Funding you earn now, next payment 06:00 UTC+0.0199%/8h= +21.8% APRpaid last 24h 0.000%
Price spread now: Phoenix against Binance+0.163%65s7-day average −0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as 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−$630.634% of the position
Funding, last 7 days+0.182%+$18 on $10k
+Price spread, last 4 days (all we have)−0.541%−$54 · spread now +0.163%, 7d avg −0.051%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.213% dearer against Binance than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.051%. The two prices were read 65 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 | Binance ARMUSDT | 319.98 | 0 | get 0.0000% / 8h | 1h 14m | $8.2M | $50.4M | 20x |
| Short | Phoenix ARM | 320.50 | 0.0199 | get 0.0025% / 1h | 14m 21s | $5K | $444K | 10x |
Binance ARMUSDT
Phoenix ARMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Binance. 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
- $41.85
- Price spread: +0.163% → −0.051%
- $21.31
- Slippage, 4 orders
- −$46.38
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$0.23
- Costs to cover
- 0.634%
- Break-even
- 7.0 days
Slippage from Binance: live order book, 13 min ago; Phoenix: live order book, 28 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 Binance live order book, 13 min ago | 0.47 bp | 11.9 bp −$12 | 26.9 bp −$269 | 110.0 bp −$11.0K | doesn't fit |
| Sell Phoenix live order book, 28 min ago | 6.56 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget ARMUSDT | −0.0876% | 8h | 320.06 | +0.025% | $1.7M | $4.0M | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 319.80 | −0.056% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 319.92 | −0.018% | $36K | $267K | 10x | as long as short |
| Binance ARMUSDTlong | 0.0000% | 8h | 319.98 | long leg | $8.2M | $50.4M | 20x | |
| Bybit ARMUSDT | 0.0000% | 8h | 319.97 | −0.003% | $1.9M | $2.1M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 319.96 | −0.006% | $1.6M | $6.6M | 20x | as long as short |
| Gate ARM_USDT | 0.0000% | 8h | 320.06 | +0.025% | $1.4M | $4.2M | 50x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 319.92 | −0.017% | $184K | $280K | — | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 320.24 | +0.081% | $932 | $230K | 10x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 319.71 | −0.084% | $1K | $2.5M | 10x | as long as short |
Bitget ARMUSDT
Aster ARMUSDT
Extended ARM-USD
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Gate ARM_USDT
Variational Omni ARM
GRVT ARM_USDT_Perp
SunX ARM-USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX ARM-USDT | 0.0000% | 8h | 319.77 | −0.066% | $18K | $16K | 20x | as long as short |
| BloFin ARM-USDT | +0.0020% | 8h | 319.69 | −0.091% | $121K | $51K | 20x | as long as short |
| QFEX ARM-USD | +0.0021% | 1h | 319.71 | −0.084% | $1.1M | $3.5M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 319.54 | −0.138% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 319.83 | −0.047% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 319.74 | −0.075% | $370K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 320.16 | +0.056% | $183K | $431K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0100% | 8h | 320.05 | +0.022% | $2.3M | $119K | 20x | as long as short |
| tradeXYZ xyz:ARM | +0.0171% | 1h | 319.84 | −0.044% | $8.1M | $8.7M | 10x | as long as short |
| Phoenix ARMshort | +0.0199% | 1h | 320.50 | +0.163% | $5K | $444K | 10x | |
| Coinbase International ARM-PERP-INTX | +0.0200% | 1h | 320.05 | +0.022% | $99K | $291K | 10x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 323.28 | +1.031% | $5K | $50K | 12x | as long as short |
| edgeX ARMUSDC | +0.0460% | 4h | 320.35 | +0.116% | $34K | $353K | 10x | as long as short |
| Deribit ARM_USDC-PERPETUAL | +0.0469% | 1h | 320.02 | +0.013% | $12K | $59K | 10x | as long as short |
HTX ARM-USDT
BloFin ARM-USDT
QFEX ARM-USD
Lighter ARM
Vest ARM-USD-PERP
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
KuCoin ARMUSDTM
tradeXYZ xyz:ARM
Coinbase International ARM-PERP-INTX
Injective ARM/USDC PERP
edgeX ARMUSDC
Deribit ARM_USDC-PERPETUAL