Funding you earn now, next payment 23:00 UTC−0.0051%/8h= −5.6% APRnext payment −$0.06 per $10,000 · paid last 24h +0.008%
Price spread now: Injective against Phoenix+1.307%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.020%+$2 on $10k
+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. Injective is 1.307% dearer against Phoenix than usual: you sell high and buy low (spread +1.307% now, against zero (this spread has no 7-day history yet)): +$131 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ARM | 325.89 | 0.0271 | pay 0.0034% / 1h | 58m 14s | $5K | $460K | 10x |
| Short | Injective ARM/USDC PERP | 330.15 | 0.0220 | get 0.0028% / 1h | 58m 14s | $5K | $50K | 12x |
Phoenix ARM
Injective ARM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$10.69
- Price spread: +1.307% → 0.000%
- $130.72
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $113.01
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Phoenix: live order book, 14 min ago; Injective: 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, 14 min ago | 6.44 bp | 18.8 bp −$19 | 40.7 bp −$407 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX ARMUSDC | −0.0900% | 4h | 325.61 | −0.087% | $35K | $352K | 10x | as long as short |
| BloFin ARM-USDT | −0.0005% | 8h | 325.23 | −0.203% | $124K | $45K | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 326.47 | +0.179% | $7K | $126K | 20x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 326.26 | +0.114% | $1.7M | $6.6M | 20x | as long as short |
| Bitget ARMUSDT | 0.0000% | 8h | 326.37 | +0.147% | $1.8M | $4.0M | 20x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 326.04 | +0.046% | $1K | $3.1M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 326.03 | +0.043% | $18K | $17K | 20x | as long as short |
| QFEX ARM-USD | +0.0026% | 1h | 326.48 | +0.181% | $1.1M | $4.8M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 326.00 | +0.034% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 326.13 | +0.074% | — | — | 10x | as long as short |
edgeX ARMUSDC
BloFin ARM-USDT
Aster ARMUSDT
OKX ARM-USDT-SWAP
Bitget ARMUSDT
SunX ARM-USDT
HTX 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 | 325.94 | +0.015% | $89K | $286K | 10x | as long as short |
| Injective ARM/USDC PERPshort | +0.0220% | 1h | 330.15 | +1.307% | $5K | $50K | 12x | |
| Variational Omni ARM | +0.0233% | 8h | 325.64 | −0.078% | $213K | $523K | — | as long as short |
| Phoenix ARMlong | +0.0271% | 1h | 325.89 | long leg | $5K | $460K | 10x | |
| Binance ARMUSDT | +0.0356% | 8h | 326.72 | +0.255% | $8.7M | $50.7M | 20x | as long as short |
| Extended ARM-USD | +0.0360% | 1h | 326.29 | +0.123% | $39K | $188K | 10x | as long as short |
| GRVT ARM_USDT_Perp | +0.0384% | 8h | 325.77 | −0.038% | $577 | $199K | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0546% | 1h | 325.01 | −0.270% | $208K | $563K | 10x | as long as short |
| Gate ARM_USDT | +0.0685% | 8h | 326.46 | +0.175% | $1.5M | $4.0M | 50x | as long as short |
| KuCoin ARMUSDTM | +0.0728% | 8h | 326.28 | +0.120% | $2.3M | $120K | 20x | as long as short |
| Polymarket Perps ARM-USD | +0.0988% | 1h | 325.49 | −0.123% | $382K | $1.7M | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.1189% | 1h | 325.49 | −0.123% | $8.0M | $9.7M | 10x | as long as short |
| Deribit ARM_USDC-PERPETUAL | +0.1314% | 1h | 326.55 | +0.203% | $12K | $127K | 10x | as long as short |
| Bybit ARMUSDT | +0.1895% | 8h | 326.47 | +0.178% | $2.0M | $2.2M | 25x | as long as short |
Coinbase International ARM-PERP-INTX
Variational Omni ARM
Binance ARMUSDT
Extended ARM-USD
GRVT ARM_USDT_Perp
Ondo Perps ARM-USD.P
Gate ARM_USDT
KuCoin ARMUSDTM
Polymarket Perps ARM-USD
tradeXYZ xyz:ARM
Deribit ARM_USDC-PERPETUAL
Bybit ARMUSDT