Funding you earn now, next payment 22:00 UTC+0.0699%/8h= +76.5% APRnext payment +$0.87 per $10,000 · paid last 24h +0.105%
Price spread now: Reya against Phoenix+0.043%7-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
=Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Reya is 0.043% dearer against Phoenix than usual: you sell high and buy low: +$4 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 | 0.2185 | −0.0438 | get 0.0055% / 1h | 9m 09s | $1K | $178K | 15x |
| Short | Reya ARBRUSDPERP | 0.2186 | 0.0261 | get 0.0033% / 1h | 9m 09s | $2K | — | 20x |
Phoenix ARB
Reya ARBRUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya 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
- $146.7
- Price spread: +0.043% → 0.000%
- $4.34
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $138.04
- Costs to cover
- 0.130%
- Break-even
- 0.4 days
Slippage unknown: Phoenix: live order book, 62 min ago; Reya: 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, 62 min ago | 0.91 bp | 13.6 bp −$14 | 54.6 bp −$546 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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 | 0.2175 | −0.449% | $39K | $7K | 12x | as long as short |
| Phoenix ARBlong | −0.0438% | 1h | 0.2185 | long leg | $1K | $178K | 15x | |
| RISEx ARB/USDC | −0.0382% | 1h | 0.2186 | +0.039% | $372K | $2.5M | 10x | as long as short |
| SoDEX ARB-USD | −0.0344% | 1h | 0.2186 | +0.064% | $9K | $2.5M | 5x | as long as short |
| Polymarket Perps ARB-USD | −0.0249% | 1h | 0.2186 | +0.050% | $39K | $6.4M | 10x | as long as short |
| Orderly PERP_ARB_USDC | −0.0239% | 8h | 0.2186 | +0.055% | $28K | $266K | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0178% | 8h | 0.2186 | +0.060% | $21.0M | $203.6M | 50x | as long as short |
| MEXC ARB_USDT | −0.0177% | 8h | 0.2186 | +0.064% | $45.9M | $77.8M | 200x | as long as short |
| Binance ARBUSDT | −0.0090% | 8h | 0.2186 | +0.072% | $58.5M | $362.9M | 75x | as long as short |
| Extended ARB-USD | −0.0088% | 1h | 0.2186 | +0.050% | $352K | $1.9M | 25x | as long as short |
Injective ARB/USDC PERP
RISEx ARB/USDC
SoDEX ARB-USD
Polymarket Perps ARB-USD
Orderly PERP_ARB_USDC
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Binance ARBUSDT
Extended ARB-USDShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | −0.0070% | 1h | 0.2188 | +0.124% | $9K | $27K | 25x | as long as short |
| Bitget ARBUSDT | −0.0046% | 8h | 0.2186 | +0.055% | $20.9M | $39.3M | 50x | as long as short |
| 01 Exchange ARBUSD | −0.0032% | 1h | 0.2188 | +0.146% | $7K | $1K | 10x | as long as short |
| Gate ARB_USDT | −0.0026% | 8h | 0.2186 | +0.069% | $5.7M | $18.4M | 50x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2187 | +0.086% | $64K | $833 | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0003% | 1h | 0.2188 | +0.132% | $16K | — | 150x | as long as short |
| BloFin ARB-USDT | +0.0030% | 8h | 0.2185 | +0.027% | $2.7M | $3.8M | 75x | as long as short |
| Bybit ARBUSDT | +0.0037% | 8h | 0.2186 | +0.073% | $43.6M | $149.0M | 50x | as long as short |
| BingX ARB-USDC | +0.0042% | 8h | 0.2185 | 0.000% | — | $6.6M | — | as long as short |
| Kraken Futures PF_ARBUSD | +0.0047% | 1h | 0.2188 | +0.161% | $1.1M | $6.2M | 50x | as long as short |
| Aevo ARB-PERP | +0.0056% | 1h | 0.2187 | +0.108% | $137K | $15K | 3x | as long as short |
| Variational Omni ARB | +0.0056% | 8h | 0.2180 | −0.213% | $1.0M | $3.0M | — | as long as short |
| GRVT ARB_USDT_Perp | +0.0086% | 8h | 0.2184 | −0.053% | $472K | $3.7M | 10x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2187 | +0.082% | $1.2M | $5.6M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2187 | +0.087% | $33.6M | $79.9M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2186 | +0.039% | $646K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2185 | +0.028% | $37K | $158K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2187 | +0.110% | $19.1M | $12.1M | 75x | as long as short |
| Backpack ARB_USDC_PERP | +0.0100% | 1h | 0.2188 | +0.128% | $413K | $2.6M | 20x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2183 | −0.094% | $40K | $603K | 20x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2183 | −0.082% | $118K | $475K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2188 | +0.146% | $2K | $1.7M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2190 | +0.238% | $322K | $1.3M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2185 | +0.009% | $4.9M | $15.7M | 50x | as long as short |
| Reya ARBRUSDPERPshort | +0.0261% | 1h | 0.2186 | +0.043% | $2K | — | 20x | |
| GMX ARB/USD [ARB-USDC] | L +0.0267% / S −0.0163% | 1h | 0.2187 | +0.116% | $789K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0712% | 1h | 0.2211 | +1.213% | $587K | $1.9M | 50x | as long as short |
Deribit ARB_USDC-PERPETUAL
Bitget ARBUSDT
01 Exchange ARBUSD
Gate ARB_USDT
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
BloFin ARB-USDT
Bybit ARBUSDT
BingX ARB-USDC
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
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX