Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0049%/8h= −5.3% APRpaid last 24h 0.000%

Price spread now: Phemex against Pacifica−0.057%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$580.578% of the position

Long on Pacifica Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.112%−$11 on $10k

Price spread, last 4 days (all we have)+1.251%+$125 · spread now −0.057%, 7d avg +0.006%

Together, before fees+1.139%+ Points / potential airdropPacifica: Active · farm board+$114 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phemex is 0.063% cheaper against Pacifica than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.006%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica ARB	0.2190	0.0100	pay 0.0013% / 1h	57m 11s	$42K	$143K	10x
Short	Phemex ARBUSDT	0.2189	0.0051	get 0.0051% / 8h	5h 57m	$4.7M	$12.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Pacifica. 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 PacificabpFee PhemexbpOrdersPrice spread, now −0.057%Rate

Funding earned: −$10.23
Price spread: −0.057% → +0.006%: −$6.27
Slippage, 4 orders: −$37.85
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$74.35
Costs to cover: 0.578%
Break-even: never at this rate

Slippage from Pacifica: live order book, 53 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 Pacifica live order book, 53 min ago	7.09 bp	19.0 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	6.86 bp	13.7 bp −$14	26.6 bp −$266	doesn't fit	doesn't fit

ARB on 36 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	−0.1736%	1h	0.2182	−0.376%	$39K	$372K	12x	as long as short
SoDEX ARB-USD	−0.0237%	1h	0.2189	−0.066%	$9K	$2.2M	5x	as long as short
Kraken Futures PF_ARBUSD	−0.0230%	1h	0.2190	−0.020%	$1.1M	$4.2M	50x	as long as short
Bybit ARBUSDT	−0.0184%	8h	0.2188	−0.093%	$53.8M	$122.4M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0142%	8h	0.2188	−0.093%	$22.8M	$143.1M	50x	as long as short
MEXC ARB_USDT	−0.0141%	8h	0.2189	−0.075%	$44.2M	$61.0M	200x	as long as short
01 Exchange ARBUSD	−0.0120%	1h	0.2189	−0.052%	$7K	$414	10x	as long as short
Binance ARBUSDT	−0.0034%	8h	0.2189	−0.052%	$64.0M	$289.6M	75x	as long as short
Extended ARB-USD	−0.0032%	1h	0.2188	−0.118%	$359K	$3.0M	25x	as long as short
Variational Omni ARB	−0.0025%	8h	0.2186	−0.183%	$1.8M	$2.7M	—	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUAL	−0.0024%	1h	0.2190	−0.016%	$29K	$36K	25x	as long as short
Orderly PERP_ARB_USDC	−0.0021%	8h	0.2189	−0.057%	$16K	$412K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2189	−0.034%	$64K	$3K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2190	−0.013%	$73K	—	150x	as long as short
Gate ARB_USDT	+0.0036%	8h	0.2189	−0.043%	$5.5M	$16.3M	60x	as long as short
Phemex ARBUSDTshort	+0.0051%	8h	0.2189	−0.057%	$4.7M	$12.6M	50x
Polymarket Perps ARB-USD	+0.0067%	1h	0.2188	−0.079%	$73K	$1.9M	10x	as long as short
Aevo ARB-PERP	+0.0072%	1h	0.2190	+0.008%	$139K	$7K	3x	as long as short
BloFin ARB-USDT	+0.0086%	8h	0.2189	−0.038%	$3.0M	$2.1M	75x	as long as short
Lighter ARB	+0.0096%	1h	0.2190	+0.003%	$1.3M	$5.3M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2191	+0.053%	$35.7M	$50.0M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2190	−0.029%	$626K	$1.6M	20x	as long as short
Pacifica ARBlong	+0.0100%	1h	0.2190	long leg	$42K	$143K	10x
KuCoin ARBUSDTM	+0.0100%	8h	0.2190	−0.034%	$19.0M	$13.4M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2189	−0.057%	$21.0M	$33.6M	50x	as long as short
BingX ARB-USDC	+0.0100%	8h	0.2188	−0.089%	—	$6.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2187	−0.169%	$40K	$468K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2189	−0.056%	$467K	$3.4M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2190	−0.011%	$118K	$311K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2192	+0.080%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2189	−0.075%	$296K	$816K	50x	as long as short
Backpack ARB_USDC_PERP	+0.0167%	1h	0.2191	+0.035%	$976K	$2.7M	20x	as long as short
RISEx ARB/USDC	+0.0271%	1h	0.2189	−0.061%	$527K	$2.4M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0279% / S −0.0162%	1h	0.2190	+0.007%	$837K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2188	−0.109%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0424%	1h	0.2196	+0.245%	$524K	$1.4M	50x	as long as short