Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.032%
Price spread now: Polymarket Perps against Phemex+0.027%7-day average −0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$410.415% of the position
Funding, last 7 days−0.400%−$40 on $10k
+Price spread, last 3 days (all we have)−0.531%−$53 · spread now +0.027%, 7d avg −0.045%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.073% dearer against Phemex than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.045%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ARBUSDT | 0.2212 | 0.0100 | pay 0.0100% / 8h | 6h 27m | $5.0M | $13.0M | 50x |
| Short | Polymarket Perps ARB-USD | 0.2213 | 0.0100 | get 0.0013% / 1h | 27m 16s | $76K | $2.1M | 10x |
Phemex ARBUSDT
Polymarket Perps ARB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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: +0.027% → −0.045%
- $7.26
- Slippage, 4 orders
- −$21.46
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$34.2
- Costs to cover
- 0.415%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 min ago; Polymarket Perps: live order book, 1 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 | 4.52 bp | 14.6 bp −$15 | 34.7 bp −$347 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 1 min ago | 2.26 bp | 6.3 bp −$6 | 8.5 bp −$85 | doesn't fit | 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 | 0.2203 | −0.407% | $40K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0248% | 1h | 0.2212 | 0.000% | $7K | $2K | 10x | as long as short |
| SoDEX ARB-USD | −0.0224% | 1h | 0.2212 | 0.000% | $10K | $2.5M | 5x | as long as short |
| Variational Omni ARB | −0.0172% | 8h | 0.2211 | −0.049% | $1.9M | $2.9M | — | as long as short |
| OKX ARB-USDT-SWAP | −0.0117% | 8h | 0.2213 | +0.036% | $22.3M | $156.7M | 50x | as long as short |
| MEXC ARB_USDT | −0.0114% | 8h | 0.2212 | −0.014% | $40.0M | $59.7M | 200x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0112% | 1h | 0.2212 | +0.009% | $24K | $34K | 25x | as long as short |
| Gate ARB_USDT | −0.0073% | 8h | 0.2212 | +0.009% | $5.4M | $19.8M | 60x | as long as short |
| Bybit ARBUSDT | −0.0072% | 8h | 0.2213 | +0.045% | $56.7M | $129.0M | 50x | as long as short |
| ApeX Omni ARBUSDT | −0.0069% | 1h | 0.2211 | −0.045% | $119K | $293K | 50x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
SoDEX ARB-USD
Variational Omni ARB
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Deribit ARB_USDC-PERPETUAL
Gate ARB_USDT
Bybit ARBUSDT
ApeX Omni ARBUSDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ARB_USDC | −0.0060% | 8h | 0.2212 | 0.000% | $13K | $382K | 10x | as long as short |
| Binance ARBUSDT | −0.0002% | 8h | 0.2212 | +0.017% | $64.5M | $318.2M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2214 | +0.105% | $66K | $5K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2211 | −0.037% | $353K | $2.5M | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0011% | 1h | 0.2213 | +0.051% | $10K | — | 150x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2213 | +0.045% | $140K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2212 | −0.014% | $1.2M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2213 | +0.045% | $38.4M | $51.7M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2212 | +0.005% | $659K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2215 | +0.127% | $42K | $186K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2213 | +0.045% | $19.6M | $15.8M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2211 | −0.045% | $21.2M | $36.3M | 50x | as long as short |
| BingX ARB-USDT | +0.0100% | 8h | 0.2212 | −0.005% | — | $54.5M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2211 | −0.066% | $40K | $460K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2212 | +0.012% | $471K | $3.7M | 10x | as long as short |
| Polymarket Perps ARB-USDshort | +0.0100% | 1h | 0.2213 | +0.027% | $76K | $2.1M | 10x | |
| SunX ARB-USDT | +0.0100% | 8h | 0.2211 | −0.045% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2212 | +0.005% | $297K | $1.0M | 50x | as long as short |
| Phemex ARBUSDTlong | +0.0100% | 8h | 0.2212 | long leg | $5.0M | $13.0M | 50x | |
| Coinbase International ARB-PERP-INTX | +0.0240% | 1h | 0.2215 | +0.136% | $507K | $2.1M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2213 | +0.040% | $826K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2211 | −0.033% | $2K | $695 | 20x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0312% | 1h | 0.2213 | +0.051% | $1.1M | $4.7M | 50x | as long as short |
| RISEx ARB/USDC | +0.0466% | 1h | 0.2214 | +0.077% | $473K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0520% | 1h | 0.2216 | +0.163% | $998K | $2.9M | 20x | as long as short |
Orderly PERP_ARB_USDC
Binance ARBUSDT
dYdX ARB-USD
Extended ARB-USD
gTrade (Gains Network) ARB/USD
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDT
edgeX ARBUSDC
GRVT ARB_USDT_Perp
SunX ARB-USDT
HTX ARB-USDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Kraken Futures PF_ARBUSD
RISEx ARB/USDC
Backpack ARB_USDC_PERP