ARM

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0075%/8h= +8.2% APRnext payment +$0.09 per $10,000 · paid last 24h −0.052%

Price spread now: Phoenix against Deribit−0.031%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Phoenix is 0.031% cheaper against Deribit than usual: you would sell low and buy high (spread −0.031% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 33 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ARM_USDC-PERPETUAL	320.58	0.0124	pay 0.0016% / 1h	20m 32s	$12K	$59K	10x
Short	Phoenix ARM	320.48	0.0199	get 0.0025% / 1h	20m 32s	$5K	$444K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee PhoenixbpOrdersPrice spread, now −0.031%Rate

Funding earned: $15.71
Price spread: −0.031% → 0.000%: −$3.12
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$1.41
Costs to cover: 0.140%
Break-even: 7.6 days

Slippage unknown: Deribit: no order-book sample; Phoenix: live order book, 22 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 Deribit no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 22 min ago	6.56 bp	18.9 bp −$19	40.8 bp −$408	doesn't fit	doesn't fit

Deribit: 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
Bitget ARMUSDT	−0.0887%	8h	320.50	−0.025%	$1.7M	$4.0M	20x	as long as short
edgeX ARMUSDC	−0.0410%	4h	320.41	−0.055%	$34K	$352K	10x	as long as short
BloFin ARM-USDT	−0.0014%	8h	320.61	+0.009%	$122K	$51K	20x	as long as short
Aster ARMUSDT	0.0000%	8h	320.44	−0.043%	$7K	$126K	20x	as long as short
Extended ARM-USD	0.0000%	1h	320.37	−0.064%	$36K	$267K	10x	as long as short
Binance ARMUSDT	0.0000%	8h	320.44	−0.045%	$8.3M	$50.4M	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	320.45	−0.041%	$1.9M	$2.1M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	320.47	−0.034%	$1.6M	$6.6M	20x	as long as short
Gate ARM_USDT	0.0000%	8h	320.64	+0.019%	$1.4M	$4.2M	50x	as long as short
Variational Omni ARM	0.0000%	8h	320.61	+0.011%	$184K	$281K	—	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT ARM_USDT_Perp	0.0000%	8h	320.33	−0.078%	$932	$230K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	320.60	+0.006%	$1K	$2.5M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	320.09	−0.153%	$18K	$16K	20x	as long as short
QFEX ARM-USD	+0.0021%	1h	320.47	−0.034%	$1.1M	$3.5M	10x	as long as short
Lighter ARM	+0.0032%	1h	320.35	−0.072%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	320.68	+0.031%	—	—	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	320.64	+0.019%	$371K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	320.22	−0.112%	$185K	$433K	10x	as long as short
KuCoin ARMUSDTM	+0.0100%	8h	320.43	−0.047%	$2.3M	$119K	20x	as long as short
Deribit ARM_USDC-PERPETUALlong	+0.0124%	1h	320.58	long leg	$12K	$59K	10x
tradeXYZ xyz:ARM	+0.0172%	1h	320.43	−0.047%	$8.2M	$8.7M	10x	as long as short
Phoenix ARMshort	+0.0199%	1h	320.48	−0.031%	$5K	$444K	10x
Coinbase International ARM-PERP-INTX	+0.0200%	1h	320.05	−0.165%	$99K	$297K	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	323.41	+0.883%	$5K	$50K	12x	as long as short