Funding you earn now, next payment 23:00 UTC−0.0271%/8h= −29.7% APRpaid last 24h −0.058%
Price spread now: Aster against Phoenix−0.095%65s7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$198as 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−$1691.687% of the position
Funding, last 7 days−0.294%−$29 on $10k
+Price spread, last 3 days (all we have)+0.094%+$9 · spread now −0.095%, 7d avg −0.036%
=Together, before fees−0.200%+ Points / potential airdropAster: Stage 5 · farm board−$20 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Aster is 0.059% cheaper against Phoenix than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.036%). Swap the legs. The two prices were read 65 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 | Phoenix ARM | 325.87 | 0.0271 | pay 0.0034% / 1h | 2m 26s | $5K | $460K | 10x |
| Short | Aster ARMUSDT | 325.56 | 0 | get 0.0000% / 8h | 2m 26s | $7K | $126K | 20x |
Phoenix ARM
Aster ARMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phoenix. 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
- −$56.89
- Price spread: −0.095% → −0.036%
- −$5.9
- Slippage, 4 orders
- −$153.7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$231.49
- Costs to cover
- 1.687%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 9 min ago; Aster: live order book, 8 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 Phoenix live order book, 9 min ago | 6.44 bp | 18.8 bp −$19 | 40.7 bp −$407 | doesn't fit | doesn't fit |
| Sell Aster live order book, 8 min ago | 53.04 bp | 67.6 bp −$68 | doesn't fit | 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 | −0.0583% | 4h | 325.73 | −0.042% | $35K | $351K | 10x | as long as short |
| Aster ARMUSDTshort | 0.0000% | 8h | 325.56 | −0.095% | $7K | $126K | 20x | |
| Bybit ARMUSDT | 0.0000% | 8h | 325.85 | −0.006% | $2.0M | $2.4M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 325.72 | −0.046% | $1.7M | $6.7M | 20x | as long as short |
| Bitget ARMUSDT | 0.0000% | 8h | 325.80 | −0.021% | $1.8M | $4.2M | 20x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 325.50 | −0.114% | $1K | $3.1M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 325.63 | −0.074% | $18K | $17K | 20x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0016% | 1h | 325.94 | +0.021% | $89K | $286K | 10x | as long as short |
| BloFin ARM-USDT | +0.0028% | 8h | 325.86 | −0.003% | $124K | $45K | 20x | as long as short |
| Lighter ARM | +0.0032% | 1h | 325.69 | −0.055% | — | — | 10x | as long as short |
edgeX ARMUSDC
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Bitget ARMUSDT
SunX ARM-USDT
HTX ARM-USDT
Coinbase International ARM-PERP-INTX
BloFin ARM-USDT
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 | 325.76 | −0.034% | $1.1M | $4.8M | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 325.95 | +0.025% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 325.99 | +0.037% | $382K | $2.1M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 325.72 | −0.046% | $208K | $551K | 10x | as long as short |
| Gate ARM_USDT | +0.0077% | 8h | 326.10 | +0.071% | $1.5M | $4.2M | 50x | as long as short |
| tradeXYZ xyz:ARM | +0.0130% | 1h | 325.87 | 0.000% | $8.0M | $9.6M | 10x | as long as short |
| Variational Omni ARM | +0.0215% | 8h | 325.71 | −0.050% | $213K | $523K | — | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 330.15 | +1.313% | $5K | $52K | 12x | as long as short |
| Phoenix ARMlong | +0.0271% | 1h | 325.87 | long leg | $5K | $460K | 10x | |
| Extended ARM-USD | +0.0344% | 1h | 325.75 | −0.038% | $39K | $188K | 10x | as long as short |
| Binance ARMUSDT | +0.0349% | 8h | 325.86 | −0.003% | $8.7M | $50.8M | 20x | as long as short |
| GRVT ARM_USDT_Perp | +0.0373% | 8h | 325.92 | +0.015% | $577 | $199K | 10x | as long as short |
| Deribit ARM_USDC-PERPETUAL | +0.0426% | 1h | 325.71 | −0.049% | $12K | $128K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0709% | 8h | 326.15 | +0.086% | $2.3M | $119K | 20x | as long as short |
QFEX ARM-USD
Vest ARM-USD-PERP
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
Gate ARM_USDT
tradeXYZ xyz:ARM
Variational Omni ARM
Injective ARM/USDC PERP
Extended ARM-USD
Binance ARMUSDT
GRVT ARM_USDT_Perp
Deribit ARM_USDC-PERPETUAL
KuCoin ARMUSDTM