Funding you earn now, next payment 00:00 UTC−0.0006%/8h= −0.7% APRnext payment −$0.06 per $10,000 · paid last 24h −0.014%
Price spread now: Phemex against BloFin+0.103%59s7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$470.472% of the position
Funding, last 7 days−0.151%−$15 on $10k
+Price spread, last 3 days (all we have)+0.131%+$13 · spread now +0.103%, 7d avg +0.002%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.101% dearer against BloFin than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.002%. The two prices were read 59 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 | BloFin ARB-USDT | 0.2229 | 0.0106 | pay 0.0106% / 8h | 1h 45m | $3.0M | $3.3M | 75x |
| Short | Phemex ARBUSDT | 0.2231 | 0.0100 | get 0.0100% / 8h | 1h 45m | $5.2M | $13.5M | 50x |
BloFin ARB-USDT
Phemex ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BloFin. 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
- −$1.33
- Price spread: +0.103% → +0.002%
- $10.12
- Slippage, 4 orders
- −$23.21
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$38.41
- Costs to cover
- 0.472%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 min ago; Phemex: live order book, 3 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 BloFin live order book, 2 min ago | 0.45 bp | 10.2 bp −$10 | 20.1 bp −$201 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 4.50 bp | 11.2 bp −$11 | 23.0 bp −$230 | 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 | −0.1770% | 1h | 0.2215 | −0.615% | $40K | $283K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0240% | 1h | 0.2228 | −0.013% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0154% | 8h | 0.2222 | −0.311% | $1.9M | $2.8M | — | as long as short |
| Bybit ARBUSDT | −0.0137% | 8h | 0.2233 | +0.215% | $57.4M | $135.9M | 50x | as long as short |
| MEXC ARB_USDT | −0.0106% | 8h | 0.2233 | +0.171% | $36.6M | $62.2M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0104% | 8h | 0.2235 | +0.274% | $22.2M | $163.6M | 50x | as long as short |
| SoDEX ARB-USD | −0.0084% | 1h | 0.2232 | +0.144% | $4K | $2.8M | 5x | as long as short |
| Polymarket Perps ARB-USD | −0.0074% | 1h | 0.2229 | +0.004% | $76K | $2.2M | 10x | as long as short |
| Orderly PERP_ARB_USDC | −0.0024% | 8h | 0.2230 | +0.058% | $10K | $393K | 10x | as long as short |
| Extended ARB-USD | −0.0016% | 1h | 0.2232 | +0.157% | $355K | $2.4M | 25x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Variational Omni ARB
Bybit ARBUSDT
MEXC ARB_USDT
OKX ARB-USDT-SWAP
SoDEX ARB-USD
Polymarket Perps ARB-USD
Orderly PERP_ARB_USDC
Extended ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDT | −0.0014% | 8h | 0.2234 | +0.233% | $63.7M | $322.8M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2229 | +0.027% | $66K | $4K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2233 | +0.175% | $26K | $32K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2232 | +0.130% | $55K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0019% | 8h | 0.2234 | +0.238% | $5.5M | $20.6M | 60x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2233 | +0.186% | $146K | $12K | 3x | as long as short |
| Bitget ARBUSDT | +0.0082% | 8h | 0.2233 | +0.193% | $20.9M | $38.0M | 50x | as long as short |
| BingX ARB-USDT | +0.0083% | 8h | 0.2233 | +0.215% | — | $53.6M | — | as long as short |
| Kraken Futures PF_ARBUSD | +0.0085% | 1h | 0.2235 | +0.266% | $1.1M | $5.2M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2233 | +0.215% | $1.3M | $7.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2235 | +0.269% | $39.9M | $52.2M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2233 | +0.185% | $694K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2230 | +0.042% | $44K | $197K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2234 | +0.233% | $20.6M | $16.9M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2223 | −0.267% | $36K | $459K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2223 | −0.249% | $478K | $4.0M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2222 | −0.301% | $120K | $294K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2233 | +0.193% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2232 | +0.148% | $275K | $1.2M | 50x | as long as short |
| Phemex ARBUSDTshort | +0.0100% | 8h | 0.2231 | +0.103% | $5.2M | $13.5M | 50x | |
| BloFin ARB-USDTlong | +0.0106% | 8h | 0.2229 | long leg | $3.0M | $3.3M | 75x | |
| Coinbase International ARB-PERP-INTX | +0.0264% | 1h | 0.2236 | +0.328% | $507K | $2.5M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0274% / S −0.0157% | 1h | 0.2231 | +0.112% | $834K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2229 | −0.005% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0363% | 1h | 0.2231 | +0.099% | $492K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0586% | 1h | 0.2236 | +0.332% | $1.1M | $2.7M | 20x | as long as short |
Binance ARBUSDT
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Aevo ARB-PERP
Bitget ARBUSDT
BingX ARB-USDT
Kraken Futures PF_ARBUSD
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP