Funding you earn now, next payment 22:00 UTC+0.0091%/8h= +10.0% APRnext payment +$0.11 per $10,000 · paid last 24h +0.035%
Price spread now: SoDEX against Phoenix−0.092%50s7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$380.383% of the position
Funding, last 1 day (all we have)+0.037%+$4 on $10k
+Price spread, last 1 day (all we have)−0.016%−$2 · spread now −0.092%, 7d avg −0.043%
=Funding pays, the price is against you. SoDEX is 0.049% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.092% now, against its 7-day average of −0.043%). If the spread goes back, that is −$5 on $10k: about 43 hours of funding at the current rate (+$3 a day). 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 | 0.2184 | −0.0438 | get 0.0055% / 1h | 7m 23s | $1K | $178K | 15x |
| Short | SoDEX ARB-USD | 0.2182 | −0.0347 | pay 0.0043% / 1h | 7m 23s | $9K | $2.5M | 5x |
Phoenix ARB
SoDEX ARB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- $19.12
- Price spread: −0.092% → −0.043%
- −$4.85
- Slippage, 4 orders
- −$23.3
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$24.03
- Costs to cover
- 0.383%
- Break-even
- 15.8 days
Slippage from Phoenix: live order book, 64 min ago; SoDEX: live order book, 5 min ago.
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, 64 min ago | 0.91 bp | 13.6 bp −$14 | 54.6 bp −$546 | doesn't fit | doesn't fit |
| Sell SoDEX live order book, 5 min ago | 0.23 bp | 5.7 bp −$6 | 20.2 bp −$202 | doesn't fit | doesn't fit |
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 | −0.408% | $39K | $7K | 12x | as long as short |
| Phoenix ARBlong | −0.0438% | 1h | 0.2184 | long leg | $1K | $178K | 15x | |
| RISEx ARB/USDC | −0.0382% | 1h | 0.2183 | −0.040% | $377K | $2.5M | 10x | as long as short |
| SoDEX ARB-USDshort | −0.0347% | 1h | 0.2182 | −0.092% | $9K | $2.5M | 5x | |
| Polymarket Perps ARB-USD | −0.0246% | 1h | 0.2183 | −0.046% | $37K | $6.4M | 10x | as long as short |
| Orderly PERP_ARB_USDC | −0.0240% | 8h | 0.2183 | −0.041% | $28K | $266K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0208% | 1h | 0.2183 | −0.050% | $9K | $27K | 25x | as long as short |
| OKX ARB-USDT-SWAP | −0.0181% | 8h | 0.2183 | −0.041% | $21.0M | $203.0M | 50x | as long as short |
| MEXC ARB_USDT | −0.0180% | 8h | 0.2183 | −0.037% | $45.8M | $77.8M | 200x | as long as short |
| Binance ARBUSDT | −0.0090% | 8h | 0.2182 | −0.076% | $58.4M | $362.4M | 75x | as long as short |
Injective ARB/USDC PERP
RISEx ARB/USDC
Polymarket Perps ARB-USD
Orderly PERP_ARB_USDC
Deribit ARB_USDC-PERPETUAL
OKX ARB-USDT-SWAP
MEXC ARB_USDT
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 | 0.2183 | −0.061% | $352K | $1.9M | 25x | as long as short |
| Bitget ARBUSDT | −0.0047% | 8h | 0.2183 | −0.041% | $20.8M | $39.3M | 50x | as long as short |
| 01 Exchange ARBUSD | −0.0032% | 1h | 0.2184 | +0.023% | $7K | $1K | 10x | as long as short |
| Gate ARB_USDT | −0.0027% | 8h | 0.2182 | −0.078% | $5.7M | $18.4M | 50x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2183 | −0.027% | $64K | $833 | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0003% | 1h | 0.2183 | −0.020% | $16K | — | 150x | as long as short |
| BloFin ARB-USDT | +0.0030% | 8h | 0.2185 | +0.069% | $2.7M | $3.8M | 75x | as long as short |
| Bybit ARBUSDT | +0.0035% | 8h | 0.2181 | −0.119% | $43.5M | $148.7M | 50x | as long as short |
| BingX ARB-USDT | +0.0037% | 8h | 0.2182 | −0.092% | — | $30.6M | — | as long as short |
| Kraken Futures PF_ARBUSD | +0.0047% | 1h | 0.2185 | +0.036% | $1.1M | $6.2M | 50x | as long as short |
| Variational Omni ARB | +0.0049% | 8h | 0.2186 | +0.079% | $1.0M | $3.0M | — | as long as short |
| Aevo ARB-PERP | +0.0056% | 1h | 0.2183 | −0.038% | $137K | $15K | 3x | as long as short |
| GRVT ARB_USDT_Perp | +0.0088% | 8h | 0.2185 | +0.049% | $472K | $3.7M | 10x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2183 | −0.050% | $1.2M | $5.6M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2183 | −0.041% | $33.6M | $79.9M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2182 | −0.074% | $641K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2183 | −0.049% | $37K | $158K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2183 | −0.032% | $19.1M | $12.1M | 75x | as long as short |
| Backpack ARB_USDC_PERP | +0.0100% | 1h | 0.2183 | −0.027% | $412K | $2.6M | 20x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2186 | +0.076% | $42K | $612K | 20x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2186 | +0.096% | $118K | $476K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2188 | +0.188% | $2K | $1.7M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2188 | +0.211% | $322K | $1.3M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2182 | −0.087% | $4.9M | $15.7M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0261% | 1h | 0.2182 | −0.078% | $2K | — | 20x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0267% / S −0.0163% | 1h | 0.2183 | −0.031% | $788K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0712% | 1h | 0.2211 | +1.255% | $587K | $1.9M | 50x | as long as short |
Extended ARB-USD
Bitget ARBUSDT
01 Exchange ARBUSD
Gate ARB_USDT
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
BloFin ARB-USDT
Bybit ARBUSDT
BingX ARB-USDT
Kraken Futures PF_ARBUSD
Variational Omni ARB
Aevo ARB-PERP
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