Funding you earn now, next payment 04:00 UTC−0.0145%/8h= −15.9% APRpaid last 24h −0.064%
Price spread now: BloFin against Phoenix−0.083%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$640.636% of the position
Funding, last 7 days−0.244%−$24 on $10k
+Price spread, last 4 days (all we have)+0.003%$0 · spread now −0.083%, 7d avg −0.009%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and BloFin is 0.075% cheaper against Phoenix than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.009%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ARM | 324.14 | 0.0123 | pay 0.0015% / 1h | 44m 13s | $5K | $446K | 10x |
| Short | BloFin ARM-USDT | 323.87 | −0.0022 | pay 0.0022% / 8h | 3h 44m | $124K | $49K | 20x |
Phoenix ARM
BloFin ARM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$30.44
- Price spread: −0.083% → −0.009%
- −$7.46
- Slippage, 4 orders
- −$44.65
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$101.55
- Costs to cover
- 0.636%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 8 min ago; BloFin: live order book, 45 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, 8 min ago | 6.47 bp | 18.8 bp −$19 | 40.7 bp −$407 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 45 min ago | 0.15 bp | 9.2 bp −$9 | 23.8 bp −$238 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX ARMUSDC | −0.0613% | 4h | 323.86 | −0.086% | $34K | $350K | 10x | as long as short |
| Deribit ARM_USDC-PERPETUAL | −0.0151% | 1h | 323.86 | −0.086% | $12K | $59K | 10x | as long as short |
| BloFin ARM-USDTshort | −0.0022% | 8h | 323.87 | −0.083% | $124K | $49K | 20x | |
| Aster ARMUSDT | 0.0000% | 8h | 324.33 | +0.057% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 323.88 | −0.081% | $40K | $271K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 323.93 | −0.064% | $8.4M | $50.5M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 323.88 | −0.080% | $1.9M | $2.2M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 323.90 | −0.074% | $1.6M | $6.7M | 20x | as long as short |
| Gate ARM_USDT | 0.0000% | 8h | 324.07 | −0.022% | $1.5M | $4.3M | 50x | as long as short |
| Bitget ARMUSDT | 0.0000% | 8h | 323.98 | −0.049% | $1.8M | $3.9M | 20x | as long as short |
edgeX ARMUSDC
Deribit ARM_USDC-PERPETUAL
Aster ARMUSDT
Extended ARM-USD
Binance ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Gate ARM_USDT
Bitget ARMUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ARM | 0.0000% | 8h | 324.10 | −0.013% | $210K | $294K | — | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 323.30 | −0.259% | $375 | $207K | 10x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 324.17 | +0.009% | $1K | $2.7M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 323.72 | −0.130% | $18K | $17K | 20x | as long as short |
| QFEX ARM-USD | +0.0014% | 1h | 323.75 | −0.120% | $1.1M | $3.8M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 323.85 | −0.089% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 323.97 | −0.052% | — | — | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.0050% | 1h | 323.86 | −0.086% | $8.1M | $8.8M | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 323.78 | −0.111% | $375K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 323.74 | −0.123% | $190K | $413K | 10x | as long as short |
| Phoenix ARMlong | +0.0123% | 1h | 324.14 | long leg | $5K | $446K | 10x | |
| Coinbase International ARM-PERP-INTX | +0.0128% | 1h | 324.44 | +0.093% | $95K | $306K | 10x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 330.24 | +1.882% | $5K | $50K | 12x | as long as short |
| KuCoin ARMUSDTM | +0.0221% | 8h | 323.99 | −0.046% | $2.3M | $119K | 20x | as long as short |
Variational Omni ARM
GRVT ARM_USDT_Perp
SunX ARM-USDT
HTX ARM-USDT
QFEX ARM-USD
Lighter ARM
Vest ARM-USD-PERP
tradeXYZ xyz:ARM
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
Coinbase International ARM-PERP-INTX
Injective ARM/USDC PERP
KuCoin ARMUSDTM