Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0093%/8h= +10.2% APRpaid last 24h +0.028%

Price spread now: Phemex against gTrade (Gains Network)−0.066%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Phemex is 0.066% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.066% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.4 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ARB/USD	0.2193	L +0.0005% / S −0.0006%	pay 0.0001% / 1h	40m 12s	$32K	—	150x
Short	Phemex ARBUSDT	0.2192	0.0097	get 0.0097% / 8h	4h 40m	$4.9M	$12.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee PhemexbpOrdersPrice spread, now −0.066%Rate

Funding earned: $19.49
Price spread: −0.066% → 0.000%: −$6.61
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$9.12
Costs to cover: 0.220%
Break-even: 10.3 days

Slippage unknown: gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Phemex live order book, 4 min ago	6.82 bp	16.8 bp −$17	30.8 bp −$308	doesn't fit	doesn't fit

gTrade (Gains Network): 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	−0.1649%	1h	0.2189	−0.203%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0176%	1h	0.2194	+0.007%	$7K	$2K	10x	as long as short
Polymarket Perps ARB-USD	−0.0152%	1h	0.2193	−0.025%	$91K	$2.2M	10x	as long as short
OKX ARB-USDT-SWAP	−0.0134%	8h	0.2190	−0.134%	$22.1M	$147.3M	50x	as long as short
MEXC ARB_USDT	−0.0134%	8h	0.2191	−0.121%	$40.3M	$59.7M	200x	as long as short
Variational Omni ARB	−0.0115%	8h	0.2194	+0.027%	$1.8M	$2.9M	—	as long as short
Gate ARB_USDT	−0.0099%	8h	0.2192	−0.089%	$5.3M	$18.7M	60x	as long as short
Orderly PERP_ARB_USDC	−0.0077%	8h	0.2193	−0.021%	$12K	$390K	10x	as long as short
Bybit ARBUSDT	−0.0045%	8h	0.2190	−0.144%	$55.5M	$126.1M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0006%	1h	0.2193	−0.018%	$1.1M	$4.4M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2196	+0.121%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2193	−0.002%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USDlong	L +0.0005% / S −0.0006%	1h	0.2193	long leg	$32K	—	150x
Extended ARB-USD	+0.0008%	1h	0.2191	−0.108%	$350K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0008%	8h	0.2191	−0.113%	$63.9M	$306.5M	75x	as long as short
BloFin ARB-USDT	+0.0034%	8h	0.2195	+0.071%	$3.1M	$2.6M	75x	as long as short
SoDEX ARB-USD	+0.0047%	1h	0.2192	−0.080%	$10K	$2.3M	5x	as long as short
Bitget ARBUSDT	+0.0064%	8h	0.2190	−0.157%	$20.8M	$34.6M	50x	as long as short
BingX ARB-USDT	+0.0064%	8h	0.2191	−0.116%	—	$53.7M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2194	+0.008%	$139K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2191	−0.107%	$1.2M	$5.7M	15x	as long as short
Phemex ARBUSDTshort	+0.0097%	8h	0.2192	−0.066%	$4.9M	$12.8M	50x
Hyperliquid ARB	+0.0100%	1h	0.2192	−0.052%	$37.9M	$48.8M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2196	+0.107%	$633K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2195	+0.089%	$43K	$169K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2192	−0.084%	$19.4M	$15.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2199	+0.241%	$40K	$460K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2201	+0.343%	$469K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2200	+0.299%	$120K	$284K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2198	+0.207%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2193	−0.025%	$298K	$952K	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2197	+0.162%	$491K	$1.9M	50x	as long as short
RISEx ARB/USDC	+0.0225%	1h	0.2195	+0.084%	$475K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2194	+0.014%	$819K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2192	−0.046%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0593%	1h	0.2195	+0.048%	$991K	$2.8M	20x	as long as short