Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against SunX−0.181%7-day average −0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs−$213as in the Funding arb table
Net, price: spread back to 7d avg − costs−$212as in the Price arb table
costs, in and out, $10k−$2012.011% of the position
Funding, last 7 days−0.115%−$12 on $10k
+Price spread, last 4 days (all we have)+0.181%+$18 · spread now −0.181%, 7d avg −0.076%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.105% cheaper against SunX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.076%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX ARB-USDT | 0.2207 | 0.0100 | pay 0.0100% / 8h | 4h 27m | $2K | $1.1M | 30x |
| Short | Phemex ARBUSDT | 0.2203 | 0.0100 | get 0.0100% / 8h | 4h 27m | $4.9M | $13.0M | 50x |
SunX ARB-USDT
Phemex ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against SunX. 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
- $0
- Price spread: −0.181% → −0.076%
- −$10.55
- Slippage, 4 orders
- −$181.07
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$211.62
- Costs to cover
- 2.011%
- Break-even
- never at this rate
Slippage from SunX: live order book, 5 min ago; Phemex: live order book, 1 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 SunX live order book, 5 min ago | 31.77 bp | 61.5 bp −$62 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 6.80 bp | 19.6 bp −$20 | 30.2 bp −$302 | doesn't fit | doesn't fit |
ARB on 36 venues
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 | −0.1649% | 1h | 0.2206 | −0.045% | $40K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0168% | 1h | 0.2208 | +0.050% | $7K | $2K | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0133% | 8h | 0.2208 | +0.054% | $22.2M | $149.1M | 50x | as long as short |
| MEXC ARB_USDT | −0.0132% | 8h | 0.2209 | +0.072% | $42.1M | $60.7M | 200x | as long as short |
| Polymarket Perps ARB-USD | −0.0130% | 1h | 0.2204 | −0.136% | $91K | $2.2M | 10x | as long as short |
| Variational Omni ARB | −0.0107% | 8h | 0.2202 | −0.215% | $1.8M | $2.9M | — | as long as short |
| Orderly PERP_ARB_USDC | −0.0074% | 8h | 0.2204 | −0.136% | $12K | $395K | 10x | as long as short |
| Gate ARB_USDT | −0.0064% | 8h | 0.2209 | +0.086% | $5.3M | $18.8M | 60x | as long as short |
| Bybit ARBUSDT | −0.0023% | 8h | 0.2208 | +0.045% | $55.7M | $126.9M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0006% | 1h | 0.2205 | −0.100% | $1.1M | $4.4M | 50x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Polymarket Perps ARB-USD
Variational Omni ARB
Orderly PERP_ARB_USDC
Gate ARB_USDT
Bybit ARBUSDT
Kraken Futures PF_ARBUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2208 | +0.027% | $65K | $5K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2204 | −0.122% | $24K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2205 | −0.069% | $32K | — | 150x | as long as short |
| Extended ARB-USD | +0.0016% | 1h | 0.2208 | +0.025% | $352K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0017% | 8h | 0.2208 | +0.055% | $64.2M | $307.8M | 75x | as long as short |
| BloFin ARB-USDT | +0.0059% | 8h | 0.2211 | +0.177% | $3.1M | $2.6M | 75x | as long as short |
| Bitget ARBUSDT | +0.0066% | 8h | 0.2207 | 0.000% | $21.0M | $34.9M | 50x | as long as short |
| BingX ARB-USDT | +0.0066% | 8h | 0.2208 | +0.032% | — | $53.9M | — | as long as short |
| SoDEX ARB-USD | +0.0072% | 1h | 0.2204 | −0.131% | $10K | $2.3M | 5x | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2205 | −0.091% | $140K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2207 | −0.018% | $1.2M | $5.7M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2208 | +0.063% | $37.9M | $48.9M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2207 | −0.014% | $635K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2207 | +0.018% | $43K | $169K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2208 | +0.027% | $19.6M | $15.0M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2203 | −0.193% | $40K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2204 | −0.136% | $477K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2195 | −0.544% | $118K | $284K | 50x | as long as short |
| SunX ARB-USDTlong | +0.0100% | 8h | 0.2207 | long leg | $2K | $1.1M | 30x | |
| HTX ARB-USDT | +0.0100% | 8h | 0.2205 | −0.113% | $299K | $952K | 50x | as long as short |
| Phemex ARBUSDTshort | +0.0100% | 8h | 0.2203 | −0.181% | $4.9M | $13.0M | 50x | |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2213 | +0.272% | $494K | $2.0M | 50x | as long as short |
| RISEx ARB/USDC | +0.0225% | 1h | 0.2209 | +0.079% | $463K | $2.6M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0159% | 1h | 0.2205 | −0.087% | $831K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2205 | −0.091% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0635% | 1h | 0.2207 | +0.014% | $994K | $2.8M | 20x | as long as short |
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Binance ARBUSDT
BloFin ARB-USDT
Bitget ARBUSDT
BingX ARB-USDT
SoDEX ARB-USD
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
HTX ARB-USDT
Coinbase International ARB-PERP-INTX
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP