Funding you earn now, next payment 07:00 UTC+0.0224%/8h= +24.5% APRpaid last 24h −0.002%
Price spread now: Phoenix against Binance+0.219%65s7-day average −0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as 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−$610.607% of the position
Funding, last 7 days+0.182%+$18 on $10k
+Price spread, last 4 days (all we have)−2.586%−$259 · spread now +0.219%, 7d avg −0.050%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Phoenix is 0.269% dearer against Binance than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of −0.050%. The two prices were read 65 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 | Binance ARMUSDT | 320.57 | 0 | get 0.0000% / 8h | 7h 56m | $8.2M | $49.8M | 20x |
| Short | Phoenix ARM | 321.27 | 0.0224 | get 0.0028% / 1h | 56m 27s | $5K | $414K | 10x |
Binance ARMUSDT
Phoenix ARMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Binance. 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
- $47.03
- Price spread: +0.219% → −0.050%
- $26.92
- Slippage, 4 orders
- −$43.67
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $13.29
- Costs to cover
- 0.607%
- Break-even
- 5.0 days
Slippage from Binance: live order book, 16 min ago; Phoenix: live order book, 41 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 Binance live order book, 16 min ago | 1.09 bp | 12.5 bp −$13 | 31.5 bp −$315 | 113.3 bp −$11.3K | doesn't fit |
| Sell Phoenix live order book, 41 min ago | 6.52 bp | 19.0 bp −$19 | 40.9 bp −$409 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT ARM_USDT_Perp | −0.0879% | 8h | 321.35 | +0.243% | $373 | $237K | 10x | as long as short |
| Bitget ARMUSDT | −0.0420% | 8h | 320.60 | +0.010% | $1.7M | $3.9M | 20x | as long as short |
| edgeX ARMUSDC | −0.0250% | 4h | 321.31 | +0.231% | $35K | $356K | 10x | as long as short |
| Deribit ARM_USDC-PERPETUAL | −0.0248% | 1h | 320.92 | +0.110% | $12K | $57K | 10x | as long as short |
| BloFin ARM-USDT | −0.0012% | 8h | 320.71 | +0.044% | $123K | $52K | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 321.18 | +0.192% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 320.89 | +0.102% | $32K | $317K | 10x | as long as short |
| Binance ARMUSDTlong | 0.0000% | 8h | 320.57 | long leg | $8.2M | $49.8M | 20x | |
| Bybit ARMUSDT | 0.0000% | 8h | 320.48 | −0.028% | $1.9M | $2.1M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 320.26 | −0.096% | $1.6M | $6.5M | 20x | as long as short |
GRVT ARM_USDT_Perp
Bitget ARMUSDT
edgeX ARMUSDC
Deribit ARM_USDC-PERPETUAL
BloFin ARM-USDT
Aster ARMUSDT
Extended ARM-USD
Bybit ARMUSDT
OKX ARM-USDT-SWAPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ARM_USDT | 0.0000% | 8h | 320.68 | +0.035% | $1.4M | $4.0M | 50x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 321.72 | +0.358% | $187K | $252K | — | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 320.93 | +0.113% | $1K | $2.3M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 320.67 | +0.032% | $18K | $14K | 20x | as long as short |
| QFEX ARM-USD | +0.0020% | 1h | 320.42 | −0.046% | $1.1M | $3.4M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 320.79 | +0.069% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 320.65 | +0.025% | — | — | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.0050% | 1h | 320.20 | −0.115% | $8.2M | $8.7M | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 320.00 | −0.177% | $370K | $1.2M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 321.26 | +0.216% | $185K | $427K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0100% | 8h | 321.53 | +0.300% | $2.3M | $129K | 20x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0104% | 1h | 320.83 | +0.082% | $98K | $280K | 10x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 324.70 | +1.289% | $5K | $44K | 12x | as long as short |
| Phoenix ARMshort | +0.0224% | 1h | 321.27 | +0.219% | $5K | $414K | 10x |
Gate ARM_USDT
Variational Omni ARM
SunX ARM-USDT
HTX ARM-USDT
QFEX ARM-USD
Lighter ARM
Vest ARM-USD-PERP
tradeXYZ xyz:ARM
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
KuCoin ARMUSDTM
Coinbase International ARM-PERP-INTX
Injective ARM/USDC PERP