Funding you earn now, next payment 03:00 UTC+0.0145%/8h= +15.8% APRnext payment +$0.18 per $10,000 · paid last 24h −0.002%
Price spread now: Phoenix against tradeXYZ+0.043%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$610.612% of the position
Funding, last 7 days+0.049%+$5 on $10k
+Price spread, last 4 days (all we have)−0.034%−$3 · spread now +0.043%, 7d avg +0.010%
=Together, before fees+0.014%+ Points / potential airdroptradeXYZ: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Phoenix is 0.033% dearer against tradeXYZ than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:ARM | 327.22 | 0.0050 | pay 0.0006% / 1h | 33m 19s | $8.2M | $8.8M | 10x |
| Short | Phoenix ARM | 327.36 | 0.0195 | get 0.0024% / 1h | 33m 19s | $5K | $444K | 10x |
tradeXYZ xyz:ARM
Phoenix ARMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against tradeXYZ. 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
- $30.39
- Price spread: +0.043% → +0.010%
- $3.31
- Slippage, 4 orders
- −$36.23
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$27.53
- Costs to cover
- 0.612%
- Break-even
- 13.3 days
Slippage from tradeXYZ: live order book, 5 min ago; Phoenix: live order book, 24 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 tradeXYZ live order book, 5 min ago | 1.07 bp | 12.0 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 24 min ago | 6.39 bp | 18.9 bp −$19 | 40.8 bp −$408 | 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 | −0.0024% | 8h | 327.21 | −0.003% | $127K | $49K | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 327.43 | +0.064% | $7K | $126K | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 327.27 | +0.015% | $2.0M | $2.1M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 327.09 | −0.040% | $1.7M | $6.7M | 20x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 327.28 | +0.019% | $212K | $307K | — | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 327.41 | +0.058% | $373 | $198K | 10x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 327.17 | −0.015% | $988 | $2.7M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 327.07 | −0.046% | $18K | $16K | 20x | as long as short |
| Binance ARMUSDT | +0.0023% | 8h | 327.24 | +0.006% | $8.6M | $50.1M | 20x | as long as short |
| Extended ARM-USD | +0.0024% | 1h | 327.15 | −0.021% | $39K | $271K | 10x | as long as short |
BloFin ARM-USDT
Aster ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Variational Omni ARM
GRVT ARM_USDT_Perp
SunX ARM-USDT
HTX ARM-USDT
Binance ARMUSDT
Extended ARM-USDShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX ARM-USD | +0.0025% | 1h | 327.10 | −0.037% | $1.1M | $4.0M | 10x | as long as short |
| Bitget ARMUSDT | +0.0030% | 8h | 327.34 | +0.037% | $1.8M | $3.9M | 20x | as long as short |
| Lighter ARM | +0.0032% | 1h | 327.09 | −0.040% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 327.36 | +0.043% | — | — | 10x | as long as short |
| tradeXYZ xyz:ARMlong | +0.0050% | 1h | 327.22 | long leg | $8.2M | $8.8M | 10x | |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 327.08 | −0.043% | $379K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 327.14 | −0.024% | $200K | $408K | 10x | as long as short |
| Deribit ARM_USDC-PERPETUAL | +0.0086% | 1h | 327.21 | −0.003% | $12K | $125K | 10x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0088% | 1h | 327.37 | +0.046% | $98K | $300K | 10x | as long as short |
| Gate ARM_USDT | +0.0107% | 8h | 327.42 | +0.061% | $1.5M | $4.3M | 50x | as long as short |
| Phoenix ARMshort | +0.0195% | 1h | 327.36 | +0.043% | $5K | $444K | 10x | |
| Injective ARM/USDC PERP | +0.0220% | 1h | 330.69 | +1.060% | $5K | $50K | 12x | as long as short |
| KuCoin ARMUSDTM | +0.0431% | 8h | 327.25 | +0.009% | $2.3M | $119K | 20x | as long as short |
| edgeX ARMUSDC | +0.0506% | 4h | 327.26 | +0.014% | $35K | $348K | 10x | as long as short |
QFEX ARM-USD
Bitget ARMUSDT
Lighter ARM
Vest ARM-USD-PERP
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
Deribit ARM_USDC-PERPETUAL
Coinbase International ARM-PERP-INTX
Gate ARM_USDT
Injective ARM/USDC PERP
KuCoin ARMUSDTM
edgeX ARMUSDC