Funding you earn now, next payment 06:00 UTC+0.0800%/8h= +87.7% APRpaid last 24h +0.063%
Price spread now: Phoenix against edgeX+0.053%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$510.508% of the position
Funding, last 7 days+0.217%+$22 on $10k
+Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.053%, 7d avg −0.006%
=Together, before fees+0.189%+ Points / potential airdropedgeX: Active · farm board+$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Phoenix is 0.059% dearer against edgeX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.006%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.217% in total (about 11.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX ARMUSDC | 321.09 | −0.0601 | get 0.0301% / 4h | 56m 31s | $34K | $352K | 10x |
| Short | Phoenix ARM | 321.26 | 0.0199 | get 0.0025% / 1h | 56m 31s | $5K | $444K | 10x |
edgeX ARMUSDC
Phoenix ARMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against edgeX. 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
- $168.1
- Price spread: +0.053% → −0.006%
- $5.92
- Slippage, 4 orders
- −$34.81
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $123.21
- Costs to cover
- 0.508%
- Break-even
- 1.9 days
Slippage from edgeX: live order book, 47 min ago; Phoenix: live order book, 46 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 edgeX live order book, 47 min ago | 1.56 bp | 6.6 bp −$7 | 84.5 bp −$845 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 46 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 | −0.0728% | 8h | 321.07 | −0.006% | $1.7M | $4.1M | 20x | as long as short |
| edgeX ARMUSDClong | −0.0601% | 4h | 321.09 | long leg | $34K | $352K | 10x | |
| Aster ARMUSDT | 0.0000% | 8h | 320.70 | −0.122% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 320.88 | −0.065% | $35K | $308K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 320.94 | −0.047% | $8.3M | $50.6M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 320.96 | −0.040% | $1.9M | $2.1M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 321.06 | −0.009% | $1.6M | $6.6M | 20x | as long as short |
| Gate ARM_USDT | 0.0000% | 8h | 320.99 | −0.031% | $1.4M | $4.1M | 50x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 321.26 | +0.054% | $185K | $277K | — | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 321.57 | +0.149% | $441 | $231K | 10x | as long as short |
Bitget ARMUSDT
Aster ARMUSDT
Extended ARM-USD
Binance ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Gate ARM_USDT
Variational Omni ARM
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 | 320.89 | −0.062% | $1K | $2.5M | 10x | as long as short |
| Deribit ARM_USDC-PERPETUAL | 0.0000% | 1h | 321.11 | +0.006% | $12K | $59K | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 320.87 | −0.068% | $18K | $15K | 20x | as long as short |
| BloFin ARM-USDT | +0.0005% | 8h | 320.93 | −0.050% | $121K | $51K | 20x | as long as short |
| QFEX ARM-USD | +0.0025% | 1h | 320.74 | −0.109% | $1.1M | $3.5M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 320.83 | −0.081% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 321.06 | −0.009% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 320.88 | −0.065% | $371K | $1.2M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 320.87 | −0.068% | $183K | $438K | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.0086% | 1h | 320.90 | −0.059% | $8.2M | $8.7M | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0100% | 8h | 321.21 | +0.038% | $2.3M | $119K | 20x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0160% | 1h | 321.18 | +0.028% | $97K | $291K | 10x | as long as short |
| Phoenix ARMshort | +0.0199% | 1h | 321.26 | +0.053% | $5K | $444K | 10x | |
| Injective ARM/USDC PERP | +0.0220% | 1h | 324.38 | +1.025% | $5K | $49K | 12x | as long as short |
SunX ARM-USDT
Deribit ARM_USDC-PERPETUAL
HTX ARM-USDT
BloFin ARM-USDT
QFEX ARM-USD
Lighter ARM
Vest ARM-USD-PERP
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
tradeXYZ xyz:ARM
KuCoin ARMUSDTM
Coinbase International ARM-PERP-INTX
Injective ARM/USDC PERP