Funding you earn now, next payment 00:00 UTC+0.0578%/8h= +63.3% APRpaid last 24h +0.034%
Price spread now: KuCoin against Phoenix+0.428%93s7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$291as 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−$2932.934% of the position
Funding, last 7 days+0.024%+$2 on $10k
+Price spread, last 3 days (all we have)−0.410%−$41 · spread now +0.428%, 7d avg +0.011%
=Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and KuCoin is 0.417% dearer against Phoenix than usual: you sell high and buy low: +$42 more if the spread goes back to its 7-day average of +0.011%. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.024% in total (about 1.3% 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 | 329.70 | 0.0197 | pay 0.0025% / 1h | 27m 49s | $5K | $460K | 10x |
| Short | KuCoin ARMUSDTM | 331.11 | 0.0775 | get 0.0775% / 8h | 7h 27m | $2.4M | $116K | 20x |
Phoenix ARM
KuCoin ARMUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $121.47
- Price spread: +0.428% → +0.011%
- $41.68
- Slippage, 4 orders
- −$274.44
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$130.28
- Costs to cover
- 2.934%
- Break-even
- 14.5 days
Slippage from Phoenix: live order book, 44 min ago; KuCoin: live order book, 4 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, 44 min ago | 6.44 bp | 18.8 bp −$19 | 40.7 bp −$407 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 8.94 bp | 141.9 bp −$142 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ARMUSDT | 0.0000% | 8h | 330.81 | +0.337% | $7K | $126K | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 331.13 | +0.434% | $2.0M | $2.1M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 331.08 | +0.419% | $1.7M | $6.7M | 20x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 329.64 | −0.018% | $912 | $3.0M | 10x | as long as short |
| Deribit ARM_USDC-PERPETUAL | 0.0000% | 1h | 330.90 | +0.364% | $12K | $125K | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 330.07 | +0.112% | $18K | $16K | 20x | as long as short |
| BloFin ARM-USDT | +0.0022% | 8h | 330.55 | +0.258% | $127K | $46K | 20x | as long as short |
| QFEX ARM-USD | +0.0026% | 1h | 330.77 | +0.325% | $1.1M | $4.7M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 330.75 | +0.318% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 330.85 | +0.349% | — | — | 10x | as long as short |
Aster ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
SunX ARM-USDT
Deribit ARM_USDC-PERPETUAL
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 | 325.94 | −1.140% | $89K | $282K | 10x | as long as short |
| GRVT ARM_USDT_Perp | +0.0064% | 8h | 329.64 | −0.017% | $438 | $192K | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0086% | 1h | 329.77 | +0.021% | $204K | $523K | 10x | as long as short |
| Gate ARM_USDT | +0.0111% | 8h | 331.14 | +0.437% | $1.5M | $4.1M | 50x | as long as short |
| Phoenix ARMlong | +0.0197% | 1h | 329.70 | long leg | $5K | $460K | 10x | |
| Polymarket Perps ARM-USD | +0.0216% | 1h | 330.94 | +0.376% | $383K | $1.3M | 10x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 331.89 | +0.664% | $5K | $50K | 12x | as long as short |
| Variational Omni ARM | +0.0221% | 8h | 329.69 | −0.002% | $214K | $528K | — | as long as short |
| tradeXYZ xyz:ARM | +0.0227% | 1h | 331.01 | +0.397% | $8.3M | $8.8M | 10x | as long as short |
| Binance ARMUSDT | +0.0350% | 8h | 331.06 | +0.412% | $8.9M | $50.4M | 20x | as long as short |
| Extended ARM-USD | +0.0352% | 1h | 330.97 | +0.384% | $38K | $334K | 10x | as long as short |
| edgeX ARMUSDC | +0.0559% | 4h | 329.67 | −0.009% | $35K | $354K | 10x | as long as short |
| Bitget ARMUSDT | +0.0597% | 8h | 331.06 | +0.412% | $1.8M | $3.9M | 20x | as long as short |
| KuCoin ARMUSDTMshort | +0.0775% | 8h | 331.11 | +0.428% | $2.4M | $116K | 20x |
Coinbase International ARM-PERP-INTX
GRVT ARM_USDT_Perp
Ondo Perps ARM-USD.P
Gate ARM_USDT
Polymarket Perps ARM-USD
Injective ARM/USDC PERP
Variational Omni ARM
tradeXYZ xyz:ARM
Binance ARMUSDT
Extended ARM-USD
edgeX ARMUSDC
Bitget ARMUSDT