ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0111%/8h= −12.1% APRnext payment −$1.11 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against KuCoin−0.050%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$570.574% of the position

Long on KuCoin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$12 on $10k

Price spread, last 4 days (all we have)+2.628%+$263 · spread now −0.050%, 7d avg −0.010%

Together, before fees+2.513%+$251 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phemex is 0.040% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.010%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ARBUSDTM	0.2199	0.0100	pay 0.0100% / 8h	7h 46m	$19.6M	$13.8M	75x
Short	Phemex ARBUSDT	0.2198	−0.0011	pay 0.0011% / 8h	7h 46m	$4.8M	$12.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee PhemexbpOrdersPrice spread, now −0.050%Rate

Funding earned: −$23.24
Price spread: −0.050% → −0.010%: −$4.01
Slippage, 4 orders: −$33.43
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$84.68
Costs to cover: 0.574%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Phemex: live order book, 3 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 KuCoin live order book, 3 min ago	1.14 bp	15.8 bp −$16	40.9 bp −$409	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	2.28 bp	12.0 bp −$12	23.7 bp −$237	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	−0.1605%	1h	0.2183	−0.732%	$39K	$372K	12x	as long as short
Kraken Futures PF_ARBUSD	−0.0168%	1h	0.2200	+0.041%	$1.1M	$4.2M	50x	as long as short
SoDEX ARB-USD	−0.0106%	1h	0.2199	−0.018%	$9K	$2.2M	5x	as long as short
Gate ARB_USDT	−0.0077%	8h	0.2198	−0.050%	$5.4M	$18.1M	60x	as long as short
OKX ARB-USDT-SWAP	−0.0074%	8h	0.2198	−0.045%	$22.3M	$146.1M	50x	as long as short
MEXC ARB_USDT	−0.0074%	8h	0.2198	−0.027%	$43.3M	$62.7M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0041%	8h	0.2198	−0.050%	$16K	$414K	10x	as long as short
01 Exchange ARBUSD	−0.0040%	1h	0.2199	+0.005%	$7K	$236	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0023%	1h	0.2199	+0.009%	$28K	$38K	25x	as long as short
Phemex ARBUSDTshort	−0.0011%	8h	0.2198	−0.050%	$4.8M	$12.8M	50x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2200	+0.053%	$65K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2199	+0.012%	$73K	—	150x	as long as short
Binance ARBUSDT	+0.0008%	8h	0.2199	−0.020%	$63.4M	$299.1M	75x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2198	−0.048%	$365K	$3.1M	25x	as long as short
BloFin ARB-USDT	+0.0017%	8h	0.2199	−0.009%	$3.0M	$2.3M	75x	as long as short
Variational Omni ARB	+0.0029%	8h	0.2190	−0.423%	$1.8M	$3.0M	—	as long as short
Bitget ARBUSDT	+0.0079%	8h	0.2198	−0.050%	$21.1M	$34.7M	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2199	+0.015%	$139K	$7K	3x	as long as short
Bybit ARBUSDT	+0.0089%	8h	0.2199	−0.023%	$53.5M	$125.9M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2200	+0.018%	$1.3M	$5.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2200	+0.027%	$36.7M	$49.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2199	−0.005%	$630K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2201	+0.070%	$43K	$146K	10x	as long as short
KuCoin ARBUSDTMlong	+0.0100%	8h	0.2199	long leg	$19.6M	$13.8M	75x
BingX ARB-USDT	+0.0100%	8h	0.2198	−0.045%	—	$32.8M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2193	−0.276%	$40K	$467K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2194	−0.249%	$471K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2193	−0.277%	$118K	$267K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2200	+0.018%	$74K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2200	+0.041%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2199	+0.005%	$295K	$836K	50x	as long as short
RISEx ARB/USDC	+0.0123%	1h	0.2199	−0.007%	$524K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0254%	1h	0.2201	+0.086%	$983K	$2.8M	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0159%	1h	0.2199	−0.015%	$831K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2197	−0.087%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0336%	1h	0.2203	+0.177%	$526K	$1.5M	50x	as long as short