Funding you earn now, next payment 04:00 UTC−0.0111%/8h= −12.2% APRpaid last 24h −0.035%
Price spread now: Phoenix against KuCoin+0.090%48s7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$266as 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−$2642.638% of the position
Funding, last 7 days−0.026%−$3 on $10k
+Price spread, last 4 days (all we have)−0.120%−$12 · spread now +0.090%, 7d avg −0.011%
=The price spread pays, funding is against you. Phoenix is 0.101% dearer against KuCoin than usual: you sell high and buy low (spread +0.090% now, against its 7-day average of −0.011%): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.0 days. At the pace of the last 7 days (−0.026% in total) that is about 27 days. The two prices were read 48 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 | KuCoin ARMUSDTM | 323.16 | 0.0234 | pay 0.0234% / 8h | 3h 48m | $2.3M | $119K | 20x |
| Short | Phoenix ARM | 323.45 | 0.0123 | get 0.0015% / 1h | 48m 29s | $5K | $446K | 10x |
KuCoin ARMUSDTM
Phoenix ARMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against KuCoin. 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
- −$23.38
- Price spread: +0.090% → −0.011%
- $10.05
- Slippage, 4 orders
- −$244.84
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$277.17
- Costs to cover
- 2.638%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 min ago; Phoenix: live order book, 4 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 KuCoin live order book, 3 min ago | 5.55 bp | 114.3 bp −$114 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 4 min ago | 6.47 bp | 18.8 bp −$19 | 40.7 bp −$407 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ARMUSDT | 0.0000% | 8h | 323.35 | +0.058% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 323.29 | +0.042% | $40K | $271K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 323.46 | +0.093% | $8.4M | $50.4M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 323.37 | +0.065% | $1.9M | $2.2M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 323.44 | +0.087% | $1.6M | $6.7M | 20x | as long as short |
| Bitget ARMUSDT | 0.0000% | 8h | 323.57 | +0.127% | $1.8M | $3.9M | 20x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 324.13 | +0.301% | $211K | $295K | — | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 324.88 | +0.531% | $575 | $207K | 10x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 323.35 | +0.059% | $1K | $2.7M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 323.39 | +0.071% | $18K | $16K | 20x | as long as short |
Aster ARMUSDT
Extended ARM-USD
Binance ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Bitget ARMUSDT
Variational Omni ARM
GRVT ARM_USDT_Perp
SunX ARM-USDT
HTX ARM-USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ARM_USDT | +0.0007% | 8h | 323.45 | +0.090% | $1.5M | $4.3M | 50x | as long as short |
| QFEX ARM-USD | +0.0014% | 1h | 323.24 | +0.025% | $1.1M | $3.8M | 10x | as long as short |
| BloFin ARM-USDT | +0.0020% | 8h | 323.12 | −0.012% | $126K | $49K | 20x | as long as short |
| Lighter ARM | +0.0032% | 1h | 322.99 | −0.053% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 323.48 | +0.099% | — | — | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.0050% | 1h | 323.15 | −0.003% | $8.1M | $8.8M | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 323.38 | +0.068% | $374K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 323.10 | −0.019% | $190K | $412K | 10x | as long as short |
| Phoenix ARMshort | +0.0123% | 1h | 323.45 | +0.090% | $5K | $446K | 10x | |
| edgeX ARMUSDC | +0.0123% | 4h | 324.88 | +0.534% | $34K | $349K | 10x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0128% | 1h | 324.44 | +0.396% | $95K | $306K | 10x | as long as short |
| Deribit ARM_USDC-PERPETUAL | +0.0214% | 1h | 323.28 | +0.037% | $12K | $59K | 10x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 330.24 | +2.191% | $5K | $50K | 12x | as long as short |
| KuCoin ARMUSDTMlong | +0.0234% | 8h | 323.16 | long leg | $2.3M | $119K | 20x |
Gate ARM_USDT
QFEX ARM-USD
BloFin ARM-USDT
Lighter ARM
Vest ARM-USD-PERP
tradeXYZ xyz:ARM
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
edgeX ARMUSDC
Coinbase International ARM-PERP-INTX
Deribit ARM_USDC-PERPETUAL
Injective ARM/USDC PERP