ARB

Alert

Funding spread now, next payment 18:00 UTC+0.0139%/8h

paid, last 24h+0.018%paid, last 3 days+0.052%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex ARBUSDT	0.2259	0.0100	pay 0.0100% / 8h	6h 55m	$5.5M	$14.3M	50x
Short	GMX ARB/USD [ARB-USDC]	0.2260	L +0.0287% / S −0.0239%	get 0.0030% / 1h	55m 39s	$714K	—	150x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee GMXbpOrdersRate

Funding earned: $29.11
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $5.11
Break-even: 5.8 days

Slippage unknown: Phemex: live order book, 5 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.036%
Avg gap 7d: +0.010%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 5 min ago	4.42 bp	13.6 bp −$14	27.9 bp −$279	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ARB on 35 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective ARB/USDC PERP	−0.1630%	1h	$58K	$138K	12x	as long as short
Polymarket Perps ARB-USD	−0.0327%	1h	$68K	$2.5M	10x	as long as short
01 Exchange ARBUSD	−0.0296%	1h	$7K	$2K	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0243%	1h	$1.1M	$4.9M	50x	as long as short
SoDEX ARB-USD	−0.0173%	1h	$5K	$2.9M	5x	as long as short
Bybit ARBUSDT	−0.0143%	8h	$56.6M	$131.4M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0003%	8h	$23.5M	$170.0M	50x	as long as short
MEXC ARB_USDT	−0.0003%	8h	$40.8M	$61.7M	200x	as long as short
dYdX ARB-USD	0.0000%	1h	$68K	$4K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	$39K	$16K	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Orderly PERP_ARB_USDC	+0.0004%	8h	$11K	$376K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	$60K	—	150x	as long as short
Gate ARB_USDT	+0.0051%	8h	$5.5M	$20.7M	60x	as long as short
Variational Omni ARB	+0.0087%	8h	$1.8M	$3.3M	—	as long as short
Lighter ARB	+0.0096%	1h	$1.4M	$7.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	$41.6M	$49.1M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	$714K	$2.1M	20x	as long as short
Pacifica ARB	+0.0100%	1h	$48K	$218K	10x	as long as short
Binance ARBUSDT	+0.0100%	8h	$63.9M	$319.3M	75x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	$20.6M	$18.0M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	$20.9M	$39.3M	50x	as long as short
BingX ARB-USDC	+0.0100%	8h	—	$6.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	$39K	$465K	20x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	$127K	$260K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	$275K	$1.2M	50x	as long as short
Phemex ARBUSDTlong	+0.0100%	8h	$5.5M	$14.3M	50x
Extended ARB-USD	+0.0104%	1h	$365K	$2.4M	25x	as long as short
Aevo ARB-PERP	+0.0104%	1h	$151K	$9K	3x	as long as short
Backpack ARB_USDC_PERP	+0.0112%	1h	$930K	$2.9M	20x	as long as short
BloFin ARB-USDT	+0.0220%	8h	$3.1M	$3.2M	75x	as long as short
GMX ARB/USD [ARB-USDC]short	L +0.0287% / S −0.0239%	1h	$714K	—	150x
Reya ARBRUSDPERP	+0.0292%	1h	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0432%	1h	$524K	$2.5M	50x	as long as short
RISEx ARB/USDC	+0.0519%	1h	$412K	$3.0M	10x	as long as short