Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Phemex against Pacifica−0.095%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$650.649% of the position

Long on Pacifica Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.112%−$11 on $10k

Price spread, last 3 days (all we have)+0.674%+$67 · spread now −0.095%, 7d avg +0.014%

Together, before fees+0.562%+ Points / potential airdropPacifica: Active · farm board+$56 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 0.109% cheaper against Pacifica than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica ARB	0.2214	0.0100	pay 0.0013% / 1h	30m 26s	$42K	$188K	10x
Short	Phemex ARBUSDT	0.2212	0.0100	get 0.0100% / 8h	6h 30m	$5.0M	$13.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Pacifica. 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 PacificabpFee PhemexbpOrdersPrice spread, now −0.095%Rate

Funding earned: $0
Price spread: −0.095% → +0.014%: −$10.87
Slippage, 4 orders: −$44.9
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$75.76
Costs to cover: 0.649%
Break-even: never at this rate

Slippage from Pacifica: live order book, 37 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 Pacifica live order book, 37 min ago	8.82 bp	16.1 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	4.51 bp	15.5 bp −$16	27.9 bp −$279	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	0.2208	−0.276%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0240%	1h	0.2212	−0.081%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0209%	1h	0.2213	−0.072%	$10K	$2.5M	5x	as long as short
Variational Omni ARB	−0.0172%	8h	0.2211	−0.144%	$1.9M	$2.9M	—	as long as short
ApeX Omni ARBUSDT	−0.0156%	1h	0.2226	+0.537%	$120K	$296K	50x	as long as short
OKX ARB-USDT-SWAP	−0.0114%	8h	0.2212	−0.090%	$22.3M	$156.9M	50x	as long as short
MEXC ARB_USDT	−0.0113%	8h	0.2212	−0.113%	$40.1M	$59.6M	200x	as long as short
Bybit ARBUSDT	−0.0066%	8h	0.2213	−0.068%	$56.8M	$129.0M	50x	as long as short
Gate ARB_USDT	−0.0063%	8h	0.2212	−0.077%	$5.4M	$19.8M	60x	as long as short
Orderly PERP_ARB_USDC	−0.0059%	8h	0.2212	−0.095%	$12K	$381K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDT	−0.0001%	8h	0.2212	−0.081%	$64.5M	$318.1M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2213	−0.057%	$65K	$5K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2211	−0.128%	$353K	$2.5M	25x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2213	−0.045%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0011%	1h	0.2213	−0.043%	$10K	—	150x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2213	−0.050%	$140K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2211	−0.122%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2213	−0.050%	$38.2M	$51.1M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2212	−0.090%	$659K	$1.7M	20x	as long as short
Pacifica ARBlong	+0.0100%	1h	0.2214	long leg	$42K	$188K	10x
KuCoin ARBUSDTM	+0.0100%	8h	0.2213	−0.050%	$19.6M	$15.8M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2211	−0.140%	$21.2M	$36.3M	50x	as long as short
BingX ARB-USDT	+0.0100%	8h	0.2212	−0.086%	—	$54.6M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2225	+0.481%	$40K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2219	+0.216%	$480K	$3.7M	10x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2213	−0.063%	$76K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2213	−0.050%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2212	−0.108%	$297K	$1.0M	50x	as long as short
Phemex ARBUSDTshort	+0.0100%	8h	0.2212	−0.095%	$5.0M	$13.0M	50x
Coinbase International ARB-PERP-INTX	+0.0240%	1h	0.2219	+0.221%	$508K	$2.1M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2214	−0.016%	$826K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2211	−0.121%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0312%	1h	0.2214	−0.023%	$1.1M	$4.7M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2214	+0.002%	$469K	$2.6M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0523%	1h	0.2214	+0.014%	$997K	$2.9M	20x	as long as short