Funding you earn now, next payment 20:00 UTC+0.0210%/8h= +23.0% APRnext payment +$0.26 per $10,000 · paid last 24h —
Price spread now: ApeX Omni against Phoenix+0.283%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 hours (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and ApeX Omni is 0.283% dearer against Phoenix than usual: you sell high and buy low: +$28 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ARB | 0.2188 | −0.0110 | get 0.0014% / 1h | 20m 22s | $1K | $2K | 15x |
| Short | ApeX Omni ARBUSDT | 0.2194 | 0.0100 | get 0.0013% / 1h | 20m 22s | $119K | $287K | 50x |
Phoenix ARB
ApeX Omni ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Phoenix. 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
- $44.09
- Price spread: +0.283% → 0.000%
- $28.34
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- $55.43
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: Phoenix: no order-book sample; ApeX Omni: live order book, 40 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell ApeX Omni live order book, 40 min ago | 18.36 bp | 40.6 bp −$41 | 145.7 bp −$1,457 | doesn't fit | doesn't fit |
Phoenix: 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 37 exchanges
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 | −0.1652% | 1h | 0.2181 | −0.311% | $39K | $393K | 12x | as long as short |
| Phoenix ARBlong | −0.0110% | 1h | 0.2188 | long leg | $1K | $2K | 15x | |
| MEXC ARB_USDT | −0.0099% | 8h | 0.2186 | −0.087% | $52.0M | $44.7M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0098% | 8h | 0.2186 | −0.087% | $23.6M | $104.6M | 50x | as long as short |
| 01 Exchange ARBUSD | −0.0056% | 1h | 0.2187 | −0.032% | $7K | $308 | 10x | as long as short |
| Variational Omni ARB | −0.0045% | 8h | 0.2190 | +0.122% | $1.8M | $1.6M | — | as long as short |
| SoDEX ARB-USD | −0.0041% | 1h | 0.2185 | −0.110% | $9K | $885K | 5x | as long as short |
| Binance ARBUSDT | −0.0033% | 8h | 0.2186 | −0.104% | $65.5M | $182.5M | 75x | as long as short |
| Extended ARB-USD | −0.0032% | 1h | 0.2185 | −0.110% | $360K | $2.8M | 25x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2186 | −0.100% | $64K | $2K | 10x | as long as short |
Injective ARB/USDC PERP
MEXC ARB_USDT
OKX ARB-USDT-SWAP
01 Exchange ARBUSD
Variational Omni ARB
SoDEX ARB-USD
Binance ARBUSDT
Extended ARB-USD
dYdX ARB-USDShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2186 | −0.069% | $864 | $52K | 25x | as long as short |
| Orderly PERP_ARB_USDC | +0.0004% | 8h | 0.2187 | −0.037% | $15K | $270K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0014% | 1h | 0.2188 | +0.008% | $29K | — | 150x | as long as short |
| RISEx ARB/USDC | +0.0007% | 1h | 0.2187 | −0.044% | $462K | $2.0M | 10x | as long as short |
| Gate ARB_USDT | +0.0014% | 8h | 0.2187 | −0.059% | $5.6M | $9.1M | 50x | as long as short |
| Bybit ARBUSDT | +0.0038% | 8h | 0.2186 | −0.091% | $51.8M | $85.1M | 50x | as long as short |
| Bitget ARBUSDT | +0.0043% | 8h | 0.2186 | −0.082% | $21.3M | $22.5M | 50x | as long as short |
| BingX ARB-USDC | +0.0043% | 8h | 0.2186 | −0.078% | — | $6.5M | — | as long as short |
| Aevo ARB-PERP | +0.0072% | 1h | 0.2187 | −0.026% | $139K | $4K | 3x | as long as short |
| Phemex ARBUSDT | +0.0079% | 8h | 0.2187 | −0.037% | $4.7M | $12.5M | 50x | as long as short |
| BloFin ARB-USDT | +0.0087% | 8h | 0.2188 | +0.014% | $3.1M | $1.5M | 75x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2188 | −0.009% | $1.6M | $3.2M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2189 | +0.041% | $35.7M | $30.8M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2187 | −0.045% | $648K | $1.2M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2185 | −0.124% | $45K | $140K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2186 | −0.064% | $19.8M | $9.4M | 75x | as long as short |
| Backpack ARB_USDC_PERP | +0.0100% | 1h | 0.2185 | −0.128% | $582K | $1.3M | 20x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2189 | +0.048% | $37K | $505K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2189 | +0.034% | $476K | $3.3M | 10x | as long as short |
| ApeX Omni ARBUSDTshort | +0.0100% | 1h | 0.2194 | +0.283% | $119K | $287K | 50x | |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2187 | −0.018% | $46K | $1.7M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2189 | +0.055% | $1K | $850K | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2187 | −0.055% | $290K | $453K | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0269% / S −0.0152% | 1h | 0.2188 | −0.010% | $855K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0282% | 1h | 0.2186 | −0.065% | $2K | $440 | 20x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0378% | 1h | 0.2189 | +0.075% | $1.4M | $3.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0664% | 1h | 0.2199 | +0.507% | $641K | $1.1M | 50x | as long as short |
Deribit ARB_USDC-PERPETUAL
Orderly PERP_ARB_USDC
gTrade (Gains Network) ARB/USD
RISEx ARB/USDC
Gate ARB_USDT
Bybit ARBUSDT
Bitget ARBUSDT
BingX ARB-USDC
Aevo ARB-PERP
Phemex ARBUSDT
BloFin ARB-USDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
Backpack ARB_USDC_PERP
edgeX ARBUSDC
GRVT ARB_USDT_Perp
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Kraken Futures PF_ARBUSD
Coinbase International ARB-PERP-INTX