as long as short |
| SoDEX ARB-USD | +0.0100% | 1h | 0.2196 | +0.412% | $9K | $2.2M | 5x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2197 | +0.462% | $293K | $884K | 50x | as long as short |
| Phemex ARBUSDTshort | +0.0100% | 8h | 0.2197 | +0.462% | $4.9M | $12.8M | 50x | |
| Aevo ARB-PERP | +0.0104% | 1h | 0.2197 | +0.445% | $139K | $7K | 3x | as long as short |
| BloFin ARB-USDT | +0.0210% | 8h | 0.2185 | −0.068% | $3.0M | $2.4M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0277% / S −0.0159% | 1h | 0.2197 | +0.450% | $831K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2198 | +0.508% | $509K | $1.6M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2198 | +0.501% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0719% | 1h | 0.2201 | +0.641% | $987K | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Bitget ARBUSDT
Gate ARB_USDT
BingX ARB-USDC
RISEx ARB/USDC
Lighter ARB
Extended ARB-USD
Binance ARBUSDT
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
SoDEX ARB-USD
HTX ARB-USDT
Aevo ARB-PERP
BloFin ARB-USDT
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP