Funding you earn now, next payment 08:00 UTC+0.0222%/8h= +24.3% APRnext payment +$2.22 per $10,000 · paid last 24h +0.045%
Price spread now: Phemex against OKX+0.212%7-day average +0.066% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$470.470% of the position
Funding, last 7 days+0.102%+$10 on $10k
+Price spread, last 3 days (all we have)+0.225%+$22 · spread now +0.212%, 7d avg +0.066%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Phemex is 0.147% dearer against OKX than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.066%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.102% in total (about 5.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.22 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ARB-USDT-SWAP | 0.2213 | −0.0122 | get 0.0122% / 8h | 6h 24m | $22.3M | $156.6M | 50x |
| Short | Phemex ARBUSDT | 0.2218 | 0.0100 | get 0.0100% / 8h | 6h 24m | $5.0M | $13.1M | 50x |
OKX ARB-USDT-SWAP
Phemex ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against OKX. 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
- $46.52
- Price spread: +0.212% → +0.066%
- $14.67
- Slippage, 4 orders
- −$25.04
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $14.14
- Costs to cover
- 0.470%
- Break-even
- 4.9 days
Slippage from OKX: live order book, 4 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 OKX live order book, 4 min ago | 0.23 bp | 10.8 bp −$11 | 24.8 bp −$248 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 4.52 bp | 14.3 bp −$14 | 27.3 bp −$273 | doesn't fit | doesn't fit |
ARB on 35 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 | −0.1692% | 1h | 0.2203 | −0.465% | $40K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0240% | 1h | 0.2215 | +0.068% | $7K | $2K | 10x | as long as short |
| SoDEX ARB-USD | −0.0217% | 1h | 0.2219 | +0.244% | $10K | $2.5M | 5x | as long as short |
| Variational Omni ARB | −0.0171% | 8h | 0.2211 | −0.091% | $1.9M | $2.9M | — | as long as short |
| OKX ARB-USDT-SWAPlong | −0.0122% | 8h | 0.2213 | long leg | $22.3M | $156.6M | 50x | |
| MEXC ARB_USDT | −0.0119% | 8h | 0.2215 | +0.068% | $39.5M | $60.1M | 200x | as long as short |
| Gate ARB_USDT | −0.0086% | 8h | 0.2215 | +0.081% | $5.4M | $19.9M | 60x | as long as short |
| ApeX Omni ARBUSDT | −0.0069% | 1h | 0.2211 | −0.104% | $119K | $293K | 50x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0065% | 1h | 0.2220 | +0.280% | $24K | $34K | 25x | as long as short |
| Bybit ARBUSDT | −0.0064% | 8h | 0.2214 | +0.036% | $56.7M | $128.9M | 50x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
SoDEX ARB-USD
Variational Omni ARB
MEXC ARB_USDT
Gate ARB_USDT
ApeX Omni ARBUSDT
Deribit ARB_USDC-PERPETUAL
Bybit ARBUSDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ARB_USDC | −0.0060% | 8h | 0.2218 | +0.212% | $12K | $382K | 10x | as long as short |
| Binance ARBUSDT | −0.0002% | 8h | 0.2214 | +0.051% | $64.6M | $317.6M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2220 | +0.286% | $66K | $5K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2214 | +0.023% | $353K | $2.5M | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0011% | 1h | 0.2221 | +0.359% | $10K | — | 150x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2220 | +0.309% | $141K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2218 | +0.226% | $1.2M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2220 | +0.294% | $38.9M | $51.7M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2219 | +0.255% | $661K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2219 | +0.236% | $42K | $186K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2220 | +0.298% | $19.6M | $15.8M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2217 | +0.167% | $21.2M | $36.4M | 50x | as long as short |
| BingX ARB-USDT | +0.0100% | 8h | 0.2216 | +0.104% | — | $54.5M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2211 | −0.086% | $40K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2212 | −0.074% | $471K | $3.7M | 10x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2221 | +0.339% | $76K | $2.1M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2220 | +0.303% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2219 | +0.248% | $298K | $998K | 50x | as long as short |
| Phemex ARBUSDTshort | +0.0100% | 8h | 0.2218 | +0.212% | $5.0M | $13.1M | 50x | |
| Coinbase International ARB-PERP-INTX | +0.0240% | 1h | 0.2223 | +0.438% | $508K | $2.1M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2221 | +0.347% | $829K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2219 | +0.277% | $2K | $695 | 20x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0311% | 1h | 0.2220 | +0.307% | $1.1M | $4.7M | 50x | as long as short |
| RISEx ARB/USDC | +0.0466% | 1h | 0.2217 | +0.152% | $478K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0527% | 1h | 0.2221 | +0.361% | $1.0M | $2.9M | 20x | as long as short |
Orderly PERP_ARB_USDC
Binance ARBUSDT
dYdX ARB-USD
Extended ARB-USD
gTrade (Gains Network) ARB/USD
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDT
edgeX ARBUSDC
GRVT ARB_USDT_Perp
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Kraken Futures PF_ARBUSD
RISEx ARB/USDC
Backpack ARB_USDC_PERP