Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Phemex+0.050%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$690.690% of the position
Funding, last 7 days+0.115%+$12 on $10k
+Price spread, last 4 days (all we have)−0.920%−$92 · spread now +0.050%, 7d avg +0.007%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.043% dearer against Phemex than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.007%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ARBUSDT | 0.2190 | 0.0100 | pay 0.0100% / 8h | 3h 44m | $4.9M | $12.8M | 50x |
| Short | KuCoin ARBUSDTM | 0.2191 | 0.0100 | get 0.0100% / 8h | 3h 44m | $19.5M | $14.7M | 75x |
Phemex ARBUSDT
KuCoin ARBUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- Price spread: +0.050% → +0.007%
- $4.3
- Slippage, 4 orders
- −$45.04
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$64.74
- Costs to cover
- 0.690%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 4 min ago; KuCoin: 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 | 2.28 bp | 10.8 bp −$11 | 22.8 bp −$228 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 1.59 bp | 20.0 bp −$20 | 34.7 bp −$347 | 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 | −0.1589% | 1h | 0.2179 | −0.502% | $39K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0244% | 1h | 0.2189 | −0.055% | $71K | $2.1M | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0114% | 8h | 0.2191 | +0.032% | $22.1M | $143.0M | 50x | as long as short |
| MEXC ARB_USDT | −0.0113% | 8h | 0.2190 | +0.014% | $41.9M | $60.3M | 200x | as long as short |
| Variational Omni ARB | −0.0102% | 8h | 0.2189 | −0.024% | $1.8M | $2.9M | — | as long as short |
| Orderly PERP_ARB_USDC | −0.0073% | 8h | 0.2191 | +0.046% | $12K | $407K | 10x | as long as short |
| Bybit ARBUSDT | −0.0061% | 8h | 0.2190 | 0.000% | $55.2M | $123.7M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0050% | 1h | 0.2192 | +0.093% | $1.1M | $4.4M | 50x | as long as short |
| Gate ARB_USDT | −0.0044% | 8h | 0.2192 | +0.087% | $5.3M | $18.0M | 60x | as long as short |
| 01 Exchange ARBUSD | −0.0024% | 1h | 0.2193 | +0.132% | $7K | $2K | 10x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Variational Omni ARB
Orderly PERP_ARB_USDC
Bybit ARBUSDT
Kraken Futures PF_ARBUSD
Gate ARB_USDT
01 Exchange ARBUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2191 | +0.028% | $65K | $5K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2192 | +0.087% | $24K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2190 | 0.000% | $32K | — | 150x | as long as short |
| Extended ARB-USD | +0.0024% | 1h | 0.2191 | +0.027% | $349K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0028% | 8h | 0.2190 | +0.019% | $63.7M | $299.3M | 75x | as long as short |
| Bitget ARBUSDT | +0.0057% | 8h | 0.2190 | 0.000% | $20.8M | $34.1M | 50x | as long as short |
| BingX ARB-USDC | +0.0060% | 8h | 0.2190 | −0.009% | — | $6.5M | — | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2192 | +0.087% | $139K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2191 | +0.027% | $1.2M | $5.5M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2192 | +0.068% | $37.6M | $48.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2189 | −0.035% | $630K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2190 | +0.023% | $42K | $159K | 10x | as long as short |
| KuCoin ARBUSDTMshort | +0.0100% | 8h | 0.2191 | +0.050% | $19.5M | $14.7M | 75x | |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2191 | +0.067% | $38K | $465K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2192 | +0.085% | $473K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2192 | +0.091% | $118K | $283K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2191 | +0.046% | $1K | $1.1M | 30x | as long as short |
| SoDEX ARB-USD | +0.0100% | 1h | 0.2191 | +0.059% | $10K | $2.2M | 5x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2190 | 0.000% | $297K | $885K | 50x | as long as short |
| Phemex ARBUSDTlong | +0.0100% | 8h | 0.2190 | long leg | $4.9M | $12.8M | 50x | |
| BloFin ARB-USDT | +0.0102% | 8h | 0.2192 | +0.078% | $3.1M | $2.5M | 75x | as long as short |
| RISEx ARB/USDC | +0.0118% | 1h | 0.2193 | +0.141% | $479K | $2.6M | 10x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0256% | 1h | 0.2192 | +0.110% | $492K | $1.7M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2190 | +0.021% | $826K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2188 | −0.076% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0495% | 1h | 0.2194 | +0.187% | $987K | $2.8M | 20x | as long as short |
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Binance ARBUSDT
Bitget ARBUSDT
BingX ARB-USDC
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
SoDEX ARB-USD
HTX ARB-USDT
BloFin ARB-USDT
RISEx ARB/USDC
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP