Funding you earn now, next payment 04:00 UTC−0.0068%/8h= −7.5% APRnext payment −$0.09 per $10,000 · paid last 24h +0.001%
Price spread now: tradeXYZ against Phoenix−0.617%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$610.610% of the position
Funding, last 7 days−0.049%−$5 on $10k
+Price spread, last 4 days (all we have)+0.602%+$60 · spread now −0.617%, 7d avg −0.010%
=Together, before fees+0.553%+ Points / potential airdroptradeXYZ: Active · farm board+$55 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.607% cheaper against Phoenix than usual: you would sell low and buy high (−$61 if the spread goes back to its 7-day average of −0.010%). 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 | 37m 03s | $5K | $446K | 10x |
| Short | tradeXYZ xyz:ARM | 322.14 | 0.0054 | get 0.0007% / 1h | 37m 03s | $8.1M | $8.7M | 10x |
Phoenix ARM
tradeXYZ xyz:ARMFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$14.34
- Price spread: −0.617% → −0.010%
- −$60.7
- Slippage, 4 orders
- −$35.96
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$136
- Costs to cover
- 0.610%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 15 min ago; tradeXYZ: live order book, 2 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, 15 min ago | 6.47 bp | 18.8 bp −$19 | 40.7 bp −$407 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 2 min ago | 0.62 bp | 11.0 bp −$11 | doesn't fit | 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 | −0.0009% | 8h | 322.07 | −0.639% | $123K | $49K | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 322.26 | −0.581% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 322.28 | −0.573% | $40K | $269K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 322.35 | −0.551% | $8.4M | $50.6M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 322.20 | −0.599% | $1.9M | $2.2M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 322.09 | −0.632% | $1.6M | $6.7M | 20x | as long as short |
| Gate ARM_USDT | 0.0000% | 8h | 322.37 | −0.546% | $1.5M | $4.3M | 50x | as long as short |
| Bitget ARMUSDT | 0.0000% | 8h | 322.48 | −0.512% | $1.8M | $3.9M | 20x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 323.51 | −0.195% | $210K | $293K | — | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 322.74 | −0.432% | $665 | $210K | 10x | as long as short |
BloFin ARM-USDT
Aster ARMUSDT
Extended ARM-USD
Binance ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Gate ARM_USDT
Bitget ARMUSDT
Variational Omni ARM
GRVT ARM_USDT_PerpShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX ARM-USDT | 0.0000% | 8h | 322.64 | −0.463% | $1K | $2.7M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 322.10 | −0.629% | $18K | $16K | 20x | as long as short |
| QFEX ARM-USD | +0.0014% | 1h | 321.97 | −0.669% | $1.1M | $3.7M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 322.13 | −0.620% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 322.54 | −0.494% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 322.30 | −0.568% | $373K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 322.30 | −0.568% | $190K | $406K | 10x | as long as short |
| tradeXYZ xyz:ARMshort | +0.0054% | 1h | 322.14 | −0.617% | $8.1M | $8.7M | 10x | |
| 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 |
| KuCoin ARMUSDTM | +0.0199% | 8h | 322.33 | −0.558% | $2.3M | $119K | 20x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 327.18 | +0.938% | $5K | $50K | 12x | as long as short |
| Deribit ARM_USDC-PERPETUAL | +0.0340% | 1h | 322.40 | −0.537% | $12K | $59K | 10x | as long as short |
| edgeX ARMUSDC | +0.0940% | 4h | 322.58 | −0.480% | $34K | $349K | 10x | as long as short |
SunX ARM-USDT
HTX ARM-USDT
QFEX ARM-USD
Lighter ARM
Vest ARM-USD-PERP
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
Coinbase International ARM-PERP-INTX
KuCoin ARMUSDTM
Injective ARM/USDC PERP
Deribit ARM_USDC-PERPETUAL
edgeX ARMUSDC