Funding you earn now, next payment 08:00 UTC+0.0074%/8h= +8.1% APRnext payment +$0.74 per $10,000 · paid last 24h −0.007%
Price spread now: Phemex against BloFin+0.009%59s7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$530.531% of the position
Funding, last 7 days−0.144%−$14 on $10k
+Price spread, last 4 days (all we have)+0.102%+$10 · spread now +0.009%, 7d avg +0.013%
=The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.144%, so the current rate has only just turned in your favour. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ARB-USDT | 0.2190 | 0.0026 | pay 0.0026% / 8h | 51m 49s | $3.0M | $2.3M | 75x |
| Short | Phemex ARBUSDT | 0.2190 | 0.0100 | get 0.0100% / 8h | 51m 49s | $4.8M | $12.8M | 50x |
BloFin ARB-USDT
Phemex ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BloFin. 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
- $15.54
- Price spread: +0.009% → +0.013%
- −$0.44
- Slippage, 4 orders
- −$29.09
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$37.99
- Costs to cover
- 0.531%
- Break-even
- 24.1 days
Slippage from BloFin: live order book, 1 min ago; Phemex: live order book, 2 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 BloFin live order book, 1 min ago | 0.69 bp | 9.3 bp −$9 | 16.4 bp −$164 | 53.0 bp −$5,301 | doesn't fit |
| Sell Phemex live order book, 2 min ago | 6.85 bp | 16.9 bp −$17 | 26.2 bp −$262 | 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 | −0.1612% | 1h | 0.2181 | −0.402% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0168% | 1h | 0.2189 | −0.018% | $7K | $236 | 10x | as long as short |
| MEXC ARB_USDT | −0.0088% | 8h | 0.2193 | +0.137% | $42.3M | $61.6M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0087% | 8h | 0.2194 | +0.187% | $22.0M | $145.1M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0038% | 8h | 0.2189 | −0.037% | $12K | $407K | 10x | as long as short |
| Variational Omni ARB | −0.0027% | 8h | 0.2184 | −0.281% | $1.8M | $3.0M | — | as long as short |
| Polymarket Perps ARB-USD | −0.0006% | 1h | 0.2189 | −0.023% | $67K | $2.1M | 10x | as long as short |
| Bybit ARBUSDT | −0.0003% | 8h | 0.2194 | +0.187% | $53.8M | $126.3M | 50x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2191 | +0.035% | $65K | $5K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2190 | +0.023% | $28K | $38K | 25x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Orderly PERP_ARB_USDC
Variational Omni ARB
Polymarket Perps ARB-USD
Bybit ARBUSDT
dYdX ARB-USD
Deribit ARB_USDC-PERPETUALShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2190 | +0.031% | $44K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0006% | 8h | 0.2194 | +0.195% | $62.7M | $301.4M | 75x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2193 | +0.133% | $349K | $3.0M | 25x | as long as short |
| Gate ARB_USDT | +0.0015% | 8h | 0.2194 | +0.192% | $5.4M | $18.3M | 60x | as long as short |
| BloFin ARB-USDTlong | +0.0026% | 8h | 0.2190 | long leg | $3.0M | $2.3M | 75x | |
| SoDEX ARB-USD | +0.0055% | 1h | 0.2190 | 0.000% | $9K | $2.2M | 5x | as long as short |
| RISEx ARB/USDC | +0.0069% | 1h | 0.2190 | +0.018% | $488K | $2.6M | 10x | as long as short |
| BingX ARB-USDT | +0.0076% | 8h | 0.2194 | +0.187% | — | $33.2M | — | as long as short |
| Bitget ARBUSDT | +0.0077% | 8h | 0.2194 | +0.192% | $21.2M | $34.7M | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2190 | +0.001% | $139K | $7K | 3x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0093% | 1h | 0.2191 | +0.038% | $1.1M | $4.4M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2194 | +0.201% | $1.2M | $5.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2196 | +0.288% | $37.1M | $49.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2193 | +0.165% | $630K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2195 | +0.239% | $43K | $148K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2193 | +0.169% | $19.5M | $14.2M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2186 | −0.153% | $39K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2189 | −0.016% | $467K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2186 | −0.174% | $118K | $279K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2192 | +0.100% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2192 | +0.087% | $293K | $833K | 50x | as long as short |
| Phemex ARBUSDTshort | +0.0100% | 8h | 0.2190 | +0.009% | $4.8M | $12.8M | 50x | |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2190 | +0.011% | $826K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0288% | 1h | 0.2189 | −0.038% | $2K | $695 | 20x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0336% | 1h | 0.2195 | +0.237% | $523K | $1.5M | 50x | as long as short |
| Backpack ARB_USDC_PERP | +0.0765% | 1h | 0.2195 | +0.237% | $986K | $2.8M | 20x | as long as short |
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
Gate ARB_USDT
SoDEX ARB-USD
RISEx ARB/USDC
BingX ARB-USDT
Bitget ARBUSDT
Aevo ARB-PERP
Kraken Futures PF_ARBUSD
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
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Coinbase International ARB-PERP-INTX
Backpack ARB_USDC_PERP