Funding you earn now, next payment 06:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.028%
Price spread now: Phemex against gTrade (Gains Network)+0.068%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phemex is 0.068% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) ARB/USD | 0.2188 | L +0.0005% / S −0.0009% | pay 0.0001% / 1h | 36m 10s | $44K | — | 150x |
| Short | Phemex ARBUSDT | 0.2189 | 0.0100 | get 0.0100% / 8h | 2h 36m | $4.9M | $12.6M | 50x |
gTrade (Gains Network) ARB/USD
Phemex ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against gTrade (Gains Network). 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
- $20.03
- Price spread: +0.068% → 0.000%
- $6.81
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $4.84
- Costs to cover
- 0.220%
- Break-even
- 5.3 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Phemex: live order book, 3 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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 3 min ago | 9.19 bp | 19.9 bp −$20 | 31.3 bp −$313 | doesn't fit | doesn't fit |
gTrade (Gains Network): 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 | −0.1581% | 1h | 0.2168 | −0.892% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0176% | 1h | 0.2187 | −0.046% | $7K | $236 | 10x | as long as short |
| Polymarket Perps ARB-USD | −0.0106% | 1h | 0.2187 | −0.019% | $78K | $2.1M | 10x | as long as short |
| Variational Omni ARB | −0.0099% | 8h | 0.2171 | −0.769% | $1.7M | $3.0M | — | as long as short |
| MEXC ARB_USDT | −0.0085% | 8h | 0.2191 | +0.160% | $42.0M | $61.1M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0083% | 8h | 0.2190 | +0.118% | $21.6M | $143.2M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0074% | 1h | 0.2190 | +0.107% | $1.1M | $4.4M | 50x | as long as short |
| Bybit ARBUSDT | −0.0070% | 8h | 0.2189 | +0.073% | $54.3M | $123.9M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0054% | 8h | 0.2187 | −0.023% | $12K | $409K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2187 | −0.028% | $65K | $5K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Polymarket Perps ARB-USD
Variational Omni ARB
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Kraken Futures PF_ARBUSD
Bybit ARBUSDT
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 | 0.2188 | +0.032% | $23K | $33K | 25x | as long as short |
| gTrade (Gains Network) ARB/USDlong | L +0.0005% / S −0.0009% | 1h | 0.2188 | long leg | $44K | — | 150x | |
| Bitget ARBUSDT | +0.0052% | 8h | 0.2190 | +0.114% | $21.0M | $34.2M | 50x | as long as short |
| Gate ARB_USDT | +0.0057% | 8h | 0.2191 | +0.160% | $5.4M | $18.2M | 60x | as long as short |
| BingX ARB-USDT | +0.0072% | 8h | 0.2190 | +0.109% | — | $53.8M | — | as long as short |
| Binance ARBUSDT | +0.0078% | 8h | 0.2190 | +0.101% | $62.8M | $300.1M | 75x | as long as short |
| Extended ARB-USD | +0.0080% | 1h | 0.2186 | −0.050% | $348K | $2.8M | 25x | as long as short |
| RISEx ARB/USDC | +0.0086% | 1h | 0.2187 | −0.018% | $440K | $2.6M | 10x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2188 | +0.045% | $1.2M | $5.5M | 15x | as long as short |
| Aevo ARB-PERP | +0.0096% | 1h | 0.2190 | +0.091% | $139K | $7K | 3x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2191 | +0.178% | $36.8M | $48.7M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2189 | +0.049% | $630K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2187 | −0.011% | $42K | $160K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2191 | +0.164% | $19.6M | $14.4M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2173 | −0.665% | $38K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2172 | −0.708% | $470K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2173 | −0.663% | $117K | $282K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2190 | +0.114% | $1K | $1.1M | 30x | as long as short |
| SoDEX ARB-USD | +0.0100% | 1h | 0.2188 | +0.013% | $10K | $2.2M | 5x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2191 | +0.173% | $292K | $894K | 50x | as long as short |
| Phemex ARBUSDTshort | +0.0100% | 8h | 0.2189 | +0.068% | $4.9M | $12.6M | 50x | |
| BloFin ARB-USDT | +0.0194% | 8h | 0.2186 | −0.083% | $3.0M | $2.4M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2188 | +0.001% | $825K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2190 | +0.109% | $504K | $1.6M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2186 | −0.089% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0705% | 1h | 0.2193 | +0.246% | $983K | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
Bitget ARBUSDT
Gate ARB_USDT
BingX ARB-USDT
Binance ARBUSDT
Extended ARB-USD
RISEx ARB/USDC
Lighter ARB
Aevo ARB-PERP
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
SoDEX ARB-USD
HTX ARB-USDT
BloFin ARB-USDT
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP