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: Aster against Phemex−0.097%52s7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as 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−$700.703% of the position
Funding, last 7 days+0.116%+$12 on $10k
+Price spread, last 3 days (all we have)−0.471%−$47 · spread now −0.097%, 7d avg −0.006%
=Together, before fees−0.355%+ Points / potential airdropAster: Stage 5 · farm board−$36 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: Aster is 0.091% cheaper against Phemex than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.006%. The two prices were read 52 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 | Phemex ARBUSDT | 0.2215 | 0.0100 | pay 0.0100% / 8h | 6h 48m | $5.1M | $13.0M | 50x |
| Short | Aster ARBUSDT | 0.2213 | 0.0100 | get 0.0100% / 8h | 6h 48m | $659K | $1.7M | 20x |
Phemex ARBUSDT
Aster ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phemex. 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: −0.097% → −0.006%
- −$9.07
- Slippage, 4 orders
- −$50.31
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$79.38
- Costs to cover
- 0.703%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 6 min ago; Aster: 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 Phemex live order book, 6 min ago | 9.07 bp | 23.3 bp −$23 | 37.6 bp −$376 | doesn't fit | doesn't fit |
| Sell Aster live order book, 5 min ago | 3.84 bp | 12.4 bp −$12 | 28.2 bp −$282 | 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 | −0.1692% | 1h | 0.2202 | −0.587% | $40K | $372K | 12x | as long as short |
| ApeX Omni ARBUSDT | −0.0820% | 1h | 0.2212 | −0.135% | $119K | $295K | 50x | as long as short |
| 01 Exchange ARBUSD | −0.0216% | 1h | 0.2211 | −0.163% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0189% | 8h | 0.2213 | −0.076% | $1.9M | $2.9M | — | as long as short |
| SoDEX ARB-USD | −0.0156% | 1h | 0.2212 | −0.144% | $10K | $2.5M | 5x | as long as short |
| OKX ARB-USDT-SWAP | −0.0103% | 8h | 0.2211 | −0.172% | $22.3M | $157.1M | 50x | as long as short |
| MEXC ARB_USDT | −0.0102% | 8h | 0.2211 | −0.190% | $37.2M | $58.9M | 200x | as long as short |
| Bybit ARBUSDT | −0.0072% | 8h | 0.2211 | −0.163% | $57.0M | $129.3M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0054% | 8h | 0.2212 | −0.135% | $12K | $385K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0021% | 1h | 0.2212 | −0.117% | $24K | $34K | 25x | as long as short |
Injective ARB/USDC PERP
ApeX Omni ARBUSDT
01 Exchange ARBUSD
Variational Omni ARB
SoDEX ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Bybit ARBUSDT
Orderly PERP_ARB_USDC
Deribit ARB_USDC-PERPETUALShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2215 | −0.020% | $66K | $5K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2212 | −0.116% | $31K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0006% | 8h | 0.2211 | −0.190% | $64.6M | $318.1M | 75x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2211 | −0.176% | $352K | $2.5M | 25x | as long as short |
| Gate ARB_USDT | +0.0022% | 8h | 0.2212 | −0.158% | $5.4M | $19.7M | 60x | as long as short |
| BloFin ARB-USDT | +0.0029% | 8h | 0.2212 | −0.158% | $3.1M | $2.9M | 75x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2213 | −0.105% | $140K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2214 | −0.045% | $1.2M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2213 | −0.108% | $38.2M | $50.4M | 10x | as long as short |
| Aster ARBUSDTshort | +0.0100% | 8h | 0.2213 | −0.097% | $659K | $1.7M | 20x | |
| Pacifica ARB | +0.0100% | 1h | 0.2215 | 0.000% | $42K | $189K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2212 | −0.153% | $19.6M | $15.9M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2211 | −0.181% | $21.1M | $36.5M | 50x | as long as short |
| BingX ARB-USDC | +0.0100% | 8h | 0.2212 | −0.144% | — | $6.5M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2208 | −0.326% | $40K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2209 | −0.287% | $479K | $3.6M | 10x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2213 | −0.086% | $76K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2211 | −0.181% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2212 | −0.122% | $295K | $1.0M | 50x | as long as short |
| Phemex ARBUSDTlong | +0.0100% | 8h | 0.2215 | long leg | $5.1M | $13.0M | 50x | |
| Coinbase International ARB-PERP-INTX | +0.0240% | 1h | 0.2218 | +0.131% | $507K | $2.2M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2212 | −0.136% | $825K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2210 | −0.245% | $2K | $695 | 20x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0312% | 1h | 0.2214 | −0.064% | $1.1M | $4.8M | 50x | as long as short |
| RISEx ARB/USDC | +0.0466% | 1h | 0.2214 | −0.045% | $500K | $2.6M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0499% | 1h | 0.2218 | +0.131% | $1.0M | $2.9M | 20x | as long as short |
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
Gate ARB_USDT
BloFin ARB-USDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Pacifica ARB
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDC
edgeX ARBUSDC
GRVT ARB_USDT_Perp
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Kraken Futures PF_ARBUSD
RISEx ARB/USDC
Backpack ARB_USDC_PERP