Funding you earn now, next payment 05:00 UTC+0.0108%/8h= +11.8% APRpaid last 24h +0.008%
Price spread now: Phemex against 01 Exchange+0.055%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phemex is 0.055% dearer against 01 Exchange than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange ARBUSD | 0.2189 | −0.0008 | get 0.0001% / 1h | 24m 19s | $7K | $2K | 10x |
| Short | Phemex ARBUSDT | 0.2190 | 0.0100 | get 0.0100% / 8h | 3h 24m | $4.9M | $12.8M | 50x |
01 Exchange ARBUSD
Phemex ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against 01 Exchange. 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
- $22.68
- Price spread: +0.055% → 0.000%
- $5.48
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $9.16
- Costs to cover
- 0.190%
- Break-even
- 4.2 days
Slippage unknown: 01 Exchange: no order-book sample; Phemex: live order book, 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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 5 min ago | 4.56 bp | 13.7 bp −$14 | 23.9 bp −$239 | doesn't fit | doesn't fit |
01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.1589% | 1h | 0.2181 | −0.356% | $39K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0179% | 1h | 0.2186 | −0.137% | $69K | $2.1M | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0104% | 8h | 0.2186 | −0.142% | $22.0M | $142.0M | 50x | as long as short |
| MEXC ARB_USDT | −0.0101% | 8h | 0.2186 | −0.119% | $41.6M | $60.6M | 200x | as long as short |
| Variational Omni ARB | −0.0099% | 8h | 0.2188 | −0.025% | $1.8M | $3.0M | — | as long as short |
| Orderly PERP_ARB_USDC | −0.0067% | 8h | 0.2187 | −0.082% | $13K | $407K | 10x | as long as short |
| Bybit ARBUSDT | −0.0061% | 8h | 0.2185 | −0.169% | $55.3M | $123.4M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0050% | 1h | 0.2186 | −0.124% | $1.0M | $4.4M | 50x | as long as short |
| Gate ARB_USDT | −0.0010% | 8h | 0.2187 | −0.087% | $5.3M | $18.1M | 60x | as long as short |
| 01 Exchange ARBUSDlong | −0.0008% | 1h | 0.2189 | long leg | $7K | $2K | 10x |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Variational Omni ARB
Orderly PERP_ARB_USDC
Bybit ARBUSDT
Kraken Futures PF_ARBUSD
Gate ARB_USDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2191 | +0.081% | $65K | $5K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2186 | −0.110% | $24K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2187 | −0.091% | $44K | — | 150x | as long as short |
| Extended ARB-USD | +0.0040% | 1h | 0.2185 | −0.186% | $349K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0044% | 8h | 0.2187 | −0.079% | $63.7M | $299.1M | 75x | as long as short |
| Bitget ARBUSDT | +0.0053% | 8h | 0.2185 | −0.174% | $20.8M | $33.8M | 50x | as long as short |
| BingX ARB-USDC | +0.0056% | 8h | 0.2186 | −0.132% | — | $6.5M | — | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2189 | −0.005% | $1.3M | $5.5M | 15x | as long as short |
| Aevo ARB-PERP | +0.0096% | 1h | 0.2188 | −0.043% | $139K | $7K | 3x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2187 | −0.064% | $37.3M | $48.3M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2188 | −0.025% | $630K | $1.5M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2189 | +0.014% | $42K | $159K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2189 | +0.023% | $19.5M | $14.5M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2188 | −0.042% | $38K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2194 | +0.238% | $472K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2189 | +0.009% | $118K | $283K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2188 | −0.037% | $2K | $1.1M | 30x | as long as short |
| SoDEX ARB-USD | +0.0100% | 1h | 0.2185 | −0.155% | $10K | $2.2M | 5x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2190 | +0.064% | $297K | $882K | 50x | as long as short |
| Phemex ARBUSDTshort | +0.0100% | 8h | 0.2190 | +0.055% | $4.9M | $12.8M | 50x | |
| RISEx ARB/USDC | +0.0118% | 1h | 0.2189 | +0.005% | $468K | $2.6M | 10x | as long as short |
| BloFin ARB-USDT | +0.0162% | 8h | 0.2189 | +0.027% | $3.1M | $2.5M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0256% | 1h | 0.2194 | +0.238% | $494K | $1.6M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2187 | −0.072% | $825K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2185 | −0.177% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0547% | 1h | 0.2193 | +0.174% | $985K | $2.8M | 20x | as long as short |
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Binance ARBUSDT
Bitget ARBUSDT
BingX ARB-USDC
Lighter ARB
Aevo ARB-PERP
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
SoDEX ARB-USD
HTX ARB-USDT
RISEx ARB/USDC
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP