Funding you earn now, next payment 07:00 UTC+0.0120%/8h= +13.1% APRnext payment +$0.15 per $10,000 · paid last 24h +0.033%
Price spread now: Phoenix against Coinbase International+0.949%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs+$33as in the Price arb table
costs, in and out, $10k−$600.597% of the position
Funding, last 7 days+0.031%+$3 on $10k
+Price spread, last 4 days (all we have)−0.846%−$85 · spread now +0.949%, 7d avg +0.019%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Phoenix is 0.930% dearer against Coinbase International than usual: you sell high and buy low: +$93 more if the spread goes back to its 7-day average of +0.019%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ARM-PERP-INTX | 318.25 | 0.0104 | pay 0.0013% / 1h | 54m 44s | $98K | $278K | 10x |
| Short | Phoenix ARM | 321.27 | 0.0224 | get 0.0028% / 1h | 54m 44s | $5K | $414K | 10x |
Coinbase International ARM-PERP-INTX
Phoenix ARMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Coinbase International. 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
- $25.19
- Price spread: +0.949% → +0.019%
- $93.04
- Slippage, 4 orders
- −$42.71
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $58.52
- Costs to cover
- 0.597%
- Break-even
- from the start
Slippage from Coinbase International: live order book, 43 min ago; Phoenix: live order book, 43 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 Coinbase International live order book, 43 min ago | 4.81 bp | 10.8 bp −$11 | 16.7 bp −$167 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 43 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 | +0.973% | $373 | $237K | 10x | as long as short |
| edgeX ARMUSDC | −0.0576% | 4h | 320.83 | +0.809% | $35K | $356K | 10x | as long as short |
| Bitget ARMUSDT | −0.0425% | 8h | 317.26 | −0.311% | $1.7M | $3.9M | 20x | as long as short |
| Bybit ARMUSDT | −0.0283% | 8h | 317.32 | −0.292% | $1.9M | $2.1M | 25x | as long as short |
| Deribit ARM_USDC-PERPETUAL | −0.0254% | 1h | 317.59 | −0.207% | $12K | $56K | 10x | as long as short |
| BloFin ARM-USDT | −0.0027% | 8h | 318.45 | +0.063% | $122K | $52K | 20x | as long as short |
| HTX ARM-USDT | −0.0025% | 8h | 319.77 | +0.478% | $18K | $14K | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 318.14 | −0.034% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 317.23 | −0.320% | $31K | $320K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 317.24 | −0.317% | $8.2M | $49.7M | 20x | as long as short |
GRVT ARM_USDT_Perp
edgeX ARMUSDC
Bitget ARMUSDT
Bybit ARMUSDT
Deribit ARM_USDC-PERPETUAL
BloFin ARM-USDT
HTX ARM-USDT
Aster ARMUSDT
Extended ARM-USD
Binance ARMUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 317.16 | −0.342% | $1.6M | $6.4M | 20x | as long as short |
| Gate ARM_USDT | 0.0000% | 8h | 317.62 | −0.198% | $1.4M | $4.0M | 50x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 320.29 | +0.642% | $187K | $252K | — | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 318.87 | +0.195% | $1K | $2.3M | 10x | as long as short |
| QFEX ARM-USD | +0.0020% | 1h | 318.81 | +0.176% | $1.1M | $3.4M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 317.53 | −0.226% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 319.21 | +0.302% | — | — | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.0050% | 1h | 317.27 | −0.308% | $8.1M | $8.6M | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 319.10 | +0.267% | $369K | $1.2M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 321.26 | +0.946% | $185K | $427K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0100% | 8h | 318.35 | +0.031% | $2.3M | $130K | 20x | as long as short |
| Coinbase International ARM-PERP-INTXlong | +0.0104% | 1h | 318.25 | long leg | $98K | $278K | 10x | |
| Injective ARM/USDC PERP | +0.0220% | 1h | 324.70 | +2.027% | $5K | $44K | 12x | as long as short |
| Phoenix ARMshort | +0.0224% | 1h | 321.27 | +0.949% | $5K | $414K | 10x |
OKX ARM-USDT-SWAP
Gate ARM_USDT
Variational Omni ARM
SunX 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
Injective ARM/USDC PERP