Funding you earn now, next payment 08:00 UTC+0.0083%/8h= +9.1% APRnext payment +$0.83 per $10,000 · paid last 24h +0.016%
Price spread now: Phemex against Gate−0.110%7-day average +0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$730.730% of the position
Funding, last 7 days+0.050%+$5 on $10k
+Price spread, last 4 days (all we have)+0.535%+$53 · spread now −0.110%, 7d avg +0.026%
=Funding pays, the price is against you. Phemex is 0.136% cheaper against Gate than usual: you would sell low and buy high (spread −0.110% now, against its 7-day average of +0.026%). If the spread goes back, that is −$14 on $10k: about 5.5 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.050% in total) that is about 19 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ARB_USDT | 0.2176 | 0.0017 | pay 0.0017% / 8h | 19m 20s | $5.3M | $18.4M | 60x |
| Short | Phemex ARBUSDT | 0.2174 | 0.0100 | get 0.0100% / 8h | 19m 20s | $4.8M | $12.7M | 50x |
Gate ARB_USDT
Phemex ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Gate. 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
- $17.43
- Price spread: −0.110% → +0.026%
- −$13.62
- Slippage, 4 orders
- −$46.01
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$69.21
- Costs to cover
- 0.730%
- Break-even
- 34.8 days
Slippage from Gate: live order book, 4 min ago; Phemex: live order book, 5 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 Gate live order book, 4 min ago | 2.30 bp | 18.7 bp −$19 | 28.4 bp −$284 | 83.2 bp −$8,323 | doesn't fit |
| Sell Phemex live order book, 5 min ago | 6.90 bp | 18.8 bp −$19 | 47.9 bp −$479 | 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 | −0.1612% | 1h | 0.2164 | −0.570% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0200% | 1h | 0.2175 | −0.046% | $7K | $236 | 10x | as long as short |
| MEXC ARB_USDT | −0.0083% | 8h | 0.2176 | −0.032% | $41.7M | $62.6M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0081% | 8h | 0.2177 | +0.018% | $21.7M | $144.3M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0044% | 8h | 0.2176 | −0.018% | $13K | $404K | 10x | as long as short |
| Polymarket Perps ARB-USD | −0.0009% | 1h | 0.2175 | −0.041% | $76K | $2.1M | 10x | as long as short |
| Extended ARB-USD | −0.0008% | 1h | 0.2177 | +0.006% | $347K | $3.1M | 25x | as long as short |
| Binance ARBUSDT | −0.0006% | 8h | 0.2177 | +0.041% | $62.4M | $301.2M | 75x | as long as short |
| SoDEX ARB-USD | −0.0003% | 1h | 0.2177 | +0.046% | $9K | $2.2M | 5x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2173 | −0.144% | $64K | $5K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Orderly PERP_ARB_USDC
Polymarket Perps ARB-USD
Extended ARB-USD
Binance ARBUSDT
SoDEX ARB-USD
dYdX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2178 | +0.083% | $28K | $38K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0007% | 1h | 0.2177 | +0.026% | $69K | — | 150x | as long as short |
| Variational Omni ARB | +0.0011% | 8h | 0.2172 | −0.217% | $1.8M | $3.0M | — | as long as short |
| Bybit ARBUSDT | +0.0017% | 8h | 0.2177 | +0.005% | $53.2M | $126.0M | 50x | as long as short |
| Gate ARB_USDTlong | +0.0017% | 8h | 0.2176 | long leg | $5.3M | $18.4M | 60x | |
| RISEx ARB/USDC | +0.0069% | 1h | 0.2174 | −0.098% | $500K | $2.7M | 10x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2178 | +0.058% | $138K | $7K | 3x | as long as short |
| BingX ARB-USDC | +0.0084% | 8h | 0.2175 | −0.078% | — | $6.5M | — | as long as short |
| Bitget ARBUSDT | +0.0085% | 8h | 0.2176 | −0.018% | $21.1M | $34.5M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0093% | 1h | 0.2179 | +0.097% | $1.1M | $4.3M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2177 | +0.037% | $1.3M | $5.5M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2177 | +0.018% | $36.7M | $49.5M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2177 | +0.009% | $623K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2173 | −0.141% | $42K | $147K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2174 | −0.124% | $19.3M | $14.0M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2175 | −0.075% | $38K | $464K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2174 | −0.122% | $467K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2177 | +0.028% | $118K | $278K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2178 | +0.074% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2178 | +0.083% | $291K | $840K | 50x | as long as short |
| Phemex ARBUSDTshort | +0.0100% | 8h | 0.2174 | −0.110% | $4.8M | $12.7M | 50x | |
| BloFin ARB-USDT | +0.0114% | 8h | 0.2178 | +0.069% | $3.0M | $2.3M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2173 | −0.160% | $820K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0288% | 1h | 0.2176 | −0.023% | $2K | $695 | 20x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0336% | 1h | 0.2177 | +0.041% | $511K | $1.5M | 50x | as long as short |
| Backpack ARB_USDC_PERP | +0.0486% | 1h | 0.2175 | −0.051% | $976K | $2.9M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Variational Omni ARB
Bybit ARBUSDT
RISEx ARB/USDC
Aevo ARB-PERP
BingX ARB-USDC
Bitget ARBUSDT
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
BloFin ARB-USDT
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Coinbase International ARB-PERP-INTX
Backpack ARB_USDC_PERP