Funding you earn now, next payment 22:00 UTC+0.0146%/8h= +16.0% APRpaid last 24h −0.038%
Price spread now: Phoenix against Gate−0.147%92s7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as 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−$650.647% of the position
Funding, last 7 days+0.211%+$21 on $10k
+Price spread, last 3 days (all we have)+0.121%+$12 · spread now −0.147%, 7d avg −0.021%
=Funding pays, the price is against you. Phoenix is 0.126% cheaper against Gate than usual: you would sell low and buy high (spread −0.147% now, against its 7-day average of −0.021%). If the spread goes back, that is −$13 on $10k: about 2.9 days of funding at the current rate (+$4 a day). The two prices were read 92 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 | Gate ARM_USDT | 325.45 | 0.0052 | pay 0.0052% / 8h | 53m 46s | $1.5M | $4.1M | 50x |
| Short | Phoenix ARM | 324.97 | 0.0198 | get 0.0025% / 1h | 53m 46s | $5K | $460K | 10x |
Gate ARM_USDT
Phoenix ARMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Gate. 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
- $30.73
- Price spread: −0.147% → −0.021%
- −$12.65
- Slippage, 4 orders
- −$42.69
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$46.61
- Costs to cover
- 0.647%
- Break-even
- 17.6 days
Slippage from Gate: live order book, 4 min ago; Phoenix: live order book, 23 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 Gate live order book, 4 min ago | 2.62 bp | 13.6 bp −$14 | 41.5 bp −$415 | 58.7 bp −$5,872 | doesn't fit |
| Sell Phoenix live order book, 23 min ago | 6.47 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ARM-USDT | −0.0011% | 8h | 325.20 | −0.077% | $123K | $44K | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 325.07 | −0.117% | $7K | $126K | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 325.39 | −0.018% | $2.0M | $2.6M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 325.57 | +0.037% | $1.7M | $6.8M | 20x | as long as short |
| Bitget ARMUSDT | 0.0000% | 8h | 325.21 | −0.074% | $1.8M | $4.2M | 20x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 324.87 | −0.178% | $1K | $3.2M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 324.72 | −0.224% | $18K | $16K | 20x | as long as short |
| Variational Omni ARM | +0.0011% | 8h | 324.92 | −0.163% | $213K | $523K | — | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0016% | 1h | 324.86 | −0.181% | $88K | $290K | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 325.14 | −0.095% | — | — | 10x | as long as short |
BloFin ARM-USDT
Aster ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Bitget ARMUSDT
SunX ARM-USDT
HTX ARM-USDT
Variational Omni ARM
Coinbase International ARM-PERP-INTX
Lighter ARMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX ARM-USD | +0.0033% | 1h | 325.33 | −0.037% | $1.1M | $4.7M | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 325.30 | −0.046% | — | — | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.0050% | 1h | 325.17 | −0.086% | $8.0M | $9.7M | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 325.06 | −0.120% | $464K | $1.7M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 324.85 | −0.184% | $208K | $557K | 10x | as long as short |
| Gate ARM_USDTlong | +0.0052% | 8h | 325.45 | long leg | $1.5M | $4.1M | 50x | |
| edgeX ARMUSDC | +0.0113% | 4h | 324.87 | −0.178% | $35K | $349K | 10x | as long as short |
| Binance ARMUSDT | +0.0128% | 8h | 325.36 | −0.027% | $8.6M | $51.0M | 20x | as long as short |
| Extended ARM-USD | +0.0128% | 1h | 325.30 | −0.045% | $39K | $188K | 10x | as long as short |
| Phoenix ARMshort | +0.0198% | 1h | 324.97 | −0.147% | $5K | $460K | 10x | |
| Injective ARM/USDC PERP | +0.0220% | 1h | 328.17 | +0.836% | $5K | $52K | 12x | as long as short |
| GRVT ARM_USDT_Perp | +0.0223% | 8h | 324.97 | −0.148% | $845 | $207K | 10x | as long as short |
| Deribit ARM_USDC-PERPETUAL | +0.0304% | 1h | 325.36 | −0.028% | $12K | $145K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0456% | 8h | 325.35 | −0.031% | $2.3M | $119K | 20x | as long as short |
QFEX ARM-USD
Vest ARM-USD-PERP
tradeXYZ xyz:ARM
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
edgeX ARMUSDC
Binance ARMUSDT
Extended ARM-USD
Injective ARM/USDC PERP
GRVT ARM_USDT_Perp
Deribit ARM_USDC-PERPETUAL
KuCoin ARMUSDTM