Funding you earn now, next payment 00:00 UTC−0.0067%/8h= −7.4% APRnext payment −$0.67 per $10,000 · paid last 24h +0.014%
Price spread now: BloFin against Phemex+0.058%59s7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$500.503% of the position
Funding, last 7 days+0.151%+$15 on $10k
+Price spread, last 3 days (all we have)−0.311%−$31 · spread now +0.058%, 7d avg −0.003%
=The price spread pays, funding is against you. BloFin is 0.061% dearer against Phemex than usual: you sell high and buy low (spread +0.058% now, against its 7-day average of −0.003%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.0 days. Mind the row above: over the last 7 days funding on this pair paid +0.151%, so the current rate has only just turned against you. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ARBUSDT | 0.2250 | 0.0100 | pay 0.0100% / 8h | 2h 25m | $5.3M | $13.8M | 50x |
| Short | BloFin ARB-USDT | 0.2251 | 0.0033 | get 0.0033% / 8h | 2h 25m | $3.0M | $3.3M | 75x |
Phemex ARBUSDT
BloFin ARB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$14.16
- Price spread: +0.058% → −0.003%
- $6.12
- Slippage, 4 orders
- −$26.34
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$58.39
- Costs to cover
- 0.503%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; BloFin: live order book, 2 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 | 4.45 bp | 14.3 bp −$14 | 27.0 bp −$270 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 0.22 bp | 13.2 bp −$13 | 29.1 bp −$291 | 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 | −0.1675% | 1h | 0.2239 | −0.489% | $40K | $197K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0288% | 1h | 0.2249 | −0.044% | $7K | $2K | 10x | as long as short |
| Bybit ARBUSDT | −0.0175% | 8h | 0.2247 | −0.129% | $56.5M | $136.0M | 50x | as long as short |
| Variational Omni ARB | −0.0172% | 8h | 0.2249 | −0.038% | $1.9M | $2.8M | — | as long as short |
| OKX ARB-USDT-SWAP | −0.0090% | 8h | 0.2246 | −0.160% | $22.4M | $166.0M | 50x | as long as short |
| MEXC ARB_USDT | −0.0089% | 8h | 0.2248 | −0.111% | $37.8M | $63.6M | 200x | as long as short |
| SoDEX ARB-USD | −0.0082% | 1h | 0.2250 | 0.000% | $4K | $2.9M | 5x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0061% | 1h | 0.2252 | +0.102% | $38K | $20K | 25x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0053% | 1h | 0.2252 | +0.076% | $1.1M | $5.2M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0015% | 8h | 0.2252 | +0.089% | $11K | $388K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Bybit ARBUSDT
Variational Omni ARB
OKX ARB-USDT-SWAP
MEXC ARB_USDT
SoDEX ARB-USD
Deribit ARB_USDC-PERPETUAL
Kraken Futures PF_ARBUSD
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ARB-USD | −0.0004% | 1h | 0.2249 | −0.044% | $78K | $2.2M | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2250 | −0.008% | $66K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2252 | +0.096% | $59K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0007% | 8h | 0.2247 | −0.116% | $63.9M | $325.0M | 75x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2247 | −0.139% | $358K | $2.4M | 25x | as long as short |
| Gate ARB_USDT | +0.0015% | 8h | 0.2250 | 0.000% | $5.5M | $21.6M | 60x | as long as short |
| BloFin ARB-USDTshort | +0.0033% | 8h | 0.2251 | +0.058% | $3.0M | $3.3M | 75x | |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2253 | +0.122% | $147K | $12K | 3x | as long as short |
| BingX ARB-USDT | +0.0085% | 8h | 0.2248 | −0.111% | — | $54.0M | — | as long as short |
| Bitget ARBUSDT | +0.0086% | 8h | 0.2247 | −0.133% | $21.1M | $38.5M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2251 | +0.044% | $1.3M | $7.7M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2251 | +0.040% | $40.2M | $53.2M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2249 | −0.059% | $700K | $1.8M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2251 | +0.031% | $47K | $200K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2249 | −0.036% | $20.8M | $17.0M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2249 | −0.057% | $36K | $453K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2249 | −0.040% | $480K | $4.1M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2248 | −0.089% | $122K | $297K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2251 | +0.044% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2248 | −0.076% | $276K | $1.2M | 50x | as long as short |
| Phemex ARBUSDTlong | +0.0100% | 8h | 0.2250 | long leg | $5.3M | $13.8M | 50x | |
| GMX ARB/USD [ARB-USDC] | L +0.0154% / S −0.0018% | 1h | 0.2252 | +0.093% | $853K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2252 | +0.107% | $502K | $2.5M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2249 | −0.058% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0546% | 1h | 0.2250 | −0.001% | $495K | $2.9M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0582% | 1h | 0.2253 | +0.120% | $1.1M | $2.7M | 20x | as long as short |
Polymarket Perps ARB-USD
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
Gate ARB_USDT
Aevo ARB-PERP
BingX ARB-USDT
Bitget ARBUSDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP