Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%
Price spread now: Phemex against dYdX+0.004%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.095%+$9 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), 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 | dYdX ARB-USD | 0.2189 | 0 | get 0.0000% / 1h | 20m 21s | $65K | $5K | 10x |
| Short | Phemex ARBUSDT | 0.2189 | 0.0100 | get 0.0100% / 8h | 3h 20m | $5.0M | $12.8M | 50x |
dYdX ARB-USD
Phemex ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against dYdX. 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
- $21
- Price spread: +0.004% → 0.000%
- $0.43
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$0.57
- Costs to cover
- 0.220%
- Break-even
- 7.2 days
Slippage unknown: dYdX: no order-book sample; Phemex: live order book, 4 min ago. 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 dYdX no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 4 min ago | 9.15 bp | 19.3 bp −$19 | 28.0 bp −$280 | doesn't fit | doesn't fit |
dYdX: 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 | −0.1589% | 1h | 0.2174 | −0.681% | $39K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0178% | 1h | 0.2188 | −0.028% | $69K | $2.1M | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0103% | 8h | 0.2188 | −0.023% | $22.0M | $141.9M | 50x | as long as short |
| MEXC ARB_USDT | −0.0103% | 8h | 0.2189 | −0.014% | $41.6M | $60.6M | 200x | as long as short |
| Variational Omni ARB | −0.0097% | 8h | 0.2188 | −0.057% | $1.8M | $3.0M | — | as long as short |
| Orderly PERP_ARB_USDC | −0.0065% | 8h | 0.2189 | +0.004% | $12K | $407K | 10x | as long as short |
| Bybit ARBUSDT | −0.0056% | 8h | 0.2188 | −0.023% | $55.3M | $123.2M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0050% | 1h | 0.2191 | +0.085% | $1.1M | $4.4M | 50x | as long as short |
| 01 Exchange ARBUSD | −0.0008% | 1h | 0.2190 | +0.055% | $7K | $2K | 10x | as long as short |
| Gate ARB_USDT | −0.0003% | 8h | 0.2189 | +0.018% | $5.3M | $18.1M | 60x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Variational Omni ARB
Orderly PERP_ARB_USDC
Bybit ARBUSDT
Kraken Futures PF_ARBUSD
01 Exchange ARBUSD
Gate ARB_USDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USDlong | 0.0000% | 1h | 0.2189 | long leg | $65K | $5K | 10x | |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2190 | +0.027% | $24K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2190 | +0.029% | $44K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0047% | 8h | 0.2189 | −0.007% | $64.0M | $298.7M | 75x | as long as short |
| Extended ARB-USD | +0.0048% | 1h | 0.2188 | −0.033% | $349K | $2.5M | 25x | as long as short |
| Bitget ARBUSDT | +0.0053% | 8h | 0.2188 | −0.041% | $20.8M | $33.8M | 50x | as long as short |
| BingX ARB-USDT | +0.0053% | 8h | 0.2189 | −0.009% | — | $53.7M | — | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2189 | −0.009% | $1.3M | $5.5M | 15x | as long as short |
| Aevo ARB-PERP | +0.0096% | 1h | 0.2190 | +0.050% | $139K | $7K | 3x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2190 | +0.050% | $37.3M | $48.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2189 | +0.008% | $630K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2188 | −0.019% | $42K | $159K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2191 | +0.087% | $19.5M | $14.5M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2186 | −0.113% | $38K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2189 | +0.004% | $467K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2187 | −0.087% | $118K | $283K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2191 | +0.096% | $2K | $1.1M | 30x | as long as short |
| SoDEX ARB-USD | +0.0100% | 1h | 0.2189 | +0.013% | $10K | $2.2M | 5x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2189 | +0.018% | $297K | $885K | 50x | as long as short |
| Phemex ARBUSDTshort | +0.0100% | 8h | 0.2189 | +0.004% | $5.0M | $12.8M | 50x | |
| RISEx ARB/USDC | +0.0118% | 1h | 0.2190 | +0.037% | $468K | $2.6M | 10x | as long as short |
| BloFin ARB-USDT | +0.0166% | 8h | 0.2187 | −0.073% | $3.1M | $2.5M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0256% | 1h | 0.2194 | +0.233% | $494K | $1.6M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2190 | +0.032% | $826K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2189 | −0.018% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0556% | 1h | 0.2191 | +0.105% | $985K | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
Bitget ARBUSDT
BingX ARB-USDT
Lighter ARB
Aevo ARB-PERP
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
SoDEX ARB-USD
HTX ARB-USDT
RISEx ARB/USDC
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP