Funding you earn now, next payment 22:00 UTC+0.0438%/8h= +47.9% APRnext payment +$0.55 per $10,000 · paid last 24h +0.024%
Price spread now: dYdX against Phoenix+0.662%46s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 1 day (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 +$13 a day on $10k at the current rate, and dYdX is 0.662% dearer against Phoenix than usual: you sell high and buy low: +$66 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 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 | 0.2171 | −0.0438 | get 0.0055% / 1h | 9m 51s | $1K | $178K | 15x |
| Short | dYdX ARB-USD | 0.2185 | 0 | get 0.0000% / 1h | 9m 51s | $64K | $833 | 10x |
Phoenix ARB
dYdX ARB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- $91.95
- Price spread: +0.662% → 0.000%
- $66.2
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- $141.15
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: Phoenix: live order book, 61 min ago; dYdX: 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 live order book, 61 min ago | 0.91 bp | 13.6 bp −$14 | 54.6 bp −$546 | doesn't fit | doesn't fit |
| Sell dYdX no order-book sample | — | — | — | — | — |
dYdX: 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 | −0.1783% | 1h | 0.2172 | +0.064% | $39K | $7K | 12x | as long as short |
| Phoenix ARBlong | −0.0438% | 1h | 0.2171 | long leg | $1K | $178K | 15x | |
| RISEx ARB/USDC | −0.0382% | 1h | 0.2184 | +0.624% | $377K | $2.4M | 10x | as long as short |
| SoDEX ARB-USD | −0.0351% | 1h | 0.2184 | +0.636% | $9K | $2.6M | 5x | as long as short |
| Polymarket Perps ARB-USD | −0.0252% | 1h | 0.2184 | +0.613% | $39K | $6.4M | 10x | as long as short |
| Orderly PERP_ARB_USDC | −0.0238% | 8h | 0.2183 | +0.571% | $28K | $266K | 10x | as long as short |
| MEXC ARB_USDT | −0.0178% | 8h | 0.2186 | +0.700% | $45.7M | $77.8M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0177% | 8h | 0.2186 | +0.719% | $21.0M | $203.7M | 50x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0162% | 1h | 0.2185 | +0.686% | $9K | $27K | 25x | as long as short |
| Binance ARBUSDT | −0.0090% | 8h | 0.2186 | +0.723% | $58.5M | $363.3M | 75x | as long as short |
Injective ARB/USDC PERP
RISEx ARB/USDC
SoDEX ARB-USD
Polymarket Perps ARB-USD
Orderly PERP_ARB_USDC
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Deribit ARB_USDC-PERPETUAL
Binance ARBUSDTShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended ARB-USD | −0.0088% | 1h | 0.2185 | +0.652% | $352K | $1.9M | 25x | as long as short |
| Bitget ARBUSDT | −0.0045% | 8h | 0.2185 | +0.663% | $20.9M | $39.4M | 50x | as long as short |
| 01 Exchange ARBUSD | −0.0032% | 1h | 0.2186 | +0.714% | $7K | $1K | 10x | as long as short |
| Gate ARB_USDT | −0.0024% | 8h | 0.2186 | +0.714% | $5.7M | $18.4M | 50x | as long as short |
| dYdX ARB-USDshort | 0.0000% | 1h | 0.2185 | +0.662% | $64K | $833 | 10x | |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0003% | 1h | 0.2186 | +0.695% | $16K | — | 150x | as long as short |
| BloFin ARB-USDT | +0.0030% | 8h | 0.2186 | +0.691% | $2.7M | $3.8M | 75x | as long as short |
| Bybit ARBUSDT | +0.0038% | 8h | 0.2186 | +0.728% | $43.6M | $149.0M | 50x | as long as short |
| BingX ARB-USDT | +0.0042% | 8h | 0.2186 | +0.723% | — | $30.6M | — | as long as short |
| Kraken Futures PF_ARBUSD | +0.0047% | 1h | 0.2186 | +0.693% | $1.1M | $6.2M | 50x | as long as short |
| Aevo ARB-PERP | +0.0056% | 1h | 0.2185 | +0.669% | $137K | $15K | 3x | as long as short |
| Variational Omni ARB | +0.0056% | 8h | 0.2180 | +0.440% | $1.0M | $3.0M | — | as long as short |
| GRVT ARB_USDT_Perp | +0.0086% | 8h | 0.2184 | +0.601% | $472K | $3.7M | 10x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2185 | +0.654% | $1.2M | $5.6M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2187 | +0.733% | $33.6M | $79.9M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2185 | +0.678% | $646K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2184 | +0.602% | $38K | $165K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2186 | +0.723% | $21.6M | $12.1M | 75x | as long as short |
| Backpack ARB_USDC_PERP | +0.0100% | 1h | 0.2186 | +0.723% | $419K | $2.6M | 20x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2183 | +0.560% | $40K | $603K | 20x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2183 | +0.571% | $118K | $475K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2186 | +0.709% | $2K | $1.7M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2186 | +0.728% | $322K | $1.3M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2185 | +0.663% | $4.9M | $15.7M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0261% | 1h | 0.2183 | +0.594% | $2K | — | 20x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0267% / S −0.0163% | 1h | 0.2185 | +0.685% | $788K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0712% | 1h | 0.2211 | +1.875% | $587K | $1.9M | 50x | as long as short |
Extended ARB-USD
Bitget ARBUSDT
01 Exchange ARBUSD
Gate ARB_USDT
gTrade (Gains Network) ARB/USD
BloFin ARB-USDT
Bybit ARBUSDT
BingX ARB-USDT
Kraken Futures PF_ARBUSD
Aevo ARB-PERP
Variational Omni ARB
GRVT ARB_USDT_Perp
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
Backpack ARB_USDC_PERP
edgeX ARBUSDC
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Reya ARBRUSDPERP
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX