Funding you earn now, next payment 22:00 UTC+0.0164%/8h= +18.0% APRpaid last 24h +0.079%
Price spread now: Coinbase International against Phemex+0.179%7-day average +0.146% · 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−$66as in the Price arb table
costs, in and out, $10k−$700.697% of the position
Funding, last 7 days+0.350%+$35 on $10k
+Price spread, last 3 days (all we have)−0.075%−$8 · spread now +0.179%, 7d avg +0.146%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Coinbase International is 0.033% dearer against Phemex than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.146%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ARBUSDT | 0.2239 | 0.0100 | pay 0.0100% / 8h | 1h 37m | $5.2M | $13.5M | 50x |
| Short | Coinbase International ARB-PERP-INTX | 0.2243 | 0.0264 | get 0.0033% / 1h | 37m 08s | $509K | $2.3M | 50x |
Phemex ARBUSDT
Coinbase International ARB-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $34.44
- Price spread: +0.179% → +0.146%
- $3.28
- Slippage, 4 orders
- −$47.67
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$31.96
- Costs to cover
- 0.697%
- Break-even
- 13.5 days
Slippage from Phemex: live order book, 2 min ago; Coinbase International: 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, 2 min ago | 6.70 bp | 14.1 bp −$14 | 26.6 bp −$266 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 4.46 bp | 15.9 bp −$16 | 45.8 bp −$458 | 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 | −0.1770% | 1h | 0.2225 | −0.625% | $40K | $283K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0224% | 1h | 0.2239 | +0.004% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0162% | 8h | 0.2236 | −0.116% | $1.9M | $2.8M | — | as long as short |
| Bybit ARBUSDT | −0.0140% | 8h | 0.2241 | +0.089% | $57.8M | $135.3M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0100% | 8h | 0.2242 | +0.143% | $22.4M | $163.2M | 50x | as long as short |
| MEXC ARB_USDT | −0.0099% | 8h | 0.2242 | +0.134% | $37.5M | $62.4M | 200x | as long as short |
| SoDEX ARB-USD | −0.0065% | 1h | 0.2240 | +0.045% | $4K | $2.8M | 5x | as long as short |
| Polymarket Perps ARB-USD | −0.0053% | 1h | 0.2239 | +0.013% | $76K | $2.1M | 10x | as long as short |
| Orderly PERP_ARB_USDC | −0.0027% | 8h | 0.2239 | 0.000% | $10K | $393K | 10x | as long as short |
| Extended ARB-USD | −0.0008% | 1h | 0.2239 | −0.019% | $356K | $2.4M | 25x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Variational Omni ARB
Bybit ARBUSDT
OKX ARB-USDT-SWAP
MEXC ARB_USDT
SoDEX ARB-USD
Polymarket Perps ARB-USD
Orderly PERP_ARB_USDC
Extended ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDT | −0.0007% | 8h | 0.2242 | +0.120% | $64.0M | $322.2M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2242 | +0.133% | $66K | $4K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2241 | +0.076% | $26K | $32K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2241 | +0.073% | $56K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0030% | 8h | 0.2242 | +0.121% | $5.5M | $20.7M | 60x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2241 | +0.087% | $147K | $12K | 3x | as long as short |
| BingX ARB-USDC | +0.0081% | 8h | 0.2241 | +0.089% | — | $6.5M | — | as long as short |
| Bitget ARBUSDT | +0.0084% | 8h | 0.2241 | +0.089% | $21.0M | $37.9M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0085% | 1h | 0.2243 | +0.160% | $1.1M | $5.2M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2241 | +0.107% | $1.3M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2244 | +0.237% | $40.0M | $50.9M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2241 | +0.071% | $696K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2242 | +0.123% | $45K | $197K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2241 | +0.089% | $20.6M | $16.8M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2237 | −0.074% | $40K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2237 | −0.074% | $481K | $4.0M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2237 | −0.089% | $121K | $294K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2241 | +0.089% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2242 | +0.125% | $277K | $1.2M | 50x | as long as short |
| Phemex ARBUSDTlong | +0.0100% | 8h | 0.2239 | long leg | $5.2M | $13.5M | 50x | |
| BloFin ARB-USDT | +0.0113% | 8h | 0.2240 | +0.027% | $3.0M | $3.3M | 75x | as long as short |
| Coinbase International ARB-PERP-INTXshort | +0.0264% | 1h | 0.2243 | +0.179% | $509K | $2.3M | 50x | |
| GMX ARB/USD [ARB-USDC] | L +0.0275% / S −0.0158% | 1h | 0.2241 | +0.094% | $841K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2238 | −0.029% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0363% | 1h | 0.2242 | +0.112% | $494K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0640% | 1h | 0.2245 | +0.255% | $1.1M | $2.7M | 20x | as long as short |
Binance ARBUSDT
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Aevo ARB-PERP
BingX ARB-USDC
Bitget ARBUSDT
Kraken Futures PF_ARBUSD
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
BloFin ARB-USDT
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP