Funding you earn now, next payment 08:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h −0.018%
Price spread now: Extended against Phemex−0.115%7-day average −0.114% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$650.645% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 4 days (all we have)−0.594%−$59 · spread now −0.115%, 7d avg −0.114%
=Together, before fees−0.615%+ Points / potential airdropExtended: Active · farm board−$61 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.114%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ARBUSDT | 0.2187 | 0.0100 | pay 0.0100% / 8h | 59m 40s | $4.8M | $12.9M | 50x |
| Short | Extended ARB-USD | 0.2184 | 0.0016 | get 0.0002% / 1h | 59m 40s | $352K | $3.0M | 25x |
Phemex ARBUSDT
Extended ARB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$17.64
- Price spread: −0.115% → −0.114%
- −$0.14
- Slippage, 4 orders
- −$47.55
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$82.32
- Costs to cover
- 0.645%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 4 min ago; Extended: live order book, 4 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, 4 min ago | 4.56 bp | 14.1 bp −$14 | 24.1 bp −$241 | doesn't fit | doesn't fit |
| Sell Extended live order book, 4 min ago | 15.96 bp | 18.5 bp −$18 | 80.0 bp −$800 | 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 | −0.1592% | 1h | 0.2186 | −0.046% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0200% | 1h | 0.2184 | −0.128% | $7K | $236 | 10x | as long as short |
| Polymarket Perps ARB-USD | −0.0168% | 1h | 0.2187 | −0.018% | $67K | $2.1M | 10x | as long as short |
| SoDEX ARB-USD | −0.0111% | 1h | 0.2186 | −0.027% | $9K | $2.2M | 5x | as long as short |
| MEXC ARB_USDT | −0.0091% | 8h | 0.2186 | −0.027% | $41.9M | $61.4M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0091% | 8h | 0.2185 | −0.096% | $21.9M | $144.3M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0038% | 8h | 0.2186 | −0.046% | $12K | $407K | 10x | as long as short |
| Variational Omni ARB | −0.0035% | 8h | 0.2185 | −0.070% | $1.8M | $3.0M | — | as long as short |
| Bybit ARBUSDT | −0.0008% | 8h | 0.2184 | −0.119% | $53.5M | $126.4M | 50x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2187 | −0.004% | $65K | $5K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Polymarket Perps ARB-USD
SoDEX ARB-USD
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Orderly PERP_ARB_USDC
Variational Omni ARB
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 | 0.2187 | +0.009% | $28K | $38K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2188 | +0.033% | $44K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0015% | 8h | 0.2185 | −0.076% | $62.6M | $301.9M | 75x | as long as short |
| Extended ARB-USDshort | +0.0016% | 1h | 0.2184 | −0.115% | $352K | $3.0M | 25x | |
| Gate ARB_USDT | +0.0018% | 8h | 0.2185 | −0.069% | $5.4M | $18.3M | 60x | as long as short |
| RISEx ARB/USDC | +0.0056% | 1h | 0.2188 | +0.046% | $485K | $2.6M | 10x | as long as short |
| BloFin ARB-USDT | +0.0071% | 8h | 0.2186 | −0.059% | $3.0M | $2.3M | 75x | as long as short |
| Bitget ARBUSDT | +0.0074% | 8h | 0.2185 | −0.091% | $21.1M | $34.7M | 50x | as long as short |
| BingX ARB-USDC | +0.0074% | 8h | 0.2185 | −0.087% | — | $6.5M | — | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2187 | +0.004% | $139K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2186 | −0.059% | $1.2M | $5.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2187 | 0.000% | $36.9M | $49.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2187 | +0.020% | $628K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2187 | +0.005% | $42K | $148K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2186 | −0.037% | $19.4M | $14.2M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2187 | −0.013% | $39K | $466K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2188 | +0.046% | $466K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2188 | +0.046% | $118K | $279K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2188 | +0.046% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2187 | +0.005% | $292K | $838K | 50x | as long as short |
| Phemex ARBUSDTlong | +0.0100% | 8h | 0.2187 | long leg | $4.8M | $12.9M | 50x | |
| Kraken Futures PF_ARBUSD | +0.0233% | 1h | 0.2188 | +0.027% | $1.1M | $4.4M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2187 | +0.022% | $826K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2196 | +0.393% | $524K | $1.5M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2186 | −0.054% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0566% | 1h | 0.2190 | +0.128% | $984K | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Gate ARB_USDT
RISEx ARB/USDC
BloFin ARB-USDT
Bitget ARBUSDT
BingX ARB-USDC
Aevo ARB-PERP
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
Kraken Futures PF_ARBUSD
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP