Funding you earn now, next payment 21:00 UTC−0.0046%/8h= −5.0% APRnext payment −$0.06 per $10,000 · paid last 24h —
Price spread now: Deribit against Phoenix−0.115%50s7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Deribit is 0.115% cheaper against Phoenix than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ARB | 0.2176 | −0.0256 | get 0.0032% / 1h | 33m 22s | $1K | $3K | 15x |
| Short | Deribit ARB_USDC-PERPETUAL | 0.2174 | −0.0302 | pay 0.0038% / 1h | 33m 22s | $2K | $54K | 25x |
Phoenix ARB
Deribit ARB_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$9.67
- Price spread: −0.115% → 0.000%
- −$11.49
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$35.16
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Deribit: 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
Phoenix and Deribit: 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 | −0.1689% | 1h | 0.2164 | −0.561% | $39K | $217K | 12x | as long as short |
| Deribit ARB_USDC-PERPETUALshort | −0.0302% | 1h | 0.2174 | −0.115% | $2K | $54K | 25x | |
| Phoenix ARBlong | −0.0256% | 1h | 0.2176 | long leg | $1K | $3K | 15x | |
| OKX ARB-USDT-SWAP | −0.0107% | 8h | 0.2172 | −0.207% | $23.5M | $101.7M | 50x | as long as short |
| MEXC ARB_USDT | −0.0106% | 8h | 0.2172 | −0.193% | $50.5M | $43.2M | 200x | as long as short |
| 01 Exchange ARBUSD | −0.0088% | 1h | 0.2173 | −0.147% | $7K | $308 | 10x | as long as short |
| SoDEX ARB-USD | −0.0051% | 1h | 0.2173 | −0.156% | $9K | $855K | 5x | as long as short |
| Binance ARBUSDT | −0.0027% | 8h | 0.2172 | −0.179% | $64.3M | $180.9M | 75x | as long as short |
| Extended ARB-USD | −0.0024% | 1h | 0.2172 | −0.197% | $358K | $3.7M | 25x | as long as short |
| Gate ARB_USDT | −0.0009% | 8h | 0.2172 | −0.184% | $5.6M | $8.9M | 50x | as long as short |
Injective ARB/USDC PERP
OKX ARB-USDT-SWAP
MEXC ARB_USDT
01 Exchange ARBUSD
SoDEX ARB-USD
Binance ARBUSDT
Extended ARB-USD
Gate ARB_USDTShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ARB | −0.0008% | 8h | 0.2173 | −0.155% | $1.8M | $1.6M | — | as long as short |
| RISEx ARB/USDC | −0.0007% | 1h | 0.2173 | −0.127% | $467K | $2.0M | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2175 | −0.058% | $64K | $2K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0014% | 1h | 0.2174 | −0.103% | $29K | — | 150x | as long as short |
| Orderly PERP_ARB_USDC | +0.0006% | 8h | 0.2173 | −0.147% | $15K | $264K | 10x | as long as short |
| Bybit ARBUSDT | +0.0058% | 8h | 0.2171 | −0.225% | $50.8M | $82.3M | 50x | as long as short |
| Aevo ARB-PERP | +0.0072% | 1h | 0.2174 | −0.101% | $138K | $4K | 3x | as long as short |
| Bitget ARBUSDT | +0.0082% | 8h | 0.2172 | −0.193% | $21.1M | $22.0M | 50x | as long as short |
| BingX ARB-USDC | +0.0083% | 8h | 0.2173 | −0.147% | — | $6.5M | — | as long as short |
| BloFin ARB-USDT | +0.0092% | 8h | 0.2174 | −0.096% | $3.1M | $1.4M | 75x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2175 | −0.046% | $1.6M | $3.1M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2174 | −0.119% | $35.3M | $29.9M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2174 | −0.101% | $645K | $1.2M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2173 | −0.136% | $44K | $125K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2173 | −0.147% | $19.6M | $9.3M | 75x | as long as short |
| Backpack ARB_USDC_PERP | +0.0100% | 1h | 0.2175 | −0.064% | $568K | $1.3M | 20x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2174 | −0.122% | $37K | $505K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2174 | −0.101% | $477K | $3.3M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2175 | −0.055% | $118K | $265K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2173 | −0.152% | $46K | $1.7M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2175 | −0.055% | $1K | $854K | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2176 | −0.028% | $289K | $450K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2173 | −0.147% | $4.6M | $12.5M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0266% / S −0.0148% | 1h | 0.2174 | −0.118% | $839K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0282% | 1h | 0.2172 | −0.200% | $2K | $440 | 20x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0682% | 1h | 0.2175 | −0.072% | $1.3M | $3.6M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0704% | 1h | 0.2183 | +0.294% | $636K | $1.0M | 50x | as long as short |
Variational Omni ARB
RISEx ARB/USDC
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Orderly PERP_ARB_USDC
Bybit ARBUSDT
Aevo ARB-PERP
Bitget ARBUSDT
BingX ARB-USDC
BloFin ARB-USDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
Backpack ARB_USDC_PERP
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Kraken Futures PF_ARBUSD
Coinbase International ARB-PERP-INTX