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: KuCoin against Phemex+0.018%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$880.883% of the position
Funding, last 7 days+0.115%+$12 on $10k
+Price spread, last 4 days (all we have)−1.227%−$123 · spread now +0.018%, 7d avg +0.006%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ARBUSDT | 0.2199 | 0.0100 | pay 0.0100% / 8h | 4h 42m | $4.9M | $12.8M | 50x |
| Short | KuCoin ARBUSDTM | 0.2199 | 0.0100 | get 0.0100% / 8h | 4h 42m | $19.5M | $15.1M | 75x |
Phemex ARBUSDT
KuCoin ARBUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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: +0.018% → +0.006%
- $1.22
- Slippage, 4 orders
- −$64.3
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$87.08
- Costs to cover
- 0.883%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 6 min ago; KuCoin: live order book, 6 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, 6 min ago | 11.40 bp | 21.0 bp −$21 | 30.9 bp −$309 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 1.59 bp | 23.7 bp −$24 | 49.0 bp −$490 | 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 | 0.2193 | −0.273% | $40K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0168% | 1h | 0.2196 | −0.141% | $7K | $2K | 10x | as long as short |
| Polymarket Perps ARB-USD | −0.0141% | 1h | 0.2197 | −0.073% | $91K | $2.2M | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0135% | 8h | 0.2197 | −0.073% | $22.2M | $147.8M | 50x | as long as short |
| MEXC ARB_USDT | −0.0135% | 8h | 0.2198 | −0.045% | $40.6M | $59.6M | 200x | as long as short |
| Variational Omni ARB | −0.0116% | 8h | 0.2201 | +0.102% | $1.8M | $2.9M | — | as long as short |
| Gate ARB_USDT | −0.0102% | 8h | 0.2198 | −0.068% | $5.3M | $18.7M | 60x | as long as short |
| Orderly PERP_ARB_USDC | −0.0078% | 8h | 0.2199 | 0.000% | $12K | $389K | 10x | as long as short |
| Bybit ARBUSDT | −0.0044% | 8h | 0.2197 | −0.073% | $55.7M | $126.0M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0006% | 1h | 0.2199 | +0.006% | $1.1M | $4.4M | 50x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Polymarket Perps ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Variational Omni ARB
Gate ARB_USDT
Orderly PERP_ARB_USDC
Bybit ARBUSDT
Kraken Futures PF_ARBUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2199 | +0.009% | $65K | $5K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2198 | −0.023% | $24K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2199 | +0.019% | $32K | — | 150x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2196 | −0.123% | $351K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0010% | 8h | 0.2198 | −0.045% | $64.1M | $306.3M | 75x | as long as short |
| SoDEX ARB-USD | +0.0028% | 1h | 0.2198 | −0.041% | $10K | $2.3M | 5x | as long as short |
| BloFin ARB-USDT | +0.0041% | 8h | 0.2197 | −0.086% | $3.1M | $2.6M | 75x | as long as short |
| Bitget ARBUSDT | +0.0064% | 8h | 0.2198 | −0.045% | $20.9M | $34.6M | 50x | as long as short |
| BingX ARB-USDC | +0.0066% | 8h | 0.2199 | +0.014% | — | $6.5M | — | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2199 | +0.005% | $139K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2198 | −0.036% | $1.2M | $5.7M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2200 | +0.027% | $38.0M | $48.8M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2199 | +0.009% | $634K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2200 | +0.049% | $43K | $169K | 10x | as long as short |
| KuCoin ARBUSDTMshort | +0.0100% | 8h | 0.2199 | +0.018% | $19.5M | $15.1M | 75x | |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2199 | −0.001% | $40K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2201 | +0.090% | $469K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2200 | +0.045% | $120K | $284K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2201 | +0.091% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2198 | −0.041% | $298K | $952K | 50x | as long as short |
| Phemex ARBUSDTlong | +0.0100% | 8h | 0.2199 | long leg | $4.9M | $12.8M | 50x | |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2203 | +0.182% | $493K | $2.0M | 50x | as long as short |
| RISEx ARB/USDC | +0.0225% | 1h | 0.2198 | −0.034% | $476K | $2.6M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2199 | −0.003% | $820K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2197 | −0.105% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0629% | 1h | 0.2201 | +0.105% | $995K | $2.8M | 20x | as long as short |
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Binance ARBUSDT
SoDEX ARB-USD
BloFin ARB-USDT
Bitget ARBUSDT
BingX ARB-USDC
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
edgeX ARBUSDC
GRVT ARB_USDT_Perp
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