Funding you earn now, next payment 00:00 UTC+0.0086%/8h= +9.4% APRnext payment +$0.86 per $10,000 · paid last 24h +0.013%
Price spread now: Phemex against Binance+0.017%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$480.480% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 3 days (all we have)+0.695%+$69 · spread now +0.017%, 7d avg +0.020%
=The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ARBUSDT | 0.2263 | 0.0014 | pay 0.0014% / 8h | 21m 01s | $66.6M | $313.8M | 75x |
| Short | Phemex ARBUSDT | 0.2263 | 0.0100 | get 0.0100% / 8h | 21m 01s | $5.2M | $13.1M | 50x |
Binance ARBUSDT
Phemex ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Binance. 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
- $18.11
- Price spread: +0.017% → +0.020%
- −$0.26
- Slippage, 4 orders
- −$26.04
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$30.19
- Costs to cover
- 0.480%
- Break-even
- 18.7 days
Slippage from Binance: live order book, 8 min ago; Phemex: live order book, 3 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 Binance live order book, 8 min ago | 0.22 bp | 6.3 bp −$6 | 20.9 bp −$209 | 71.6 bp −$7,156 | doesn't fit |
| Sell Phemex live order book, 3 min ago | 6.66 bp | 20.1 bp −$20 | 59.1 bp −$591 | 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 | −0.1785% | 1h | 0.2257 | −0.248% | $41K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0265% | 1h | 0.2263 | +0.004% | $68K | $2.0M | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0236% | 1h | 0.2262 | −0.014% | $26K | $32K | 25x | as long as short |
| Variational Omni ARB | −0.0180% | 8h | 0.2261 | −0.056% | $2.0M | $2.8M | — | as long as short |
| 01 Exchange ARBUSD | −0.0176% | 1h | 0.2263 | +0.013% | $7K | $2K | 10x | as long as short |
| Bybit ARBUSDT | −0.0161% | 8h | 0.2262 | −0.040% | $58.4M | $128.4M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0108% | 8h | 0.2262 | −0.018% | $22.8M | $159.6M | 50x | as long as short |
| MEXC ARB_USDT | −0.0108% | 8h | 0.2263 | +0.008% | $38.0M | $59.9M | 200x | as long as short |
| SoDEX ARB-USD | −0.0088% | 1h | 0.2262 | −0.040% | $4K | $2.6M | 5x | as long as short |
| Orderly PERP_ARB_USDC | −0.0038% | 8h | 0.2262 | −0.027% | $13K | $395K | 10x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
Deribit ARB_USDC-PERPETUAL
Variational Omni ARB
01 Exchange ARBUSD
Bybit ARBUSDT
OKX ARB-USDT-SWAP
MEXC ARB_USDT
SoDEX ARB-USD
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2264 | +0.044% | $67K | $4K | 10x | as long as short |
| Gate ARB_USDT | +0.0001% | 8h | 0.2263 | +0.008% | $5.4M | $20.3M | 60x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2264 | +0.044% | $55K | — | 150x | as long as short |
| Binance ARBUSDTlong | +0.0014% | 8h | 0.2263 | long leg | $66.6M | $313.8M | 75x | |
| Extended ARB-USD | +0.0016% | 1h | 0.2261 | −0.054% | $361K | $2.3M | 25x | as long as short |
| BloFin ARB-USDT | +0.0055% | 8h | 0.2263 | +0.017% | $3.2M | $2.8M | 75x | as long as short |
| Bitget ARBUSDT | +0.0062% | 8h | 0.2262 | −0.027% | $21.4M | $36.0M | 50x | as long as short |
| BingX ARB-USDC | +0.0065% | 8h | 0.2263 | +0.030% | — | $6.5M | — | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2263 | +0.004% | $148K | $12K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2264 | +0.061% | $1.4M | $7.5M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2264 | +0.079% | $40.8M | $47.5M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2264 | +0.077% | $705K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2264 | +0.060% | $48K | $184K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2263 | +0.026% | $19.7M | $16.1M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2259 | −0.153% | $40K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2259 | −0.174% | $483K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2262 | −0.027% | $122K | $296K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2266 | +0.150% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2262 | −0.032% | $293K | $1.1M | 50x | as long as short |
| Phemex ARBUSDTshort | +0.0100% | 8h | 0.2263 | +0.017% | $5.2M | $13.1M | 50x | |
| Coinbase International ARB-PERP-INTX | +0.0216% | 1h | 0.2270 | +0.326% | $512K | $2.3M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0236% | 1h | 0.2265 | +0.108% | $1.1M | $4.9M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2262 | −0.046% | $2K | $695 | 20x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0296% / S −0.0186% | 1h | 0.2263 | +0.035% | $926K | — | 150x | as long as short |
| RISEx ARB/USDC | +0.0330% | 1h | 0.2265 | +0.099% | $514K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0474% | 1h | 0.2265 | +0.110% | $1.0M | $2.9M | 20x | as long as short |
dYdX ARB-USD
Gate ARB_USDT
gTrade (Gains Network) ARB/USD
Extended ARB-USD
BloFin ARB-USDT
Bitget ARBUSDT
BingX ARB-USDC
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Coinbase International ARB-PERP-INTX
Kraken Futures PF_ARBUSD
Reya ARBRUSDPERP
GMX ARB/USD [ARB-USDC]
RISEx ARB/USDC
Backpack ARB_USDC_PERP