Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Phemex against edgeX−0.107%78s7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$96as 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−$840.841% of the position

Long on edgeX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$12 on $10k

Price spread, last 4 days (all we have)+2.908%+$291 · spread now −0.107%, 7d avg +0.003%

Together, before fees+2.792%+ Points / potential airdropedgeX: Active · farm board+$279 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.110% cheaper against edgeX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.003%. The two prices were read 78 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	edgeX ARBUSDC	0.2198	0.0100	pay 0.0050% / 4h	3h 41m	$40K	$468K	20x
Short	Phemex ARBUSDT	0.2196	0.0100	get 0.0100% / 8h	7h 41m	$4.8M	$12.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against edgeX. 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 edgeXbpFee PhemexbpOrdersPrice spread, now −0.107%Rate

Funding earned: $0
Price spread: −0.107% → +0.003%: −$11.05
Slippage, 4 orders: −$63.09
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$95.14
Costs to cover: 0.841%
Break-even: never at this rate

Slippage from edgeX: live order book, 57 min ago; Phemex: live order book, 2 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 edgeX live order book, 57 min ago	11.46 bp	20.4 bp −$20	96.0 bp −$960	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	6.82 bp	19.8 bp −$20	31.7 bp −$317	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	−0.1605%	1h	0.2190	−0.380%	$40K	$372K	12x	as long as short
Gate ARB_USDT	−0.0300%	8h	0.2193	−0.266%	$5.4M	$18.1M	60x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0296%	1h	0.2195	−0.148%	$28K	$38K	25x	as long as short
SoDEX ARB-USD	−0.0177%	1h	0.2195	−0.171%	$9K	$2.3M	5x	as long as short
Kraken Futures PF_ARBUSD	−0.0168%	1h	0.2195	−0.135%	$1.1M	$4.3M	50x	as long as short
Bybit ARBUSDT	−0.0106%	8h	0.2193	−0.257%	$53.4M	$126.0M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0076%	8h	0.2192	−0.271%	$22.2M	$145.9M	50x	as long as short
MEXC ARB_USDT	−0.0073%	8h	0.2192	−0.294%	$42.9M	$62.8M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0040%	8h	0.2195	−0.153%	$16K	$414K	10x	as long as short
01 Exchange ARBUSD	−0.0040%	1h	0.2197	−0.075%	$7K	$236	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2199	+0.013%	$65K	$5K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2196	−0.094%	$72K	—	150x	as long as short
Binance ARBUSDT	+0.0014%	8h	0.2193	−0.266%	$63.3M	$299.4M	75x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2191	−0.326%	$365K	$3.1M	25x	as long as short
Variational Omni ARB	+0.0031%	8h	0.2198	−0.026%	$1.8M	$3.0M	—	as long as short
BloFin ARB-USDT	+0.0049%	8h	0.2197	−0.084%	$3.0M	$2.3M	75x	as long as short
Bitget ARBUSDT	+0.0074%	8h	0.2192	−0.289%	$21.0M	$34.7M	50x	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2196	−0.101%	$139K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2195	−0.139%	$1.3M	$5.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2195	−0.148%	$37.2M	$50.2M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2195	−0.150%	$628K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2198	−0.028%	$43K	$146K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2194	−0.212%	$19.5M	$13.8M	75x	as long as short
BingX ARB-USDC	+0.0100%	8h	0.2197	−0.075%	—	$6.5M	—	as long as short
edgeX ARBUSDClong	+0.0100%	4h	0.2198	long leg	$40K	$468K	20x
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2200	+0.087%	$468K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2199	+0.029%	$119K	$267K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2198	−0.030%	$74K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2197	−0.062%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2198	−0.030%	$295K	$836K	50x	as long as short
Phemex ARBUSDTshort	+0.0100%	8h	0.2196	−0.107%	$4.8M	$12.8M	50x
RISEx ARB/USDC	+0.0123%	1h	0.2197	−0.044%	$528K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0233%	1h	0.2196	−0.125%	$980K	$2.8M	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0159%	1h	0.2196	−0.086%	$830K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2194	−0.178%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0336%	1h	0.2206	+0.343%	$528K	$1.6M	50x	as long as short