Funding you earn now, next payment 00:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.11 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against BingX+0.049%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$430.430% of the position
Funding, last 7 days−0.063%−$6 on $10k
+Price spread, last 3 days (all we have)+1.293%+$129 · spread now +0.049%, 7d avg +0.045%
=The price spread sits at its 7-day average of +0.045%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.063%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ARB-USDT | 0.2230 | 0.0089 | pay 0.0089% / 8h | 2h 07m | — | $54.0M | — |
| Short | Phemex ARBUSDT | 0.2231 | 0.0100 | get 0.0100% / 8h | 2h 07m | $5.2M | $13.7M | 50x |
BingX ARB-USDT
Phemex ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BingX. 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
- $2.31
- Price spread: +0.049% → +0.045%
- $0.43
- Slippage, 4 orders
- −$21.05
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$40.31
- Costs to cover
- 0.430%
- Break-even
- 129.2 days
Slippage from BingX: live order book, 16 min ago; Phemex: live order book, 6 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 BingX live order book, 16 min ago | 1.12 bp | 6.3 bp −$6 | 8.5 bp −$85 | 19.1 bp −$1,915 | 72.0 bp −$36.0K |
| Sell Phemex live order book, 6 min ago | 6.73 bp | 14.9 bp −$15 | 25.3 bp −$253 | 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 | −0.1675% | 1h | 0.2218 | −0.534% | $40K | $197K | 12x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0288% | 1h | 0.2231 | +0.054% | $38K | $20K | 25x | as long as short |
| 01 Exchange ARBUSD | −0.0272% | 1h | 0.2230 | +0.004% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0159% | 8h | 0.2225 | −0.207% | $1.9M | $2.8M | — | as long as short |
| Bybit ARBUSDT | −0.0138% | 8h | 0.2230 | −0.013% | $56.2M | $135.7M | 50x | as long as short |
| SoDEX ARB-USD | −0.0127% | 1h | 0.2229 | −0.027% | $4K | $2.9M | 5x | as long as short |
| OKX ARB-USDT-SWAP | −0.0108% | 8h | 0.2229 | −0.040% | $22.2M | $164.1M | 50x | as long as short |
| MEXC ARB_USDT | −0.0106% | 8h | 0.2229 | −0.022% | $36.9M | $63.9M | 200x | as long as short |
| Polymarket Perps ARB-USD | −0.0058% | 1h | 0.2231 | +0.049% | $77K | $2.2M | 10x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0053% | 1h | 0.2232 | +0.086% | $1.1M | $5.3M | 50x | as long as short |
Injective ARB/USDC PERP
Deribit ARB_USDC-PERPETUAL
01 Exchange ARBUSD
Variational Omni ARB
Bybit ARBUSDT
SoDEX ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Polymarket Perps ARB-USD
Kraken Futures PF_ARBUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ARB_USDC | −0.0021% | 8h | 0.2231 | +0.049% | $10K | $389K | 10x | as long as short |
| Binance ARBUSDT | −0.0019% | 8h | 0.2229 | −0.034% | $63.4M | $324.6M | 75x | as long as short |
| Extended ARB-USD | −0.0016% | 1h | 0.2229 | −0.047% | $355K | $2.4M | 25x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2232 | +0.084% | $66K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2233 | +0.117% | $57K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0005% | 8h | 0.2231 | +0.036% | $5.5M | $21.6M | 60x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2232 | +0.095% | $146K | $12K | 3x | as long as short |
| Bitget ARBUSDT | +0.0089% | 8h | 0.2228 | −0.085% | $20.9M | $38.2M | 50x | as long as short |
| BingX ARB-USDTlong | +0.0089% | 8h | 0.2230 | long leg | — | $54.0M | — | |
| Lighter ARB | +0.0096% | 1h | 0.2231 | +0.040% | $1.3M | $7.8M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2233 | +0.117% | $39.8M | $52.5M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2231 | +0.055% | $692K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2232 | +0.109% | $45K | $200K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2232 | +0.094% | $20.5M | $16.9M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2226 | −0.178% | $36K | $458K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2226 | −0.175% | $479K | $4.0M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2226 | −0.175% | $121K | $297K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2232 | +0.094% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2230 | +0.004% | $274K | $1.2M | 50x | as long as short |
| Phemex ARBUSDTshort | +0.0100% | 8h | 0.2231 | +0.049% | $5.2M | $13.7M | 50x | |
| BloFin ARB-USDT | +0.0103% | 8h | 0.2232 | +0.094% | $3.0M | $3.3M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0153% / S −0.0018% | 1h | 0.2232 | +0.104% | $846K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2249 | +0.857% | $504K | $2.5M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2231 | +0.031% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0546% | 1h | 0.2233 | +0.144% | $495K | $2.8M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0554% | 1h | 0.2234 | +0.170% | $1.1M | $2.7M | 20x | as long as short |
Orderly PERP_ARB_USDC
Binance ARBUSDT
Extended ARB-USD
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Aevo ARB-PERP
Bitget ARBUSDT
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
BloFin ARB-USDT
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP