Funding you earn now, next payment 10:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.01 per $10,000 · paid last 24h −0.009%
Price spread now: tradeXYZ against Phoenix−0.325%61s7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as 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−$620.617% of the position
Funding, last 7 days−0.042%−$4 on $10k
+Price spread, last 4 days (all we have)+0.310%+$31 · spread now −0.325%, 7d avg −0.006%
=Together, before fees+0.268%+ Points / potential airdroptradeXYZ: Active · farm board+$27 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and tradeXYZ is 0.319% cheaper against Phoenix than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of −0.006%). Swap the legs. The two prices were read 61 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 | 323.20 | 0.0248 | pay 0.0031% / 1h | 46m 32s | $8K | $424K | 10x |
| Short | tradeXYZ xyz:ARM | 322.15 | 0.0238 | get 0.0030% / 1h | 46m 32s | $8.3M | $8.7M | 10x |
Phoenix ARM
tradeXYZ xyz:ARMFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$1.95
- Price spread: −0.325% → −0.006%
- −$31.92
- Slippage, 4 orders
- −$36.67
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$95.54
- Costs to cover
- 0.617%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 63 min ago; tradeXYZ: live order book, 5 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, 63 min ago | 6.56 bp | 18.9 bp −$19 | 40.7 bp −$407 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 5 min ago | 0.46 bp | 12.7 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
ARM on 24 exchanges
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 | −0.0644% | 4h | 323.00 | −0.062% | $35K | $362K | 10x | as long as short |
| BloFin ARM-USDT | −0.0022% | 8h | 322.43 | −0.238% | $125K | $56K | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 322.45 | −0.232% | $7K | $126K | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 322.33 | −0.269% | $1.9M | $2.1M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 322.26 | −0.291% | $1.7M | $6.2M | 20x | as long as short |
| Gate ARM_USDT | 0.0000% | 8h | 322.35 | −0.263% | $1.4M | $4.0M | 50x | as long as short |
| Bitget ARMUSDT | 0.0000% | 8h | 322.30 | −0.278% | $1.7M | $4.2M | 20x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 322.99 | −0.066% | $187K | $219K | — | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 322.08 | −0.347% | $1K | $2.1M | 10x | as long as short |
| Deribit ARM_USDC-PERPETUAL | 0.0000% | 1h | 322.63 | −0.176% | $12K | $55K | 10x | as long as short |
edgeX ARMUSDC
BloFin ARM-USDT
Aster ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Gate ARM_USDT
Bitget ARMUSDT
Variational Omni ARM
SunX ARM-USDT
Deribit ARM_USDC-PERPETUALShow all 24 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX ARM-USDT | 0.0000% | 8h | 322.89 | −0.096% | $18K | $12K | 20x | as long as short |
| Binance ARMUSDT | +0.0005% | 8h | 322.30 | −0.278% | $8.3M | $50.5M | 20x | as long as short |
| Extended ARM-USD | +0.0008% | 1h | 322.29 | −0.280% | $32K | $324K | 10x | as long as short |
| QFEX ARM-USD | +0.0019% | 1h | 322.12 | −0.334% | $1.1M | $3.3M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 322.49 | −0.220% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 322.21 | −0.306% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 322.27 | −0.288% | $372K | $1.2M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 322.66 | −0.167% | $182K | $445K | 10x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0096% | 1h | 321.45 | −0.541% | $99K | $271K | 10x | as long as short |
| Injective ARM/USDC PERP | +0.0207% | 1h | 322.26 | −0.291% | $3K | $60K | 12x | as long as short |
| KuCoin ARMUSDTM | +0.0211% | 8h | 322.87 | −0.102% | $2.3M | $275K | 20x | as long as short |
| tradeXYZ xyz:ARMshort | +0.0238% | 1h | 322.15 | −0.325% | $8.3M | $8.7M | 10x | |
| Phoenix ARMlong | +0.0248% | 1h | 323.20 | long leg | $8K | $424K | 10x | |
| GRVT ARM_USDT_Perp | +0.0873% | 8h | 323.11 | −0.028% | $291 | $254K | 10x | as long as short |
HTX ARM-USDT
Binance ARMUSDT
Extended ARM-USD
QFEX ARM-USD
Lighter ARM
Vest ARM-USD-PERP
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
Coinbase International ARM-PERP-INTX
Injective ARM/USDC PERP
KuCoin ARMUSDTM
GRVT ARM_USDT_Perp