Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.020%
Price spread now: Phemex against GRVT+0.249%77s7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$86as 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−$760.761% of the position
Funding, last 7 days−0.096%−$10 on $10k
+Price spread, last 3 days (all we have)+0.948%+$95 · spread now +0.249%, 7d avg +0.044%
=Together, before fees+0.853%+ Points / potential airdropGRVT: Active · farm board+$85 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 0.206% dearer against GRVT than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.044%. The two prices were read 77 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 | GRVT ARB_USDT_Perp | 0.2209 | 0.0100 | pay 0.0100% / 8h | 2h 02m | $469K | $4.0M | 10x |
| Short | Phemex ARBUSDT | 0.2215 | 0.0100 | get 0.0100% / 8h | 2h 02m | $5.2M | $13.7M | 50x |
GRVT ARB_USDT_Perp
Phemex ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against GRVT. 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: +0.249% → +0.044%
- $20.56
- Slippage, 4 orders
- −$55.15
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$55.59
- Costs to cover
- 0.761%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 2 min ago; Phemex: live order book, 2 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 GRVT live order book, 2 min ago | 2.26 bp | 29.8 bp −$30 | 43.3 bp −$433 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 4.52 bp | 16.6 bp −$17 | 33.4 bp −$334 | 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 | 0.2202 | −0.339% | $40K | $197K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0272% | 1h | 0.2213 | +0.177% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0154% | 8h | 0.2225 | +0.700% | $1.9M | $2.8M | — | as long as short |
| Bybit ARBUSDT | −0.0130% | 8h | 0.2214 | +0.186% | $56.9M | $136.9M | 50x | as long as short |
| SoDEX ARB-USD | −0.0127% | 1h | 0.2215 | +0.231% | $4K | $2.9M | 5x | as long as short |
| OKX ARB-USDT-SWAP | −0.0111% | 8h | 0.2214 | +0.204% | $22.0M | $162.9M | 50x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0111% | 1h | 0.2216 | +0.299% | $25K | $32K | 25x | as long as short |
| MEXC ARB_USDT | −0.0109% | 8h | 0.2214 | +0.222% | $36.6M | $64.2M | 200x | as long as short |
| Polymarket Perps ARB-USD | −0.0075% | 1h | 0.2214 | +0.213% | $76K | $2.2M | 10x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0054% | 1h | 0.2218 | +0.375% | $1.1M | $5.2M | 50x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Variational Omni ARB
Bybit ARBUSDT
SoDEX ARB-USD
OKX ARB-USDT-SWAP
Deribit ARB_USDC-PERPETUAL
MEXC ARB_USDT
Polymarket Perps ARB-USD
Kraken Futures PF_ARBUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDT | −0.0024% | 8h | 0.2215 | +0.245% | $63.1M | $324.9M | 75x | as long as short |
| Extended ARB-USD | −0.0024% | 1h | 0.2214 | +0.193% | $353K | $2.4M | 25x | as long as short |
| Orderly PERP_ARB_USDC | −0.0023% | 8h | 0.2215 | +0.249% | $11K | $390K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2216 | +0.290% | $65K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2216 | +0.307% | $55K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0006% | 8h | 0.2215 | +0.236% | $5.5M | $21.7M | 60x | as long as short |
| Aevo ARB-PERP | +0.0072% | 1h | 0.2216 | +0.295% | $145K | $12K | 3x | as long as short |
| BingX ARB-USDC | +0.0089% | 8h | 0.2214 | +0.200% | — | $6.5M | — | as long as short |
| Bitget ARBUSDT | +0.0090% | 8h | 0.2214 | +0.204% | $20.7M | $38.2M | 50x | as long as short |
| BloFin ARB-USDT | +0.0094% | 8h | 0.2216 | +0.281% | $3.0M | $3.3M | 75x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2216 | +0.308% | $1.3M | $7.8M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2217 | +0.326% | $39.5M | $52.6M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2215 | +0.242% | $688K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2217 | +0.326% | $45K | $200K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2216 | +0.286% | $20.4M | $16.9M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2212 | +0.132% | $36K | $460K | 20x | as long as short |
| GRVT ARB_USDT_Perplong | +0.0100% | 8h | 0.2209 | long leg | $469K | $4.0M | 10x | |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2207 | −0.113% | $119K | $297K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2216 | +0.295% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2214 | +0.200% | $273K | $1.2M | 50x | as long as short |
| Phemex ARBUSDTshort | +0.0100% | 8h | 0.2215 | +0.249% | $5.2M | $13.7M | 50x | |
| GMX ARB/USD [ARB-USDC] | L +0.0153% / S −0.0018% | 1h | 0.2216 | +0.311% | $840K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2219 | +0.430% | $504K | $2.5M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2214 | +0.191% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0542% | 1h | 0.2220 | +0.471% | $1.1M | $2.7M | 20x | as long as short |
| RISEx ARB/USDC | +0.0546% | 1h | 0.2217 | +0.331% | $501K | $2.8M | 10x | as long as short |
Binance ARBUSDT
Extended ARB-USD
Orderly PERP_ARB_USDC
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Aevo ARB-PERP
BingX ARB-USDC
Bitget ARBUSDT
BloFin ARB-USDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
ApeX Omni ARBUSDT
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