Funding you earn now, next payment 07:00 UTC−0.0192%/8h= −21.0% APRnext payment −$0.24 per $10,000 · paid last 24h —
Price spread now: Lighter against Phoenix−0.009%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ARM | 322.18 | 0.0224 | pay 0.0028% / 1h | 38m 24s | $5K | $444K | 10x |
| Short | Lighter ARM | 322.15 | 0.0032 | get 0.0004% / 1h | 38m 24s | — | — | 10x |
Phoenix ARM
Lighter ARMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$40.31
- Price spread: −0.009% → 0.000%
- −$0.93
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$48.25
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 64 min ago; Lighter: 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, 64 min ago | 6.56 bp | 18.9 bp −$19 | 40.7 bp −$407 | doesn't fit | doesn't fit |
| Sell Lighter no order-book sample | — | — | — | — | — |
Lighter: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget ARMUSDT | −0.0533% | 8h | 322.36 | +0.056% | $1.7M | $4.0M | 20x | as long as short |
| edgeX ARMUSDC | −0.0241% | 4h | 322.53 | +0.107% | $34K | $353K | 10x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 322.27 | +0.029% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 322.24 | +0.020% | $35K | $314K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 322.33 | +0.047% | $8.3M | $50.1M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 322.38 | +0.062% | $1.9M | $2.1M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 322.24 | +0.019% | $1.6M | $6.5M | 20x | as long as short |
| Gate ARM_USDT | 0.0000% | 8h | 322.36 | +0.056% | $1.4M | $4.1M | 50x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 322.74 | +0.174% | $186K | $251K | — | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 322.57 | +0.121% | $710 | $233K | 10x | as long as short |
Bitget ARMUSDT
edgeX ARMUSDC
Aster ARMUSDT
Extended ARM-USD
Binance ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Gate ARM_USDT
Variational Omni ARM
GRVT ARM_USDT_PerpShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX ARM-USDT | 0.0000% | 8h | 322.20 | +0.006% | $999 | $2.4M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 322.23 | +0.016% | $18K | $15K | 20x | as long as short |
| BloFin ARM-USDT | +0.0008% | 8h | 322.29 | +0.034% | $122K | $52K | 20x | as long as short |
| QFEX ARM-USD | +0.0025% | 1h | 322.33 | +0.047% | $1.1M | $3.5M | 10x | as long as short |
| Lighter ARMshort | +0.0032% | 1h | 322.15 | −0.009% | — | — | 10x | |
| Vest ARM-USD-PERP | +0.0046% | 1h | 322.47 | +0.090% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 322.31 | +0.040% | $373K | $1.2M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 322.79 | +0.189% | $186K | $435K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0100% | 8h | 322.26 | +0.025% | $2.3M | $115K | 20x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0160% | 1h | 321.18 | −0.310% | $97K | $290K | 10x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 324.38 | +0.683% | $5K | $49K | 12x | as long as short |
| Phoenix ARMlong | +0.0224% | 1h | 322.18 | long leg | $5K | $444K | 10x | |
| tradeXYZ xyz:ARM | +0.0227% | 1h | 322.28 | +0.031% | $8.2M | $8.6M | 10x | as long as short |
| Deribit ARM_USDC-PERPETUAL | +0.0340% | 1h | 322.38 | +0.062% | $12K | $59K | 10x | as long as short |
SunX ARM-USDT
HTX ARM-USDT
BloFin ARM-USDT
QFEX ARM-USD
Vest ARM-USD-PERP
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
KuCoin ARMUSDTM
Coinbase International ARM-PERP-INTX
Injective ARM/USDC PERP
tradeXYZ xyz:ARM
Deribit ARM_USDC-PERPETUAL