Funding you earn now, next payment 00:00 UTC+0.0132%/8h= +14.5% APRpaid last 24h +0.078%
Price spread now: Coinbase International against Phemex+0.297%7-day average +0.143% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$850.846% of the position
Funding, last 7 days+0.353%+$35 on $10k
+Price spread, last 3 days (all we have)−0.192%−$19 · spread now +0.297%, 7d avg +0.143%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.154% dearer against Phemex than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.143%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ARBUSDT | 0.2254 | 0.0100 | pay 0.0100% / 8h | 7h 03m | $5.2M | $13.0M | 50x |
| Short | Coinbase International ARB-PERP-INTX | 0.2261 | 0.0232 | get 0.0029% / 1h | 3m 18s | $514K | $2.3M | 50x |
Phemex ARBUSDT
Coinbase International ARB-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $27.72
- Price spread: +0.297% → +0.143%
- $15.4
- Slippage, 4 orders
- −$62.57
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$41.44
- Costs to cover
- 0.846%
- Break-even
- 17.5 days
Slippage from Phemex: live order book, 6 min ago; Coinbase International: live order book, just now.
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 | 6.61 bp | 19.7 bp −$20 | 28.3 bp −$283 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, just now | 8.84 bp | 26.1 bp −$26 | 58.2 bp −$582 | 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 | −0.1666% | 1h | 0.2238 | −0.710% | $40K | $372K | 12x | as long as short |
| Variational Omni ARB | −0.0197% | 8h | 0.2259 | +0.237% | $2.0M | $2.8M | — | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0194% | 1h | 0.2252 | −0.071% | $25K | $34K | 25x | as long as short |
| 01 Exchange ARBUSD | −0.0160% | 1h | 0.2262 | +0.346% | $7K | $2K | 10x | as long as short |
| Bybit ARBUSDT | −0.0154% | 8h | 0.2260 | +0.244% | $58.7M | $127.2M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0138% | 1h | 0.2254 | −0.015% | $1.1M | $4.9M | 50x | as long as short |
| MEXC ARB_USDT | −0.0109% | 8h | 0.2258 | +0.155% | $39.1M | $59.6M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0108% | 8h | 0.2259 | +0.217% | $23.0M | $157.6M | 50x | as long as short |
| SoDEX ARB-USD | −0.0105% | 1h | 0.2251 | −0.142% | $10K | $2.5M | 5x | as long as short |
| Orderly PERP_ARB_USDC | −0.0053% | 8h | 0.2259 | +0.222% | $13K | $388K | 10x | as long as short |
Injective ARB/USDC PERP
Variational Omni ARB
Deribit ARB_USDC-PERPETUAL
01 Exchange ARBUSD
Bybit ARBUSDT
Kraken Futures PF_ARBUSD
MEXC ARB_USDT
OKX ARB-USDT-SWAP
SoDEX ARB-USD
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2263 | +0.387% | $67K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0011% | 1h | 0.2258 | +0.200% | $10K | — | 150x | as long as short |
| Extended ARB-USD | +0.0016% | 1h | 0.2259 | +0.228% | $358K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0016% | 8h | 0.2258 | +0.164% | $66.8M | $311.9M | 75x | as long as short |
| BloFin ARB-USDT | +0.0073% | 8h | 0.2255 | +0.027% | $3.2M | $2.9M | 75x | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2259 | +0.227% | $143K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2262 | +0.350% | $1.4M | $7.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2261 | +0.306% | $41.0M | $47.3M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2261 | +0.302% | $704K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2260 | +0.284% | $45K | $183K | 10x | as long as short |
| Gate ARB_USDT | +0.0100% | 8h | 0.2258 | +0.155% | $5.5M | $20.1M | 60x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2260 | +0.266% | $19.7M | $15.7M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2259 | +0.222% | $21.6M | $35.9M | 50x | as long as short |
| BingX ARB-USDT | +0.0100% | 8h | 0.2257 | +0.120% | — | $54.4M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2266 | +0.540% | $41K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2256 | +0.102% | $486K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2254 | 0.000% | $121K | $296K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2259 | +0.204% | $65K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2255 | +0.044% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2254 | 0.000% | $294K | $976K | 50x | as long as short |
| Phemex ARBUSDTlong | +0.0100% | 8h | 0.2254 | long leg | $5.2M | $13.0M | 50x | |
| Coinbase International ARB-PERP-INTXshort | +0.0232% | 1h | 0.2261 | +0.297% | $514K | $2.3M | 50x | |
| GMX ARB/USD [ARB-USDC] | L +0.0278% / S −0.0162% | 1h | 0.2258 | +0.177% | $858K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2257 | +0.141% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0384% | 1h | 0.2263 | +0.408% | $514K | $2.6M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0577% | 1h | 0.2255 | +0.022% | $1.0M | $2.8M | 20x | as long as short |
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Binance ARBUSDT
BloFin ARB-USDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
Gate ARB_USDT
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDT
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP