Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.003%

Price spread now: Aevo against Phemex+0.066%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$161as in the Funding arb table

Net, price: spread back to 7d avg − costs−$168as in the Price arb table

costs, in and out, $10k−$1701.702% of the position

Long on Phemex Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.066%, 7d avg +0.040%

Together, before fees+0.048%+$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aevo is 0.026% dearer against Phemex than usual: you sell high and buy low (spread +0.066% now, against its 7-day average of +0.040%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.3 days. Mind the row above: over the last 7 days funding on this pair paid +0.091%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex ARBUSDT	0.2189	0.0100	pay 0.0100% / 8h	42m 36s	$4.8M	$12.8M	50x
Short	Aevo ARB-PERP	0.2190	0.0080	get 0.0010% / 1h	42m 36s	$139K	$7K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Phemex. 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 PhemexbpFee AevobpOrdersPrice spread, now +0.066%Rate

Funding earned: −$4.2
Price spread: +0.066% → +0.040%: $2.58
Slippage, 4 orders: −$142.22
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$171.84
Costs to cover: 1.702%
Break-even: never at this rate

Slippage from Phemex: live order book, 6 min ago; Aevo: live order book, 57 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 Phemex live order book, 6 min ago	6.84 bp	15.8 bp −$16	26.4 bp −$264	doesn't fit	doesn't fit
Sell Aevo live order book, 57 min ago	38.44 bp	70.1 bp −$70	doesn't fit	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	−0.1612%	1h	0.2179	−0.457%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0128%	1h	0.2188	−0.055%	$7K	$236	10x	as long as short
OKX ARB-USDT-SWAP	−0.0083%	8h	0.2189	0.000%	$22.0M	$144.6M	50x	as long as short
MEXC ARB_USDT	−0.0082%	8h	0.2188	−0.050%	$42.3M	$61.7M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0040%	8h	0.2190	+0.046%	$13K	$404K	10x	as long as short
Variational Omni ARB	−0.0018%	8h	0.2190	+0.024%	$1.8M	$3.0M	—	as long as short
dYdX ARB-USD	0.0000%	1h	0.2188	−0.066%	$65K	$5K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2188	−0.065%	$349K	$3.1M	25x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2189	0.000%	$28K	$38K	25x	as long as short
Binance ARBUSDT	+0.0002%	8h	0.2188	−0.027%	$62.6M	$300.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2191	+0.071%	$44K	—	150x	as long as short
BloFin ARB-USDT	+0.0006%	8h	0.2188	−0.069%	$3.0M	$2.3M	75x	as long as short
Bybit ARBUSDT	+0.0006%	8h	0.2189	+0.005%	$53.6M	$125.9M	50x	as long as short
Gate ARB_USDT	+0.0022%	8h	0.2189	−0.018%	$5.4M	$18.3M	60x	as long as short
Polymarket Perps ARB-USD	+0.0025%	1h	0.2189	−0.009%	$67K	$2.1M	10x	as long as short
SoDEX ARB-USD	+0.0027%	1h	0.2188	−0.041%	$9K	$2.2M	5x	as long as short
RISEx ARB/USDC	+0.0069%	1h	0.2192	+0.121%	$493K	$2.6M	10x	as long as short
BingX ARB-USDC	+0.0079%	8h	0.2187	−0.101%	—	$6.5M	—	as long as short
Bitget ARBUSDT	+0.0080%	8h	0.2188	−0.046%	$21.2M	$34.6M	50x	as long as short
Aevo ARB-PERPshort	+0.0080%	1h	0.2190	+0.066%	$139K	$7K	3x
Kraken Futures PF_ARBUSD	+0.0093%	1h	0.2189	+0.019%	$1.1M	$4.4M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2188	−0.037%	$1.2M	$5.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2187	−0.114%	$36.9M	$49.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2189	−0.003%	$630K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2188	−0.027%	$42K	$147K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2187	−0.110%	$19.4M	$14.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2191	+0.087%	$39K	$465K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2190	+0.029%	$473K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2188	−0.046%	$118K	$279K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2191	+0.091%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2188	−0.041%	$293K	$836K	50x	as long as short
Phemex ARBUSDTlong	+0.0100%	8h	0.2189	long leg	$4.8M	$12.8M	50x
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2191	+0.079%	$827K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2188	−0.027%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0336%	1h	0.2200	+0.521%	$526K	$1.5M	50x	as long as short
Backpack ARB_USDC_PERP	+0.0713%	1h	0.2191	+0.091%	$988K	$2.9M	20x	as long as short