ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0398%/8h= −43.6% APRnext payment −$0.50 per $10,000 · paid last 24h −0.056%

Price spread now: Phoenix against 01 Exchange−0.695%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on Phoenix

What this pair did over the last

the charts below follow

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 against this trade now: funding costs −$12 a day on $10k at the current rate, and Phoenix is 0.695% cheaper against 01 Exchange than usual: you would sell low and buy high (−$70 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange ARBUSD	0.2186	−0.0040	get 0.0005% / 1h	11m 06s	$7K	$1K	10x
Short	Phoenix ARB	0.2171	−0.0438	pay 0.0055% / 1h	11m 06s	$1K	$178K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against 01 Exchange. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee 01 ExchangebpFee PhoenixbpOrdersPrice spread, now −0.695%Rate

Funding earned: −$83.55
Price spread: −0.695% → 0.000%: −$69.54
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$167.09
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Phoenix: live order book, 60 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 60 min ago	0.91 bp	13.6 bp −$14	46.6 bp −$466	doesn't fit	doesn't fit

01 Exchange: 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	−0.631%	$39K	$7K	12x	as long as short
Phoenix ARBshort	−0.0438%	1h	0.2171	−0.695%	$1K	$178K	15x
RISEx ARB/USDC	−0.0382%	1h	0.2184	−0.080%	$371K	$2.4M	10x	as long as short
SoDEX ARB-USD	−0.0352%	1h	0.2185	−0.059%	$9K	$2.6M	5x	as long as short
Polymarket Perps ARB-USD	−0.0252%	1h	0.2185	−0.050%	$39K	$6.4M	10x	as long as short
Orderly PERP_ARB_USDC	−0.0237%	8h	0.2184	−0.082%	$28K	$267K	10x	as long as short
MEXC ARB_USDT	−0.0179%	8h	0.2185	−0.055%	$45.7M	$77.8M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0179%	8h	0.2184	−0.082%	$21.0M	$203.6M	50x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0116%	1h	0.2185	−0.023%	$9K	$27K	25x	as long as short
Binance ARBUSDT	−0.0090%	8h	0.2185	−0.053%	$58.5M	$363.6M	75x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ARB-USD	−0.0088%	1h	0.2184	−0.065%	$352K	$1.9M	25x	as long as short
Bitget ARBUSDT	−0.0044%	8h	0.2185	−0.037%	$20.9M	$39.4M	50x	as long as short
01 Exchange ARBUSDlong	−0.0040%	1h	0.2186	long leg	$7K	$1K	10x
Gate ARB_USDT	−0.0023%	8h	0.2185	−0.027%	$5.7M	$18.4M	50x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2187	+0.041%	$64K	$833	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0003%	1h	0.2186	+0.027%	$16K	—	150x	as long as short
BloFin ARB-USDT	+0.0030%	8h	0.2186	−0.009%	$2.7M	$3.8M	75x	as long as short
Bybit ARBUSDT	+0.0038%	8h	0.2184	−0.091%	$43.6M	$149.0M	50x	as long as short
BingX ARB-USDT	+0.0042%	8h	0.2184	−0.073%	—	$30.6M	—	as long as short
Kraken Futures PF_ARBUSD	+0.0047%	1h	0.2186	−0.012%	$1.1M	$6.2M	50x	as long as short
Aevo ARB-PERP	+0.0056%	1h	0.2186	−0.010%	$137K	$15K	3x	as long as short
Variational Omni ARB	+0.0056%	8h	0.2180	−0.258%	$1.0M	$3.0M	—	as long as short
GRVT ARB_USDT_Perp	+0.0086%	8h	0.2184	−0.099%	$472K	$3.7M	10x	as long as short
Lighter ARB	+0.0096%	1h	0.2185	−0.055%	$1.2M	$5.6M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2185	−0.041%	$33.6M	$80.6M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2185	−0.037%	$646K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2185	−0.031%	$38K	$165K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2186	0.000%	$21.6M	$12.2M	75x	as long as short
Backpack ARB_USDC_PERP	+0.0100%	1h	0.2187	+0.032%	$420K	$2.6M	20x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2183	−0.140%	$40K	$603K	20x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2183	−0.128%	$118K	$475K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2187	+0.055%	$1K	$1.7M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2185	−0.027%	$322K	$1.3M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2184	−0.082%	$4.9M	$15.7M	50x	as long as short
Reya ARBRUSDPERP	+0.0261%	1h	0.2184	−0.060%	$2K	—	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0267% / S −0.0163%	1h	0.2186	+0.021%	$788K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0712%	1h	0.2211	+1.167%	$587K	$1.9M	50x	as long as short