Funding you earn now, next payment 11:00 UTC+0.0038%/8h= +4.1% APRpaid last 24h −0.003%
Price spread now: Aevo against Phemex+0.046%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$154as in the Funding arb table
Net, price: spread back to 7d avg − costs−$162as in the Price arb table
costs, in and out, $10k−$1631.629% of the position
Funding, last 7 days+0.090%+$9 on $10k
+Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.046%, 7d avg +0.038%
=The price spread sits at its 7-day average of +0.038%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ARBUSDT | 0.2187 | 0.0034 | pay 0.0034% / 8h | 5h 53m | $4.7M | $12.6M | 50x |
| Short | Aevo ARB-PERP | 0.2188 | 0.0072 | get 0.0009% / 1h | 53m 00s | $139K | $7K | 3x |
Phemex ARBUSDT
Aevo ARB-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Phemex. 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
- $7.88
- Price spread: +0.046% → +0.038%
- $0.73
- Slippage, 4 orders
- −$134.91
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$154.3
- Costs to cover
- 1.629%
- Break-even
- 144.1 days
Slippage from Phemex: live order book, 4 min ago; Aevo: live order book, 58 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 Phemex live order book, 4 min ago | 2.28 bp | 12.1 bp −$12 | 25.6 bp −$256 | doesn't fit | doesn't fit |
| Sell Aevo live order book, 58 min ago | 32.04 bp | 75.2 bp −$75 | doesn't fit | doesn't fit | doesn't fit |
ARB on 36 exchanges
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 | −0.1736% | 1h | 0.2177 | −0.457% | $39K | $372K | 12x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0230% | 1h | 0.2188 | +0.029% | $1.1M | $4.2M | 50x | as long as short |
| Bybit ARBUSDT | −0.0197% | 8h | 0.2185 | −0.078% | $53.8M | $122.3M | 50x | as long as short |
| SoDEX ARB-USD | −0.0175% | 1h | 0.2187 | −0.023% | $9K | $2.2M | 5x | as long as short |
| OKX ARB-USDT-SWAP | −0.0143% | 8h | 0.2186 | −0.064% | $22.8M | $142.6M | 50x | as long as short |
| MEXC ARB_USDT | −0.0141% | 8h | 0.2185 | −0.091% | $44.2M | $61.0M | 200x | as long as short |
| 01 Exchange ARBUSD | −0.0128% | 1h | 0.2188 | +0.027% | $7K | $414 | 10x | as long as short |
| Binance ARBUSDT | −0.0035% | 8h | 0.2187 | +0.002% | $64.0M | $289.2M | 75x | as long as short |
| Extended ARB-USD | −0.0032% | 1h | 0.2185 | −0.110% | $359K | $3.0M | 25x | as long as short |
| Variational Omni ARB | −0.0030% | 8h | 0.2186 | −0.041% | $1.8M | $2.6M | — | as long as short |
Injective ARB/USDC PERP
Kraken Futures PF_ARBUSD
Bybit ARBUSDT
SoDEX ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
01 Exchange ARBUSD
Binance ARBUSDT
Extended ARB-USD
Variational Omni ARBShow all 36 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | −0.0024% | 1h | 0.2188 | +0.032% | $29K | $36K | 25x | as long as short |
| Orderly PERP_ARB_USDC | −0.0019% | 8h | 0.2187 | 0.000% | $16K | $408K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2188 | +0.034% | $64K | $3K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2188 | +0.057% | $73K | — | 150x | as long as short |
| Polymarket Perps ARB-USD | +0.0025% | 1h | 0.2187 | +0.005% | $73K | $1.9M | 10x | as long as short |
| Gate ARB_USDT | +0.0029% | 8h | 0.2187 | +0.005% | $5.4M | $16.3M | 60x | as long as short |
| Phemex ARBUSDTlong | +0.0034% | 8h | 0.2187 | long leg | $4.7M | $12.6M | 50x | |
| Aevo ARB-PERPshort | +0.0072% | 1h | 0.2188 | +0.046% | $139K | $7K | 3x | |
| BloFin ARB-USDT | +0.0086% | 8h | 0.2187 | +0.014% | $3.0M | $2.1M | 75x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2189 | +0.073% | $1.3M | $5.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2189 | +0.087% | $35.6M | $49.5M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2187 | +0.009% | $626K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2189 | +0.085% | $42K | $143K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2188 | +0.032% | $19.0M | $13.4M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2187 | 0.000% | $21.0M | $33.6M | 50x | as long as short |
| BingX ARB-USDC | +0.0100% | 8h | 0.2184 | −0.123% | — | $6.5M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2188 | +0.057% | $40K | $464K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2188 | +0.043% | $469K | $3.3M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2186 | −0.046% | $118K | $311K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2190 | +0.137% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2187 | +0.014% | $296K | $816K | 50x | as long as short |
| Backpack ARB_USDC_PERP | +0.0146% | 1h | 0.2190 | +0.119% | $975K | $2.7M | 20x | as long as short |
| RISEx ARB/USDC | +0.0271% | 1h | 0.2189 | +0.072% | $543K | $2.4M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0282% / S −0.0166% | 1h | 0.2188 | +0.040% | $847K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0288% | 1h | 0.2187 | −0.017% | $2K | $695 | 20x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0424% | 1h | 0.2196 | +0.393% | $524K | $1.4M | 50x | as long as short |
Deribit ARB_USDC-PERPETUAL
Orderly PERP_ARB_USDC
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Polymarket Perps ARB-USD
Gate ARB_USDT
BloFin ARB-USDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDC
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Backpack ARB_USDC_PERP
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Coinbase International ARB-PERP-INTX