Funding you earn now, next payment 21:00 UTC+0.0149%/8h= +16.3% APRpaid last 24h +0.012%
Price spread now: Phoenix against Variational Omni−0.134%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)+0.032%+$3 on $10k
+Price spread, last 3 days (all we have)+0.217%+$22 · spread now −0.134%, 7d avg −0.011%
=Together, before fees+0.249%+ Points / potential airdropVariational Omni: Active · farm board+$25 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.123% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.134% now, against its 7-day average of −0.011%). If the spread goes back, that is −$12 on $10k: about 2.8 days of funding at the current rate (+$4 a day). At the pace of the last 3 days (+0.032% in total) that is about 12 days. 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 | Variational Omni ARM | 323.19 | 0 | get 0.0000% / 8h | 2h 31m | $276K | $460K | — |
| Short | Phoenix ARM | 322.76 | 0.0149 | get 0.0019% / 1h | 31m 50s | $5K | $460K | 10x |
Variational Omni ARM
Phoenix ARMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Variational Omni. 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
- $31.27
- Price spread: −0.134% → −0.011%
- −$12.35
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $11.92
- Costs to cover
- 0.070%
- Break-even
- 4.3 days
Slippage unknown: Variational Omni: RFQ quote, 57 min ago; Phoenix: live order book, 55 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 Variational Omni RFQ quote, 57 min ago | 2.98 bp | doesn't fit | 61.5 bp −$615 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 55 min ago | 6.51 bp | 18.9 bp −$19 | 40.8 bp −$408 | 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 | −0.0241% | 4h | 322.96 | −0.073% | $34K | $347K | 10x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 322.50 | −0.214% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 322.94 | −0.080% | $39K | $188K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 322.99 | −0.063% | $8.5M | $51.0M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 322.85 | −0.106% | $2.0M | $2.6M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 322.80 | −0.122% | $1.6M | $6.7M | 20x | as long as short |
| Gate ARM_USDT | 0.0000% | 8h | 323.09 | −0.032% | $1.5M | $4.0M | 50x | as long as short |
| Bitget ARMUSDT | 0.0000% | 8h | 322.95 | −0.075% | $1.7M | $4.2M | 20x | as long as short |
| Variational Omni ARMlong | 0.0000% | 8h | 323.19 | long leg | $276K | $460K | — | |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 322.87 | −0.100% | $358 | $215K | 10x | as long as short |
edgeX ARMUSDC
Aster ARMUSDT
Extended ARM-USD
Binance ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Gate ARM_USDT
Bitget ARMUSDT
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 | 322.60 | −0.184% | $990 | $3.2M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 323.16 | −0.010% | $18K | $16K | 20x | as long as short |
| BloFin ARM-USDT | +0.0007% | 8h | 322.69 | −0.156% | $122K | $43K | 20x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0024% | 1h | 322.36 | −0.258% | $90K | $276K | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 322.60 | −0.184% | — | — | 10x | as long as short |
| QFEX ARM-USD | +0.0035% | 1h | 322.81 | −0.119% | $1.1M | $4.6M | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 322.88 | −0.097% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 322.80 | −0.122% | $377K | $1.4M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 322.84 | −0.109% | $210K | $549K | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.0055% | 1h | 322.78 | −0.128% | $7.6M | $9.8M | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0100% | 8h | 323.17 | −0.007% | $2.3M | $117K | 20x | as long as short |
| Phoenix ARMshort | +0.0149% | 1h | 322.76 | −0.134% | $5K | $460K | 10x | |
| Injective ARM/USDC PERP | +0.0220% | 1h | 325.90 | +0.837% | $5K | $52K | 12x | as long as short |
| Deribit ARM_USDC-PERPETUAL | +0.0401% | 1h | 322.91 | −0.088% | $12K | $144K | 10x | as long as short |
SunX ARM-USDT
HTX ARM-USDT
BloFin ARM-USDT
Coinbase International ARM-PERP-INTX
Lighter ARM
QFEX ARM-USD
Vest ARM-USD-PERP
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
tradeXYZ xyz:ARM
KuCoin ARMUSDTM
Injective ARM/USDC PERP
Deribit ARM_USDC-PERPETUAL