Funding you earn now, next payment 08:00 UTC+0.0097%/8h= +10.6% APRnext payment +$0.97 per $10,000 · paid last 24h +0.007%
Price spread now: BloFin against Phemex+0.018%59s7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as 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−$530.534% of the position
Funding, last 7 days+0.144%+$14 on $10k
+Price spread, last 4 days (all we have)−0.155%−$15 · spread now +0.018%, 7d avg −0.013%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BloFin is 0.031% dearer against Phemex than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.013%. The two prices were read 59 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 | Phemex ARBUSDT | 0.2205 | 0.0100 | pay 0.0100% / 8h | 1h 29m | $4.9M | $12.8M | 50x |
| Short | BloFin ARB-USDT | 0.2205 | 0.0197 | get 0.0197% / 8h | 1h 29m | $3.1M | $2.3M | 75x |
Phemex ARBUSDT
BloFin ARB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $20.33
- Price spread: +0.018% → −0.013%
- $3.15
- Slippage, 4 orders
- −$29.37
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$29.89
- Costs to cover
- 0.534%
- Break-even
- 17.3 days
Slippage from Phemex: live order book, 4 min ago; BloFin: 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 Phemex live order book, 4 min ago | 6.81 bp | 12.8 bp −$13 | 22.1 bp −$221 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 0.23 bp | 8.9 bp −$9 | 14.2 bp −$142 | 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 PERP | −0.1592% | 1h | 0.2191 | −0.635% | $40K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0216% | 1h | 0.2204 | −0.036% | $67K | $2.1M | 10x | as long as short |
| 01 Exchange ARBUSD | −0.0104% | 1h | 0.2203 | −0.082% | $7K | $236 | 10x | as long as short |
| SoDEX ARB-USD | −0.0098% | 1h | 0.2205 | +0.018% | $9K | $2.2M | 5x | as long as short |
| OKX ARB-USDT-SWAP | −0.0080% | 8h | 0.2204 | −0.054% | $22.1M | $145.9M | 50x | as long as short |
| MEXC ARB_USDT | −0.0080% | 8h | 0.2205 | +0.018% | $41.9M | $61.8M | 200x | as long as short |
| Variational Omni ARB | −0.0056% | 8h | 0.2205 | −0.002% | $1.8M | $3.0M | — | as long as short |
| Orderly PERP_ARB_USDC | −0.0042% | 8h | 0.2205 | 0.000% | $12K | $406K | 10x | as long as short |
| Bybit ARBUSDT | −0.0016% | 8h | 0.2205 | −0.023% | $54.1M | $126.5M | 50x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2206 | +0.037% | $65K | $5K | 10x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
01 Exchange ARBUSD
SoDEX ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Variational Omni ARB
Orderly PERP_ARB_USDC
Bybit ARBUSDT
dYdX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2206 | +0.032% | $28K | $38K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2206 | +0.049% | $44K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0037% | 8h | 0.2205 | +0.009% | $5.4M | $18.4M | 60x | as long as short |
| RISEx ARB/USDC | +0.0056% | 1h | 0.2205 | −0.018% | $475K | $2.6M | 10x | as long as short |
| Bitget ARBUSDT | +0.0060% | 8h | 0.2205 | 0.000% | $21.2M | $34.8M | 50x | as long as short |
| Binance ARBUSDT | +0.0076% | 8h | 0.2204 | −0.027% | $62.9M | $301.9M | 75x | as long as short |
| Extended ARB-USD | +0.0080% | 1h | 0.2204 | −0.046% | $352K | $2.8M | 25x | as long as short |
| BingX ARB-USDT | +0.0083% | 8h | 0.2204 | −0.036% | — | $53.1M | — | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2205 | −0.014% | $1.2M | $5.5M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2207 | +0.068% | $37.2M | $49.5M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2207 | +0.071% | $633K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2204 | −0.028% | $43K | $149K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2205 | −0.005% | $19.6M | $14.3M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2202 | −0.133% | $39K | $464K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2204 | −0.045% | $479K | $3.7M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2204 | −0.045% | $119K | $281K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2204 | −0.045% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2206 | +0.045% | $295K | $867K | 50x | as long as short |
| Phemex ARBUSDTlong | +0.0100% | 8h | 0.2205 | long leg | $4.9M | $12.8M | 50x | |
| Aevo ARB-PERP | +0.0104% | 1h | 0.2206 | +0.035% | $140K | $7K | 3x | as long as short |
| BloFin ARB-USDTshort | +0.0197% | 8h | 0.2205 | +0.018% | $3.1M | $2.3M | 75x | |
| Kraken Futures PF_ARBUSD | +0.0231% | 1h | 0.2207 | +0.103% | $1.1M | $4.5M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2206 | +0.060% | $833K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2208 | +0.150% | $526K | $1.6M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2204 | −0.042% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0623% | 1h | 0.2209 | +0.200% | $992K | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
RISEx ARB/USDC
Bitget ARBUSDT
Binance ARBUSDT
Extended ARB-USD
BingX ARB-USDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Aevo ARB-PERP
Kraken Futures PF_ARBUSD
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP