Funding you earn now, next payment 04:00 UTC+0.0097%/8h= +10.7% APRnext payment +$0.12 per $10,000 · paid last 24h +0.007%
Price spread now: Injective against Phoenix+2.099%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.047%+$5 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Injective is 2.099% dearer against Phoenix than usual: you sell high and buy low: +$210 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ARM | 323.45 | 0.0123 | pay 0.0015% / 1h | 45m 56s | $5K | $446K | 10x |
| Short | Injective ARM/USDC PERP | 330.24 | 0.0220 | get 0.0028% / 1h | 45m 56s | $5K | $50K | 12x |
Phoenix ARM
Injective ARM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $20.44
- Price spread: +2.099% → 0.000%
- $209.92
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $223.35
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Phoenix: live order book, 6 min ago; Injective: no order-book sample. 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 Phoenix live order book, 6 min ago | 6.47 bp | 18.8 bp −$19 | 40.7 bp −$407 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ARMUSDT | 0.0000% | 8h | 324.50 | +0.325% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 323.89 | +0.137% | $40K | $271K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 324.00 | +0.169% | $8.4M | $50.5M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 324.09 | +0.198% | $1.9M | $2.2M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 323.80 | +0.108% | $1.6M | $6.7M | 20x | as long as short |
| Bitget ARMUSDT | 0.0000% | 8h | 324.06 | +0.189% | $1.8M | $3.9M | 20x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 324.10 | +0.200% | $210K | $294K | — | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 323.30 | −0.047% | $375 | $207K | 10x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 324.17 | +0.223% | $1K | $2.7M | 10x | as long as short |
| Deribit ARM_USDC-PERPETUAL | 0.0000% | 1h | 323.86 | +0.127% | $12K | $59K | 10x | as long as short |
Aster ARMUSDT
Extended ARM-USD
Binance ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Bitget ARMUSDT
Variational Omni ARM
GRVT ARM_USDT_Perp
SunX ARM-USDT
Deribit ARM_USDC-PERPETUALShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX ARM-USDT | 0.0000% | 8h | 323.72 | +0.083% | $18K | $17K | 20x | as long as short |
| Gate ARM_USDT | +0.0007% | 8h | 324.00 | +0.170% | $1.5M | $4.3M | 50x | as long as short |
| BloFin ARM-USDT | +0.0012% | 8h | 323.24 | −0.065% | $126K | $49K | 20x | as long as short |
| QFEX ARM-USD | +0.0014% | 1h | 324.00 | +0.170% | $1.1M | $3.8M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 323.77 | +0.099% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 324.06 | +0.189% | — | — | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.0050% | 1h | 323.95 | +0.155% | $8.1M | $8.8M | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 323.98 | +0.164% | $375K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 323.10 | −0.108% | $190K | $412K | 10x | as long as short |
| Phoenix ARMlong | +0.0123% | 1h | 323.45 | long leg | $5K | $446K | 10x | |
| Coinbase International ARM-PERP-INTX | +0.0128% | 1h | 324.44 | +0.306% | $95K | $306K | 10x | as long as short |
| Injective ARM/USDC PERPshort | +0.0220% | 1h | 330.24 | +2.099% | $5K | $50K | 12x | |
| KuCoin ARMUSDTM | +0.0229% | 8h | 324.17 | +0.223% | $2.3M | $119K | 20x | as long as short |
| edgeX ARMUSDC | +0.0776% | 4h | 323.16 | −0.089% | $34K | $350K | 10x | as long as short |
HTX ARM-USDT
Gate ARM_USDT
BloFin ARM-USDT
QFEX ARM-USD
Lighter ARM
Vest ARM-USD-PERP
tradeXYZ xyz:ARM
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
Coinbase International ARM-PERP-INTX
KuCoin ARMUSDTM
edgeX ARMUSDC