Funding you earn now, next payment 00:00 UTC−0.0284%/8h= −31.1% APRnext payment −$2.84 per $10,000 · paid last 24h −0.006%
Price spread now: Variational Omni against Phemex+0.007%7-day average −0.017% · 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)−0.006%−$1 on $10k
+Price spread, last 3 days (all we have)−1.510%−$151 · spread now +0.007%, 7d avg −0.017%
=Together, before fees−1.516%+ Points / potential airdropVariational Omni: Active · farm board−$152 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.024% dearer against Phemex than usual: you sell high and buy low (spread +0.007% now, against its 7-day average of −0.017%): +$2 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 3 days (−0.006% in total) that is about 12 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.006% in total (about -0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.84 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ARBUSDT | 0.2232 | 0.0100 | pay 0.0100% / 8h | 2h 36m | $5.4M | $13.8M | 50x |
| Short | Variational Omni ARB | 0.2232 | −0.0184 | pay 0.0184% / 8h | 2h 36m | $1.9M | $2.8M | — |
Phemex ARBUSDT
Variational Omni ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$59.7
- Price spread: +0.007% → −0.017%
- $2.43
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$69.26
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 3 min ago; Variational Omni: RFQ quote, 3 min ago. 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, 3 min ago | 6.70 bp | 18.6 bp −$19 | 33.0 bp −$330 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 6.72 bp | doesn't fit | 20.2 bp −$202 | 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 | −0.1675% | 1h | 0.2227 | −0.224% | $40K | $107K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0312% | 1h | 0.2231 | −0.031% | $7K | $2K | 10x | as long as short |
| Bybit ARBUSDT | −0.0211% | 8h | 0.2233 | +0.031% | $56.5M | $136.3M | 50x | as long as short |
| Variational Omni ARBshort | −0.0184% | 8h | 0.2232 | +0.007% | $1.9M | $2.8M | — | |
| MEXC ARB_USDT | −0.0074% | 8h | 0.2233 | +0.031% | $37.5M | $63.4M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0073% | 8h | 0.2232 | +0.018% | $22.2M | $165.6M | 50x | as long as short |
| SoDEX ARB-USD | −0.0060% | 1h | 0.2233 | +0.027% | $4K | $2.9M | 5x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0053% | 1h | 0.2233 | +0.062% | $1.1M | $5.3M | 50x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0019% | 1h | 0.2233 | +0.063% | $37K | $18K | 25x | as long as short |
| Orderly PERP_ARB_USDC | −0.0012% | 8h | 0.2233 | +0.045% | $10K | $387K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Bybit ARBUSDT
MEXC ARB_USDT
OKX ARB-USDT-SWAP
SoDEX ARB-USD
Kraken Futures PF_ARBUSD
Deribit ARB_USDC-PERPETUAL
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ARB-USD | −0.0007% | 1h | 0.2231 | −0.031% | $77K | $2.3M | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2233 | +0.024% | $66K | $4K | 10x | as long as short |
| Gate ARB_USDT | +0.0004% | 8h | 0.2233 | +0.045% | $5.5M | $21.5M | 60x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2234 | +0.071% | $55K | — | 150x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2232 | −0.012% | $355K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0009% | 8h | 0.2233 | +0.036% | $63.5M | $326.3M | 75x | as long as short |
| BloFin ARB-USDT | +0.0031% | 8h | 0.2235 | +0.116% | $3.0M | $3.3M | 75x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2234 | +0.086% | $146K | $12K | 3x | as long as short |
| BingX ARB-USDC | +0.0083% | 8h | 0.2232 | −0.004% | — | $6.5M | — | as long as short |
| Bitget ARBUSDT | +0.0084% | 8h | 0.2232 | 0.000% | $20.9M | $38.8M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2234 | +0.094% | $1.3M | $7.7M | 15x | as long as short |
| ApeX Omni ARBUSDT | +0.0097% | 1h | 0.2230 | −0.090% | $121K | $297K | 50x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2234 | +0.085% | $40.0M | $53.1M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2233 | +0.040% | $695K | $1.8M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2232 | −0.012% | $46K | $205K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2233 | +0.031% | $20.6M | $17.1M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2233 | +0.031% | $38K | $449K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2231 | −0.056% | $478K | $4.1M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2233 | +0.045% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2231 | −0.058% | $274K | $1.2M | 50x | as long as short |
| Phemex ARBUSDTlong | +0.0100% | 8h | 0.2232 | long leg | $5.4M | $13.8M | 50x | |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0168% | 1h | 0.2234 | +0.073% | $818K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2234 | +0.090% | $506K | $2.5M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2231 | −0.061% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0545% | 1h | 0.2238 | +0.273% | $1.1M | $2.8M | 20x | as long as short |
| RISEx ARB/USDC | +0.0546% | 1h | 0.2233 | +0.033% | $491K | $2.9M | 10x | as long as short |
Polymarket Perps ARB-USD
dYdX ARB-USD
Gate ARB_USDT
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Binance ARBUSDT
BloFin ARB-USDT
Aevo ARB-PERP
BingX ARB-USDC
Bitget ARBUSDT
Lighter ARB
ApeX Omni ARBUSDT
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
SunX ARB-USDT
HTX ARB-USDT
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP
RISEx ARB/USDC