Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against SunX−0.221%7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$194as in the Funding arb table
Net, price: spread back to 7d avg − costs−$197as in the Price arb table
costs, in and out, $10k−$1821.823% of the position
Funding, last 7 days−0.116%−$12 on $10k
+Price spread, last 3 days (all we have)+0.198%+$20 · spread now −0.221%, 7d avg −0.077%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.143% cheaper against SunX than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.077%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX ARB-USDT | 0.2265 | 0.0100 | pay 0.0100% / 8h | 22m 45s | $2K | $1.1M | 30x |
| Short | Phemex ARBUSDT | 0.2260 | 0.0100 | get 0.0100% / 8h | 22m 45s | $5.2M | $13.1M | 50x |
SunX ARB-USDT
Phemex ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against SunX. 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
- $0
- Price spread: −0.221% → −0.077%
- −$14.34
- Slippage, 4 orders
- −$162.28
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$196.62
- Costs to cover
- 1.823%
- Break-even
- never at this rate
Slippage from SunX: live order book, 10 min ago; Phemex: live order book, 6 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 SunX live order book, 10 min ago | 30.66 bp | 60.2 bp −$60 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 6 min ago | 6.59 bp | 16.7 bp −$17 | 27.0 bp −$270 | 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 | −0.1785% | 1h | 0.2249 | −0.706% | $41K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0270% | 1h | 0.2259 | −0.283% | $70K | $2.0M | 10x | as long as short |
| Variational Omni ARB | −0.0183% | 8h | 0.2274 | +0.388% | $2.0M | $2.8M | — | as long as short |
| 01 Exchange ARBUSD | −0.0176% | 1h | 0.2258 | −0.331% | $7K | $2K | 10x | as long as short |
| Bybit ARBUSDT | −0.0160% | 8h | 0.2264 | −0.026% | $58.5M | $128.4M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0109% | 8h | 0.2266 | +0.040% | $22.8M | $159.7M | 50x | as long as short |
| MEXC ARB_USDT | −0.0109% | 8h | 0.2265 | 0.000% | $38.0M | $59.9M | 200x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0104% | 1h | 0.2262 | −0.124% | $26K | $32K | 25x | as long as short |
| SoDEX ARB-USD | −0.0067% | 1h | 0.2262 | −0.141% | $4K | $2.6M | 5x | as long as short |
| Orderly PERP_ARB_USDC | −0.0038% | 8h | 0.2261 | −0.177% | $13K | $395K | 10x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
Variational Omni ARB
01 Exchange ARBUSD
Bybit ARBUSDT
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Deribit ARB_USDC-PERPETUAL
SoDEX ARB-USD
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2266 | +0.022% | $67K | $4K | 10x | as long as short |
| Gate ARB_USDT | +0.0003% | 8h | 0.2261 | −0.185% | $5.4M | $20.3M | 60x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2262 | −0.115% | $55K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0014% | 8h | 0.2265 | −0.022% | $66.5M | $313.8M | 75x | as long as short |
| Extended ARB-USD | +0.0016% | 1h | 0.2260 | −0.216% | $359K | $2.3M | 25x | as long as short |
| BloFin ARB-USDT | +0.0058% | 8h | 0.2262 | −0.141% | $3.2M | $2.8M | 75x | as long as short |
| Bitget ARBUSDT | +0.0062% | 8h | 0.2260 | −0.221% | $21.3M | $36.0M | 50x | as long as short |
| BingX ARB-USDT | +0.0065% | 8h | 0.2261 | −0.190% | — | $53.9M | — | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2263 | −0.095% | $148K | $12K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2266 | +0.044% | $1.4M | $7.5M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2263 | −0.071% | $40.7M | $47.5M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2262 | −0.118% | $705K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2265 | +0.016% | $48K | $184K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2266 | +0.026% | $19.7M | $16.1M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2268 | +0.117% | $40K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2274 | +0.398% | $486K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2267 | +0.088% | $122K | $296K | 50x | as long as short |
| SunX ARB-USDTlong | +0.0100% | 8h | 0.2265 | long leg | $2K | $1.1M | 30x | |
| HTX ARB-USDT | +0.0100% | 8h | 0.2261 | −0.172% | $288K | $1.1M | 50x | as long as short |
| Phemex ARBUSDTshort | +0.0100% | 8h | 0.2260 | −0.221% | $5.2M | $13.1M | 50x | |
| Coinbase International ARB-PERP-INTX | +0.0216% | 1h | 0.2255 | −0.442% | $508K | $2.3M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0236% | 1h | 0.2264 | −0.024% | $1.1M | $4.9M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2258 | −0.288% | $2K | $695 | 20x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0296% / S −0.0186% | 1h | 0.2262 | −0.112% | $924K | — | 150x | as long as short |
| RISEx ARB/USDC | +0.0330% | 1h | 0.2260 | −0.221% | $513K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0466% | 1h | 0.2266 | +0.040% | $1.0M | $2.9M | 20x | as long as short |
dYdX ARB-USD
Gate ARB_USDT
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
BloFin ARB-USDT
Bitget ARBUSDT
BingX ARB-USDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
HTX ARB-USDT
Coinbase International ARB-PERP-INTX
Kraken Futures PF_ARBUSD
Reya ARBRUSDPERP
GMX ARB/USD [ARB-USDC]
RISEx ARB/USDC
Backpack ARB_USDC_PERP