Funding you earn now, next payment 02:00 UTC+0.0122%/8h= +13.4% APRpaid last 24h +0.061%
Price spread now: Phoenix against Aster+0.080%85s7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$159as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1881.880% of the position
Funding, last 7 days+0.295%+$30 on $10k
+Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.080%, 7d avg +0.038%
=Together, before fees+0.202%+ Points / potential airdropAster: Stage 5 · farm board+$20 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 0.041% dearer against Aster than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.038%. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster ARMUSDT | 328.89 | 0 | get 0.0000% / 8h | 5h 06m | $7K | $126K | 20x |
| Short | Phoenix ARM | 329.15 | 0.0122 | get 0.0015% / 1h | 6m 06s | $5K | $434K | 10x |
Aster ARMUSDT
Phoenix ARMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Aster. 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
- $25.69
- Price spread: +0.080% → +0.038%
- $4.15
- Slippage, 4 orders
- −$173.03
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$158.19
- Costs to cover
- 1.880%
- Break-even
- 50.1 days
Slippage from Aster: live order book, 55 min ago; Phoenix: live order book, 56 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 Aster live order book, 55 min ago | 52.20 bp | 74.5 bp −$74 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 56 min ago | 6.41 bp | 19.0 bp −$19 | 40.7 bp −$407 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX ARMUSDC | −0.0056% | 4h | 328.88 | −0.002% | $35K | $347K | 10x | as long as short |
| Coinbase International ARM-PERP-INTX | −0.0008% | 1h | 328.91 | +0.007% | $102K | $292K | 10x | as long as short |
| BloFin ARM-USDT | −0.0001% | 8h | 329.10 | +0.065% | $128K | $48K | 20x | as long as short |
| Aster ARMUSDTlong | 0.0000% | 8h | 328.89 | long leg | $7K | $126K | 20x | |
| Bybit ARMUSDT | 0.0000% | 8h | 329.02 | +0.040% | $2.0M | $2.1M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 329.12 | +0.071% | $1.7M | $6.7M | 20x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 328.99 | +0.032% | $213K | $314K | — | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 328.89 | +0.001% | $727 | $192K | 10x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 328.81 | −0.023% | $964 | $2.7M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 328.80 | −0.027% | $18K | $16K | 20x | as long as short |
edgeX ARMUSDC
Coinbase International ARM-PERP-INTX
BloFin ARM-USDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Variational Omni ARM
GRVT ARM_USDT_Perp
SunX ARM-USDT
HTX ARM-USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX ARM-USD | +0.0011% | 1h | 328.93 | +0.013% | $1.1M | $4.1M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 328.85 | −0.011% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 329.09 | +0.062% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 328.96 | +0.022% | $381K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 328.92 | +0.010% | $203K | $403K | 10x | as long as short |
| Binance ARMUSDT | +0.0087% | 8h | 329.07 | +0.055% | $8.7M | $49.9M | 20x | as long as short |
| Extended ARM-USD | +0.0088% | 1h | 328.93 | +0.014% | $36K | $268K | 10x | as long as short |
| Phoenix ARMshort | +0.0122% | 1h | 329.15 | +0.080% | $5K | $434K | 10x | |
| Gate ARM_USDT | +0.0129% | 8h | 329.23 | +0.104% | $1.5M | $4.3M | 50x | as long as short |
| tradeXYZ xyz:ARM | +0.0135% | 1h | 329.07 | +0.056% | $8.3M | $8.7M | 10x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 332.31 | +1.041% | $5K | $50K | 12x | as long as short |
| Bitget ARMUSDT | +0.0285% | 8h | 329.08 | +0.059% | $1.8M | $3.8M | 20x | as long as short |
| Deribit ARM_USDC-PERPETUAL | +0.0328% | 1h | 329.14 | +0.077% | $12K | $125K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0572% | 8h | 328.99 | +0.031% | $2.4M | $118K | 20x | as long as short |
QFEX ARM-USD
Lighter ARM
Vest ARM-USD-PERP
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
Binance ARMUSDT
Extended ARM-USD
Gate ARM_USDT
tradeXYZ xyz:ARM
Injective ARM/USDC PERP
Bitget ARMUSDT
Deribit ARM_USDC-PERPETUAL
KuCoin ARMUSDTM