Funding you earn now, next payment 05:00 UTC−0.0200%/8h= −21.9% APRpaid last 24h −0.026%
Price spread now: Variational Omni against Phoenix−0.016%69s7-day average +0.009% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.026%−$3 on $10k
+Price spread, last 4 days (all we have)−0.049%−$5 · spread now −0.016%, 7d avg +0.009%
=Together, before fees−0.075%+ Points / potential airdropVariational Omni: Active · farm board−$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Variational Omni is 0.025% cheaper against Phoenix than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.009%). Swap the legs. The two prices were read 69 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.026% in total (about -2.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ARM | 321.28 | 0.0200 | pay 0.0025% / 1h | 6m 18s | $5K | $446K | 10x |
| Short | Variational Omni ARM | 321.23 | 0 | get 0.0000% / 8h | 2h 06m | $185K | $293K | — |
Phoenix ARM
Variational Omni ARMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$41.96
- Price spread: −0.016% → +0.009%
- −$2.54
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$51.5
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 41 min ago; Variational Omni: RFQ quote, 43 min ago. 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, 41 min ago | 6.51 bp | 18.9 bp −$19 | 40.8 bp −$408 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 43 min ago | 6.24 bp | doesn't fit | 64.9 bp −$649 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget ARMUSDT | −0.0866% | 8h | 321.52 | +0.075% | $1.8M | $4.0M | 20x | as long as short |
| edgeX ARMUSDC | −0.0219% | 4h | 321.20 | −0.023% | $34K | $350K | 10x | as long as short |
| BloFin ARM-USDT | −0.0014% | 8h | 321.20 | −0.025% | $121K | $51K | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 321.45 | +0.053% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 321.48 | +0.062% | $38K | $269K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 321.53 | +0.078% | $8.2M | $50.3M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 321.44 | +0.050% | $1.9M | $2.1M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 321.34 | +0.019% | $1.6M | $6.7M | 20x | as long as short |
| Gate ARM_USDT | 0.0000% | 8h | 321.70 | +0.131% | $1.4M | $4.4M | 50x | as long as short |
| Variational Omni ARMshort | 0.0000% | 8h | 321.23 | −0.016% | $185K | $293K | — |
Bitget ARMUSDT
edgeX ARMUSDC
BloFin ARM-USDT
Aster ARMUSDT
Extended ARM-USD
Binance ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Gate ARM_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 321.31 | +0.008% | $659 | $221K | 10x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 321.35 | +0.022% | $1K | $2.5M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 321.69 | +0.128% | $18K | $17K | 20x | as long as short |
| QFEX ARM-USD | +0.0011% | 1h | 321.54 | +0.081% | $1.1M | $3.5M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 321.44 | +0.050% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 321.71 | +0.134% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 321.40 | +0.037% | $372K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 321.62 | +0.106% | $184K | $429K | 10x | as long as short |
| Deribit ARM_USDC-PERPETUAL | +0.0061% | 1h | 321.57 | +0.090% | $12K | $59K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0100% | 8h | 321.46 | +0.056% | $2.3M | $119K | 20x | as long as short |
| tradeXYZ xyz:ARM | +0.0130% | 1h | 321.52 | +0.075% | $8.1M | $8.7M | 10x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0176% | 1h | 321.23 | −0.016% | $100K | $304K | 10x | as long as short |
| Phoenix ARMlong | +0.0200% | 1h | 321.28 | long leg | $5K | $446K | 10x | |
| Injective ARM/USDC PERP | +0.0220% | 1h | 323.11 | +0.570% | $5K | $50K | 12x | 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
Deribit ARM_USDC-PERPETUAL
KuCoin ARMUSDTM
tradeXYZ xyz:ARM
Coinbase International ARM-PERP-INTX
Injective ARM/USDC PERP