Funding you earn now, next payment 00:00 UTC+0.0291%/8h= +31.8% APRnext payment +$2.91 per $10,000 · paid last 24h +0.006%
Price spread now: Phemex against Variational Omni+0.160%7-day average +0.014% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.006%+$1 on $10k
+Price spread, last 3 days (all we have)+2.193%+$219 · spread now +0.160%, 7d avg +0.014%
=Together, before fees+2.199%+ Points / potential airdropVariational Omni: Active · farm board+$220 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Phemex is 0.146% dearer against Variational Omni than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.014%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.006% in total (about 0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.91 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ARB | 0.2209 | −0.0191 | get 0.0191% / 8h | 2h 48m | $1.9M | $2.8M | — |
| Short | Phemex ARBUSDT | 0.2213 | 0.0100 | get 0.0100% / 8h | 2h 48m | $5.3M | $13.8M | 50x |
Variational Omni ARB
Phemex ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Variational Omni. 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
- $61.06
- Price spread: +0.160% → +0.014%
- $14.61
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $63.67
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, just now; Phemex: live order book, 5 min ago. 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 Variational Omni RFQ quote, just now | 4.52 bp | doesn't fit | 22.6 bp −$226 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 4.52 bp | 14.4 bp −$14 | 31.2 bp −$312 | 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 | −0.1675% | 1h | 0.2199 | −0.473% | $40K | $107K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0416% | 1h | 0.2213 | +0.160% | $7K | $2K | 10x | as long as short |
| ApeX Omni ARBUSDT | −0.0271% | 1h | 0.2210 | +0.024% | $120K | $297K | 50x | as long as short |
| Bybit ARBUSDT | −0.0243% | 8h | 0.2213 | +0.138% | $57.5M | $134.8M | 50x | as long as short |
| Variational Omni ARBlong | −0.0191% | 8h | 0.2209 | long leg | $1.9M | $2.8M | — | |
| Deribit ARB_USDC-PERPETUAL | −0.0111% | 1h | 0.2214 | +0.214% | $36K | $18K | 25x | as long as short |
| MEXC ARB_USDT | −0.0059% | 8h | 0.2213 | +0.178% | $37.5M | $63.1M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0058% | 8h | 0.2213 | +0.147% | $22.1M | $164.0M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0054% | 1h | 0.2215 | +0.252% | $1.1M | $5.2M | 50x | as long as short |
| SoDEX ARB-USD | −0.0033% | 1h | 0.2213 | +0.151% | $4K | $2.9M | 5x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
ApeX Omni ARBUSDT
Bybit ARBUSDT
Deribit ARB_USDC-PERPETUAL
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Kraken Futures PF_ARBUSD
SoDEX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ARB-USD | −0.0008% | 1h | 0.2213 | +0.178% | $76K | $2.3M | 10x | as long as short |
| Orderly PERP_ARB_USDC | −0.0007% | 8h | 0.2214 | +0.205% | $10K | $383K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2214 | +0.205% | $65K | $4K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2212 | +0.137% | $351K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0003% | 8h | 0.2213 | +0.174% | $63.1M | $326.0M | 75x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2214 | +0.214% | $55K | — | 150x | as long as short |
| BloFin ARB-USDT | +0.0013% | 8h | 0.2212 | +0.101% | $3.0M | $3.3M | 75x | as long as short |
| Gate ARB_USDT | +0.0019% | 8h | 0.2213 | +0.165% | $5.5M | $21.5M | 60x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2215 | +0.228% | $145K | $12K | 3x | as long as short |
| BingX ARB-USDC | +0.0081% | 8h | 0.2212 | +0.115% | — | $6.5M | — | as long as short |
| Bitget ARBUSDT | +0.0083% | 8h | 0.2212 | +0.115% | $20.8M | $38.9M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2214 | +0.224% | $1.3M | $7.7M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2214 | +0.214% | $39.6M | $53.0M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2213 | +0.146% | $689K | $1.8M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2213 | +0.167% | $45K | $207K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2215 | +0.228% | $20.4M | $17.2M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2212 | +0.111% | $38K | $449K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2211 | +0.051% | $474K | $4.2M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2214 | +0.205% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2213 | +0.165% | $272K | $1.2M | 50x | as long as short |
| Phemex ARBUSDTshort | +0.0100% | 8h | 0.2213 | +0.160% | $5.3M | $13.8M | 50x | |
| GMX ARB/USD [ARB-USDC] | L +0.0275% / S −0.0168% | 1h | 0.2214 | +0.218% | $812K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2214 | +0.224% | $506K | $2.5M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2213 | +0.155% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0394% | 1h | 0.2216 | +0.310% | $1.1M | $2.8M | 20x | as long as short |
| RISEx ARB/USDC | +0.0546% | 1h | 0.2216 | +0.282% | $486K | $2.9M | 10x | as long as short |
Polymarket Perps ARB-USD
Orderly PERP_ARB_USDC
dYdX ARB-USD
Extended ARB-USD
Binance ARBUSDT
gTrade (Gains Network) ARB/USD
BloFin ARB-USDT
Gate ARB_USDT
Aevo ARB-PERP
BingX ARB-USDC
Bitget ARBUSDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
SunX ARB-USDT
HTX ARB-USDT
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP
RISEx ARB/USDC