Funding you earn now, next payment 21:00 UTC+0.0149%/8h= +16.3% APRpaid last 24h −0.023%
Price spread now: Phoenix against Bitget+0.050%99s7-day average −0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as 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−$670.675% of the position
Funding, last 7 days+0.025%+$2 on $10k
+Price spread, last 3 days (all we have)−0.059%−$6 · spread now +0.050%, 7d avg −0.029%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Phoenix is 0.079% dearer against Bitget than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.029%. The two prices were read 99 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 | Bitget ARMUSDT | 322.88 | 0 | get 0.0000% / 8h | 2h 33m | $1.7M | $4.2M | 20x |
| Short | Phoenix ARM | 323.04 | 0.0149 | get 0.0019% / 1h | 33m 49s | $5K | $460K | 10x |
Bitget ARMUSDT
Phoenix ARMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Bitget. 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
- $31.27
- Price spread: +0.050% → −0.029%
- $7.85
- Slippage, 4 orders
- −$48.49
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$28.37
- Costs to cover
- 0.675%
- Break-even
- 13.4 days
Slippage from Bitget: live order book, 4 min ago; Phoenix: live order book, 53 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 Bitget live order book, 4 min ago | 3.71 bp | 15.0 bp −$15 | 24.3 bp −$243 | 60.0 bp −$5,999 | doesn't fit |
| Sell Phoenix live order book, 53 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ARMUSDT | 0.0000% | 8h | 322.52 | −0.111% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 322.87 | −0.002% | $39K | $188K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 322.92 | +0.011% | $8.5M | $51.0M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 322.85 | −0.009% | $2.0M | $2.6M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 322.71 | −0.053% | $1.6M | $6.7M | 20x | as long as short |
| Gate ARM_USDT | 0.0000% | 8h | 322.98 | +0.031% | $1.5M | $4.0M | 50x | as long as short |
| Bitget ARMUSDTlong | 0.0000% | 8h | 322.88 | long leg | $1.7M | $4.2M | 20x | |
| Variational Omni ARM | 0.0000% | 8h | 323.19 | +0.097% | $276K | $460K | — | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 323.03 | +0.047% | $359 | $215K | 10x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 322.60 | −0.087% | $971 | $3.2M | 10x | as long as short |
Aster 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 | 323.24 | +0.111% | $18K | $16K | 20x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0024% | 1h | 322.36 | −0.161% | $90K | $276K | 10x | as long as short |
| BloFin ARM-USDT | +0.0026% | 8h | 322.88 | 0.000% | $122K | $43K | 20x | as long as short |
| Lighter ARM | +0.0032% | 1h | 322.60 | −0.087% | — | — | 10x | as long as short |
| QFEX ARM-USD | +0.0035% | 1h | 322.79 | −0.028% | $1.1M | $4.6M | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 322.76 | −0.037% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 322.79 | −0.028% | $377K | $1.4M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 322.84 | −0.012% | $210K | $549K | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.0052% | 1h | 322.77 | −0.034% | $7.6M | $9.8M | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0100% | 8h | 323.16 | +0.087% | $2.3M | $117K | 20x | as long as short |
| Phoenix ARMshort | +0.0149% | 1h | 323.04 | +0.050% | $5K | $460K | 10x | |
| Injective ARM/USDC PERP | +0.0220% | 1h | 325.90 | +0.935% | $5K | $52K | 12x | as long as short |
| Deribit ARM_USDC-PERPETUAL | +0.0308% | 1h | 322.88 | 0.000% | $12K | $144K | 10x | as long as short |
| edgeX ARMUSDC | +0.0350% | 4h | 322.70 | −0.055% | $34K | $346K | 10x | as long as short |
HTX ARM-USDT
Coinbase International ARM-PERP-INTX
BloFin ARM-USDT
Lighter ARM
QFEX ARM-USD
Vest ARM-USD-PERP
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
tradeXYZ xyz:ARM
KuCoin ARMUSDTM
Injective ARM/USDC PERP
Deribit ARM_USDC-PERPETUAL
edgeX ARMUSDC