Funding you earn now, next payment 06:00 UTC−0.0520%/8h= −57.0% APRpaid last 24h −0.063%
Price spread now: edgeX against Phoenix+0.079%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$510.508% of the position
Funding, last 7 days−0.217%−$22 on $10k
+Price spread, last 4 days (all we have)−0.104%−$10 · spread now +0.079%, 7d avg +0.006%
=Together, before fees−0.322%+ Points / potential airdropedgeX: Active · farm board−$32 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.073% dearer against Phoenix than usual: you sell high and buy low (spread +0.079% now, against its 7-day average of +0.006%): +$7 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.217% in total) that is about 2.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.217% in total (about -11.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ARM | 319.76 | 0.0199 | pay 0.0025% / 1h | 32m 27s | $5K | $444K | 10x |
| Short | edgeX ARMUSDC | 320.01 | −0.0321 | pay 0.0160% / 4h | 1h 32m | $34K | $352K | 10x |
Phoenix ARM
edgeX ARMUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$109.25
- Price spread: +0.079% → +0.006%
- $7.29
- Slippage, 4 orders
- −$34.81
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$152.77
- Costs to cover
- 0.508%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 10 min ago; edgeX: live order book, 11 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, 10 min ago | 6.56 bp | 18.9 bp −$19 | 40.7 bp −$407 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 11 min ago | 1.56 bp | 6.4 bp −$6 | 9.9 bp −$99 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget ARMUSDT | −0.0871% | 8h | 319.39 | −0.116% | $1.8M | $4.0M | 20x | as long as short |
| edgeX ARMUSDCshort | −0.0321% | 4h | 320.01 | +0.079% | $34K | $352K | 10x | |
| BloFin ARM-USDT | −0.0001% | 8h | 319.87 | +0.034% | $122K | $51K | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 318.93 | −0.259% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 319.12 | −0.201% | $36K | $271K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 318.95 | −0.252% | $8.2M | $50.4M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 319.13 | −0.197% | $1.9M | $2.1M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 319.00 | −0.238% | $1.6M | $6.6M | 20x | as long as short |
| Gate ARM_USDT | 0.0000% | 8h | 319.16 | −0.188% | $1.4M | $4.2M | 50x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 319.81 | +0.015% | $184K | $285K | — | as long as short |
Bitget ARMUSDT
BloFin ARM-USDT
Aster ARMUSDT
Extended ARM-USD
Binance ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Gate ARM_USDT
Variational Omni ARMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 320.20 | +0.138% | $618 | $227K | 10x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 320.14 | +0.119% | $1K | $2.5M | 10x | as long as short |
| Deribit ARM_USDC-PERPETUAL | 0.0000% | 1h | 320.25 | +0.153% | $12K | $59K | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 319.68 | −0.025% | $18K | $16K | 20x | as long as short |
| QFEX ARM-USD | +0.0021% | 1h | 319.32 | −0.138% | $1.1M | $3.5M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 319.13 | −0.197% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 319.31 | −0.141% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 318.94 | −0.256% | $369K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 319.93 | +0.053% | $184K | $433K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0100% | 8h | 319.19 | −0.178% | $2.3M | $119K | 20x | as long as short |
| tradeXYZ xyz:ARM | +0.0143% | 1h | 319.06 | −0.219% | $8.1M | $8.7M | 10x | as long as short |
| Phoenix ARMlong | +0.0199% | 1h | 319.76 | long leg | $5K | $444K | 10x | |
| Coinbase International ARM-PERP-INTX | +0.0200% | 1h | 321.23 | +0.460% | $100K | $293K | 10x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 323.41 | +1.141% | $5K | $50K | 12x | as long as short |
GRVT ARM_USDT_Perp
SunX ARM-USDT
Deribit ARM_USDC-PERPETUAL
HTX ARM-USDT
QFEX ARM-USD
Lighter ARM
Vest ARM-USD-PERP
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
KuCoin ARMUSDTM
tradeXYZ xyz:ARM
Coinbase International ARM-PERP-INTX
Injective ARM/USDC PERP