Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Phemex against Pacifica−0.191%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$670.668% of the position

Long on Pacifica Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.112%−$11 on $10k

Price spread, last 3 days (all we have)+0.770%+$77 · spread now −0.191%, 7d avg +0.014%

Together, before fees+0.658%+ Points / potential airdropPacifica: Active · farm board+$66 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.205% cheaper against Pacifica than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica ARB	0.2223	0.0100	pay 0.0013% / 1h	20m 56s	$42K	$186K	10x
Short	Phemex ARBUSDT	0.2219	0.0100	get 0.0100% / 8h	6h 20m	$5.0M	$13.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Pacifica. 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 PacificabpFee PhemexbpOrdersPrice spread, now −0.191%Rate

Funding earned: $0
Price spread: −0.191% → +0.014%: −$20.45
Slippage, 4 orders: −$46.81
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$87.27
Costs to cover: 0.668%
Break-even: never at this rate

Slippage from Pacifica: live order book, 47 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 Pacifica live order book, 47 min ago	8.82 bp	16.1 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	6.74 bp	16.8 bp −$17	31.6 bp −$316	doesn't fit	doesn't fit

ARB on 35 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	−0.1692%	1h	0.2215	−0.371%	$40K	$372K	12x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0291%	1h	0.2217	−0.263%	$24K	$34K	25x	as long as short
01 Exchange ARBUSD	−0.0232%	1h	0.2221	−0.083%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0229%	1h	0.2218	−0.254%	$10K	$2.5M	5x	as long as short
Variational Omni ARB	−0.0167%	8h	0.2218	−0.247%	$1.9M	$2.9M	—	as long as short
MEXC ARB_USDT	−0.0124%	8h	0.2214	−0.411%	$39.3M	$60.2M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0123%	8h	0.2215	−0.389%	$22.4M	$156.5M	50x	as long as short
Gate ARB_USDT	−0.0072%	8h	0.2215	−0.393%	$5.4M	$19.9M	60x	as long as short
Orderly PERP_ARB_USDC	−0.0061%	8h	0.2218	−0.236%	$12K	$383K	10x	as long as short
Bybit ARBUSDT	−0.0054%	8h	0.2214	−0.398%	$56.7M	$128.6M	50x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDT	−0.0002%	8h	0.2215	−0.389%	$64.5M	$317.6M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2224	+0.030%	$66K	$5K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2214	−0.422%	$355K	$2.5M	25x	as long as short
ApeX Omni ARBUSDT	+0.0001%	1h	0.2225	+0.079%	$120K	$286K	50x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0011%	1h	0.2218	−0.217%	$10K	—	150x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2218	−0.225%	$141K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2218	−0.249%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2218	−0.254%	$38.7M	$51.8M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2218	−0.242%	$660K	$1.7M	20x	as long as short
Pacifica ARBlong	+0.0100%	1h	0.2223	long leg	$42K	$186K	10x
KuCoin ARBUSDTM	+0.0100%	8h	0.2217	−0.294%	$19.6M	$15.8M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2215	−0.371%	$21.2M	$36.4M	50x	as long as short
BingX ARB-USDC	+0.0100%	8h	0.2218	−0.218%	—	$6.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2222	−0.054%	$40K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2224	+0.018%	$474K	$3.7M	10x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2221	−0.078%	$74K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2222	−0.056%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2218	−0.236%	$298K	$996K	50x	as long as short
Phemex ARBUSDTshort	+0.0100%	8h	0.2219	−0.191%	$5.0M	$13.0M	50x
Coinbase International ARB-PERP-INTX	+0.0240%	1h	0.2217	−0.272%	$507K	$2.1M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2220	−0.141%	$829K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2219	−0.182%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0311%	1h	0.2219	−0.201%	$1.1M	$4.7M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2223	−0.027%	$480K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0542%	1h	0.2220	−0.159%	$1.0M	$2.9M	20x	as long as short