Funding you earn now, next payment 04:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.09 per $10,000 · paid last 24h +0.044%
Price spread now: Phoenix against Ondo Perps−0.065%48s7-day average +0.061% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.115%+$12 on $10k
+Price spread, last 4 days (all we have)+0.141%+$14 · spread now −0.065%, 7d avg +0.061%
=Together, before fees+0.256%+ Points / potential airdropOndo Perps: Active · farm board+$26 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.126% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.065% now, against its 7-day average of +0.061%). If the spread goes back, that is −$13 on $10k: about 5.8 days of funding at the current rate (+$2 a day). The two prices were read 48 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 | Ondo Perps ARM-USD.P | 321.97 | 0.0050 | pay 0.0006% / 1h | 14m 30s | $186K | $416K | 10x |
| Short | Phoenix ARM | 321.76 | 0.0123 | get 0.0015% / 1h | 14m 30s | $5K | $446K | 10x |
Ondo Perps ARM-USD.P
Phoenix ARMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Ondo Perps. 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
- $15.17
- Price spread: −0.065% → +0.061%
- −$12.62
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$9.45
- Costs to cover
- 0.120%
- Break-even
- 11.4 days
Slippage unknown: Ondo Perps: no order-book sample; Phoenix: live order book, 38 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 38 min ago | 6.47 bp | 18.8 bp −$19 | 40.7 bp −$407 | doesn't fit | doesn't fit |
Ondo Perps: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget ARMUSDT | −0.0288% | 8h | 322.66 | +0.214% | $1.8M | $3.9M | 20x | as long as short |
| BloFin ARM-USDT | −0.0019% | 8h | 322.16 | +0.059% | $123K | $50K | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 322.06 | +0.029% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 322.18 | +0.064% | $37K | $272K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 322.33 | +0.112% | $8.3M | $50.7M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 322.14 | +0.053% | $1.9M | $2.2M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 322.25 | +0.087% | $1.6M | $6.7M | 20x | as long as short |
| Gate ARM_USDT | 0.0000% | 8h | 322.33 | +0.112% | $1.4M | $4.4M | 50x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 322.49 | +0.161% | $208K | $288K | — | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 322.06 | +0.028% | $741 | $216K | 10x | as long as short |
Bitget ARMUSDT
BloFin ARM-USDT
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 | 322.52 | +0.171% | $871 | $2.6M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 321.59 | −0.118% | $18K | $17K | 20x | as long as short |
| QFEX ARM-USD | +0.0014% | 1h | 322.33 | +0.112% | $1.1M | $3.7M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 321.90 | −0.022% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 322.44 | +0.146% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 322.22 | +0.078% | $373K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.Plong | +0.0050% | 1h | 321.97 | long leg | $186K | $416K | 10x | |
| Phoenix ARMshort | +0.0123% | 1h | 321.76 | −0.065% | $5K | $446K | 10x | |
| tradeXYZ xyz:ARM | +0.0124% | 1h | 322.29 | +0.099% | $8.1M | $8.7M | 10x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0128% | 1h | 322.33 | +0.112% | $100K | $314K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0135% | 8h | 322.30 | +0.102% | $2.3M | $119K | 20x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 324.93 | +0.919% | $5K | $50K | 12x | as long as short |
| Deribit ARM_USDC-PERPETUAL | +0.0588% | 1h | 322.35 | +0.118% | $12K | $59K | 10x | as long as short |
| edgeX ARMUSDC | +0.0906% | 4h | 322.13 | +0.048% | $34K | $351K | 10x | as long as short |
SunX ARM-USDT
HTX ARM-USDT
QFEX ARM-USD
Lighter ARM
Vest ARM-USD-PERP
Polymarket Perps ARM-USD
tradeXYZ xyz:ARM
Coinbase International ARM-PERP-INTX
KuCoin ARMUSDTM
Injective ARM/USDC PERP
Deribit ARM_USDC-PERPETUAL
edgeX ARMUSDC