ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0017%/8h= −1.9% APRnext payment −$0.17 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Phemex−0.130%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$710.715% of the position

Long on Phemex Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 3 days (all we have)−2.556%−$256 · spread now −0.130%, 7d avg −0.073%

Together, before fees−2.493%−$249 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.056% cheaper against Phemex than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.073%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.063%, 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	0.2234	0.0100	pay 0.0100% / 8h	1h 42m	$5.2M	$13.5M	50x
Short	BingX ARB-USDC	0.2231	0.0083	get 0.0083% / 8h	1h 42m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.130%Rate

Funding earned: −$3.57
Price spread: −0.130% → −0.073%: −$5.65
Slippage, 4 orders: −$49.49
Fee Phemex: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$80.7
Costs to cover: 0.715%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; BingX: live order book, 9 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, 2 min ago	6.72 bp	16.8 bp −$17	30.0 bp −$300	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	3.82 bp	20.9 bp −$21	44.6 bp −$446	98.2 bp −$9,818	629.0 bp −$314.5K

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	−0.1770%	1h	0.2223	−0.492%	$40K	$283K	12x	as long as short
01 Exchange ARBUSD	−0.0224%	1h	0.2233	−0.027%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0157%	8h	0.2228	−0.267%	$1.9M	$2.8M	—	as long as short
Bybit ARBUSDT	−0.0138%	8h	0.2233	−0.067%	$57.5M	$135.7M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0102%	8h	0.2233	−0.054%	$22.3M	$163.2M	50x	as long as short
MEXC ARB_USDT	−0.0102%	8h	0.2233	−0.045%	$36.6M	$62.2M	200x	as long as short
SoDEX ARB-USD	−0.0068%	1h	0.2234	−0.018%	$4K	$2.8M	5x	as long as short
Polymarket Perps ARB-USD	−0.0060%	1h	0.2233	−0.036%	$76K	$2.2M	10x	as long as short
Orderly PERP_ARB_USDC	−0.0025%	8h	0.2234	0.000%	$10K	$394K	10x	as long as short
Binance ARBUSDT	−0.0011%	8h	0.2233	−0.045%	$63.6M	$322.5M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ARB-USD	−0.0008%	1h	0.2232	−0.086%	$355K	$2.4M	25x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2233	−0.056%	$66K	$4K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2235	+0.027%	$26K	$32K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2235	+0.035%	$55K	—	150x	as long as short
Gate ARB_USDT	+0.0023%	8h	0.2233	−0.049%	$5.5M	$20.6M	60x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2235	+0.045%	$146K	$12K	3x	as long as short
Bitget ARBUSDT	+0.0082%	8h	0.2232	−0.090%	$20.9M	$38.0M	50x	as long as short
BingX ARB-USDCshort	+0.0083%	8h	0.2231	−0.130%	—	$6.5M	—
Kraken Futures PF_ARBUSD	+0.0085%	1h	0.2236	+0.107%	$1.1M	$5.2M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2234	−0.009%	$1.3M	$7.3M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2237	+0.116%	$39.9M	$52.2M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2234	−0.021%	$694K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2234	−0.018%	$44K	$197K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2235	+0.054%	$20.6M	$16.8M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2232	−0.084%	$36K	$460K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2232	−0.090%	$480K	$4.0M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2232	−0.090%	$121K	$294K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2235	+0.045%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2234	+0.009%	$276K	$1.2M	50x	as long as short
Phemex ARBUSDTlong	+0.0100%	8h	0.2234	long leg	$5.2M	$13.5M	50x
BloFin ARB-USDT	+0.0109%	8h	0.2234	−0.009%	$3.0M	$3.3M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0264%	1h	0.2236	+0.090%	$507K	$2.5M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0274% / S −0.0157%	1h	0.2235	+0.031%	$836K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0291%	1h	0.2233	−0.064%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0363%	1h	0.2235	+0.065%	$493K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0627%	1h	0.2238	+0.166%	$1.1M	$2.7M	20x	as long as short