Funding you earn now, next payment 03:00 UTC−0.0107%/8h= −11.7% APRnext payment −$0.13 per $10,000 · paid last 24h −0.033%
Price spread now: Coinbase International against Phoenix+0.144%7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$590.591% of the position
Funding, last 7 days−0.023%−$2 on $10k
+Price spread, last 4 days (all we have)−0.307%−$31 · spread now +0.144%, 7d avg −0.021%
=The price spread pays, funding is against you. Coinbase International is 0.165% dearer against Phoenix than usual: you sell high and buy low (spread +0.144% now, against its 7-day average of −0.021%): +$16 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.1 days. At the pace of the last 7 days (−0.023% in total) that is about 50 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ARM | 326.49 | 0.0195 | pay 0.0024% / 1h | 12m 18s | $5K | $444K | 10x |
| Short | Coinbase International ARM-PERP-INTX | 326.96 | 0.0088 | get 0.0011% / 1h | 12m 18s | $98K | $303K | 10x |
Phoenix ARM
Coinbase International ARM-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$22.41
- Price spread: +0.144% → −0.021%
- $16.47
- Slippage, 4 orders
- −$42.11
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$65.05
- Costs to cover
- 0.591%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 45 min ago; Coinbase International: 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 Phoenix live order book, 45 min ago | 6.39 bp | 18.9 bp −$19 | 40.7 bp −$407 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 46 min ago | 4.72 bp | 11.3 bp −$11 | 20.3 bp −$203 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ARM-USDT | −0.0025% | 8h | 326.37 | −0.037% | $127K | $50K | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 326.63 | +0.041% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 326.62 | +0.040% | $36K | $270K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 326.75 | +0.080% | $8.6M | $50.1M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 326.66 | +0.052% | $1.9M | $2.1M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 326.60 | +0.034% | $1.7M | $6.7M | 20x | as long as short |
| Bitget ARMUSDT | 0.0000% | 8h | 326.77 | +0.086% | $1.8M | $3.9M | 20x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 326.77 | +0.085% | $212K | $302K | — | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 326.52 | +0.009% | $359 | $201K | 10x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 326.53 | +0.012% | $1K | $2.7M | 10x | as long as short |
BloFin ARM-USDT
Aster ARMUSDT
Extended ARM-USD
Binance ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Bitget ARMUSDT
Variational Omni ARM
GRVT ARM_USDT_Perp
SunX ARM-USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX ARM-USDT | 0.0000% | 8h | 326.84 | +0.107% | $18K | $16K | 20x | as long as short |
| QFEX ARM-USD | +0.0025% | 1h | 326.63 | +0.043% | $1.1M | $3.8M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 326.60 | +0.034% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 326.72 | +0.070% | — | — | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.0050% | 1h | 326.59 | +0.031% | $8.2M | $8.8M | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 326.58 | +0.028% | $378K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 326.48 | −0.003% | $196K | $414K | 10x | as long as short |
| Gate ARM_USDT | +0.0067% | 8h | 326.81 | +0.098% | $1.5M | $4.3M | 50x | as long as short |
| Coinbase International ARM-PERP-INTXshort | +0.0088% | 1h | 326.96 | +0.144% | $98K | $303K | 10x | |
| Deribit ARM_USDC-PERPETUAL | +0.0148% | 1h | 326.72 | +0.070% | $12K | $59K | 10x | as long as short |
| Phoenix ARMlong | +0.0195% | 1h | 326.49 | long leg | $5K | $444K | 10x | |
| Injective ARM/USDC PERP | +0.0220% | 1h | 330.01 | +1.078% | $5K | $50K | 12x | as long as short |
| KuCoin ARMUSDTM | +0.0336% | 8h | 326.69 | +0.061% | $2.3M | $119K | 20x | as long as short |
| edgeX ARMUSDC | +0.0532% | 4h | 326.45 | −0.011% | $35K | $350K | 10x | as long as short |
HTX ARM-USDT
QFEX ARM-USD
Lighter ARM
Vest ARM-USD-PERP
tradeXYZ xyz:ARM
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
Gate ARM_USDT
Deribit ARM_USDC-PERPETUAL
Injective ARM/USDC PERP
KuCoin ARMUSDTM
edgeX ARMUSDC