Funding you earn now, next payment 07:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h −0.040%
Price spread now: Phoenix against KuCoin−0.071%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$298as in the Funding arb table
Net, price: spread back to 7d avg − costs−$301as in the Price arb table
costs, in and out, $10k−$2952.950% of the position
Funding, last 7 days−0.028%−$3 on $10k
+Price spread, last 4 days (all we have)+0.116%+$12 · spread now −0.071%, 7d avg −0.011%
=Funding pays, the price is against you. Phoenix is 0.061% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.071% now, against its 7-day average of −0.011%). If the spread goes back, that is −$6 on $10k: about 39 hours of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ARMUSDTM | 321.78 | 0.0100 | pay 0.0100% / 8h | 7m 30s | $2.3M | $122K | 20x |
| Short | Phoenix ARM | 321.55 | 0.0224 | get 0.0028% / 1h | 7m 30s | $5K | $444K | 10x |
KuCoin ARMUSDTM
Phoenix ARMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against KuCoin. 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
- $26.03
- Price spread: −0.071% → −0.011%
- −$6.06
- Slippage, 4 orders
- −$276
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$275.02
- Costs to cover
- 2.950%
- Break-even
- 80.9 days
Slippage from KuCoin: live order book, 9 min ago; Phoenix: live order book, 30 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 KuCoin live order book, 9 min ago | 5.59 bp | 103.3 bp −$103 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 30 min ago | 6.52 bp | 19.0 bp −$19 | 40.9 bp −$409 | 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 | −0.0455% | 8h | 321.43 | −0.109% | $1.7M | $4.0M | 20x | as long as short |
| BloFin ARM-USDT | −0.0015% | 8h | 321.58 | −0.062% | $123K | $52K | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 321.45 | −0.102% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 321.33 | −0.140% | $36K | $312K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 321.41 | −0.114% | $8.3M | $50.0M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 321.45 | −0.103% | $1.9M | $2.1M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 321.23 | −0.171% | $1.6M | $6.5M | 20x | as long as short |
| Gate ARM_USDT | 0.0000% | 8h | 321.36 | −0.131% | $1.4M | $4.1M | 50x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 321.39 | −0.121% | $187K | $252K | — | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 321.52 | −0.082% | $1K | $237K | 10x | as long as short |
Bitget ARMUSDT
BloFin ARM-USDT
Aster ARMUSDT
Extended ARM-USD
Binance ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Gate ARM_USDT
Variational Omni ARM
GRVT ARM_USDT_PerpShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX ARM-USDT | 0.0000% | 8h | 321.45 | −0.103% | $1K | $2.4M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 321.37 | −0.127% | $18K | $14K | 20x | as long as short |
| QFEX ARM-USD | +0.0025% | 1h | 321.44 | −0.106% | $1.1M | $3.4M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 321.43 | −0.109% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 321.64 | −0.044% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 321.42 | −0.112% | $372K | $1.2M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 321.22 | −0.174% | $185K | $440K | 10x | as long as short |
| KuCoin ARMUSDTMlong | +0.0100% | 8h | 321.78 | long leg | $2.3M | $122K | 20x | |
| Coinbase International ARM-PERP-INTX | +0.0160% | 1h | 320.83 | −0.295% | $98K | $289K | 10x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 324.70 | +0.907% | $5K | $49K | 12x | as long as short |
| Phoenix ARMshort | +0.0224% | 1h | 321.55 | −0.071% | $5K | $444K | 10x | |
| tradeXYZ xyz:ARM | +0.0236% | 1h | 321.44 | −0.106% | $8.2M | $8.6M | 10x | as long as short |
| Deribit ARM_USDC-PERPETUAL | +0.0652% | 1h | 321.63 | −0.047% | $12K | $59K | 10x | as long as short |
| edgeX ARMUSDC | +0.0756% | 4h | 321.42 | −0.113% | $36K | $355K | 10x | as long as short |
SunX ARM-USDT
HTX ARM-USDT
QFEX ARM-USD
Lighter ARM
Vest ARM-USD-PERP
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
Coinbase International ARM-PERP-INTX
Injective ARM/USDC PERP
tradeXYZ xyz:ARM
Deribit ARM_USDC-PERPETUAL
edgeX ARMUSDC