Funding you earn now, next payment 09:00 UTC+0.0771%/8h= +84.4% APRpaid last 24h +0.057%
Price spread now: Reya against Phemex+0.040%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Reya is 0.040% dearer against Phemex than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ARBUSDT | 0.2220 | −0.0483 | get 0.0483% / 8h | 7h 21m | $4.9M | $12.8M | 50x |
| Short | Reya ARBRUSDPERP | 0.2221 | 0.0288 | get 0.0036% / 1h | 21m 00s | $2K | $695 | 20x |
Phemex ARBUSDT
Reya ARBRUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya 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
- $161.89
- Price spread: +0.040% → 0.000%
- $3.96
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $147.85
- Costs to cover
- 0.180%
- Break-even
- 0.6 days
Slippage unknown: Phemex: live order book, 3 min ago; Reya: no order-book sample. Net counts fees only.
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, 3 min ago | 13.54 bp | 23.0 bp −$23 | 119.8 bp −$1,198 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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 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 | −0.1605% | 1h | 0.2205 | −0.676% | $40K | $372K | 12x | as long as short |
| Phemex ARBUSDTlong | −0.0483% | 8h | 0.2220 | long leg | $4.9M | $12.8M | 50x | |
| Deribit ARB_USDC-PERPETUAL | −0.0200% | 1h | 0.2220 | −0.009% | $28K | $38K | 25x | as long as short |
| SoDEX ARB-USD | −0.0184% | 1h | 0.2218 | −0.081% | $9K | $2.3M | 5x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0166% | 1h | 0.2220 | −0.011% | $1.1M | $4.3M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0099% | 8h | 0.2217 | −0.158% | $22.4M | $147.7M | 50x | as long as short |
| MEXC ARB_USDT | −0.0095% | 8h | 0.2218 | −0.095% | $44.3M | $63.4M | 200x | as long as short |
| Gate ARB_USDT | −0.0075% | 8h | 0.2219 | −0.063% | $5.4M | $18.3M | 60x | as long as short |
| 01 Exchange ARBUSD | −0.0056% | 1h | 0.2224 | +0.176% | $7K | $209 | 10x | as long as short |
| Bybit ARBUSDT | −0.0048% | 8h | 0.2217 | −0.158% | $54.0M | $125.7M | 50x | as long as short |
Injective ARB/USDC PERP
Deribit ARB_USDC-PERPETUAL
SoDEX ARB-USD
Kraken Futures PF_ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Gate ARB_USDT
01 Exchange ARBUSD
Bybit ARBUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ARB_USDC | −0.0038% | 8h | 0.2219 | −0.045% | $16K | $414K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2224 | +0.164% | $65K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2221 | +0.025% | $73K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0020% | 8h | 0.2217 | −0.135% | $64.2M | $299.3M | 75x | as long as short |
| Extended ARB-USD | +0.0024% | 1h | 0.2218 | −0.093% | $367K | $3.0M | 25x | as long as short |
| Variational Omni ARB | +0.0025% | 8h | 0.2191 | −1.305% | $1.8M | $3.0M | — | as long as short |
| Bitget ARBUSDT | +0.0059% | 8h | 0.2217 | −0.135% | $21.2M | $34.8M | 50x | as long as short |
| BingX ARB-USDT | +0.0061% | 8h | 0.2219 | −0.063% | — | $32.8M | — | as long as short |
| BloFin ARB-USDT | +0.0080% | 8h | 0.2218 | −0.086% | $3.0M | $2.4M | 75x | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2223 | +0.116% | $141K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2219 | −0.032% | $1.3M | $5.6M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2221 | +0.059% | $36.3M | $51.6M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2220 | −0.013% | $636K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2222 | +0.080% | $44K | $148K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2220 | −0.018% | $19.3M | $13.8M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2214 | −0.276% | $40K | $466K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2216 | −0.189% | $476K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2217 | −0.135% | $120K | $267K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2224 | +0.180% | $75K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2223 | +0.135% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2222 | +0.095% | $298K | $835K | 50x | as long as short |
| RISEx ARB/USDC | +0.0123% | 1h | 0.2221 | +0.067% | $533K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0247% | 1h | 0.2221 | +0.068% | $992K | $2.8M | 20x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0159% | 1h | 0.2219 | −0.049% | $841K | — | 150x | as long as short |
| Reya ARBRUSDPERPshort | +0.0288% | 1h | 0.2221 | +0.040% | $2K | $695 | 20x | |
| Coinbase International ARB-PERP-INTX | +0.0336% | 1h | 0.2228 | +0.356% | $534K | $1.6M | 50x | as long as short |
Orderly PERP_ARB_USDC
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
Variational Omni ARB
Bitget ARBUSDT
BingX ARB-USDT
BloFin ARB-USDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
RISEx ARB/USDC
Backpack ARB_USDC_PERP
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX