Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against KuCoin−0.096%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$710.713% of the position
Funding, last 7 days−0.115%−$12 on $10k
+Price spread, last 4 days (all we have)+0.749%+$75 · spread now −0.096%, 7d avg −0.010%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.087% cheaper against KuCoin than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ARBUSDTM | 0.2183 | 0.0100 | pay 0.0100% / 8h | 2h 24m | $19.5M | $14.4M | 75x |
| Short | Phemex ARBUSDT | 0.2181 | 0.0100 | get 0.0100% / 8h | 2h 24m | $4.9M | $12.7M | 50x |
KuCoin ARBUSDTM
Phemex ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against KuCoin. 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
- $0
- Price spread: −0.096% → −0.010%
- −$8.67
- Slippage, 4 orders
- −$47.28
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$79.95
- Costs to cover
- 0.713%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 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 KuCoin live order book, 5 min ago | 1.15 bp | 18.0 bp −$18 | 36.9 bp −$369 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 6.90 bp | 19.8 bp −$20 | 38.7 bp −$387 | 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 | −0.1581% | 1h | 0.2167 | −0.737% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0176% | 1h | 0.2182 | −0.060% | $7K | $236 | 10x | as long as short |
| Polymarket Perps ARB-USD | −0.0102% | 1h | 0.2181 | −0.082% | $78K | $2.1M | 10x | as long as short |
| Variational Omni ARB | −0.0096% | 8h | 0.2174 | −0.399% | $1.8M | $3.0M | — | as long as short |
| Kraken Futures PF_ARBUSD | −0.0074% | 1h | 0.2185 | +0.069% | $1.0M | $4.4M | 50x | as long as short |
| Bybit ARBUSDT | −0.0074% | 8h | 0.2181 | −0.092% | $54.6M | $124.2M | 50x | as long as short |
| MEXC ARB_USDT | −0.0064% | 8h | 0.2182 | −0.032% | $41.6M | $61.4M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0063% | 8h | 0.2183 | −0.014% | $21.6M | $143.0M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0050% | 8h | 0.2182 | −0.050% | $12K | $409K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2180 | −0.127% | $65K | $5K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Polymarket Perps ARB-USD
Variational Omni ARB
Kraken Futures PF_ARBUSD
Bybit ARBUSDT
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Orderly PERP_ARB_USDC
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 | 0.2184 | +0.046% | $23K | $33K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2182 | −0.068% | $44K | — | 150x | as long as short |
| Bitget ARBUSDT | +0.0054% | 8h | 0.2182 | −0.050% | $20.9M | $34.2M | 50x | as long as short |
| Gate ARB_USDT | +0.0073% | 8h | 0.2182 | −0.037% | $5.4M | $18.2M | 60x | as long as short |
| BingX ARB-USDT | +0.0081% | 8h | 0.2182 | −0.050% | — | $53.8M | — | as long as short |
| Binance ARBUSDT | +0.0084% | 8h | 0.2182 | −0.044% | $62.4M | $300.2M | 75x | as long as short |
| RISEx ARB/USDC | +0.0086% | 1h | 0.2181 | −0.104% | $441K | $2.6M | 10x | as long as short |
| Extended ARB-USD | +0.0088% | 1h | 0.2182 | −0.038% | $348K | $2.8M | 25x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2183 | −0.023% | $1.2M | $5.5M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2183 | +0.014% | $36.5M | $48.6M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2182 | −0.038% | $628K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2179 | −0.169% | $42K | $160K | 10x | as long as short |
| KuCoin ARBUSDTMlong | +0.0100% | 8h | 0.2183 | long leg | $19.5M | $14.4M | 75x | |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2172 | −0.523% | $38K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2177 | −0.279% | $463K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2171 | −0.554% | $117K | $282K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2184 | +0.041% | $2K | $1.1M | 30x | as long as short |
| SoDEX ARB-USD | +0.0100% | 1h | 0.2184 | +0.027% | $9K | $2.2M | 5x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2183 | −0.023% | $291K | $890K | 50x | as long as short |
| Phemex ARBUSDTshort | +0.0100% | 8h | 0.2181 | −0.096% | $4.9M | $12.7M | 50x | |
| Aevo ARB-PERP | +0.0104% | 1h | 0.2183 | +0.008% | $138K | $7K | 3x | as long as short |
| BloFin ARB-USDT | +0.0204% | 8h | 0.2181 | −0.078% | $3.0M | $2.4M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0277% / S −0.0159% | 1h | 0.2182 | −0.066% | $826K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2187 | +0.179% | $506K | $1.6M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2181 | −0.112% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0692% | 1h | 0.2186 | +0.133% | $980K | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Bitget ARBUSDT
Gate ARB_USDT
BingX ARB-USDT
Binance ARBUSDT
RISEx ARB/USDC
Extended ARB-USD
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
SoDEX ARB-USD
HTX ARB-USDT
Aevo ARB-PERP
BloFin ARB-USDT
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP