Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.04 per $10,000 · paid last 24h −0.005%
Price spread now: BingX against Phemex+0.140%51s7-day average −0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as 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−$370.371% of the position
Funding, last 7 days+0.058%+$6 on $10k
+Price spread, last 4 days (all we have)−1.041%−$104 · spread now +0.140%, 7d avg −0.046%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.186% dearer against Phemex than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.046%. The two prices were read 51 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 | 0.2210 | 0.0100 | pay 0.0100% / 8h | 1h 50m | $5.0M | $12.8M | 50x |
| Short | BingX ARB-USDT | 0.2213 | 0.0096 | get 0.0096% / 8h | 1h 50m | — | $53.6M | — |
Phemex ARBUSDT
BingX ARB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$0.84
- Price spread: +0.140% → −0.046%
- $18.64
- Slippage, 4 orders
- −$15.14
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$19.35
- Costs to cover
- 0.371%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; BingX: live order book, 3 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, 3 min ago | 4.53 bp | 14.1 bp −$14 | 31.4 bp −$314 | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 0.90 bp | 6.6 bp −$7 | 8.3 bp −$83 | 13.6 bp −$1,361 | 37.8 bp −$18.9K |
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 | −0.1592% | 1h | 0.2197 | −0.588% | $40K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0259% | 1h | 0.2213 | +0.154% | $67K | $2.1M | 10x | as long as short |
| SoDEX ARB-USD | −0.0090% | 1h | 0.2210 | +0.018% | $9K | $2.2M | 5x | as long as short |
| 01 Exchange ARBUSD | −0.0072% | 1h | 0.2215 | +0.231% | $7K | $236 | 10x | as long as short |
| MEXC ARB_USDT | −0.0072% | 8h | 0.2214 | +0.176% | $41.3M | $61.5M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0072% | 8h | 0.2214 | +0.176% | $22.1M | $146.8M | 50x | as long as short |
| Variational Omni ARB | −0.0070% | 8h | 0.2210 | −0.005% | $1.8M | $3.0M | — | as long as short |
| Orderly PERP_ARB_USDC | −0.0044% | 8h | 0.2211 | +0.045% | $13K | $405K | 10x | as long as short |
| Bybit ARBUSDT | −0.0026% | 8h | 0.2214 | +0.181% | $54.5M | $126.5M | 50x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2213 | +0.140% | $65K | $5K | 10x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
SoDEX ARB-USD
01 Exchange ARBUSD
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Variational Omni ARB
Orderly PERP_ARB_USDC
Bybit ARBUSDT
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 | 0.2211 | +0.054% | $28K | $38K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2213 | +0.156% | $44K | — | 150x | as long as short |
| RISEx ARB/USDC | +0.0056% | 1h | 0.2215 | +0.217% | $468K | $2.6M | 10x | as long as short |
| Bitget ARBUSDT | +0.0057% | 8h | 0.2213 | +0.136% | $21.3M | $34.9M | 50x | as long as short |
| Gate ARB_USDT | +0.0070% | 8h | 0.2213 | +0.140% | $5.4M | $18.3M | 60x | as long as short |
| Extended ARB-USD | +0.0088% | 1h | 0.2213 | +0.130% | $352K | $2.8M | 25x | as long as short |
| Binance ARBUSDT | +0.0091% | 8h | 0.2214 | +0.192% | $63.4M | $301.7M | 75x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2212 | +0.086% | $1.3M | $5.5M | 15x | as long as short |
| BingX ARB-USDTshort | +0.0096% | 8h | 0.2213 | +0.140% | — | $53.6M | — | |
| Hyperliquid ARB | +0.0100% | 1h | 0.2216 | +0.276% | $37.5M | $49.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2214 | +0.182% | $635K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2212 | +0.102% | $43K | $150K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2215 | +0.204% | $19.7M | $14.4M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2209 | −0.049% | $39K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2211 | +0.059% | $480K | $3.7M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2210 | 0.000% | $119K | $282K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2208 | −0.090% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2210 | −0.023% | $295K | $874K | 50x | as long as short |
| Phemex ARBUSDTlong | +0.0100% | 8h | 0.2210 | long leg | $5.0M | $12.8M | 50x | |
| Aevo ARB-PERP | +0.0104% | 1h | 0.2212 | +0.068% | $140K | $7K | 3x | as long as short |
| BloFin ARB-USDT | +0.0211% | 8h | 0.2210 | −0.005% | $3.1M | $2.3M | 75x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0230% | 1h | 0.2212 | +0.095% | $1.1M | $4.5M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2214 | +0.166% | $836K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2211 | +0.045% | $517K | $1.6M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2213 | +0.155% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0532% | 1h | 0.2215 | +0.222% | $993K | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
RISEx ARB/USDC
Bitget ARBUSDT
Gate ARB_USDT
Extended ARB-USD
Binance ARBUSDT
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
Aevo ARB-PERP
BloFin ARB-USDT
Kraken Futures PF_ARBUSD
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP