Funding you earn now, next payment 10:00 UTC−0.0248%/8h= −27.1% APRpaid last 24h −0.052%
Price spread now: Aster against Phoenix−0.069%105s7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$205as 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−$1751.754% of the position
Funding, last 7 days−0.292%−$29 on $10k
+Price spread, last 4 days (all we have)+0.081%+$8 · spread now −0.069%, 7d avg −0.030%
=Together, before fees−0.211%+ Points / potential airdropAster: Stage 5 · farm board−$21 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Aster is 0.039% cheaper against Phoenix than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.030%). Swap the legs. The two prices were read 105 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 | Phoenix ARM | 322.50 | 0.0248 | pay 0.0031% / 1h | 5m 36s | $8K | $424K | 10x |
| Short | Aster ARMUSDT | 322.28 | 0 | get 0.0000% / 8h | 5h 05m | $7K | $126K | 20x |
Phoenix ARM
Aster ARMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phoenix. 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
- −$51.99
- Price spread: −0.069% → −0.030%
- −$3.92
- Slippage, 4 orders
- −$160.39
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$231.3
- Costs to cover
- 1.754%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 40 min ago; Aster: live order book, 38 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 Phoenix live order book, 40 min ago | 6.52 bp | 19.0 bp −$19 | 40.7 bp −$407 | doesn't fit | doesn't fit |
| Sell Aster live order book, 38 min ago | 34.64 bp | 75.7 bp −$76 | doesn't fit | doesn't fit | doesn't fit |
ARM on 24 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ARM-USDT | −0.0004% | 8h | 322.38 | −0.037% | $128K | $56K | 20x | as long as short |
| Aster ARMUSDTshort | 0.0000% | 8h | 322.28 | −0.069% | $7K | $126K | 20x | |
| Extended ARM-USD | 0.0000% | 1h | 322.43 | −0.023% | $33K | $325K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 322.55 | +0.016% | $8.2M | $50.5M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 322.65 | +0.047% | $1.9M | $2.1M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 322.54 | +0.012% | $1.7M | $6.3M | 20x | as long as short |
| Gate ARM_USDT | 0.0000% | 8h | 322.63 | +0.040% | $1.4M | $4.1M | 50x | as long as short |
| Bitget ARMUSDT | 0.0000% | 8h | 322.47 | −0.009% | $1.7M | $4.2M | 20x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 322.57 | +0.022% | $187K | $219K | — | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 322.59 | +0.028% | $961 | $2.0M | 10x | as long as short |
BloFin ARM-USDT
Extended ARM-USD
Binance ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Gate ARM_USDT
Bitget ARMUSDT
Variational Omni ARM
SunX ARM-USDTShow all 24 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARM_USDC-PERPETUAL | 0.0000% | 1h | 322.51 | +0.003% | $12K | $53K | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 322.44 | −0.019% | $18K | $10K | 20x | as long as short |
| QFEX ARM-USD | +0.0019% | 1h | 322.49 | −0.003% | $1.1M | $3.3M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 322.49 | −0.003% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 322.65 | +0.047% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 322.97 | +0.146% | $367K | $1.2M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 322.13 | −0.115% | $184K | $442K | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.0057% | 1h | 322.48 | −0.006% | $8.3M | $8.6M | 10x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0096% | 1h | 320.69 | −0.561% | $99K | $269K | 10x | as long as short |
| Injective ARM/USDC PERP | +0.0207% | 1h | 322.26 | −0.074% | $3K | $60K | 12x | as long as short |
| KuCoin ARMUSDTM | +0.0207% | 8h | 322.44 | −0.019% | $2.3M | $318K | 20x | as long as short |
| Phoenix ARMlong | +0.0248% | 1h | 322.50 | long leg | $8K | $424K | 10x | |
| edgeX ARMUSDC | +0.0295% | 4h | 322.50 | 0.000% | $35K | $362K | 10x | as long as short |
| GRVT ARM_USDT_Perp | +0.0365% | 8h | 322.61 | +0.033% | $397 | $261K | 10x | as long as short |
Deribit ARM_USDC-PERPETUAL
HTX ARM-USDT
QFEX ARM-USD
Lighter ARM
Vest ARM-USD-PERP
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
tradeXYZ xyz:ARM
Coinbase International ARM-PERP-INTX
Injective ARM/USDC PERP
KuCoin ARMUSDTM
edgeX ARMUSDC
GRVT ARM_USDT_Perp