ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.48 per $10,000 · paid last 24h −0.005%

Price spread now: Bitget against Phemex0.000%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$570.569% of the position

Long on Phemex Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)−0.738%−$74 · spread now 0.000%, 7d avg −0.036%

Together, before fees−0.723%−$72 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.036% dearer against Phemex than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.036%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex ARBUSDT	0.2176	0.0100	pay 0.0100% / 8h	2h 33m	$4.9M	$12.7M	50x
Short	Bitget ARBUSDT	0.2176	0.0052	get 0.0052% / 8h	2h 33m	$20.8M	$34.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Phemex. 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 PhemexbpFee BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$10.08
Price spread: 0.000% → −0.036%: $3.59
Slippage, 4 orders: −$32.87
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$63.35
Costs to cover: 0.569%
Break-even: never at this rate

Slippage from Phemex: live order book, 6 min ago; Bitget: live order book, 1 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	9.19 bp	15.8 bp −$16	31.8 bp −$318	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	2.30 bp	8.3 bp −$8	17.0 bp −$170	115.7 bp −$11.6K	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	0.2166	−0.460%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0176%	1h	0.2176	+0.014%	$7K	$236	10x	as long as short
Polymarket Perps ARB-USD	−0.0117%	1h	0.2175	−0.046%	$77K	$2.1M	10x	as long as short
Variational Omni ARB	−0.0097%	8h	0.2186	+0.451%	$1.8M	$3.0M	—	as long as short
MEXC ARB_USDT	−0.0081%	8h	0.2177	+0.041%	$41.6M	$61.2M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0079%	8h	0.2176	0.000%	$21.5M	$142.3M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0075%	1h	0.2178	+0.072%	$1.0M	$4.4M	50x	as long as short
Bybit ARBUSDT	−0.0072%	8h	0.2176	−0.009%	$54.1M	$124.0M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0054%	8h	0.2176	0.000%	$13K	$408K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2176	+0.003%	$64K	$5K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2177	+0.051%	$23K	$33K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2176	+0.021%	$43K	—	150x	as long as short
Bitget ARBUSDTshort	+0.0052%	8h	0.2176	0.000%	$20.8M	$34.3M	50x
Gate ARB_USDT	+0.0058%	8h	0.2176	+0.005%	$5.4M	$18.2M	60x	as long as short
BingX ARB-USDT	+0.0072%	8h	0.2176	−0.014%	—	$53.8M	—	as long as short
Binance ARBUSDT	+0.0080%	8h	0.2176	+0.018%	$62.3M	$300.4M	75x	as long as short
Extended ARB-USD	+0.0080%	1h	0.2175	−0.033%	$348K	$2.8M	25x	as long as short
RISEx ARB/USDC	+0.0086%	1h	0.2178	+0.087%	$436K	$2.6M	10x	as long as short
Lighter ARB	+0.0096%	1h	0.2176	+0.014%	$1.2M	$5.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2177	+0.064%	$36.5M	$48.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2177	+0.036%	$627K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2177	+0.025%	$42K	$160K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2177	+0.055%	$19.4M	$14.4M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2192	+0.720%	$39K	$464K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2184	+0.368%	$472K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2193	+0.781%	$118K	$282K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2181	+0.230%	$1K	$1.1M	30x	as long as short
SoDEX ARB-USD	+0.0100%	1h	0.2177	+0.032%	$9K	$2.2M	5x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2175	−0.037%	$290K	$894K	50x	as long as short
Phemex ARBUSDTlong	+0.0100%	8h	0.2176	long leg	$4.9M	$12.7M	50x
Aevo ARB-PERP	+0.0104%	1h	0.2178	+0.094%	$138K	$7K	3x	as long as short
BloFin ARB-USDT	+0.0200%	8h	0.2177	+0.064%	$3.0M	$2.4M	75x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0277% / S −0.0159%	1h	0.2176	+0.005%	$824K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2196	+0.915%	$506K	$1.6M	50x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2175	−0.031%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0683%	1h	0.2180	+0.165%	$977K	$2.8M	20x	as long as short