Funding you earn now, next payment 07:00 UTC+0.0169%/8h= +18.5% APRpaid last 24h +0.045%
Price spread now: Phemex against SoDEX+0.014%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$380.376% of the position
Funding, last 3 days (all we have)+0.089%+$9 on $10k
+Price spread, last 4 days (all we have)+0.055%+$5 · spread now +0.014%, 7d avg +0.021%
=The price spread sits at its 7-day average of +0.021%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX ARB-USD | 0.2214 | −0.0069 | get 0.0009% / 1h | 43m 53s | $9K | $2.2M | 5x |
| Short | Phemex ARBUSDT | 0.2214 | 0.0100 | get 0.0100% / 8h | 1h 43m | $5.0M | $12.8M | 50x |
SoDEX ARB-USD
Phemex ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against SoDEX. 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
- $35.48
- Price spread: +0.014% → +0.021%
- −$0.7
- Slippage, 4 orders
- −$17.59
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$2.81
- Costs to cover
- 0.376%
- Break-even
- 7.6 days
Slippage from SoDEX: live order book, 5 min ago; Phemex: 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 SoDEX live order book, 5 min ago | 0.23 bp | 5.4 bp −$5 | 18.2 bp −$182 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 4.52 bp | 13.6 bp −$14 | 24.8 bp −$248 | 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 | 0.2202 | −0.529% | $40K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0211% | 1h | 0.2215 | +0.063% | $68K | $2.1M | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0073% | 8h | 0.2212 | −0.063% | $22.2M | $146.8M | 50x | as long as short |
| MEXC ARB_USDT | −0.0071% | 8h | 0.2213 | −0.054% | $42.2M | $61.7M | 200x | as long as short |
| SoDEX ARB-USDlong | −0.0069% | 1h | 0.2214 | long leg | $9K | $2.2M | 5x | |
| Deribit ARB_USDC-PERPETUAL | −0.0066% | 1h | 0.2214 | +0.023% | $28K | $38K | 25x | as long as short |
| Variational Omni ARB | −0.0065% | 8h | 0.2209 | −0.232% | $1.8M | $3.0M | — | as long as short |
| 01 Exchange ARBUSD | −0.0056% | 1h | 0.2218 | +0.172% | $7K | $236 | 10x | as long as short |
| Orderly PERP_ARB_USDC | −0.0044% | 8h | 0.2214 | +0.014% | $12K | $406K | 10x | as long as short |
| Bybit ARBUSDT | −0.0025% | 8h | 0.2213 | −0.050% | $54.5M | $126.5M | 50x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Deribit ARB_USDC-PERPETUAL
Variational Omni ARB
01 Exchange ARBUSD
Orderly PERP_ARB_USDC
Bybit ARBUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2217 | +0.143% | $66K | $5K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2217 | +0.129% | $44K | — | 150x | as long as short |
| RISEx ARB/USDC | +0.0056% | 1h | 0.2218 | +0.172% | $462K | $2.6M | 10x | as long as short |
| Bitget ARBUSDT | +0.0058% | 8h | 0.2213 | −0.032% | $21.2M | $34.8M | 50x | as long as short |
| Gate ARB_USDT | +0.0062% | 8h | 0.2213 | −0.036% | $5.4M | $18.3M | 60x | as long as short |
| BingX ARB-USDC | +0.0093% | 8h | 0.2216 | +0.086% | — | $6.5M | — | as long as short |
| Binance ARBUSDT | +0.0095% | 8h | 0.2213 | −0.041% | $63.2M | $302.1M | 75x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2213 | −0.032% | $1.3M | $5.5M | 15x | as long as short |
| Extended ARB-USD | +0.0096% | 1h | 0.2213 | −0.051% | $352K | $2.8M | 25x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2215 | +0.068% | $37.5M | $49.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2216 | +0.096% | $636K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2216 | +0.082% | $43K | $150K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2215 | +0.059% | $19.7M | $14.3M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2210 | −0.172% | $39K | $465K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2212 | −0.074% | $480K | $3.7M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2213 | −0.032% | $119K | $282K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2215 | +0.059% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2217 | +0.145% | $296K | $872K | 50x | as long as short |
| Phemex ARBUSDTshort | +0.0100% | 8h | 0.2214 | +0.014% | $5.0M | $12.8M | 50x | |
| Aevo ARB-PERP | +0.0104% | 1h | 0.2215 | +0.056% | $140K | $7K | 3x | as long as short |
| BloFin ARB-USDT | +0.0213% | 8h | 0.2218 | +0.217% | $3.1M | $2.4M | 75x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0230% | 1h | 0.2215 | +0.056% | $1.1M | $4.5M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2216 | +0.111% | $836K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2221 | +0.321% | $520K | $1.6M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2215 | +0.042% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0665% | 1h | 0.2218 | +0.172% | $994K | $2.8M | 20x | as long as short |
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
RISEx ARB/USDC
Bitget ARBUSDT
Gate ARB_USDT
BingX ARB-USDC
Binance ARBUSDT
Lighter ARB
Extended ARB-USD
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Aevo ARB-PERP
BloFin ARB-USDT
Kraken Futures PF_ARBUSD
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP