Funding you earn now, next payment 01:00 UTC+0.0006%/8h= +0.7% APRpaid last 24h +0.019%
Price spread now: Phemex against Extended−0.102%55s7-day average +0.121% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$720.721% of the position
Funding, last 7 days+0.022%+$2 on $10k
+Price spread, last 3 days (all we have)+0.810%+$81 · spread now −0.102%, 7d avg +0.121%
=Together, before fees+0.832%+ Points / potential airdropExtended: Active · farm board+$83 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 0.223% cheaper against Extended than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of +0.121%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ARB-USD | 0.2249 | −0.0016 | get 0.0002% / 1h | 40m 23s | $361K | $2.9M | 25x |
| Short | Phemex ARBUSDT | 0.2247 | −0.0010 | pay 0.0010% / 8h | 7h 40m | $5.1M | $13.0M | 50x |
Extended ARB-USD
Phemex ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Extended. 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
- $1.25
- Price spread: −0.102% → +0.121%
- −$22.25
- Slippage, 4 orders
- −$55.07
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$93.06
- Costs to cover
- 0.721%
- Break-even
- 526.6 days
Slippage from Extended: live order book, 3 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 Extended live order book, 3 min ago | 15.56 bp | 18.1 bp −$18 | 75.5 bp −$755 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 8.89 bp | 18.3 bp −$18 | 30.6 bp −$306 | 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 | −0.1666% | 1h | 0.2237 | −0.546% | $40K | $372K | 12x | as long as short |
| Bybit ARBUSDT | −0.0249% | 8h | 0.2249 | −0.004% | $58.1M | $127.0M | 50x | as long as short |
| Variational Omni ARB | −0.0214% | 8h | 0.2246 | −0.150% | $1.9M | $2.8M | — | as long as short |
| 01 Exchange ARBUSD | −0.0144% | 1h | 0.2249 | −0.030% | $7K | $2K | 10x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0138% | 1h | 0.2252 | +0.127% | $1.1M | $4.9M | 50x | as long as short |
| MEXC ARB_USDT | −0.0118% | 8h | 0.2249 | −0.004% | $38.3M | $59.0M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0117% | 8h | 0.2250 | +0.010% | $22.6M | $157.2M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0045% | 8h | 0.2251 | +0.076% | $12K | $387K | 10x | as long as short |
| SoDEX ARB-USD | −0.0037% | 1h | 0.2250 | +0.032% | $4K | $2.6M | 5x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0017% | 1h | 0.2251 | +0.059% | $25K | $34K | 25x | as long as short |
Injective ARB/USDC PERP
Bybit ARBUSDT
Variational Omni ARB
01 Exchange ARBUSD
Kraken Futures PF_ARBUSD
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Orderly PERP_ARB_USDC
SoDEX ARB-USD
Deribit ARB_USDC-PERPETUALShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended ARB-USDlong | −0.0016% | 1h | 0.2249 | long leg | $361K | $2.9M | 25x | |
| Binance ARBUSDT | −0.0013% | 8h | 0.2250 | +0.038% | $66.2M | $311.3M | 75x | as long as short |
| Phemex ARBUSDTshort | −0.0010% | 8h | 0.2247 | −0.102% | $5.1M | $13.0M | 50x | |
| dYdX ARB-USD | 0.0000% | 1h | 0.2248 | −0.073% | $66K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2252 | +0.102% | $55K | — | 150x | as long as short |
| BingX ARB-USDC | +0.0056% | 8h | 0.2247 | −0.084% | — | $6.5M | — | as long as short |
| Gate ARB_USDT | +0.0060% | 8h | 0.2250 | +0.032% | $5.4M | $19.7M | 60x | as long as short |
| Bitget ARBUSDT | +0.0060% | 8h | 0.2250 | +0.032% | $21.4M | $36.0M | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2251 | +0.087% | $143K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2249 | −0.004% | $1.4M | $7.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2252 | +0.139% | $40.6M | $47.6M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2249 | −0.007% | $699K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2248 | −0.061% | $44K | $187K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2250 | +0.023% | $19.6M | $16.0M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2248 | −0.035% | $40K | $460K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2250 | +0.032% | $490K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2250 | +0.032% | $121K | $296K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2250 | +0.041% | $65K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2251 | +0.076% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2250 | +0.010% | $293K | $1.0M | 50x | as long as short |
| BloFin ARB-USDT | +0.0107% | 8h | 0.2248 | −0.070% | $3.1M | $2.8M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0232% | 1h | 0.2252 | +0.139% | $507K | $2.2M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0290% / S −0.0177% | 1h | 0.2251 | +0.072% | $896K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2249 | −0.014% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0384% | 1h | 0.2251 | +0.081% | $503K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0425% | 1h | 0.2248 | −0.035% | $1.0M | $2.8M | 20x | as long as short |
Binance ARBUSDT
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
BingX ARB-USDC
Gate ARB_USDT
Bitget ARBUSDT
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
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP