Funding you earn now, next payment 08:00 UTC+0.0154%/8h= +16.8% APRnext payment +$1.54 per $10,000 · paid last 24h +0.047%
Price spread now: Phemex against Orderly0.000%7-day average +0.006% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.179%+$18 on $10k
+Price spread, last 3 days (all we have)+0.018%+$2 · spread now 0.000%, 7d avg +0.006%
=The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ARB_USDC | 0.2215 | −0.0054 | get 0.0054% / 8h | 6h 50m | $13K | $385K | 10x |
| Short | Phemex ARBUSDT | 0.2215 | 0.0100 | get 0.0100% / 8h | 6h 50m | $5.1M | $13.0M | 50x |
Orderly PERP_ARB_USDC
Phemex ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Orderly. 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
- $32.25
- Price spread: 0.000% → +0.006%
- −$0.57
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $13.68
- Costs to cover
- 0.180%
- Break-even
- 4.0 days
Slippage unknown: Orderly: 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 3 min ago | 9.07 bp | 22.2 bp −$22 | 68.7 bp −$687 | doesn't fit | doesn't fit |
Orderly: 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 | −0.1692% | 1h | 0.2202 | −0.587% | $40K | $372K | 12x | as long as short |
| ApeX Omni ARBUSDT | −0.0744% | 1h | 0.2210 | −0.226% | $119K | $296K | 50x | as long as short |
| 01 Exchange ARBUSD | −0.0208% | 1h | 0.2212 | −0.117% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0189% | 8h | 0.2213 | −0.076% | $1.9M | $2.9M | — | as long as short |
| OKX ARB-USDT-SWAP | −0.0105% | 8h | 0.2212 | −0.158% | $22.3M | $157.0M | 50x | as long as short |
| MEXC ARB_USDT | −0.0104% | 8h | 0.2214 | −0.050% | $37.3M | $58.9M | 200x | as long as short |
| SoDEX ARB-USD | −0.0087% | 1h | 0.2214 | −0.027% | $10K | $2.5M | 5x | as long as short |
| Bybit ARBUSDT | −0.0077% | 8h | 0.2211 | −0.167% | $57.0M | $129.2M | 50x | as long as short |
| Orderly PERP_ARB_USDClong | −0.0054% | 8h | 0.2215 | long leg | $13K | $385K | 10x | |
| Deribit ARB_USDC-PERPETUAL | −0.0021% | 1h | 0.2215 | −0.005% | $24K | $34K | 25x | as long as short |
Injective ARB/USDC PERP
ApeX Omni ARBUSDT
01 Exchange ARBUSD
Variational Omni ARB
OKX ARB-USDT-SWAP
MEXC ARB_USDT
SoDEX ARB-USD
Bybit ARBUSDT
Deribit ARB_USDC-PERPETUALShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2216 | +0.031% | $66K | $5K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2215 | 0.000% | $31K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0007% | 8h | 0.2212 | −0.131% | $64.6M | $318.0M | 75x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2211 | −0.159% | $352K | $2.5M | 25x | as long as short |
| BloFin ARB-USDT | +0.0029% | 8h | 0.2214 | −0.041% | $3.2M | $2.9M | 75x | as long as short |
| Gate ARB_USDT | +0.0051% | 8h | 0.2215 | −0.023% | $5.4M | $19.6M | 60x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2216 | +0.024% | $141K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2215 | −0.023% | $1.3M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2213 | −0.072% | $38.2M | $50.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2217 | +0.077% | $660K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2216 | +0.038% | $44K | $186K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2216 | +0.032% | $19.6M | $15.9M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2213 | −0.090% | $21.1M | $36.5M | 50x | as long as short |
| BingX ARB-USDT | +0.0100% | 8h | 0.2213 | −0.104% | — | $54.6M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2208 | −0.326% | $40K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2209 | −0.287% | $479K | $3.6M | 10x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2214 | −0.063% | $77K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2214 | −0.045% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2214 | −0.045% | $296K | $1.0M | 50x | as long as short |
| Phemex ARBUSDTshort | +0.0100% | 8h | 0.2215 | 0.000% | $5.1M | $13.0M | 50x | |
| Coinbase International ARB-PERP-INTX | +0.0240% | 1h | 0.2212 | −0.131% | $506K | $2.2M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2215 | +0.023% | $827K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2211 | −0.203% | $2K | $695 | 20x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0312% | 1h | 0.2216 | +0.056% | $1.1M | $4.8M | 50x | as long as short |
| RISEx ARB/USDC | +0.0466% | 1h | 0.2215 | +0.005% | $500K | $2.6M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0531% | 1h | 0.2218 | +0.113% | $1.0M | $2.9M | 20x | as long as short |
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
BloFin ARB-USDT
Gate ARB_USDT
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