Funding you earn now, next payment 03:00 UTC−0.0163%/8h= −17.8% APRnext payment −$0.20 per $10,000 · paid last 24h —
Price spread now: Lighter against Phoenix−0.070%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Lighter is 0.070% cheaper against Phoenix than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ARM | 327.36 | 0.0195 | pay 0.0024% / 1h | 36m 59s | $5K | $444K | 10x |
| Short | Lighter ARM | 327.13 | 0.0032 | get 0.0004% / 1h | 36m 59s | — | — | 10x |
Phoenix ARM
Lighter ARMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$34.17
- Price spread: −0.070% → 0.000%
- −$7.03
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$48.19
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 20 min ago; Lighter: 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, 20 min ago | 6.39 bp | 18.9 bp −$19 | 40.7 bp −$407 | doesn't fit | doesn't fit |
| Sell Lighter no order-book sample | — | — | — | — | — |
Lighter: 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX ARMUSDC | −0.0557% | 4h | 327.36 | 0.000% | $35K | $347K | 10x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 327.39 | +0.010% | $7K | $126K | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 327.45 | +0.027% | $2.0M | $2.1M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 327.60 | +0.073% | $1.7M | $6.7M | 20x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 327.44 | +0.024% | $212K | $308K | — | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 327.54 | +0.055% | $675 | $196K | 10x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 327.35 | −0.003% | $1K | $2.7M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 327.05 | −0.095% | $18K | $16K | 20x | as long as short |
| QFEX ARM-USD | +0.0025% | 1h | 327.43 | +0.021% | $1.1M | $4.0M | 10x | as long as short |
| BloFin ARM-USDT | +0.0026% | 8h | 327.35 | −0.003% | $128K | $49K | 20x | as long as short |
edgeX ARMUSDC
Aster ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Variational Omni ARM
GRVT ARM_USDT_Perp
SunX ARM-USDT
HTX ARM-USDT
QFEX ARM-USD
BloFin ARM-USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ARMshort | +0.0032% | 1h | 327.13 | −0.070% | — | — | 10x | |
| Extended ARM-USD | +0.0032% | 1h | 327.40 | +0.012% | $39K | $271K | 10x | as long as short |
| Binance ARMUSDT | +0.0032% | 8h | 327.51 | +0.046% | $8.6M | $50.0M | 20x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 327.64 | +0.086% | — | — | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.0050% | 1h | 327.44 | +0.024% | $8.3M | $8.8M | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 327.33 | −0.009% | $379K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 327.48 | +0.037% | $202K | $405K | 10x | as long as short |
| Bitget ARMUSDT | +0.0075% | 8h | 327.57 | +0.064% | $1.8M | $3.9M | 20x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0088% | 1h | 327.37 | +0.003% | $98K | $301K | 10x | as long as short |
| Gate ARM_USDT | +0.0113% | 8h | 327.70 | +0.104% | $1.5M | $4.3M | 50x | as long as short |
| Phoenix ARMlong | +0.0195% | 1h | 327.36 | long leg | $5K | $444K | 10x | |
| Injective ARM/USDC PERP | +0.0220% | 1h | 330.69 | +1.017% | $5K | $50K | 12x | as long as short |
| KuCoin ARMUSDTM | +0.0449% | 8h | 327.44 | +0.024% | $2.3M | $119K | 20x | as long as short |
| Deribit ARM_USDC-PERPETUAL | +0.0789% | 1h | 327.50 | +0.043% | $12K | $125K | 10x | as long as short |
Extended ARM-USD
Binance ARMUSDT
Vest ARM-USD-PERP
tradeXYZ xyz:ARM
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
Bitget ARMUSDT
Coinbase International ARM-PERP-INTX
Gate ARM_USDT
Injective ARM/USDC PERP
KuCoin ARMUSDTM
Deribit ARM_USDC-PERPETUAL