Funding you earn now, next payment 03:00 UTC−0.0195%/8h= −21.3% APRpaid last 24h −0.060%
Price spread now: Aster against Phoenix−0.121%55s7-day average −0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$245as 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−$2162.156% of the position
Funding, last 7 days−0.293%−$29 on $10k
+Price spread, last 4 days (all we have)+0.144%+$14 · spread now −0.121%, 7d avg −0.038%
=Together, before fees−0.149%+ Points / potential airdropAster: Stage 5 · farm board−$15 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Aster is 0.083% cheaper against Phoenix than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.038%). Swap the legs. The two prices were read 55 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 | Phoenix ARM | 326.99 | 0.0195 | pay 0.0024% / 1h | 18m 38s | $5K | $444K | 10x |
| Short | Aster ARMUSDT | 326.59 | 0 | get 0.0000% / 8h | 4h 18m | $7K | $126K | 20x |
Phoenix ARM
Aster ARMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phoenix. 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
- −$40.89
- Price spread: −0.121% → −0.038%
- −$8.34
- Slippage, 4 orders
- −$200.61
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$264.84
- Costs to cover
- 2.156%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 39 min ago; Aster: live order book, 37 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 Phoenix live order book, 39 min ago | 6.39 bp | 18.9 bp −$19 | 40.7 bp −$407 | doesn't fit | doesn't fit |
| Sell Aster live order book, 37 min ago | 51.70 bp | 76.9 bp −$77 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ARM-USDT | −0.0027% | 8h | 326.90 | −0.028% | $127K | $50K | 20x | as long as short |
| Aster ARMUSDTshort | 0.0000% | 8h | 326.59 | −0.121% | $7K | $126K | 20x | |
| Extended ARM-USD | 0.0000% | 1h | 326.48 | −0.157% | $39K | $267K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 326.55 | −0.135% | $8.6M | $50.0M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 326.53 | −0.141% | $1.9M | $2.1M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 326.33 | −0.202% | $1.7M | $6.6M | 20x | as long as short |
| Bitget ARMUSDT | 0.0000% | 8h | 327.15 | +0.049% | $1.8M | $3.9M | 20x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 327.01 | +0.006% | $212K | $303K | — | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 327.06 | +0.020% | $720 | $199K | 10x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 326.91 | −0.024% | $1K | $2.7M | 10x | as long as short |
BloFin ARM-USDT
Extended ARM-USD
Binance ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Bitget ARMUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARM_USDC-PERPETUAL | 0.0000% | 1h | 326.64 | −0.107% | $12K | $59K | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 326.26 | −0.223% | $18K | $16K | 20x | as long as short |
| QFEX ARM-USD | +0.0025% | 1h | 326.40 | −0.180% | $1.1M | $3.8M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 326.45 | −0.165% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 326.89 | −0.031% | — | — | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.0050% | 1h | 326.41 | −0.177% | $8.2M | $8.8M | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 326.58 | −0.125% | $378K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 326.68 | −0.095% | $200K | $414K | 10x | as long as short |
| Gate ARM_USDT | +0.0081% | 8h | 326.64 | −0.107% | $1.5M | $4.3M | 50x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0088% | 1h | 326.96 | −0.009% | $98K | $306K | 10x | as long as short |
| Phoenix ARMlong | +0.0195% | 1h | 326.99 | long leg | $5K | $444K | 10x | |
| Injective ARM/USDC PERP | +0.0220% | 1h | 330.69 | +1.132% | $5K | $50K | 12x | as long as short |
| KuCoin ARMUSDTM | +0.0368% | 8h | 326.63 | −0.110% | $2.3M | $118K | 20x | as long as short |
| edgeX ARMUSDC | +0.0741% | 4h | 327.03 | +0.011% | $35K | $348K | 10x | as long as short |
Deribit ARM_USDC-PERPETUAL
HTX ARM-USDT
QFEX ARM-USD
Lighter ARM
Vest ARM-USD-PERP
tradeXYZ xyz:ARM
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
Gate ARM_USDT
Coinbase International ARM-PERP-INTX
Injective ARM/USDC PERP
KuCoin ARMUSDTM
edgeX ARMUSDC