ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0125%/8h= −13.7% APRnext payment −$1.25 per $10,000 · paid last 24h −0.016%

Price spread now: Gate against Phemex+0.063%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$640.640% of the position

Long on Phemex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 3 days (all we have)−0.487%−$49 · spread now +0.063%, 7d avg −0.032%

Together, before fees−0.538%−$54 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.095% dearer against Phemex than usual: you sell high and buy low (spread +0.063% now, against its 7-day average of −0.032%): +$10 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.5 days. At the pace of the last 7 days (−0.050% in total) that is about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex ARBUSDT	0.2220	0.0065	pay 0.0065% / 8h	6h 06m	$5.0M	$12.9M	50x
Short	Gate ARB_USDT	0.2221	−0.0060	pay 0.0060% / 8h	6h 06m	$5.4M	$20.0M	60x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.063%Rate

Funding earned: −$26.32
Price spread: +0.063% → −0.032%: $9.51
Slippage, 4 orders: −$36.99
Fee Phemex: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$80.8
Costs to cover: 0.640%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; Gate: 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	6.79 bp	16.8 bp −$17	28.0 bp −$280	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	1.58 bp	15.5 bp −$16	25.4 bp −$254	101.9 bp −$10.2K	doesn't fit

ARB on 35 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	−0.1692%	1h	0.2210	−0.450%	$40K	$372K	12x	as long as short
SoDEX ARB-USD	−0.0231%	1h	0.2219	−0.036%	$10K	$2.5M	5x	as long as short
01 Exchange ARBUSD	−0.0216%	1h	0.2218	−0.068%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0157%	8h	0.2213	−0.299%	$1.9M	$2.9M	—	as long as short
OKX ARB-USDT-SWAP	−0.0128%	8h	0.2221	+0.068%	$22.4M	$155.8M	50x	as long as short
MEXC ARB_USDT	−0.0127%	8h	0.2221	+0.068%	$39.1M	$60.3M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0068%	8h	0.2218	−0.090%	$13K	$382K	10x	as long as short
Gate ARB_USDTshort	−0.0060%	8h	0.2221	+0.063%	$5.4M	$20.0M	60x
Bybit ARBUSDT	−0.0040%	8h	0.2220	−0.009%	$56.6M	$128.3M	50x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0020%	1h	0.2219	−0.036%	$24K	$34K	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDT	−0.0004%	8h	0.2222	+0.091%	$64.7M	$315.9M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2220	+0.021%	$66K	$5K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2220	−0.011%	$352K	$2.5M	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0011%	1h	0.2219	−0.023%	$10K	—	150x	as long as short
ApeX Omni ARBUSDT	+0.0059%	1h	0.2208	−0.541%	$119K	$286K	50x	as long as short
Phemex ARBUSDTlong	+0.0065%	8h	0.2220	long leg	$5.0M	$12.9M	50x
Aevo ARB-PERP	+0.0080%	1h	0.2220	−0.016%	$141K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2220	−0.014%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2221	+0.045%	$38.7M	$51.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2220	−0.011%	$661K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2220	+0.015%	$42K	$183K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2221	+0.041%	$19.6M	$15.7M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2221	+0.045%	$21.3M	$36.1M	50x	as long as short
BingX ARB-USDC	+0.0100%	8h	0.2220	+0.023%	—	$6.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2206	−0.611%	$40K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2206	−0.625%	$479K	$3.7M	10x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2217	−0.117%	$98K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2221	+0.045%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2220	+0.023%	$298K	$991K	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0240%	1h	0.2225	+0.225%	$508K	$2.1M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2220	−0.008%	$827K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2216	−0.176%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0311%	1h	0.2221	+0.028%	$1.1M	$4.7M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2220	−0.002%	$481K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0534%	1h	0.2223	+0.144%	$1.0M	$2.8M	20x	as long as short