Funding you earn now, next payment 05:00 UTC+0.0168%/8h= +18.4% APRnext payment +$0.21 per $10,000 · paid last 24h —
Price spread now: Phoenix against Lighter+0.174%104s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phoenix is 0.174% dearer against Lighter than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 104 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 | Lighter ARM | 322.00 | 0.0032 | pay 0.0004% / 1h | 47m 38s | — | — | 10x |
| Short | Phoenix ARM | 322.56 | 0.0200 | get 0.0025% / 1h | 47m 38s | $5K | $446K | 10x |
Lighter ARM
Phoenix ARMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Lighter. 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
- $35.24
- Price spread: +0.174% → 0.000%
- $17.39
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $45.63
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Lighter: no order-book sample; Phoenix: live order book, 65 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 Lighter no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 65 min ago | 6.47 bp | 18.8 bp −$19 | 40.7 bp −$407 | doesn't fit | doesn't fit |
Lighter: 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 | −0.0533% | 8h | 322.30 | +0.093% | $1.8M | $3.9M | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 321.94 | −0.019% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 322.07 | +0.023% | $35K | $272K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 322.17 | +0.053% | $8.3M | $50.5M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 322.18 | +0.056% | $1.9M | $2.2M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 322.24 | +0.075% | $1.6M | $6.7M | 20x | as long as short |
| Gate ARM_USDT | 0.0000% | 8h | 322.35 | +0.109% | $1.4M | $4.3M | 50x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 322.63 | +0.195% | $192K | $297K | — | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 322.66 | +0.204% | $1K | $218K | 10x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 322.47 | +0.146% | $935 | $2.6M | 10x | as long as short |
Bitget ARMUSDT
Aster ARMUSDT
Extended ARM-USD
Binance ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Gate ARM_USDT
Variational Omni ARM
GRVT ARM_USDT_Perp
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 | 322.23 | +0.071% | $18K | $16K | 20x | as long as short |
| BloFin ARM-USDT | +0.0002% | 8h | 322.47 | +0.146% | $122K | $50K | 20x | as long as short |
| QFEX ARM-USD | +0.0011% | 1h | 322.08 | +0.025% | $1.1M | $3.6M | 10x | as long as short |
| Lighter ARMlong | +0.0032% | 1h | 322.00 | long leg | — | — | 10x | |
| Vest ARM-USD-PERP | +0.0046% | 1h | 322.34 | +0.106% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 322.53 | +0.165% | $373K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 322.44 | +0.137% | $184K | $418K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0100% | 8h | 322.12 | +0.037% | $2.3M | $119K | 20x | as long as short |
| edgeX ARMUSDC | +0.0135% | 4h | 322.32 | +0.100% | $34K | $351K | 10x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0176% | 1h | 321.20 | −0.248% | $99K | $307K | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.0186% | 1h | 322.29 | +0.090% | $8.1M | $8.6M | 10x | as long as short |
| Phoenix ARMshort | +0.0200% | 1h | 322.56 | +0.174% | $5K | $446K | 10x | |
| Injective ARM/USDC PERP | +0.0220% | 1h | 324.06 | +0.640% | $5K | $50K | 12x | as long as short |
| Deribit ARM_USDC-PERPETUAL | +0.0371% | 1h | 322.53 | +0.165% | $12K | $59K | 10x | as long as short |
HTX ARM-USDT
BloFin ARM-USDT
QFEX ARM-USD
Vest ARM-USD-PERP
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
KuCoin ARMUSDTM
edgeX ARMUSDC
Coinbase International ARM-PERP-INTX
tradeXYZ xyz:ARM
Injective ARM/USDC PERP
Deribit ARM_USDC-PERPETUAL