Funding you earn now, next payment 05:00 UTC+0.0200%/8h= +21.9% APRpaid last 24h +0.057%
Price spread now: Phoenix against Aster+0.011%95s7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$158as 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−$1871.870% of the position
Funding, last 7 days+0.293%+$29 on $10k
+Price spread, last 4 days (all we have)−0.011%−$1 · spread now +0.011%, 7d avg +0.035%
=Together, before fees+0.282%+ Points / potential airdropAster: Stage 5 · farm board+$28 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.024% cheaper against Aster than usual: you would sell low and buy high (spread +0.011% now, against its 7-day average of +0.035%). If the spread goes back, that is −$2 on $10k: about 9 hours of funding at the current rate (+$6 a day). The two prices were read 95 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 | Aster ARMUSDT | 318.90 | 0 | get 0.0000% / 8h | 2h 23m | $7K | $126K | 20x |
| Short | Phoenix ARM | 318.94 | 0.0200 | get 0.0025% / 1h | 23m 48s | $5K | $446K | 10x |
Aster ARMUSDT
Phoenix ARMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Aster. 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
- $41.96
- Price spread: +0.011% → +0.035%
- −$2.36
- Slippage, 4 orders
- −$172.02
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$147.42
- Costs to cover
- 1.870%
- Break-even
- 31.6 days
Slippage from Aster: live order book, 22 min ago; Phoenix: live order book, 24 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 Aster live order book, 22 min ago | 56.93 bp | 71.4 bp −$71 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 24 min ago | 6.51 bp | 18.9 bp −$19 | 40.8 bp −$408 | doesn't fit | doesn't fit |
ARM on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget ARMUSDT | −0.0863% | 8h | 319.18 | +0.087% | $1.8M | $4.0M | 20x | as long as short |
| Aster ARMUSDTlong | 0.0000% | 8h | 318.90 | long leg | $7K | $126K | 20x | |
| Extended ARM-USD | 0.0000% | 1h | 318.96 | +0.016% | $38K | $272K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 319.08 | +0.054% | $8.2M | $50.6M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 319.12 | +0.068% | $1.9M | $2.2M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 318.81 | −0.029% | $1.6M | $6.6M | 20x | as long as short |
| Gate ARM_USDT | 0.0000% | 8h | 319.17 | +0.083% | $1.4M | $4.4M | 50x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 318.99 | +0.026% | $184K | $297K | — | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 319.89 | +0.309% | $560 | $218K | 10x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 318.88 | −0.008% | $813 | $2.5M | 10x | as long as short |
Bitget ARMUSDT
Extended ARM-USD
Binance ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Gate ARM_USDT
Variational Omni ARM
GRVT ARM_USDT_Perp
SunX ARM-USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX ARM-USDT | 0.0000% | 8h | 318.85 | −0.017% | $18K | $17K | 20x | as long as short |
| QFEX ARM-USD | +0.0011% | 1h | 318.81 | −0.029% | $1.1M | $3.6M | 10x | as long as short |
| BloFin ARM-USDT | +0.0024% | 8h | 318.96 | +0.018% | $122K | $50K | 20x | as long as short |
| Lighter ARM | +0.0032% | 1h | 318.68 | −0.070% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 318.89 | −0.004% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 318.92 | +0.005% | $369K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 318.56 | −0.108% | $184K | $425K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0100% | 8h | 319.25 | +0.108% | $2.3M | $119K | 20x | as long as short |
| tradeXYZ xyz:ARM | +0.0151% | 1h | 318.86 | −0.014% | $8.0M | $8.7M | 10x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0176% | 1h | 320.61 | +0.535% | $100K | $304K | 10x | as long as short |
| Phoenix ARMshort | +0.0200% | 1h | 318.94 | +0.011% | $5K | $446K | 10x | |
| Injective ARM/USDC PERP | +0.0220% | 1h | 324.54 | +1.767% | $5K | $50K | 12x | as long as short |
| Deribit ARM_USDC-PERPETUAL | +0.0785% | 1h | 319.16 | +0.080% | $12K | $59K | 10x | as long as short |
| edgeX ARMUSDC | +0.0953% | 4h | 318.97 | +0.020% | $34K | $350K | 10x | as long as short |
HTX ARM-USDT
QFEX ARM-USD
BloFin ARM-USDT
Lighter ARM
Vest ARM-USD-PERP
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
KuCoin ARMUSDTM
tradeXYZ xyz:ARM
Coinbase International ARM-PERP-INTX
Injective ARM/USDC PERP
Deribit ARM_USDC-PERPETUAL
edgeX ARMUSDC