Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0087%/8h= −9.6% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against Phemex+0.070%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.070% dearer against Phemex than usual: you sell high and buy low (spread +0.070% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex ARBUSDT	0.2213	0.0100	pay 0.0100% / 8h	5h 37m	$4.9M	$12.9M	50x
Short	gTrade (Gains Network) ARB/USD	0.2215	L +0.0005% / S −0.0013%	get 0.0002% / 1h	37m 31s	$11K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.070%Rate

Funding earned: −$18.35
Price spread: +0.070% → 0.000%: $7
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$33.35
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 1 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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, 1 min ago	6.78 bp	14.1 bp −$14	28.1 bp −$281	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1577%	1h	0.2203	−0.452%	$40K	$372K	12x	as long as short
SoDEX ARB-USD	−0.0171%	1h	0.2213	+0.018%	$10K	$2.4M	5x	as long as short
Variational Omni ARB	−0.0150%	8h	0.2215	+0.082%	$1.9M	$2.9M	—	as long as short
01 Exchange ARBUSD	−0.0144%	1h	0.2218	+0.212%	$7K	$2K	10x	as long as short
MEXC ARB_USDT	−0.0132%	8h	0.2216	+0.127%	$38.2M	$59.1M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0131%	8h	0.2220	+0.303%	$22.3M	$151.9M	50x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0111%	1h	0.2214	+0.050%	$24K	$34K	25x	as long as short
Kraken Futures PF_ARBUSD	−0.0098%	1h	0.2213	+0.018%	$1.1M	$4.6M	50x	as long as short
Polymarket Perps ARB-USD	−0.0088%	1h	0.2219	+0.276%	$96K	$2.1M	10x	as long as short
Bybit ARBUSDT	−0.0087%	8h	0.2218	+0.244%	$56.4M	$126.4M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ARB_USDT	−0.0076%	8h	0.2218	+0.212%	$5.4M	$19.0M	60x	as long as short
Orderly PERP_ARB_USDC	−0.0072%	8h	0.2213	0.000%	$12K	$383K	10x	as long as short
ApeX Omni ARBUSDT	−0.0002%	1h	0.2213	0.000%	$119K	$283K	50x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2217	+0.158%	$66K	$5K	10x	as long as short
Binance ARBUSDT	+0.0003%	8h	0.2219	+0.266%	$64.7M	$308.6M	75x	as long as short
gTrade (Gains Network) ARB/USDshort	L +0.0005% / S −0.0013%	1h	0.2215	+0.070%	$11K	—	150x
Extended ARB-USD	+0.0008%	1h	0.2217	+0.167%	$352K	$2.5M	25x	as long as short
BloFin ARB-USDT	+0.0018%	8h	0.2211	−0.108%	$3.1M	$2.7M	75x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2214	+0.045%	$140K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2216	+0.127%	$1.2M	$6.4M	15x	as long as short
Bitget ARBUSDT	+0.0096%	8h	0.2218	+0.226%	$21.2M	$35.0M	50x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2220	+0.334%	$38.5M	$49.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2214	+0.058%	$649K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2216	+0.156%	$42K	$178K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2216	+0.136%	$19.6M	$15.5M	75x	as long as short
BingX ARB-USDC	+0.0100%	8h	0.2215	+0.108%	—	$6.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2215	+0.090%	$40K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2212	−0.046%	$475K	$3.6M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2218	+0.226%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2215	+0.090%	$297K	$945K	50x	as long as short
Phemex ARBUSDTlong	+0.0100%	8h	0.2213	long leg	$4.9M	$12.9M	50x
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2224	+0.502%	$508K	$2.1M	50x	as long as short
RISEx ARB/USDC	+0.0232%	1h	0.2219	+0.283%	$491K	$2.7M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2215	+0.072%	$826K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2219	+0.253%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0535%	1h	0.2216	+0.127%	$998K	$2.8M	20x	as long as short