Funding you earn now, next payment 00:00 UTC−0.0155%/8h= −17.0% APRnext payment −$0.19 per $10,000 · paid last 24h +0.020%
Price spread now: Phoenix against Extended+0.080%108s7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as 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−$700.696% of the position
Funding, last 7 days+0.222%+$22 on $10k
+Price spread, last 3 days (all we have)−0.071%−$7 · spread now +0.080%, 7d avg +0.003%
=Together, before fees+0.151%+ Points / potential airdropExtended: Active · farm board+$15 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phoenix is 0.077% dearer against Extended than usual: you sell high and buy low (spread +0.080% now, against its 7-day average of +0.003%): +$8 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 40 hours. Mind the row above: over the last 7 days funding on this pair paid +0.222%, so the current rate has only just turned against you. The two prices were read 108 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 | Extended ARM-USD | 330.19 | 0.0352 | pay 0.0044% / 1h | 9m 38s | $38K | $273K | 10x |
| Short | Phoenix ARM | 330.46 | 0.0197 | get 0.0025% / 1h | 9m 38s | $5K | $460K | 10x |
Extended ARM-USD
Phoenix ARMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Extended. 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
- −$32.64
- Price spread: +0.080% → +0.003%
- $7.68
- Slippage, 4 orders
- −$57.64
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$94.6
- Costs to cover
- 0.696%
- Break-even
- never at this rate
Slippage from Extended: live order book, 62 min ago; Phoenix: live order book, 62 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 Extended live order book, 62 min ago | 3.07 bp | 16.1 bp −$16 | 99.8 bp −$998 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 62 min ago | 6.44 bp | 18.8 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX ARMUSDC | −0.0910% | 4h | 330.22 | +0.007% | $35K | $343K | 10x | as long as short |
| BloFin ARM-USDT | −0.0007% | 8h | 329.99 | −0.062% | $127K | $46K | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 329.91 | −0.087% | $7K | $126K | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 330.54 | +0.105% | $2.0M | $2.2M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 330.18 | −0.005% | $1.7M | $6.7M | 20x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 330.11 | −0.026% | $1K | $2.9M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 330.51 | +0.095% | $18K | $16K | 20x | as long as short |
| QFEX ARM-USD | +0.0026% | 1h | 330.18 | −0.005% | $1.1M | $4.6M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 329.92 | −0.083% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 330.46 | +0.080% | — | — | 10x | as long as short |
edgeX ARMUSDC
BloFin ARM-USDT
Aster ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
SunX ARM-USDT
HTX ARM-USDT
QFEX ARM-USD
Lighter ARM
Vest ARM-USD-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International ARM-PERP-INTX | +0.0048% | 1h | 329.87 | −0.098% | $90K | $285K | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 330.80 | +0.183% | $204K | $528K | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0076% | 1h | 330.40 | +0.062% | $383K | $1.3M | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.0108% | 1h | 330.35 | +0.047% | $8.4M | $8.9M | 10x | as long as short |
| GRVT ARM_USDT_Perp | +0.0130% | 8h | 330.81 | +0.185% | $506 | $189K | 10x | as long as short |
| Phoenix ARMshort | +0.0197% | 1h | 330.46 | +0.080% | $5K | $460K | 10x | |
| Variational Omni ARM | +0.0205% | 8h | 330.03 | −0.051% | $214K | $526K | — | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 333.61 | +1.034% | $5K | $50K | 12x | as long as short |
| Gate ARM_USDT | +0.0327% | 8h | 330.74 | +0.165% | $1.5M | $4.1M | 50x | as long as short |
| Extended ARM-USDlong | +0.0352% | 1h | 330.19 | long leg | $38K | $273K | 10x | |
| Binance ARMUSDT | +0.0355% | 8h | 330.19 | −0.001% | $8.9M | $50.4M | 20x | as long as short |
| KuCoin ARMUSDTM | +0.0814% | 8h | 330.74 | +0.165% | $2.4M | $116K | 20x | as long as short |
| Bitget ARMUSDT | +0.0875% | 8h | 330.51 | +0.095% | $1.8M | $3.9M | 20x | as long as short |
| Deribit ARM_USDC-PERPETUAL | +0.1296% | 1h | 330.46 | +0.080% | $12K | $125K | 10x | as long as short |
Coinbase International ARM-PERP-INTX
Ondo Perps ARM-USD.P
Polymarket Perps ARM-USD
tradeXYZ xyz:ARM
GRVT ARM_USDT_Perp
Variational Omni ARM
Injective ARM/USDC PERP
Gate ARM_USDT
Binance ARMUSDT
KuCoin ARMUSDTM
Bitget ARMUSDT
Deribit ARM_USDC-PERPETUAL