Funding you earn now, next payment 01:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h −0.006%
Price spread now: Binance against Phoenix−0.163%55s7-day average +0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as 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−$590.590% of the position
Funding, last 7 days−0.186%−$19 on $10k
+Price spread, last 2 days (all we have)+0.228%+$23 · spread now −0.163%, 7d avg +0.081%
=Funding pays, the price is against you. Binance is 0.243% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.163% now, against its 7-day average of +0.081%). If the spread goes back, that is −$24 on $10k: about 6.6 days of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.186%, so the current rate has only just turned in your favour. The two prices were read 55 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 | 328.81 | 0.0121 | pay 0.0015% / 1h | 16m 40s | $5K | $444K | 10x |
| Short | Binance ARMUSDT | 328.28 | 0.0245 | get 0.0245% / 8h | 6h 16m | $8.6M | $50.4M | 20x |
Phoenix ARM
Binance ARMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $26.01
- Price spread: −0.163% → +0.081%
- −$24.35
- Slippage, 4 orders
- −$41.99
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$57.32
- Costs to cover
- 0.590%
- Break-even
- 22.4 days
Slippage from Phoenix: live order book, 50 min ago; Binance: live order book, 10 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, 50 min ago | 6.36 bp | 18.9 bp −$19 | 40.6 bp −$406 | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 1.37 bp | 10.8 bp −$11 | 30.3 bp −$303 | 88.0 bp −$8,796 | doesn't fit |
ARM on 23 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 | −0.0373% | 4h | 328.22 | −0.179% | $35K | $346K | 10x | as long as short |
| Coinbase International ARM-PERP-INTX | −0.0024% | 1h | 328.06 | −0.228% | $99K | $287K | 10x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 328.18 | −0.192% | $7K | $126K | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 328.09 | −0.219% | $2.0M | $2.2M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 328.19 | −0.189% | $1.7M | $6.6M | 20x | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 328.23 | −0.176% | $853 | $186K | 10x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 328.36 | −0.137% | $1K | $2.8M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 328.57 | −0.073% | $18K | $16K | 20x | as long as short |
| QFEX ARM-USD | +0.0015% | 1h | 328.16 | −0.198% | $1.1M | $4.4M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 328.12 | −0.210% | — | — | 10x | as long as short |
edgeX ARMUSDC
Coinbase International ARM-PERP-INTX
Aster ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
GRVT ARM_USDT_Perp
SunX ARM-USDT
HTX ARM-USDT
QFEX ARM-USD
Lighter ARMShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest ARM-USD-PERP | +0.0046% | 1h | 328.40 | −0.125% | — | — | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.0050% | 1h | 328.27 | −0.164% | $8.3M | $8.9M | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 328.30 | −0.155% | $380K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 328.07 | −0.225% | $201K | $402K | 10x | as long as short |
| Phoenix ARMlong | +0.0121% | 1h | 328.81 | long leg | $5K | $444K | 10x | |
| Variational Omni ARM | +0.0132% | 8h | 328.41 | −0.120% | $213K | $332K | — | as long as short |
| Gate ARM_USDT | +0.0160% | 8h | 328.53 | −0.085% | $1.5M | $4.2M | 50x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 332.02 | +0.976% | $5K | $50K | 12x | as long as short |
| Binance ARMUSDTshort | +0.0245% | 8h | 328.28 | −0.163% | $8.6M | $50.4M | 20x | |
| Extended ARM-USD | +0.0248% | 1h | 328.25 | −0.172% | $36K | $273K | 10x | as long as short |
| Bitget ARMUSDT | +0.0479% | 8h | 328.32 | −0.149% | $1.8M | $3.8M | 20x | as long as short |
| Deribit ARM_USDC-PERPETUAL | +0.0542% | 1h | 328.47 | −0.103% | $12K | $125K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0775% | 8h | 328.38 | −0.131% | $2.4M | $120K | 20x | as long as short |
Vest ARM-USD-PERP
tradeXYZ xyz:ARM
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
Variational Omni ARM
Gate ARM_USDT
Injective ARM/USDC PERP
Extended ARM-USD
Bitget ARMUSDT
Deribit ARM_USDC-PERPETUAL
KuCoin ARMUSDTM