Funding you earn now, next payment 23:00 UTC−0.0056%/8h= −6.2% APRpaid last 24h −0.006%
Price spread now: Variational Omni against Phoenix−0.050%99s7-day average +0.011% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.036%−$4 on $10k
+Price spread, last 3 days (all we have)−0.015%−$1 · spread now −0.050%, 7d avg +0.011%
=Together, before fees−0.051%+ Points / potential airdropVariational Omni: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.062% cheaper against Phoenix than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.011%). Swap the legs. The two prices were read 99 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 | 325.87 | 0.0271 | pay 0.0034% / 1h | 1m 50s | $5K | $460K | 10x |
| Short | Variational Omni ARM | 325.71 | 0.0215 | get 0.0215% / 8h | 1m 50s | $213K | $523K | — |
Phoenix ARM
Variational Omni ARMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$11.8
- Price spread: −0.050% → +0.011%
- −$6.16
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$24.96
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 10 min ago; Variational Omni: RFQ quote, 12 min ago. 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, 10 min ago | 6.44 bp | 18.8 bp −$19 | 40.7 bp −$407 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 12 min ago | 2.65 bp | doesn't fit | 35.0 bp −$350 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX ARMUSDC | −0.0583% | 4h | 325.73 | −0.042% | $35K | $351K | 10x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 325.57 | −0.091% | $7K | $126K | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 325.88 | +0.003% | $2.0M | $2.4M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 325.72 | −0.046% | $1.7M | $6.7M | 20x | as long as short |
| Bitget ARMUSDT | 0.0000% | 8h | 325.80 | −0.021% | $1.8M | $4.2M | 20x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 325.50 | −0.114% | $1K | $3.1M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 325.63 | −0.074% | $18K | $17K | 20x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0016% | 1h | 325.94 | +0.021% | $89K | $286K | 10x | as long as short |
| BloFin ARM-USDT | +0.0028% | 8h | 325.86 | −0.003% | $124K | $45K | 20x | as long as short |
| Lighter ARM | +0.0032% | 1h | 325.50 | −0.114% | — | — | 10x | as long as short |
edgeX ARMUSDC
Aster ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Bitget ARMUSDT
SunX ARM-USDT
HTX ARM-USDT
Coinbase International ARM-PERP-INTX
BloFin ARM-USDT
Lighter ARMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX ARM-USD | +0.0033% | 1h | 325.76 | −0.034% | $1.1M | $4.8M | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 325.95 | +0.025% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 325.99 | +0.037% | $382K | $2.1M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 325.72 | −0.046% | $208K | $551K | 10x | as long as short |
| Gate ARM_USDT | +0.0077% | 8h | 326.08 | +0.064% | $1.5M | $4.2M | 50x | as long as short |
| tradeXYZ xyz:ARM | +0.0129% | 1h | 325.87 | 0.000% | $8.0M | $9.6M | 10x | as long as short |
| Variational Omni ARMshort | +0.0215% | 8h | 325.71 | −0.050% | $213K | $523K | — | |
| Injective ARM/USDC PERP | +0.0220% | 1h | 330.15 | +1.313% | $5K | $52K | 12x | as long as short |
| Phoenix ARMlong | +0.0271% | 1h | 325.87 | long leg | $5K | $460K | 10x | |
| Binance ARMUSDT | +0.0349% | 8h | 325.89 | +0.007% | $8.7M | $50.8M | 20x | as long as short |
| Extended ARM-USD | +0.0352% | 1h | 325.83 | −0.013% | $39K | $188K | 10x | as long as short |
| GRVT ARM_USDT_Perp | +0.0373% | 8h | 325.92 | +0.015% | $577 | $199K | 10x | as long as short |
| Deribit ARM_USDC-PERPETUAL | +0.0487% | 1h | 325.87 | 0.000% | $12K | $128K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0709% | 8h | 326.16 | +0.089% | $2.3M | $119K | 20x | as long as short |
QFEX ARM-USD
Vest ARM-USD-PERP
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
Gate ARM_USDT
tradeXYZ xyz:ARM
Injective ARM/USDC PERP
Binance ARMUSDT
Extended ARM-USD
GRVT ARM_USDT_Perp
Deribit ARM_USDC-PERPETUAL
KuCoin ARMUSDTM