Funding you earn now, next payment 16:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.20 per $10,000 · paid last 24h −0.037%
Price spread now: Variational Omni against Phemex+0.124%7-day average −0.013% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.044%−$4 on $10k
+Price spread, last 4 days (all we have)−2.477%−$248 · spread now +0.124%, 7d avg −0.013%
=Together, before fees−2.521%+ Points / potential airdropVariational Omni: Active · farm board−$252 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Variational Omni is 0.137% dearer against Phemex than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.013%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ARBUSDT | 0.2207 | 0.0003 | pay 0.0003% / 8h | 6h 59m | $4.8M | $12.8M | 50x |
| Short | Variational Omni ARB | 0.2210 | 0.0024 | get 0.0024% / 8h | 6h 59m | $1.8M | $3.0M | — |
Phemex ARBUSDT
Variational Omni ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- $4.29
- Price spread: +0.124% → −0.013%
- $13.73
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $6.01
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Phemex: live order book, 5 min ago; Variational Omni: RFQ quote, 5 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 Phemex live order book, 5 min ago | 4.52 bp | 18.5 bp −$19 | 36.0 bp −$360 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 5 min ago | 4.51 bp | doesn't fit | 13.5 bp −$135 | 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 | −0.1631% | 1h | 0.2222 | +0.680% | $40K | $372K | 12x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0388% | 1h | 0.2206 | −0.027% | $1.1M | $4.3M | 50x | as long as short |
| 01 Exchange ARBUSD | −0.0288% | 1h | 0.2206 | −0.054% | $7K | $458 | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0249% | 1h | 0.2203 | −0.159% | $28K | $37K | 25x | as long as short |
| SoDEX ARB-USD | −0.0140% | 1h | 0.2204 | −0.140% | $9K | $2.2M | 5x | as long as short |
| OKX ARB-USDT-SWAP | −0.0117% | 8h | 0.2203 | −0.186% | $22.5M | $146.3M | 50x | as long as short |
| MEXC ARB_USDT | −0.0116% | 8h | 0.2204 | −0.118% | $43.5M | $62.6M | 200x | as long as short |
| Gate ARB_USDT | −0.0050% | 8h | 0.2204 | −0.122% | $5.4M | $17.6M | 60x | as long as short |
| Orderly PERP_ARB_USDC | −0.0033% | 8h | 0.2205 | −0.091% | $16K | $410K | 10x | as long as short |
| Bybit ARBUSDT | −0.0015% | 8h | 0.2203 | −0.159% | $54.1M | $124.3M | 50x | as long as short |
Injective ARB/USDC PERP
Kraken Futures PF_ARBUSD
01 Exchange ARBUSD
Deribit ARB_USDC-PERPETUAL
SoDEX ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Gate ARB_USDT
Orderly PERP_ARB_USDC
Bybit ARBUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2208 | +0.026% | $64K | $4K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2203 | −0.200% | $364K | $3.0M | 25x | as long as short |
| Phemex ARBUSDTlong | +0.0003% | 8h | 0.2207 | long leg | $4.8M | $12.8M | 50x | |
| Binance ARBUSDT | +0.0004% | 8h | 0.2205 | −0.109% | $63.9M | $297.6M | 75x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2211 | +0.181% | $73K | — | 150x | as long as short |
| BloFin ARB-USDT | +0.0021% | 8h | 0.2215 | +0.344% | $3.0M | $2.4M | 75x | as long as short |
| Variational Omni ARBshort | +0.0024% | 8h | 0.2210 | +0.124% | $1.8M | $3.0M | — | |
| BingX ARB-USDC | +0.0052% | 8h | 0.2204 | −0.140% | — | $6.5M | — | as long as short |
| Bitget ARBUSDT | +0.0056% | 8h | 0.2203 | −0.181% | $21.2M | $34.7M | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2205 | −0.106% | $140K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2207 | −0.014% | $1.2M | $5.5M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2209 | +0.077% | $35.9M | $51.7M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2206 | −0.027% | $633K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2208 | +0.063% | $44K | $144K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2206 | −0.063% | $19.2M | $13.9M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2215 | +0.351% | $40K | $468K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2216 | +0.407% | $474K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2215 | +0.362% | $120K | $290K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2207 | −0.009% | $74K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2210 | +0.136% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2208 | +0.032% | $296K | $826K | 50x | as long as short |
| RISEx ARB/USDC | +0.0198% | 1h | 0.2206 | −0.029% | $544K | $2.6M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0159% | 1h | 0.2216 | +0.398% | $838K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0288% | 1h | 0.2204 | −0.120% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0296% | 1h | 0.2212 | +0.204% | $988K | $2.8M | 20x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0408% | 1h | 0.2221 | +0.652% | $532K | $1.5M | 50x | as long as short |
dYdX ARB-USD
Extended ARB-USD
Binance ARBUSDT
gTrade (Gains Network) ARB/USD
BloFin ARB-USDT
BingX ARB-USDC
Bitget ARBUSDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP
Coinbase International ARB-PERP-INTX