Funding you earn now, next payment 09:00 UTC−0.0098%/8h= −10.7% APRpaid last 24h +0.110%
Price spread now: Phoenix against edgeX−0.141%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$640.637% of the position
Funding, last 7 days+0.239%+$24 on $10k
+Price spread, last 4 days (all we have)+0.181%+$18 · spread now −0.141%, 7d avg −0.005%
=Together, before fees+0.420%+ Points / potential airdropedgeX: Active · farm board+$42 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phoenix is 0.136% cheaper against edgeX than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.005%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.239%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX ARMUSDC | 320.67 | 0.0273 | pay 0.0136% / 4h | 2h 20m | $35K | $360K | 10x |
| Short | Phoenix ARM | 320.22 | 0.0175 | get 0.0022% / 1h | 20m 37s | $5K | $414K | 10x |
edgeX ARMUSDC
Phoenix ARMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against edgeX. 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
- −$20.54
- Price spread: −0.141% → −0.005%
- −$13.61
- Slippage, 4 orders
- −$47.71
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$97.85
- Costs to cover
- 0.637%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 30 min ago; Phoenix: live order book, 29 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 edgeX live order book, 30 min ago | 7.82 bp | 12.9 bp −$13 | 90.0 bp −$900 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 29 min ago | 6.56 bp | 18.9 bp −$19 | 40.8 bp −$408 | doesn't fit | doesn't fit |
ARM on 24 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ARM-USDT | −0.0026% | 8h | 320.43 | −0.076% | $124K | $54K | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 320.13 | −0.170% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 320.26 | −0.129% | $33K | $320K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 320.37 | −0.093% | $8.2M | $49.7M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 320.46 | −0.066% | $1.9M | $2.1M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 320.34 | −0.104% | $1.6M | $6.1M | 20x | as long as short |
| Gate ARM_USDT | 0.0000% | 8h | 320.43 | −0.076% | $1.4M | $4.0M | 50x | as long as short |
| Bitget ARMUSDT | 0.0000% | 8h | 320.39 | −0.088% | $1.7M | $4.1M | 20x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 320.50 | −0.052% | $185K | $244K | — | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 319.88 | −0.247% | $966 | $2.1M | 10x | as long as short |
BloFin ARM-USDT
Aster ARMUSDT
Extended ARM-USD
Binance ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Gate ARM_USDT
Bitget ARMUSDT
Variational Omni ARM
SunX ARM-USDTShow all 24 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARM_USDC-PERPETUAL | 0.0000% | 1h | 320.47 | −0.063% | $12K | $56K | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 320.76 | +0.027% | $18K | $12K | 20x | as long as short |
| Lighter ARM | +0.0032% | 1h | 320.17 | −0.157% | — | — | 10x | as long as short |
| QFEX ARM-USD | +0.0037% | 1h | 320.25 | −0.132% | $1.1M | $3.3M | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 320.62 | −0.016% | — | — | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.0050% | 1h | 320.37 | −0.094% | $8.1M | $8.5M | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 320.44 | −0.072% | $370K | $1.2M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 320.18 | −0.154% | $183K | $424K | 10x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0120% | 1h | 320.73 | +0.018% | $99K | $272K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0155% | 8h | 320.44 | −0.072% | $2.3M | $237K | 20x | as long as short |
| Phoenix ARMshort | +0.0175% | 1h | 320.22 | −0.141% | $5K | $414K | 10x | |
| Injective ARM/USDC PERP | +0.0220% | 1h | 324.20 | +1.100% | $12K | $51K | 12x | as long as short |
| edgeX ARMUSDClong | +0.0273% | 4h | 320.67 | long leg | $35K | $360K | 10x | |
| GRVT ARM_USDT_Perp | +0.1031% | 8h | 320.66 | −0.003% | $292 | $247K | 10x | as long as short |
Deribit ARM_USDC-PERPETUAL
HTX ARM-USDT
Lighter ARM
QFEX ARM-USD
Vest ARM-USD-PERP
tradeXYZ xyz:ARM
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
Coinbase International ARM-PERP-INTX
KuCoin ARMUSDTM
Injective ARM/USDC PERP
GRVT ARM_USDT_Perp