Funding you earn now, next payment 22:00 UTC+0.0198%/8h= +21.7% APRnext payment +$0.25 per $10,000 · paid last 24h +0.020%
Price spread now: Phoenix against Extended+0.097%68s7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as 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−$680.676% of the position
Funding, last 7 days+0.220%+$22 on $10k
+Price spread, last 3 days (all we have)−0.096%−$10 · spread now +0.097%, 7d avg +0.002%
=Together, before fees+0.124%+ Points / potential airdropExtended: Active · farm board+$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.095% dearer against Extended than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.002%. The two prices were read 68 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 | Extended ARM-USD | 323.09 | 0 | get 0.0000% / 1h | 46m 00s | $39K | $188K | 10x |
| Short | Phoenix ARM | 323.40 | 0.0198 | get 0.0025% / 1h | 46m 00s | $5K | $460K | 10x |
Extended ARM-USD
Phoenix ARMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Extended. 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
- $41.65
- Price spread: +0.097% → +0.002%
- $9.5
- Slippage, 4 orders
- −$55.56
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$16.41
- Costs to cover
- 0.676%
- Break-even
- 9.8 days
Slippage from Extended: live order book, 36 min ago; Phoenix: live order book, 36 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 Extended live order book, 36 min ago | 2.79 bp | 14.3 bp −$14 | 152.4 bp −$1,524 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 36 min ago | 6.50 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX ARMUSDC | −0.0208% | 4h | 323.72 | +0.197% | $34K | $348K | 10x | as long as short |
| BloFin ARM-USDT | −0.0012% | 8h | 323.11 | +0.008% | $122K | $44K | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 323.03 | −0.016% | $7K | $126K | 20x | as long as short |
| Extended ARM-USDlong | 0.0000% | 1h | 323.09 | long leg | $39K | $188K | 10x | |
| Binance ARMUSDT | 0.0000% | 8h | 323.20 | +0.034% | $8.5M | $51.1M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 323.18 | +0.029% | $2.0M | $2.5M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 323.08 | −0.002% | $1.7M | $6.8M | 20x | as long as short |
| Bitget ARMUSDT | 0.0000% | 8h | 323.03 | −0.017% | $1.7M | $4.2M | 20x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 323.89 | +0.250% | $276K | $459K | — | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 322.67 | −0.128% | $1K | $3.2M | 10x | as long as short |
edgeX ARMUSDC
BloFin ARM-USDT
Aster ARMUSDT
Binance ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Bitget ARMUSDT
Variational Omni ARM
SunX ARM-USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX ARM-USDT | 0.0000% | 8h | 323.59 | +0.156% | $18K | $16K | 20x | as long as short |
| Gate ARM_USDT | +0.0030% | 8h | 323.40 | +0.097% | $1.5M | $4.0M | 50x | as long as short |
| Lighter ARM | +0.0032% | 1h | 322.89 | −0.060% | — | — | 10x | as long as short |
| QFEX ARM-USD | +0.0043% | 1h | 323.09 | +0.002% | $1.1M | $4.7M | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 323.34 | +0.079% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 323.06 | −0.008% | $365K | $1.5M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 323.61 | +0.162% | $214K | $553K | 10x | as long as short |
| GRVT ARM_USDT_Perp | +0.0063% | 8h | 323.77 | +0.212% | $401 | $213K | 10x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0088% | 1h | 323.28 | +0.060% | $83K | $291K | 10x | as long as short |
| Phoenix ARMshort | +0.0198% | 1h | 323.40 | +0.097% | $5K | $460K | 10x | |
| Injective ARM/USDC PERP | +0.0220% | 1h | 326.30 | +0.995% | $5K | $52K | 12x | as long as short |
| KuCoin ARMUSDTM | +0.0222% | 8h | 323.51 | +0.132% | $2.3M | $118K | 20x | as long as short |
| tradeXYZ xyz:ARM | +0.0275% | 1h | 323.18 | +0.029% | $7.7M | $9.9M | 10x | as long as short |
| Deribit ARM_USDC-PERPETUAL | +0.0432% | 1h | 323.03 | −0.017% | $12K | $145K | 10x | as long as short |
HTX ARM-USDT
Gate ARM_USDT
Lighter ARM
QFEX ARM-USD
Vest ARM-USD-PERP
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
GRVT ARM_USDT_Perp
Coinbase International ARM-PERP-INTX
Injective ARM/USDC PERP
KuCoin ARMUSDTM
tradeXYZ xyz:ARM
Deribit ARM_USDC-PERPETUAL