Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0388%/8h= −42.5% APRpaid last 24h −0.099%

Price spread now: 01 Exchange against Phemex+0.129%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. 01 Exchange is 0.129% dearer against Phemex than usual: you sell high and buy low (spread +0.129% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex ARBUSDT	0.2247	0.0100	pay 0.0100% / 8h	2h 29m	$5.3M	$13.8M	50x
Short	01 Exchange ARBUSD	0.2250	−0.0288	pay 0.0036% / 1h	29m 20s	$7K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee 01 ExchangebpOrdersPrice spread, now +0.129%Rate

Funding earned: −$81.48
Price spread: +0.129% → 0.000%: $12.91
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$87.57
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 5 min ago; 01 Exchange: 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, 5 min ago	6.70 bp	12.7 bp −$13	22.0 bp −$220	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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	−0.1675%	1h	0.2239	−0.356%	$40K	$197K	12x	as long as short
01 Exchange ARBUSDshort	−0.0288%	1h	0.2250	+0.129%	$7K	$2K	10x
Deribit ARB_USDC-PERPETUAL	−0.0194%	1h	0.2249	+0.089%	$38K	$20K	25x	as long as short
Bybit ARBUSDT	−0.0186%	8h	0.2248	+0.036%	$56.6M	$136.1M	50x	as long as short
Variational Omni ARB	−0.0172%	8h	0.2249	+0.096%	$1.9M	$2.8M	—	as long as short
OKX ARB-USDT-SWAP	−0.0086%	8h	0.2247	+0.013%	$22.4M	$166.1M	50x	as long as short
MEXC ARB_USDT	−0.0084%	8h	0.2247	+0.009%	$37.8M	$63.6M	200x	as long as short
SoDEX ARB-USD	−0.0078%	1h	0.2248	+0.027%	$4K	$2.9M	5x	as long as short
Kraken Futures PF_ARBUSD	−0.0053%	1h	0.2248	+0.066%	$1.1M	$5.2M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0013%	8h	0.2248	+0.045%	$10K	$387K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps ARB-USD	−0.0004%	1h	0.2248	+0.049%	$78K	$2.2M	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2248	+0.053%	$66K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2250	+0.111%	$59K	—	150x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2247	+0.018%	$358K	$2.4M	25x	as long as short
Binance ARBUSDT	+0.0011%	8h	0.2248	+0.040%	$63.9M	$325.3M	75x	as long as short
Gate ARB_USDT	+0.0012%	8h	0.2249	+0.089%	$5.5M	$21.6M	60x	as long as short
BloFin ARB-USDT	+0.0048%	8h	0.2250	+0.125%	$3.0M	$3.3M	75x	as long as short
Bitget ARBUSDT	+0.0085%	8h	0.2247	0.000%	$21.1M	$38.5M	50x	as long as short
BingX ARB-USDT	+0.0085%	8h	0.2248	+0.045%	—	$54.0M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2250	+0.136%	$147K	$12K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2249	+0.080%	$1.3M	$7.7M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2251	+0.169%	$40.3M	$53.2M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2249	+0.097%	$700K	$1.8M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2248	+0.049%	$47K	$200K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2250	+0.120%	$20.8M	$17.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2249	+0.076%	$36K	$453K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2249	+0.094%	$480K	$4.1M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2248	+0.045%	$122K	$297K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2248	+0.045%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2247	+0.018%	$276K	$1.2M	50x	as long as short
Phemex ARBUSDTlong	+0.0100%	8h	0.2247	long leg	$5.3M	$13.8M	50x
GMX ARB/USD [ARB-USDC]	L +0.0154% / S −0.0018%	1h	0.2249	+0.091%	$852K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2252	+0.240%	$502K	$2.5M	50x	as long as short
Reya ARBRUSDPERP	+0.0291%	1h	0.2247	+0.015%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0546%	1h	0.2251	+0.189%	$495K	$2.9M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0581%	1h	0.2251	+0.187%	$1.1M	$2.7M	20x	as long as short