Funding you earn now, next payment 04:00 UTC+0.0005%/8h= +0.6% APRpaid last 24h −0.001%
Price spread now: ApeX Omni against Phemex−0.273%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$770.772% of the position
Funding, last 7 days+0.102%+$10 on $10k
+Price spread, last 4 days (all we have)−1.104%−$110 · spread now −0.273%, 7d avg +0.008%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.281% cheaper against Phemex than usual: you would sell low and buy high, −$28 on $10k if it goes back to its 7-day average of +0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ARBUSDT | 0.2199 | 0.0095 | pay 0.0095% / 8h | 4h 46m | $4.9M | $12.9M | 50x |
| Short | ApeX Omni ARBUSDT | 0.2193 | 0.0100 | get 0.0013% / 1h | 46m 27s | $118K | $282K | 50x |
Phemex ARBUSDT
ApeX Omni ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Phemex. 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
- $1.13
- Price spread: −0.273% → +0.008%
- −$28.12
- Slippage, 4 orders
- −$55.23
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$104.21
- Costs to cover
- 0.772%
- Break-even
- 650.3 days
Slippage from Phemex: live order book, 3 min ago; ApeX Omni: live order book, 11 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, 3 min ago | 11.40 bp | 21.0 bp −$21 | 30.9 bp −$309 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 11 min ago | 6.81 bp | 15.5 bp −$15 | 108.8 bp −$1,088 | 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 | −0.1649% | 1h | 0.2188 | −0.500% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0144% | 1h | 0.2201 | +0.082% | $7K | $2K | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0135% | 8h | 0.2201 | +0.086% | $22.2M | $147.9M | 50x | as long as short |
| MEXC ARB_USDT | −0.0134% | 8h | 0.2201 | +0.095% | $40.7M | $59.6M | 200x | as long as short |
| Polymarket Perps ARB-USD | −0.0122% | 1h | 0.2201 | +0.073% | $90K | $2.1M | 10x | as long as short |
| Variational Omni ARB | −0.0117% | 8h | 0.2192 | −0.302% | $1.8M | $2.9M | — | as long as short |
| Gate ARB_USDT | −0.0100% | 8h | 0.2201 | +0.109% | $5.3M | $18.7M | 60x | as long as short |
| Orderly PERP_ARB_USDC | −0.0078% | 8h | 0.2199 | 0.000% | $13K | $388K | 10x | as long as short |
| Bybit ARBUSDT | −0.0044% | 8h | 0.2201 | +0.091% | $55.7M | $125.9M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0006% | 1h | 0.2200 | +0.032% | $1.1M | $4.4M | 50x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Polymarket Perps ARB-USD
Variational Omni ARB
Gate ARB_USDT
Orderly PERP_ARB_USDC
Bybit ARBUSDT
Kraken Futures PF_ARBUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2203 | +0.164% | $65K | $5K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2199 | +0.014% | $24K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2200 | +0.032% | $32K | — | 150x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2201 | +0.069% | $349K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0012% | 8h | 0.2201 | +0.096% | $64.2M | $306.4M | 75x | as long as short |
| BloFin ARB-USDT | +0.0038% | 8h | 0.2200 | +0.023% | $3.1M | $2.6M | 75x | as long as short |
| SoDEX ARB-USD | +0.0041% | 1h | 0.2198 | −0.023% | $10K | $2.3M | 5x | as long as short |
| Bitget ARBUSDT | +0.0065% | 8h | 0.2202 | +0.136% | $20.9M | $34.6M | 50x | as long as short |
| BingX ARB-USDT | +0.0066% | 8h | 0.2202 | +0.114% | — | $53.8M | — | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2200 | +0.029% | $140K | $7K | 3x | as long as short |
| Phemex ARBUSDTlong | +0.0095% | 8h | 0.2199 | long leg | $4.9M | $12.9M | 50x | |
| Lighter ARB | +0.0096% | 1h | 0.2201 | +0.082% | $1.2M | $5.7M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2202 | +0.155% | $38.0M | $48.7M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2201 | +0.068% | $634K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2201 | +0.108% | $43K | $169K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2203 | +0.164% | $19.5M | $15.1M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2193 | −0.260% | $40K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2194 | −0.227% | $468K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDTshort | +0.0100% | 1h | 0.2193 | −0.273% | $118K | $282K | 50x | |
| SunX ARB-USDT | +0.0100% | 8h | 0.2203 | +0.182% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2200 | +0.045% | $299K | $952K | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2203 | +0.182% | $493K | $2.0M | 50x | as long as short |
| RISEx ARB/USDC | +0.0225% | 1h | 0.2203 | +0.163% | $477K | $2.6M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2200 | +0.044% | $821K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2200 | +0.050% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0619% | 1h | 0.2204 | +0.214% | $996K | $2.8M | 20x | as long as short |
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Binance ARBUSDT
BloFin ARB-USDT
SoDEX ARB-USD
Bitget ARBUSDT
BingX ARB-USDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
SunX ARB-USDT
HTX ARB-USDT
Coinbase International ARB-PERP-INTX
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP