Funding you earn now, next payment 08:00 UTC−0.0156%/8h= −17.1% APRnext payment −$1.56 per $10,000 · paid last 24h −0.045%
Price spread now: MEXC against Phemex−0.117%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$540.540% of the position
Funding, last 7 days−0.101%−$10 on $10k
+Price spread, last 4 days (all we have)−0.571%−$57 · spread now −0.117%, 7d avg −0.029%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and MEXC is 0.088% cheaper against Phemex than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.029%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ARBUSDT | 0.2225 | 0.0100 | pay 0.0100% / 8h | 2h 03m | $5.0M | $12.8M | 50x |
| Short | MEXC ARB_USDT | 0.2222 | −0.0056 | pay 0.0056% / 8h | 2h 03m | $41.8M | $62.0M | 200x |
Phemex ARBUSDT
MEXC ARB_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$32.76
- Price spread: −0.117% → −0.029%
- −$8.81
- Slippage, 4 orders
- −$42.01
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$95.58
- Costs to cover
- 0.540%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; MEXC: live order book, 5 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, 5 min ago | 13.56 bp | 28.0 bp −$28 | 49.0 bp −$490 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 0.23 bp | 1.6 bp −$2 | 12.0 bp −$120 | 50.0 bp −$5,000 | 85.5 bp −$42.7K |
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 | 0.2208 | −0.764% | $40K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0128% | 1h | 0.2229 | +0.166% | $7K | $236 | 10x | as long as short |
| Polymarket Perps ARB-USD | −0.0095% | 1h | 0.2226 | +0.058% | $76K | $2.1M | 10x | as long as short |
| Variational Omni ARB | −0.0083% | 8h | 0.2224 | −0.047% | $1.8M | $3.0M | — | as long as short |
| Kraken Futures PF_ARBUSD | −0.0073% | 1h | 0.2224 | −0.033% | $1.1M | $4.5M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0058% | 8h | 0.2222 | −0.126% | $22.1M | $146.9M | 50x | as long as short |
| MEXC ARB_USDTshort | −0.0056% | 8h | 0.2222 | −0.117% | $41.8M | $62.0M | 200x | |
| Bybit ARBUSDT | −0.0047% | 8h | 0.2223 | −0.081% | $54.7M | $126.6M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0044% | 8h | 0.2225 | 0.000% | $12K | $406K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0020% | 1h | 0.2225 | +0.004% | $28K | $38K | 25x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Polymarket Perps ARB-USD
Variational Omni ARB
Kraken Futures PF_ARBUSD
OKX ARB-USDT-SWAP
Bybit ARBUSDT
Orderly PERP_ARB_USDC
Deribit ARB_USDC-PERPETUALShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2226 | +0.046% | $66K | $5K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2227 | +0.077% | $44K | — | 150x | as long as short |
| Bitget ARBUSDT | +0.0056% | 8h | 0.2222 | −0.135% | $21.3M | $34.8M | 50x | as long as short |
| Gate ARB_USDT | +0.0080% | 8h | 0.2223 | −0.067% | $5.5M | $18.4M | 60x | as long as short |
| RISEx ARB/USDC | +0.0086% | 1h | 0.2227 | +0.098% | $487K | $2.6M | 10x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2224 | −0.027% | $1.3M | $5.5M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2226 | +0.063% | $37.6M | $49.3M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2225 | −0.015% | $638K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2225 | +0.008% | $43K | $150K | 10x | as long as short |
| Binance ARBUSDT | +0.0100% | 8h | 0.2223 | −0.074% | $63.5M | $301.2M | 75x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2225 | −0.018% | $19.9M | $14.4M | 75x | as long as short |
| BingX ARB-USDC | +0.0100% | 8h | 0.2223 | −0.081% | — | $6.5M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2220 | −0.241% | $39K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2221 | −0.181% | $484K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2223 | −0.090% | $120K | $281K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2228 | +0.135% | $1K | $1.1M | 30x | as long as short |
| SoDEX ARB-USD | +0.0100% | 1h | 0.2223 | −0.085% | $9K | $2.2M | 5x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2225 | −0.013% | $298K | $884K | 50x | as long as short |
| Phemex ARBUSDTlong | +0.0100% | 8h | 0.2225 | long leg | $5.0M | $12.8M | 50x | |
| Extended ARB-USD | +0.0104% | 1h | 0.2222 | −0.153% | $354K | $2.8M | 25x | as long as short |
| Aevo ARB-PERP | +0.0104% | 1h | 0.2225 | 0.000% | $141K | $7K | 3x | as long as short |
| BloFin ARB-USDT | +0.0220% | 8h | 0.2221 | −0.184% | $3.0M | $2.4M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0277% / S −0.0159% | 1h | 0.2226 | +0.058% | $844K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2230 | +0.225% | $517K | $1.6M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2226 | +0.027% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0744% | 1h | 0.2228 | +0.130% | $999K | $2.8M | 20x | as long as short |
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Bitget ARBUSDT
Gate ARB_USDT
RISEx ARB/USDC
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
Binance ARBUSDT
KuCoin ARBUSDTM
BingX ARB-USDC
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
SoDEX ARB-USD
HTX ARB-USDT
Extended ARB-USD
Aevo ARB-PERP
BloFin ARB-USDT
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP