Funding you earn now, next payment 20:00 UTC−0.0210%/8h= −23.0% APRpaid last 24h —
Price spread now: Phoenix against HTX+0.055%72s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 hours (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Phoenix is 0.055% dearer against HTX than usual: you sell high and buy low (spread +0.055% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 21 hours. The two prices were read 72 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 | HTX ARB-USDT | 0.2187 | 0.0100 | pay 0.0100% / 8h | 3h 19m | $290K | $453K | 50x |
| Short | Phoenix ARB | 0.2188 | −0.0110 | pay 0.0014% / 1h | 19m 45s | $1K | $2K | 15x |
HTX ARB-USDT
Phoenix ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against HTX. 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
- −$44.09
- Price spread: +0.055% → 0.000%
- $5.49
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$57.6
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: HTX: live order book, 42 min ago; Phoenix: no order-book sample. 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 HTX live order book, 42 min ago | 4.81 bp | 36.9 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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 37 exchanges
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 | −0.1652% | 1h | 0.2181 | −0.256% | $39K | $393K | 12x | as long as short |
| Phoenix ARBshort | −0.0110% | 1h | 0.2188 | +0.055% | $1K | $2K | 15x | |
| OKX ARB-USDT-SWAP | −0.0098% | 8h | 0.2186 | −0.046% | $23.6M | $104.5M | 50x | as long as short |
| MEXC ARB_USDT | −0.0098% | 8h | 0.2185 | −0.050% | $51.9M | $44.7M | 200x | as long as short |
| 01 Exchange ARBUSD | −0.0056% | 1h | 0.2187 | +0.023% | $7K | $308 | 10x | as long as short |
| Variational Omni ARB | −0.0051% | 8h | 0.2185 | −0.084% | $1.8M | $1.6M | — | as long as short |
| SoDEX ARB-USD | −0.0041% | 1h | 0.2185 | −0.055% | $9K | $885K | 5x | as long as short |
| Binance ARBUSDT | −0.0036% | 8h | 0.2187 | +0.005% | $65.6M | $182.5M | 75x | as long as short |
| Extended ARB-USD | −0.0032% | 1h | 0.2185 | −0.070% | $360K | $2.8M | 25x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2187 | +0.018% | $64K | $2K | 10x | as long as short |
Injective ARB/USDC PERP
OKX ARB-USDT-SWAP
MEXC ARB_USDT
01 Exchange ARBUSD
Variational Omni ARB
SoDEX ARB-USD
Binance ARBUSDT
Extended ARB-USD
dYdX ARB-USDShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2186 | −0.014% | $864 | $52K | 25x | as long as short |
| Orderly PERP_ARB_USDC | +0.0004% | 8h | 0.2187 | +0.018% | $15K | $270K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0014% | 1h | 0.2188 | +0.063% | $29K | — | 150x | as long as short |
| RISEx ARB/USDC | +0.0007% | 1h | 0.2187 | +0.011% | $462K | $2.0M | 10x | as long as short |
| Gate ARB_USDT | +0.0014% | 8h | 0.2186 | −0.027% | $5.6M | $9.1M | 50x | as long as short |
| Bybit ARBUSDT | +0.0038% | 8h | 0.2186 | −0.032% | $51.8M | $85.1M | 50x | as long as short |
| BingX ARB-USDT | +0.0043% | 8h | 0.2185 | −0.069% | — | $16.8M | — | as long as short |
| Bitget ARBUSDT | +0.0044% | 8h | 0.2186 | −0.027% | $21.3M | $22.5M | 50x | as long as short |
| Aevo ARB-PERP | +0.0072% | 1h | 0.2187 | +0.029% | $139K | $4K | 3x | as long as short |
| Phemex ARBUSDT | +0.0079% | 8h | 0.2187 | +0.018% | $4.7M | $12.5M | 50x | as long as short |
| BloFin ARB-USDT | +0.0087% | 8h | 0.2188 | +0.069% | $3.1M | $1.5M | 75x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2188 | +0.078% | $1.6M | $3.2M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2188 | +0.073% | $35.7M | $30.8M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2187 | +0.021% | $648K | $1.2M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2187 | +0.005% | $45K | $138K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2186 | −0.023% | $19.8M | $9.4M | 75x | as long as short |
| Backpack ARB_USDC_PERP | +0.0100% | 1h | 0.2187 | +0.018% | $582K | $1.3M | 20x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2189 | +0.103% | $37K | $505K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2189 | +0.089% | $476K | $3.3M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2194 | +0.338% | $119K | $287K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2187 | +0.037% | $46K | $1.7M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2189 | +0.110% | $1K | $850K | 30x | as long as short |
| HTX ARB-USDTlong | +0.0100% | 8h | 0.2187 | long leg | $290K | $453K | 50x | |
| GMX ARB/USD [ARB-USDC] | L +0.0269% / S −0.0152% | 1h | 0.2188 | +0.045% | $855K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0282% | 1h | 0.2186 | −0.010% | $2K | $440 | 20x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0378% | 1h | 0.2189 | +0.130% | $1.4M | $3.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0664% | 1h | 0.2199 | +0.563% | $641K | $1.1M | 50x | as long as short |
Deribit ARB_USDC-PERPETUAL
Orderly PERP_ARB_USDC
gTrade (Gains Network) ARB/USD
RISEx ARB/USDC
Gate ARB_USDT
Bybit ARBUSDT
BingX ARB-USDT
Bitget ARBUSDT
Aevo ARB-PERP
Phemex ARBUSDT
BloFin ARB-USDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
Backpack ARB_USDC_PERP
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Kraken Futures PF_ARBUSD
Coinbase International ARB-PERP-INTX