ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.16 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Phemex+0.090%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$750.752% of the position

Long on Phemex Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 3 days (all we have)−1.498%−$150 · spread now +0.090%, 7d avg −0.036%

Together, before fees−1.477%−$148 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.125% dearer against Phemex than usual: you sell high and buy low (spread +0.090% now, against its 7-day average of −0.036%): +$13 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 26 days.

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	2h 39m	$5.4M	$13.8M	50x
Short	Bitget ARBUSDT	0.2236	0.0084	get 0.0084% / 8h	2h 39m	$21.0M	$38.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.090%Rate

Funding earned: −$3.36
Price spread: +0.090% → −0.036%: $12.52
Slippage, 4 orders: −$51.24
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$66.08
Costs to cover: 0.752%
Break-even: never at this rate

Slippage from Phemex: live order book, 5 min ago; Bitget: live order book, 5 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, 5 min ago	8.99 bp	29.3 bp −$29	69.6 bp −$696	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	2.25 bp	12.2 bp −$12	26.2 bp −$262	141.5 bp −$14.1K	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	−0.1675%	1h	0.2219	−0.671%	$40K	$107K	12x	as long as short
01 Exchange ARBUSD	−0.0336%	1h	0.2232	−0.090%	$7K	$2K	10x	as long as short
Bybit ARBUSDT	−0.0218%	8h	0.2235	+0.022%	$56.6M	$136.3M	50x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0197%	1h	0.2235	+0.058%	$37K	$18K	25x	as long as short
Variational Omni ARB	−0.0184%	8h	0.2232	−0.082%	$1.9M	$2.8M	—	as long as short
SoDEX ARB-USD	−0.0073%	1h	0.2234	−0.009%	$4K	$2.9M	5x	as long as short
OKX ARB-USDT-SWAP	−0.0069%	8h	0.2234	+0.004%	$22.2M	$165.7M	50x	as long as short
MEXC ARB_USDT	−0.0067%	8h	0.2234	−0.009%	$37.6M	$63.3M	200x	as long as short
Kraken Futures PF_ARBUSD	−0.0053%	1h	0.2235	+0.066%	$1.1M	$5.3M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0010%	8h	0.2234	0.000%	$10K	$386K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2232	−0.104%	$66K	$4K	10x	as long as short
Polymarket Perps ARB-USD	+0.0002%	1h	0.2234	0.000%	$77K	$2.3M	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2236	+0.079%	$55K	—	150x	as long as short
Binance ARBUSDT	+0.0007%	8h	0.2236	+0.090%	$63.6M	$326.3M	75x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2233	−0.033%	$355K	$2.5M	25x	as long as short
Gate ARB_USDT	+0.0017%	8h	0.2237	+0.134%	$5.5M	$21.5M	60x	as long as short
BloFin ARB-USDT	+0.0030%	8h	0.2235	+0.022%	$3.0M	$3.3M	75x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2236	+0.083%	$146K	$12K	3x	as long as short
BingX ARB-USDC	+0.0083%	8h	0.2234	+0.004%	—	$6.5M	—	as long as short
Bitget ARBUSDTshort	+0.0084%	8h	0.2236	+0.090%	$21.0M	$38.8M	50x
Lighter ARB	+0.0096%	1h	0.2235	+0.063%	$1.3M	$7.7M	15x	as long as short
ApeX Omni ARBUSDT	+0.0097%	1h	0.2230	−0.179%	$121K	$297K	50x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2238	+0.192%	$40.1M	$53.1M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2235	+0.062%	$695K	$1.8M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2233	−0.054%	$46K	$205K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2236	+0.107%	$20.7M	$17.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2231	−0.135%	$38K	$448K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2231	−0.146%	$478K	$4.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2232	−0.090%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2234	−0.018%	$275K	$1.2M	50x	as long as short
Phemex ARBUSDTlong	+0.0100%	8h	0.2234	long leg	$5.4M	$13.8M	50x
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0168%	1h	0.2236	+0.077%	$820K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2235	+0.045%	$507K	$2.5M	50x	as long as short
Reya ARBRUSDPERP	+0.0291%	1h	0.2233	−0.027%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0531%	1h	0.2239	+0.228%	$1.1M	$2.8M	20x	as long as short
RISEx ARB/USDC	+0.0546%	1h	0.2234	+0.011%	$490K	$2.9M	10x	as long as short