Funding you earn now, next payment 05:00 UTC+0.1689%/8h= +184.9% APRpaid last 24h +0.511%
Price spread now: Phemex against Injective+0.551%65s7-day average +0.439% · you sell dearer than you buy
Net, funding: paid 7d − costs+$219as 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−$1291.289% of the position
Funding, last 7 days+3.484%+$348 on $10k
+Price spread, last 4 days (all we have)−0.162%−$16 · spread now +0.551%, 7d avg +0.439%
=Both sides work for this trade now. Funding pays +$51 a day on $10k at the current rate, and Phemex is 0.112% dearer against Injective than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.439%. The two prices were read 65 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 | Injective ARB/USDC PERP | 0.2178 | −0.1589 | get 0.0199% / 1h | 25m 37s | $39K | $372K | 12x |
| Short | Phemex ARBUSDT | 0.2190 | 0.0100 | get 0.0100% / 8h | 3h 25m | $4.9M | $12.8M | 50x |
Injective ARB/USDC PERP
Phemex ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Injective. 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
- $354.64
- Price spread: +0.551% → +0.439%
- $11.19
- Slippage, 4 orders
- −$116.91
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $236.89
- Costs to cover
- 1.289%
- Break-even
- 2.3 days
Slippage from Injective: live order book, 28 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 Injective live order book, 28 min ago | 52.31 bp | 52.3 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 4.56 bp | 13.7 bp −$14 | 23.9 bp −$239 | 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 PERPlong | −0.1589% | 1h | 0.2178 | long leg | $39K | $372K | 12x | |
| Polymarket Perps ARB-USD | −0.0174% | 1h | 0.2189 | +0.496% | $69K | $2.1M | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0101% | 8h | 0.2191 | +0.597% | $22.1M | $142.3M | 50x | as long as short |
| MEXC ARB_USDT | −0.0101% | 8h | 0.2190 | +0.569% | $41.7M | $60.6M | 200x | as long as short |
| Variational Omni ARB | −0.0099% | 8h | 0.2188 | +0.470% | $1.8M | $3.0M | — | as long as short |
| Orderly PERP_ARB_USDC | −0.0068% | 8h | 0.2190 | +0.551% | $13K | $408K | 10x | as long as short |
| Bybit ARBUSDT | −0.0061% | 8h | 0.2190 | +0.551% | $55.4M | $123.3M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0050% | 1h | 0.2191 | +0.581% | $1.1M | $4.4M | 50x | as long as short |
| Gate ARB_USDT | −0.0012% | 8h | 0.2191 | +0.592% | $5.3M | $18.1M | 60x | as long as short |
| 01 Exchange ARBUSD | −0.0008% | 1h | 0.2190 | +0.574% | $7K | $2K | 10x | as long as short |
Polymarket Perps ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Variational Omni ARB
Orderly PERP_ARB_USDC
Bybit ARBUSDT
Kraken Futures PF_ARBUSD
Gate ARB_USDT
01 Exchange ARBUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2191 | +0.578% | $65K | $5K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2191 | +0.583% | $24K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2190 | +0.559% | $32K | — | 150x | as long as short |
| Extended ARB-USD | +0.0040% | 1h | 0.2188 | +0.466% | $349K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0042% | 8h | 0.2191 | +0.612% | $63.8M | $299.4M | 75x | as long as short |
| Bitget ARBUSDT | +0.0053% | 8h | 0.2189 | +0.505% | $20.8M | $33.8M | 50x | as long as short |
| BingX ARB-USDT | +0.0056% | 8h | 0.2190 | +0.537% | — | $53.6M | — | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2191 | +0.579% | $1.3M | $5.5M | 15x | as long as short |
| Aevo ARB-PERP | +0.0096% | 1h | 0.2191 | +0.596% | $139K | $7K | 3x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2192 | +0.652% | $37.4M | $48.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2191 | +0.607% | $631K | $1.5M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2191 | +0.593% | $42K | $159K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2192 | +0.629% | $19.5M | $14.6M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2194 | +0.747% | $39K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2194 | +0.735% | $472K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2198 | +0.918% | $119K | $283K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2193 | +0.689% | $2K | $1.1M | 30x | as long as short |
| SoDEX ARB-USD | +0.0100% | 1h | 0.2190 | +0.546% | $10K | $2.2M | 5x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2189 | +0.500% | $297K | $882K | 50x | as long as short |
| Phemex ARBUSDTshort | +0.0100% | 8h | 0.2190 | +0.551% | $4.9M | $12.8M | 50x | |
| RISEx ARB/USDC | +0.0118% | 1h | 0.2190 | +0.569% | $470K | $2.6M | 10x | as long as short |
| BloFin ARB-USDT | +0.0165% | 8h | 0.2188 | +0.450% | $3.1M | $2.5M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0256% | 1h | 0.2191 | +0.597% | $494K | $1.6M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2191 | +0.574% | $826K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2188 | +0.441% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0542% | 1h | 0.2193 | +0.689% | $986K | $2.8M | 20x | as long as short |
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Binance ARBUSDT
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