Funding you earn now, next payment 22:00 UTC−0.0148%/8h= −16.2% APRnext payment −$0.18 per $10,000 · paid last 24h +0.002%
Price spread now: Ondo Perps against Phoenix+0.077%48s7-day average −0.057% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.115%−$11 on $10k
+Price spread, last 3 days (all we have)−0.153%−$15 · spread now +0.077%, 7d avg −0.057%
=Together, before fees−0.268%+ Points / potential airdropOndo Perps: Active · farm board−$27 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.134% dearer against Phoenix than usual: you sell high and buy low (spread +0.077% now, against its 7-day average of −0.057%): +$13 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.0 days. At the pace of the last 7 days (−0.115% in total) that is about 8.2 days. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ARM | 324.29 | 0.0198 | pay 0.0025% / 1h | 26m 15s | $5K | $460K | 10x |
| Short | Ondo Perps ARM-USD.P | 324.54 | 0.0050 | get 0.0006% / 1h | 26m 15s | $215K | $555K | 10x |
Phoenix ARM
Ondo Perps ARM-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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
- −$31.07
- Price spread: +0.077% → −0.057%
- $13.44
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$29.63
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Phoenix: live order book, 56 min ago; Ondo Perps: 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, 56 min ago | 6.50 bp | 18.9 bp −$19 | 40.7 bp −$407 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ARMUSDT | 0.0000% | 8h | 324.30 | +0.002% | $7K | $126K | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 324.42 | +0.040% | $2.0M | $2.6M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 324.16 | −0.040% | $1.7M | $6.8M | 20x | as long as short |
| Bitget ARMUSDT | 0.0000% | 8h | 324.31 | +0.006% | $1.7M | $4.2M | 20x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 324.01 | −0.085% | $276K | $459K | — | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 324.36 | +0.022% | $1K | $3.2M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 324.15 | −0.043% | $18K | $16K | 20x | as long as short |
| BloFin ARM-USDT | +0.0027% | 8h | 324.84 | +0.170% | $123K | $44K | 20x | as long as short |
| Lighter ARM | +0.0032% | 1h | 324.34 | +0.015% | — | — | 10x | as long as short |
| QFEX ARM-USD | +0.0043% | 1h | 324.46 | +0.052% | $1.1M | $4.7M | 10x | as long as short |
Aster ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Bitget ARMUSDT
Variational Omni ARM
SunX ARM-USDT
HTX ARM-USDT
BloFin ARM-USDT
Lighter ARM
QFEX ARM-USDShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest ARM-USD-PERP | +0.0046% | 1h | 324.70 | +0.126% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 324.42 | +0.040% | $366K | $1.5M | 10x | as long as short |
| Ondo Perps ARM-USD.Pshort | +0.0050% | 1h | 324.54 | +0.077% | $215K | $555K | 10x | |
| Extended ARM-USD | +0.0064% | 1h | 324.35 | +0.019% | $39K | $188K | 10x | as long as short |
| Gate ARM_USDT | +0.0064% | 8h | 324.62 | +0.102% | $1.5M | $4.1M | 50x | as long as short |
| Binance ARMUSDT | +0.0067% | 8h | 324.37 | +0.025% | $8.6M | $51.2M | 20x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0088% | 1h | 323.28 | −0.311% | $83K | $289K | 10x | as long as short |
| GRVT ARM_USDT_Perp | +0.0181% | 8h | 324.32 | +0.008% | $383 | $211K | 10x | as long as short |
| Phoenix ARMlong | +0.0198% | 1h | 324.29 | long leg | $5K | $460K | 10x | |
| Injective ARM/USDC PERP | +0.0220% | 1h | 326.88 | +0.799% | $5K | $52K | 12x | as long as short |
| Deribit ARM_USDC-PERPETUAL | +0.0243% | 1h | 324.56 | +0.083% | $12K | $145K | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.0269% | 1h | 324.56 | +0.083% | $7.9M | $10.0M | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0347% | 8h | 324.30 | +0.003% | $2.3M | $117K | 20x | as long as short |
| edgeX ARMUSDC | +0.0972% | 4h | 324.46 | +0.051% | $34K | $347K | 10x | as long as short |
Vest ARM-USD-PERP
Polymarket Perps ARM-USD
Extended ARM-USD
Gate ARM_USDT
Binance ARMUSDT
Coinbase International ARM-PERP-INTX
GRVT ARM_USDT_Perp
Injective ARM/USDC PERP
Deribit ARM_USDC-PERPETUAL
tradeXYZ xyz:ARM
KuCoin ARMUSDTM
edgeX ARMUSDC