Funding you earn now, next payment 08:00 UTC+0.0224%/8h= +24.5% APRpaid last 24h +0.054%
Price spread now: Phoenix against OKX+0.122%66s7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as 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−$650.645% of the position
Funding, last 7 days+0.229%+$23 on $10k
+Price spread, last 4 days (all we have)−0.161%−$16 · spread now +0.122%, 7d avg +0.001%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Phoenix is 0.121% dearer against OKX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.001%. The two prices were read 66 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 | OKX ARM-USDT-SWAP | 320.07 | 0 | get 0.0000% / 8h | 7h 02m | $1.6M | $6.0M | 20x |
| Short | Phoenix ARM | 320.46 | 0.0224 | get 0.0028% / 1h | 2m 27s | $5K | $414K | 10x |
OKX ARM-USDT-SWAP
Phoenix ARMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against OKX. 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
- $46.99
- Price spread: +0.122% → +0.001%
- $12.1
- Slippage, 4 orders
- −$47.52
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$5.43
- Costs to cover
- 0.645%
- Break-even
- 7.8 days
Slippage from OKX: live order book, 5 min ago; Phoenix: live order book, 30 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 OKX live order book, 5 min ago | 3.12 bp | 14.2 bp −$14 | 48.1 bp −$481 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 30 min ago | 6.62 bp | 18.9 bp −$19 | 40.9 bp −$409 | 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 | −0.0985% | 4h | 320.62 | +0.172% | $35K | $361K | 10x | as long as short |
| Bitget ARMUSDT | −0.0218% | 8h | 320.34 | +0.084% | $1.7M | $4.1M | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 319.62 | −0.140% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 320.22 | +0.045% | $34K | $317K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 320.10 | +0.009% | $8.2M | $49.9M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 320.24 | +0.053% | $1.9M | $2.1M | 25x | as long as short |
| OKX ARM-USDT-SWAPlong | 0.0000% | 8h | 320.07 | long leg | $1.6M | $6.0M | 20x | |
| Gate ARM_USDT | 0.0000% | 8h | 320.35 | +0.087% | $1.4M | $4.1M | 50x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 320.68 | +0.190% | $185K | $255K | — | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 320.54 | +0.147% | $1K | $2.2M | 10x | as long as short |
edgeX ARMUSDC
Bitget ARMUSDT
Aster ARMUSDT
Extended ARM-USD
Binance ARMUSDT
Bybit ARMUSDT
Gate ARM_USDT
Variational Omni ARM
SunX ARM-USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX ARM-USDT | 0.0000% | 8h | 320.40 | +0.103% | $18K | $13K | 20x | as long as short |
| BloFin ARM-USDT | +0.0016% | 8h | 320.19 | +0.037% | $121K | $53K | 20x | as long as short |
| QFEX ARM-USD | +0.0020% | 1h | 320.21 | +0.044% | $1.1M | $3.3M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 319.80 | −0.084% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 320.30 | +0.072% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 320.16 | +0.028% | $370K | $1.2M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 320.33 | +0.081% | $183K | $429K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0100% | 8h | 320.26 | +0.059% | $2.3M | $191K | 20x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0104% | 1h | 318.96 | −0.347% | $100K | $277K | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.0124% | 1h | 320.09 | +0.006% | $8.1M | $8.6M | 10x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 320.02 | −0.016% | $11K | $51K | 12x | as long as short |
| Phoenix ARMshort | +0.0224% | 1h | 320.46 | +0.122% | $5K | $414K | 10x | |
| GRVT ARM_USDT_Perp | +0.0290% | 8h | 320.71 | +0.200% | $1K | $243K | 10x | as long as short |
| Deribit ARM_USDC-PERPETUAL | +0.1000% | 1h | 320.31 | +0.075% | $12K | $56K | 10x | as long as short |
HTX ARM-USDT
BloFin ARM-USDT
QFEX ARM-USD
Lighter ARM
Vest ARM-USD-PERP
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
KuCoin ARMUSDTM
Coinbase International ARM-PERP-INTX
tradeXYZ xyz:ARM
Injective ARM/USDC PERP
GRVT ARM_USDT_Perp
Deribit ARM_USDC-PERPETUAL