Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: GRVT against Phemex+0.456%7-day average −0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$4as in the Price arb table
costs, in and out, $10k−$530.527% of the position
Funding, last 7 days+0.115%+$12 on $10k
+Price spread, last 4 days (all we have)−1.653%−$165 · spread now +0.456%, 7d avg −0.034%
=Together, before fees−1.538%+ Points / potential airdropGRVT: Active · farm board−$154 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.490% dearer against Phemex than usual: you sell high and buy low, +$49 on $10k if it goes back to its 7-day average of −0.034%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ARBUSDT | 0.2195 | 0.0100 | pay 0.0100% / 8h | 4h 50m | $4.9M | $12.9M | 50x |
| Short | GRVT ARB_USDT_Perp | 0.2205 | 0.0100 | get 0.0100% / 8h | 4h 50m | $470K | $3.6M | 10x |
Phemex ARBUSDT
GRVT ARB_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- $0
- Price spread: +0.456% → −0.034%
- $48.97
- Slippage, 4 orders
- −$31.75
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$3.78
- Costs to cover
- 0.527%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; GRVT: live order book, 3 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 | 4.53 bp | 13.9 bp −$14 | 24.5 bp −$245 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 3 min ago | 2.27 bp | 15.6 bp −$16 | doesn't fit | 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 | −0.1649% | 1h | 0.2183 | −0.547% | $39K | $372K | 12x | as long as short |
| MEXC ARB_USDT | −0.0139% | 8h | 0.2199 | +0.196% | $40.8M | $59.5M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0139% | 8h | 0.2195 | −0.005% | $22.2M | $147.7M | 50x | as long as short |
| 01 Exchange ARBUSD | −0.0128% | 1h | 0.2195 | −0.005% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0117% | 8h | 0.2192 | −0.120% | $1.8M | $2.9M | — | as long as short |
| Polymarket Perps ARB-USD | −0.0105% | 1h | 0.2195 | −0.014% | $70K | $2.2M | 10x | as long as short |
| Gate ARB_USDT | −0.0102% | 8h | 0.2199 | +0.191% | $5.3M | $18.6M | 60x | as long as short |
| Orderly PERP_ARB_USDC | −0.0078% | 8h | 0.2194 | −0.046% | $13K | $388K | 10x | as long as short |
| SoDEX ARB-USD | −0.0062% | 1h | 0.2194 | −0.050% | $10K | $2.3M | 5x | as long as short |
| Bybit ARBUSDT | −0.0046% | 8h | 0.2194 | −0.027% | $55.6M | $125.9M | 50x | as long as short |
Injective ARB/USDC PERP
MEXC ARB_USDT
OKX ARB-USDT-SWAP
01 Exchange ARBUSD
Variational Omni ARB
Polymarket Perps ARB-USD
Gate ARB_USDT
Orderly PERP_ARB_USDC
SoDEX ARB-USD
Bybit ARBUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ARBUSD | −0.0006% | 1h | 0.2195 | −0.004% | $1.1M | $4.4M | 50x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2197 | +0.083% | $65K | $5K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2195 | −0.014% | $24K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2195 | −0.014% | $32K | — | 150x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2198 | +0.149% | $349K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0010% | 8h | 0.2197 | +0.085% | $64.1M | $306.5M | 75x | as long as short |
| BloFin ARB-USDT | +0.0039% | 8h | 0.2195 | −0.018% | $3.1M | $2.6M | 75x | as long as short |
| Bitget ARBUSDT | +0.0066% | 8h | 0.2200 | +0.228% | $20.9M | $34.6M | 50x | as long as short |
| BingX ARB-USDC | +0.0070% | 8h | 0.2197 | +0.096% | — | $6.5M | — | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2195 | −0.005% | $139K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2195 | +0.014% | $1.2M | $5.7M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2200 | +0.241% | $38.0M | $48.6M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2197 | +0.091% | $635K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2195 | −0.005% | $43K | $169K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2199 | +0.169% | $19.5M | $15.1M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2204 | +0.414% | $40K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perpshort | +0.0100% | 8h | 0.2205 | +0.456% | $470K | $3.6M | 10x | |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2204 | +0.410% | $119K | $282K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2196 | +0.046% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2195 | +0.014% | $298K | $955K | 50x | as long as short |
| Phemex ARBUSDTlong | +0.0100% | 8h | 0.2195 | long leg | $4.9M | $12.9M | 50x | |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2197 | +0.091% | $492K | $2.0M | 50x | as long as short |
| RISEx ARB/USDC | +0.0225% | 1h | 0.2197 | +0.072% | $478K | $2.6M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2195 | −0.010% | $819K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2194 | −0.065% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0552% | 1h | 0.2198 | +0.132% | $992K | $2.8M | 20x | as long as short |
Kraken Futures PF_ARBUSD
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Binance ARBUSDT
BloFin ARB-USDT
Bitget ARBUSDT
BingX ARB-USDC
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Coinbase International ARB-PERP-INTX
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP