Funding you earn now, next payment 08:00 UTC+0.0178%/8h= +19.5% APRnext payment +$0.22 per $10,000 · paid last 24h +0.040%
Price spread now: Phoenix against Vest+0.041%58s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phoenix is 0.041% dearer against Vest than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 58 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 | Vest ARM-USD-PERP | 320.23 | 0.0046 | pay 0.0006% / 1h | 59m 43s | — | — | 10x |
| Short | Phoenix ARM | 320.36 | 0.0224 | get 0.0028% / 1h | 59m 43s | $5K | $414K | 10x |
Vest ARM-USD-PERP
Phoenix ARMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Vest. 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
- $37.4
- Price spread: +0.041% → 0.000%
- $4.06
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $32.46
- Costs to cover
- 0.090%
- Break-even
- 0.9 days
Slippage unknown: Vest: no order-book sample; Phoenix: live order book, 32 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 Vest no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 32 min ago | 6.62 bp | 18.9 bp −$19 | 40.9 bp −$409 | doesn't fit | doesn't fit |
Vest: 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX ARMUSDC | −0.0985% | 4h | 320.62 | +0.122% | $35K | $361K | 10x | as long as short |
| Bitget ARMUSDT | −0.0192% | 8h | 320.37 | +0.044% | $1.7M | $4.1M | 20x | as long as short |
| BloFin ARM-USDT | −0.0001% | 8h | 320.01 | −0.069% | $122K | $53K | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 320.11 | −0.039% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 320.35 | +0.036% | $34K | $317K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 320.29 | +0.019% | $8.2M | $49.9M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 320.38 | +0.047% | $1.9M | $2.1M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 320.23 | 0.000% | $1.6M | $6.1M | 20x | as long as short |
| Gate ARM_USDT | 0.0000% | 8h | 320.46 | +0.072% | $1.4M | $4.1M | 50x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 320.06 | −0.053% | $185K | $255K | — | as long as short |
edgeX ARMUSDC
Bitget ARMUSDT
BloFin ARM-USDT
Aster ARMUSDT
Extended ARM-USD
Binance ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Gate ARM_USDT
Variational Omni ARMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX ARM-USDT | 0.0000% | 8h | 320.45 | +0.069% | $1K | $2.2M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 320.40 | +0.053% | $18K | $13K | 20x | as long as short |
| QFEX ARM-USD | +0.0020% | 1h | 319.89 | −0.106% | $1.1M | $3.3M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 320.03 | −0.062% | — | — | 10x | as long as short |
| Vest ARM-USD-PERPlong | +0.0046% | 1h | 320.23 | long leg | — | — | 10x | |
| tradeXYZ xyz:ARM | +0.0050% | 1h | 320.32 | +0.028% | $8.1M | $8.7M | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 320.15 | −0.025% | $370K | $1.2M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 320.31 | +0.025% | $182K | $429K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0100% | 8h | 320.37 | +0.044% | $2.3M | $194K | 20x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0104% | 1h | 320.32 | +0.028% | $100K | $280K | 10x | as long as short |
| Deribit ARM_USDC-PERPETUAL | +0.0187% | 1h | 320.52 | +0.091% | $12K | $56K | 10x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 320.02 | −0.066% | $11K | $51K | 12x | as long as short |
| Phoenix ARMshort | +0.0224% | 1h | 320.36 | +0.041% | $5K | $414K | 10x | |
| GRVT ARM_USDT_Perp | +0.0290% | 8h | 320.71 | +0.150% | $1K | $243K | 10x | as long as short |
SunX ARM-USDT
HTX ARM-USDT
QFEX ARM-USD
Lighter ARM
tradeXYZ xyz:ARM
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
KuCoin ARMUSDTM
Coinbase International ARM-PERP-INTX
Deribit ARM_USDC-PERPETUAL
Injective ARM/USDC PERP
GRVT ARM_USDT_Perp