Funding you earn now, next payment 05:00 UTC+0.0189%/8h= +20.7% APRpaid last 24h +0.057%
Price spread now: Reya against Phemex+0.011%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ARBUSDT | 0.2177 | 0.0100 | pay 0.0100% / 8h | 3h 01m | $4.9M | $12.8M | 50x |
| Short | Reya ARBRUSDPERP | 0.2177 | 0.0289 | get 0.0036% / 1h | 1m 54s | $2K | $695 | 20x |
Phemex ARBUSDT
Reya ARBRUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya 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
- $39.69
- Price spread: +0.011% → 0.000%
- $1.14
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $22.82
- Costs to cover
- 0.180%
- Break-even
- 3.0 days
Slippage unknown: Phemex: live order book, 2 min ago; Reya: 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, 2 min ago | 13.78 bp | 23.9 bp −$24 | 38.7 bp −$387 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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 | −0.1589% | 1h | 0.2172 | −0.230% | $39K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0191% | 1h | 0.2177 | 0.000% | $71K | $2.1M | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0097% | 8h | 0.2176 | −0.028% | $21.7M | $141.8M | 50x | as long as short |
| MEXC ARB_USDT | −0.0096% | 8h | 0.2176 | −0.041% | $41.0M | $61.1M | 200x | as long as short |
| Variational Omni ARB | −0.0090% | 8h | 0.2173 | −0.162% | $1.7M | $3.0M | — | as long as short |
| Orderly PERP_ARB_USDC | −0.0063% | 8h | 0.2177 | 0.000% | $12K | $408K | 10x | as long as short |
| Bybit ARBUSDT | −0.0057% | 8h | 0.2175 | −0.073% | $54.4M | $123.6M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0051% | 1h | 0.2178 | +0.047% | $1.0M | $4.4M | 50x | as long as short |
| 01 Exchange ARBUSD | −0.0040% | 1h | 0.2175 | −0.092% | $7K | $1K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2176 | −0.066% | $64K | $5K | 10x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Variational Omni ARB
Orderly PERP_ARB_USDC
Bybit ARBUSDT
Kraken Futures PF_ARBUSD
01 Exchange ARBUSD
dYdX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2177 | +0.018% | $24K | $31K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2178 | +0.024% | $44K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0006% | 8h | 0.2177 | 0.000% | $5.3M | $18.3M | 60x | as long as short |
| Bitget ARBUSDT | +0.0049% | 8h | 0.2175 | −0.092% | $20.7M | $34.1M | 50x | as long as short |
| Extended ARB-USD | +0.0064% | 1h | 0.2175 | −0.080% | $351K | $2.7M | 25x | as long as short |
| BingX ARB-USDT | +0.0064% | 8h | 0.2176 | −0.037% | — | $53.7M | — | as long as short |
| Binance ARBUSDT | +0.0067% | 8h | 0.2177 | −0.018% | $62.6M | $300.4M | 75x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2176 | −0.028% | $1.2M | $5.5M | 15x | as long as short |
| Aevo ARB-PERP | +0.0096% | 1h | 0.2177 | +0.023% | $138K | $7K | 3x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2177 | −0.009% | $36.8M | $48.8M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2177 | +0.001% | $627K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2176 | −0.051% | $42K | $160K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2177 | +0.009% | $19.4M | $14.5M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2176 | −0.053% | $38K | $464K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2176 | −0.046% | $472K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2171 | −0.276% | $117K | $283K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2179 | +0.092% | $2K | $1.1M | 30x | as long as short |
| SoDEX ARB-USD | +0.0100% | 1h | 0.2177 | −0.023% | $10K | $2.2M | 5x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2177 | 0.000% | $294K | $880K | 50x | as long as short |
| Phemex ARBUSDTlong | +0.0100% | 8h | 0.2177 | long leg | $4.9M | $12.8M | 50x | |
| RISEx ARB/USDC | +0.0118% | 1h | 0.2176 | −0.062% | $438K | $2.6M | 10x | as long as short |
| BloFin ARB-USDT | +0.0187% | 8h | 0.2176 | −0.028% | $3.1M | $2.5M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0256% | 1h | 0.2180 | +0.138% | $499K | $1.6M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0277% / S −0.0160% | 1h | 0.2177 | −0.012% | $826K | — | 150x | as long as short |
| Reya ARBRUSDPERPshort | +0.0289% | 1h | 0.2177 | +0.011% | $2K | $695 | 20x | |
| Backpack ARB_USDC_PERP | +0.0578% | 1h | 0.2179 | +0.110% | $978K | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Bitget ARBUSDT
Extended ARB-USD
BingX ARB-USDT
Binance ARBUSDT
Lighter ARB
Aevo ARB-PERP
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
SoDEX ARB-USD
HTX ARB-USDT
RISEx ARB/USDC
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Backpack ARB_USDC_PERP