Funding you earn now, next payment 23:00 UTC+0.0051%/8h= +5.6% APRnext payment +$0.06 per $10,000 · paid last 24h −0.008%
Price spread now: Phoenix against Injective−1.290%112s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.020%−$2 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Phoenix is 1.290% cheaper against Injective than usual: you would sell low and buy high (spread −1.290% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$129 on $10k: about 3 months of funding at the current rate (+$2 a day). The two prices were read 112 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 | Injective ARM/USDC PERP | 330.15 | 0.0220 | pay 0.0028% / 1h | 59m 29s | $5K | $52K | 12x |
| Short | Phoenix ARM | 325.89 | 0.0271 | get 0.0034% / 1h | 59m 29s | $5K | $460K | 10x |
Injective ARM/USDC PERP
Phoenix ARMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Injective. 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
- $10.69
- Price spread: −1.290% → 0.000%
- −$129.03
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$125.36
- Costs to cover
- 0.070%
- Break-even
- 89.1 days
Slippage unknown: Injective: no order-book sample; Phoenix: live order book, 12 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 Injective no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 12 min ago | 6.44 bp | 18.8 bp −$19 | 40.8 bp −$408 | doesn't fit | doesn't fit |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX ARMUSDC | −0.0900% | 4h | 325.61 | −1.376% | $35K | $352K | 10x | as long as short |
| BloFin ARM-USDT | −0.0027% | 8h | 325.80 | −1.318% | $124K | $45K | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 326.04 | −1.245% | $7K | $126K | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 325.75 | −1.333% | $2.0M | $2.4M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 325.71 | −1.345% | $1.7M | $6.6M | 20x | as long as short |
| Bitget ARMUSDT | 0.0000% | 8h | 325.69 | −1.351% | $1.8M | $4.0M | 20x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 325.17 | −1.508% | $1K | $3.1M | 10x | as long as short |
| Deribit ARM_USDC-PERPETUAL | 0.0000% | 1h | 325.49 | −1.411% | $12K | $128K | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 326.03 | −1.248% | $18K | $17K | 20x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0016% | 1h | 325.94 | −1.275% | $89K | $286K | 10x | as long as short |
edgeX ARMUSDC
BloFin ARM-USDT
Aster ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Bitget ARMUSDT
SunX ARM-USDT
Deribit ARM_USDC-PERPETUAL
HTX ARM-USDT
Coinbase International ARM-PERP-INTXShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ARM | +0.0032% | 1h | 325.77 | −1.327% | — | — | 10x | as long as short |
| QFEX ARM-USD | +0.0033% | 1h | 325.80 | −1.318% | $1.1M | $4.8M | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 326.06 | −1.239% | — | — | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 325.30 | −1.469% | $208K | $556K | 10x | as long as short |
| Gate ARM_USDT | +0.0076% | 8h | 325.84 | −1.305% | $1.5M | $4.0M | 50x | as long as short |
| Injective ARM/USDC PERPlong | +0.0220% | 1h | 330.15 | long leg | $5K | $52K | 12x | |
| Variational Omni ARM | +0.0233% | 8h | 325.64 | −1.367% | $213K | $523K | — | as long as short |
| Phoenix ARMshort | +0.0271% | 1h | 325.89 | −1.290% | $5K | $460K | 10x | |
| Extended ARM-USD | +0.0352% | 1h | 325.82 | −1.313% | $39K | $188K | 10x | as long as short |
| Binance ARMUSDT | +0.0359% | 8h | 325.95 | −1.271% | $8.7M | $50.9M | 20x | as long as short |
| GRVT ARM_USDT_Perp | +0.0384% | 8h | 325.77 | −1.328% | $577 | $199K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0718% | 8h | 325.94 | −1.275% | $2.3M | $119K | 20x | as long as short |
| tradeXYZ xyz:ARM | +0.0840% | 1h | 325.16 | −1.511% | $8.0M | $9.6M | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.1021% | 1h | 325.22 | −1.493% | $381K | $1.8M | 10x | as long as short |
Lighter ARM
QFEX ARM-USD
Vest ARM-USD-PERP
Ondo Perps ARM-USD.P
Gate ARM_USDT
Variational Omni ARM
Extended ARM-USD
Binance ARMUSDT
GRVT ARM_USDT_Perp
KuCoin ARMUSDTM
tradeXYZ xyz:ARM
Polymarket Perps ARM-USD