Funding you earn now, next payment 00:00 UTC+0.0155%/8h= +17.0% APRnext payment +$0.19 per $10,000 · paid last 24h −0.020%
Price spread now: Extended against Phoenix−0.040%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$700.696% of the position
Funding, last 7 days−0.222%−$22 on $10k
+Price spread, last 3 days (all we have)+0.031%+$3 · spread now −0.040%, 7d avg −0.003%
=Together, before fees−0.191%+ Points / potential airdropExtended: Active · farm board−$19 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.036% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.040% now, against its 7-day average of −0.003%). If the spread goes back, that is −$4 on $10k: about 19 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.222%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ARM | 330.30 | 0.0197 | pay 0.0025% / 1h | 8m 48s | $5K | $460K | 10x |
| Short | Extended ARM-USD | 330.17 | 0.0352 | get 0.0044% / 1h | 8m 48s | $38K | $273K | 10x |
Phoenix ARM
Extended ARM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $32.64
- Price spread: −0.040% → −0.003%
- −$3.64
- Slippage, 4 orders
- −$57.64
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$40.64
- Costs to cover
- 0.696%
- Break-even
- 15.7 days
Slippage from Phoenix: live order book, 63 min ago; Extended: live order book, 63 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, 63 min ago | 6.44 bp | 18.8 bp −$19 | 40.7 bp −$407 | doesn't fit | doesn't fit |
| Sell Extended live order book, 63 min ago | 3.07 bp | 16.0 bp −$16 | 131.3 bp −$1,313 | 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 | −0.0910% | 4h | 330.22 | −0.025% | $35K | $343K | 10x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 329.90 | −0.120% | $7K | $126K | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 330.19 | −0.033% | $2.0M | $2.2M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 330.21 | −0.027% | $1.7M | $6.7M | 20x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 330.11 | −0.058% | $1K | $2.9M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 330.51 | +0.064% | $18K | $16K | 20x | as long as short |
| BloFin ARM-USDT | +0.0005% | 8h | 330.25 | −0.015% | $127K | $46K | 20x | as long as short |
| QFEX ARM-USD | +0.0026% | 1h | 330.18 | −0.036% | $1.1M | $4.6M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 329.91 | −0.118% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 330.43 | +0.039% | — | — | 10x | as long as short |
edgeX ARMUSDC
Aster ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
SunX ARM-USDT
HTX ARM-USDT
BloFin ARM-USDT
QFEX ARM-USD
Lighter ARM
Vest ARM-USD-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International ARM-PERP-INTX | +0.0048% | 1h | 329.87 | −0.130% | $90K | $284K | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 330.80 | +0.151% | $204K | $528K | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0071% | 1h | 330.14 | −0.048% | $382K | $1.3M | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.0105% | 1h | 330.09 | −0.064% | $8.4M | $8.9M | 10x | as long as short |
| GRVT ARM_USDT_Perp | +0.0130% | 8h | 330.81 | +0.154% | $506 | $189K | 10x | as long as short |
| Phoenix ARMlong | +0.0197% | 1h | 330.30 | long leg | $5K | $460K | 10x | |
| Variational Omni ARM | +0.0205% | 8h | 330.03 | −0.083% | $214K | $526K | — | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 333.61 | +1.002% | $5K | $50K | 12x | as long as short |
| Gate ARM_USDT | +0.0327% | 8h | 330.47 | +0.051% | $1.5M | $4.1M | 50x | as long as short |
| Extended ARM-USDshort | +0.0352% | 1h | 330.17 | −0.040% | $38K | $273K | 10x | |
| Binance ARMUSDT | +0.0355% | 8h | 330.27 | −0.009% | $8.9M | $50.4M | 20x | as long as short |
| Deribit ARM_USDC-PERPETUAL | +0.0599% | 1h | 330.22 | −0.024% | $12K | $125K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0819% | 8h | 330.67 | +0.112% | $2.4M | $116K | 20x | as long as short |
| Bitget ARMUSDT | +0.0875% | 8h | 330.25 | −0.015% | $1.8M | $3.9M | 20x | as long as short |
Coinbase International ARM-PERP-INTX
Ondo Perps ARM-USD.P
Polymarket Perps ARM-USD
tradeXYZ xyz:ARM
GRVT ARM_USDT_Perp
Variational Omni ARM
Injective ARM/USDC PERP
Gate ARM_USDT
Binance ARMUSDT
Deribit ARM_USDC-PERPETUAL
KuCoin ARMUSDTM
Bitget ARMUSDT