Funding you earn now, next payment 06:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.03 per $10,000 · paid last 24h +0.010%
Price spread now: Injective against Phoenix+0.867%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.060%+$6 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 0.867% dearer against Phoenix than usual: you sell high and buy low: +$87 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ARM | 320.50 | 0.0199 | pay 0.0025% / 1h | 16m 23s | $5K | $444K | 10x |
| Short | Injective ARM/USDC PERP | 323.28 | 0.0220 | get 0.0028% / 1h | 16m 23s | $5K | $50K | 12x |
Phoenix ARM
Injective ARM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $4.35
- Price spread: +0.867% → 0.000%
- $86.74
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $84.07
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Phoenix: live order book, 26 min ago; Injective: no order-book sample. 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 Phoenix live order book, 26 min ago | 6.56 bp | 18.9 bp −$19 | 40.7 bp −$407 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | −0.0874% | 8h | 320.21 | −0.090% | $1.7M | $4.0M | 20x | as long as short |
| edgeX ARMUSDC | −0.0041% | 4h | 320.13 | −0.115% | $34K | $353K | 10x | as long as short |
| BloFin ARM-USDT | −0.0024% | 8h | 320.33 | −0.053% | $121K | $51K | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 319.77 | −0.227% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 319.88 | −0.192% | $36K | $267K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 319.96 | −0.167% | $8.3M | $50.4M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 320.04 | −0.144% | $1.9M | $2.1M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 319.81 | −0.215% | $1.6M | $6.6M | 20x | as long as short |
| Gate ARM_USDT | 0.0000% | 8h | 320.20 | −0.094% | $1.4M | $4.2M | 50x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 320.61 | +0.036% | $184K | $281K | — | as long as short |
Bitget ARMUSDT
edgeX ARMUSDC
BloFin ARM-USDT
Aster ARMUSDT
Extended ARM-USD
Binance ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Gate ARM_USDT
Variational Omni ARMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 320.24 | −0.081% | $932 | $230K | 10x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 320.45 | −0.016% | $1K | $2.5M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 320.01 | −0.153% | $18K | $16K | 20x | as long as short |
| QFEX ARM-USD | +0.0021% | 1h | 319.86 | −0.200% | $1.1M | $3.5M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 319.96 | −0.168% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 320.17 | −0.103% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 319.86 | −0.200% | $370K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 320.16 | −0.106% | $183K | $431K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0100% | 8h | 320.12 | −0.119% | $2.3M | $119K | 20x | as long as short |
| tradeXYZ xyz:ARM | +0.0172% | 1h | 320.06 | −0.137% | $8.2M | $8.7M | 10x | as long as short |
| Phoenix ARMlong | +0.0199% | 1h | 320.50 | long leg | $5K | $444K | 10x | |
| Coinbase International ARM-PERP-INTX | +0.0200% | 1h | 320.05 | −0.140% | $99K | $292K | 10x | as long as short |
| Injective ARM/USDC PERPshort | +0.0220% | 1h | 323.28 | +0.867% | $5K | $50K | 12x | |
| Deribit ARM_USDC-PERPETUAL | +0.0374% | 1h | 320.54 | +0.012% | $12K | $59K | 10x | as long as short |
GRVT ARM_USDT_Perp
SunX ARM-USDT
HTX ARM-USDT
QFEX ARM-USD
Lighter ARM
Vest ARM-USD-PERP
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
KuCoin ARMUSDTM
tradeXYZ xyz:ARM
Coinbase International ARM-PERP-INTX
Deribit ARM_USDC-PERPETUAL