ARM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0318%/8h= −34.9% APRnext payment −$0.40 per $10,000 · paid last 24h +0.030%

Price spread now: Deribit against Phoenix+0.110%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 0.110% dearer against Phoenix than usual: you sell high and buy low (spread +0.110% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix ARM	318.74	0.0224	pay 0.0028% / 1h	52m 36s	$5K	$414K	10x
Short	Deribit ARM_USDC-PERPETUAL	319.09	−0.0095	pay 0.0012% / 1h	52m 36s	$12K	$56K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee DeribitbpOrdersPrice spread, now +0.110%Rate

Funding earned: −$66.86
Price spread: +0.110% → 0.000%: $10.98
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$69.88
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 45 min ago; Deribit: no order-book sample. 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 Phoenix live order book, 45 min ago	6.52 bp	18.9 bp −$19	40.8 bp −$408	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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
GRVT ARM_USDT_Perp	−0.1477%	8h	318.89	+0.047%	$370	$237K	10x	as long as short
Bitget ARMUSDT	−0.0428%	8h	319.26	+0.163%	$1.7M	$4.0M	20x	as long as short
Deribit ARM_USDC-PERPETUALshort	−0.0095%	1h	319.09	+0.110%	$12K	$56K	10x
Bybit ARMUSDT	−0.0093%	8h	319.26	+0.163%	$1.9M	$2.1M	25x	as long as short
BloFin ARM-USDT	−0.0014%	8h	318.70	−0.013%	$123K	$52K	20x	as long as short
Aster ARMUSDT	0.0000%	8h	319.39	+0.205%	$7K	$126K	20x	as long as short
Extended ARM-USD	0.0000%	1h	319.62	+0.276%	$31K	$320K	10x	as long as short
Binance ARMUSDT	0.0000%	8h	319.50	+0.238%	$8.2M	$49.7M	20x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	319.48	+0.232%	$1.6M	$6.5M	20x	as long as short
Gate ARM_USDT	0.0000%	8h	319.54	+0.251%	$1.4M	$4.0M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ARM	0.0000%	8h	320.29	+0.487%	$187K	$252K	—	as long as short
SunX ARM-USDT	0.0000%	8h	319.09	+0.110%	$1K	$2.3M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	319.77	+0.323%	$18K	$14K	20x	as long as short
QFEX ARM-USD	+0.0020%	1h	319.50	+0.238%	$1.1M	$3.4M	10x	as long as short
Lighter ARM	+0.0032%	1h	319.43	+0.216%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	318.72	−0.006%	—	—	10x	as long as short
tradeXYZ xyz:ARM	+0.0050%	1h	319.15	+0.129%	$8.1M	$8.6M	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	318.53	−0.066%	$368K	$1.2M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	319.00	+0.082%	$185K	$429K	10x	as long as short
KuCoin ARMUSDTM	+0.0100%	8h	319.55	+0.254%	$2.3M	$132K	20x	as long as short
Coinbase International ARM-PERP-INTX	+0.0104%	1h	318.25	−0.154%	$98K	$278K	10x	as long as short
edgeX ARMUSDC	+0.0167%	4h	318.20	−0.169%	$35K	$357K	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	324.70	+1.870%	$5K	$44K	12x	as long as short
Phoenix ARMlong	+0.0224%	1h	318.74	long leg	$5K	$414K	10x