Funding you earn now, next payment 03:00 UTC−0.0195%/8h= −21.3% APRpaid last 24h −0.060%
Price spread now: OKX against Phoenix+0.028%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$700.696% of the position
Funding, last 7 days−0.231%−$23 on $10k
+Price spread, last 4 days (all we have)−0.008%−$1 · spread now +0.028%, 7d avg +0.002%
=The price spread pays, funding is against you. OKX is 0.026% dearer against Phoenix than usual: you sell high and buy low (spread +0.028% now, against its 7-day average of +0.002%): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 11 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ARM | 326.80 | 0.0195 | pay 0.0024% / 1h | 21m 01s | $5K | $444K | 10x |
| Short | OKX ARM-USDT-SWAP | 326.89 | 0 | get 0.0000% / 8h | 4h 21m | $1.7M | $6.7M | 20x |
Phoenix ARM
OKX ARM-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$40.89
- Price spread: +0.028% → +0.002%
- $2.56
- Slippage, 4 orders
- −$52.64
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$107.96
- Costs to cover
- 0.696%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 36 min ago; OKX: live order book, 2 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, 36 min ago | 6.39 bp | 18.9 bp −$19 | 40.7 bp −$407 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 1.99 bp | 17.8 bp −$18 | 50.6 bp −$506 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ARM-USDT | −0.0005% | 8h | 326.90 | +0.031% | $127K | $50K | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 326.86 | +0.020% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 326.79 | −0.002% | $39K | $267K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 326.86 | +0.018% | $8.6M | $50.0M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 326.90 | +0.031% | $2.0M | $2.1M | 25x | as long as short |
| OKX ARM-USDT-SWAPshort | 0.0000% | 8h | 326.89 | +0.028% | $1.7M | $6.7M | 20x | |
| Bitget ARMUSDT | 0.0000% | 8h | 327.15 | +0.107% | $1.8M | $3.9M | 20x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 327.01 | +0.064% | $212K | $303K | — | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 327.06 | +0.078% | $720 | $199K | 10x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 326.91 | +0.034% | $1K | $2.7M | 10x | as long as short |
BloFin ARM-USDT
Aster ARMUSDT
Extended ARM-USD
Binance ARMUSDT
Bybit ARMUSDT
Bitget ARMUSDT
Variational Omni ARM
GRVT ARM_USDT_Perp
SunX ARM-USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX ARM-USDT | 0.0000% | 8h | 326.68 | −0.037% | $18K | $16K | 20x | as long as short |
| QFEX ARM-USD | +0.0025% | 1h | 327.05 | +0.076% | $1.1M | $3.9M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 326.69 | −0.034% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 327.33 | +0.162% | — | — | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.0050% | 1h | 326.85 | +0.015% | $8.2M | $8.8M | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 327.00 | +0.061% | $379K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 327.16 | +0.110% | $200K | $412K | 10x | as long as short |
| Deribit ARM_USDC-PERPETUAL | +0.0056% | 1h | 326.83 | +0.009% | $12K | $92K | 10x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0088% | 1h | 326.96 | +0.049% | $98K | $306K | 10x | as long as short |
| Gate ARM_USDT | +0.0092% | 8h | 327.03 | +0.070% | $1.5M | $4.3M | 50x | as long as short |
| Phoenix ARMlong | +0.0195% | 1h | 326.80 | long leg | $5K | $444K | 10x | |
| Injective ARM/USDC PERP | +0.0220% | 1h | 330.69 | +1.190% | $5K | $50K | 12x | as long as short |
| KuCoin ARMUSDTM | +0.0378% | 8h | 326.96 | +0.049% | $2.3M | $118K | 20x | as long as short |
| edgeX ARMUSDC | +0.0741% | 4h | 327.03 | +0.069% | $35K | $348K | 10x | as long as short |
HTX ARM-USDT
QFEX ARM-USD
Lighter ARM
Vest ARM-USD-PERP
tradeXYZ xyz:ARM
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
Deribit ARM_USDC-PERPETUAL
Coinbase International ARM-PERP-INTX
Gate ARM_USDT
Injective ARM/USDC PERP
KuCoin ARMUSDTM
edgeX ARMUSDC