ARM

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0013%/8h= +1.4% APRnext payment +$0.02 per $10,000 · paid last 24h +0.063%

Price spread now: Deribit against Phoenix+0.070%70s7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$640.640% of the position

Long on Phoenix Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.099%+$10 on $10k

Price spread, last 4 days (all we have)−0.172%−$17 · spread now +0.070%, 7d avg +0.015%

Together, before fees−0.073%−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Deribit is 0.055% dearer against Phoenix than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.015%. The two prices were read 70 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	327.67	0.0195	pay 0.0024% / 1h	39m 32s	$5K	$444K	10x
Short	Deribit ARM_USDC-PERPETUAL	327.90	0.0208	get 0.0026% / 1h	39m 32s	$12K	$125K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Phoenix. 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 PhoenixbpFee DeribitbpOrdersPrice spread, now +0.070%Rate

Funding earned: $2.72
Price spread: +0.070% → +0.015%: $5.48
Slippage, 4 orders: −$50.03
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$55.83
Costs to cover: 0.640%
Break-even: 150.4 days

Slippage from Phoenix: live order book, 18 min ago; Deribit: live order book, 19 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, 18 min ago	6.39 bp	18.9 bp −$19	40.7 bp −$407	doesn't fit	doesn't fit
Sell Deribit live order book, 19 min ago	0.15 bp	14.4 bp −$14	20.3 bp −$203	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
Aster ARMUSDT	0.0000%	8h	327.40	−0.083%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	327.45	−0.067%	$2.0M	$2.1M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	327.37	−0.092%	$1.7M	$6.7M	20x	as long as short
Variational Omni ARM	0.0000%	8h	327.44	−0.070%	$212K	$308K	—	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	327.54	−0.040%	$675	$196K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	327.53	−0.043%	$1K	$2.7M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	327.56	−0.034%	$18K	$16K	20x	as long as short
BloFin ARM-USDT	+0.0021%	8h	327.54	−0.040%	$128K	$49K	20x	as long as short
QFEX ARM-USD	+0.0025%	1h	327.25	−0.128%	$1.1M	$4.0M	10x	as long as short
Lighter ARM	+0.0032%	1h	327.29	−0.116%	—	—	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARMUSDT	+0.0037%	8h	327.46	−0.065%	$8.6M	$50.0M	20x	as long as short
Extended ARM-USD	+0.0040%	1h	327.35	−0.099%	$39K	$271K	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	327.93	+0.079%	—	—	10x	as long as short
tradeXYZ xyz:ARM	+0.0050%	1h	327.31	−0.110%	$8.3M	$8.8M	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	327.73	+0.018%	$379K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	327.48	−0.058%	$202K	$405K	10x	as long as short
Coinbase International ARM-PERP-INTX	+0.0088%	1h	327.37	−0.092%	$98K	$301K	10x	as long as short
Bitget ARMUSDT	+0.0097%	8h	327.63	−0.012%	$1.8M	$3.9M	20x	as long as short
Gate ARM_USDT	+0.0117%	8h	327.54	−0.040%	$1.5M	$4.3M	50x	as long as short
edgeX ARMUSDC	+0.0177%	4h	327.86	+0.057%	$35K	$346K	10x	as long as short
Phoenix ARMlong	+0.0195%	1h	327.67	long leg	$5K	$444K	10x
Deribit ARM_USDC-PERPETUALshort	+0.0208%	1h	327.90	+0.070%	$12K	$125K	10x
Injective ARM/USDC PERP	+0.0220%	1h	332.08	+1.346%	$5K	$50K	12x	as long as short
KuCoin ARMUSDTM	+0.0463%	8h	327.49	−0.055%	$2.3M	$119K	20x	as long as short