Funding you earn now, next payment 04:00 UTC−0.0657%/8h= −71.9% APRnext payment −$0.82 per $10,000 · paid last 24h −0.063%
Price spread now: Phoenix against Deribit+0.065%7-day average −0.015% · 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)−0.099%−$10 on $10k
+Price spread, last 4 days (all we have)+0.036%+$4 · spread now +0.065%, 7d avg −0.015%
=The price spread pays, funding is against you. Phoenix is 0.081% dearer against Deribit than usual: you sell high and buy low (spread +0.065% now, against its 7-day average of −0.015%): +$8 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 4 days (−0.099% in total) that is about 3.2 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.099% in total (about -9.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.82 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ARM_USDC-PERPETUAL | 320.98 | 0.0779 | pay 0.0097% / 1h | 2m 48s | $12K | $59K | 10x |
| Short | Phoenix ARM | 321.19 | 0.0123 | get 0.0015% / 1h | 2m 48s | $5K | $446K | 10x |
Deribit ARM_USDC-PERPETUAL
Phoenix ARMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Deribit. 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
- −$137.87
- Price spread: +0.065% → −0.015%
- $8.08
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$143.78
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Phoenix: live order book, 50 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 50 min ago | 6.47 bp | 18.8 bp −$19 | 40.7 bp −$407 | doesn't fit | doesn't fit |
Deribit: 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.
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 | −0.0473% | 8h | 320.63 | −0.109% | $1.8M | $3.9M | 20x | as long as short |
| edgeX ARMUSDC | −0.0125% | 4h | 321.08 | +0.030% | $34K | $350K | 10x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 321.00 | +0.006% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 320.42 | −0.174% | $38K | $262K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 320.53 | −0.140% | $8.2M | $50.8M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 320.57 | −0.128% | $1.9M | $2.2M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 320.33 | −0.203% | $1.6M | $6.7M | 20x | as long as short |
| Gate ARM_USDT | 0.0000% | 8h | 320.83 | −0.047% | $1.4M | $4.4M | 50x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 321.45 | +0.148% | $191K | $301K | — | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 321.07 | +0.028% | $722 | $215K | 10x | as long as short |
Bitget ARMUSDT
edgeX ARMUSDC
Aster ARMUSDT
Extended ARM-USD
Binance ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Gate ARM_USDT
Variational Omni ARM
GRVT ARM_USDT_PerpShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX ARM-USDT | 0.0000% | 8h | 321.31 | +0.103% | $1K | $2.6M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 321.23 | +0.078% | $18K | $16K | 20x | as long as short |
| QFEX ARM-USD | +0.0014% | 1h | 320.89 | −0.028% | $1.1M | $3.6M | 10x | as long as short |
| BloFin ARM-USDT | +0.0028% | 8h | 320.91 | −0.022% | $122K | $51K | 20x | as long as short |
| Lighter ARM | +0.0032% | 1h | 320.37 | −0.190% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 321.17 | +0.059% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 320.71 | −0.084% | $371K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 321.56 | +0.181% | $187K | $426K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0106% | 8h | 320.76 | −0.069% | $2.3M | $119K | 20x | as long as short |
| Phoenix ARMshort | +0.0123% | 1h | 321.19 | +0.065% | $5K | $446K | 10x | |
| Coinbase International ARM-PERP-INTX | +0.0128% | 1h | 321.20 | +0.069% | $99K | $315K | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.0139% | 1h | 320.54 | −0.137% | $8.0M | $8.6M | 10x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 324.93 | +1.231% | $5K | $50K | 12x | as long as short |
| Deribit ARM_USDC-PERPETUALlong | +0.0779% | 1h | 320.98 | long leg | $12K | $59K | 10x |
SunX ARM-USDT
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
Coinbase International ARM-PERP-INTX
tradeXYZ xyz:ARM
Injective ARM/USDC PERP