Funding you earn now, next payment 00:00 UTC+0.0582%/8h= +63.8% APRpaid last 24h +0.034%
Price spread now: KuCoin against Phoenix−0.103%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$239as in the Funding arb table
Net, price: spread back to 7d avg − costs−$253as in the Price arb table
costs, in and out, $10k−$2422.415% of the position
Funding, last 7 days+0.024%+$2 on $10k
+Price spread, last 3 days (all we have)+0.120%+$12 · spread now −0.103%, 7d avg +0.011%
=Funding pays, the price is against you. KuCoin is 0.114% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.103% now, against its 7-day average of +0.011%). If the spread goes back, that is −$11 on $10k: about 16 hours of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.024% in total) that is about 33 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.024% in total (about 1.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ARM | 330.96 | 0.0197 | pay 0.0025% / 1h | 23m 28s | $5K | $460K | 10x |
| Short | KuCoin ARMUSDTM | 330.62 | 0.0779 | get 0.0779% / 8h | 7h 23m | $2.4M | $116K | 20x |
Phoenix ARM
KuCoin ARMUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $122.31
- Price spread: −0.103% → +0.011%
- −$11.36
- Slippage, 4 orders
- −$222.52
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$130.57
- Costs to cover
- 2.415%
- Break-even
- 14.5 days
Slippage from Phoenix: live order book, 48 min ago; KuCoin: live order book, 3 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, 48 min ago | 6.44 bp | 18.8 bp −$19 | 40.7 bp −$407 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 9.35 bp | 101.7 bp −$102 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX ARMUSDC | −0.0898% | 4h | 330.90 | −0.018% | $35K | $352K | 10x | as long as short |
| BloFin ARM-USDT | −0.0016% | 8h | 331.08 | +0.036% | $127K | $46K | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 330.17 | −0.238% | $7K | $126K | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 330.35 | −0.184% | $2.0M | $2.2M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 330.42 | −0.163% | $1.7M | $6.7M | 20x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 330.05 | −0.275% | $1K | $3.0M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 331.33 | +0.112% | $18K | $16K | 20x | as long as short |
| Deribit ARM_USDC-PERPETUAL | +0.0023% | 1h | 330.14 | −0.248% | $12K | $125K | 10x | as long as short |
| QFEX ARM-USD | +0.0026% | 1h | 330.28 | −0.205% | $1.1M | $4.6M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 330.12 | −0.254% | — | — | 10x | as long as short |
edgeX ARMUSDC
BloFin ARM-USDT
Aster ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
SunX ARM-USDT
HTX ARM-USDT
Deribit ARM_USDC-PERPETUAL
QFEX ARM-USD
Lighter ARMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest ARM-USD-PERP | +0.0046% | 1h | 330.61 | −0.106% | — | — | 10x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0048% | 1h | 325.94 | −1.517% | $89K | $282K | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 330.65 | −0.094% | $205K | $522K | 10x | as long as short |
| GRVT ARM_USDT_Perp | +0.0077% | 8h | 331.02 | +0.018% | $841 | $190K | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0157% | 1h | 330.37 | −0.178% | $383K | $1.3M | 10x | as long as short |
| Gate ARM_USDT | +0.0164% | 8h | 330.43 | −0.160% | $1.5M | $4.1M | 50x | as long as short |
| tradeXYZ xyz:ARM | +0.0171% | 1h | 330.35 | −0.184% | $8.3M | $8.8M | 10x | as long as short |
| Phoenix ARMlong | +0.0197% | 1h | 330.96 | long leg | $5K | $460K | 10x | |
| Variational Omni ARM | +0.0213% | 8h | 331.06 | +0.030% | $215K | $528K | — | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 331.89 | +0.281% | $5K | $50K | 12x | as long as short |
| Binance ARMUSDT | +0.0349% | 8h | 330.34 | −0.187% | $8.9M | $50.5M | 20x | as long as short |
| Extended ARM-USD | +0.0352% | 1h | 330.09 | −0.262% | $38K | $334K | 10x | as long as short |
| Bitget ARMUSDT | +0.0729% | 8h | 330.32 | −0.193% | $1.8M | $3.9M | 20x | as long as short |
| KuCoin ARMUSDTMshort | +0.0779% | 8h | 330.62 | −0.103% | $2.4M | $116K | 20x |
Vest ARM-USD-PERP
Coinbase International ARM-PERP-INTX
Ondo Perps ARM-USD.P
GRVT ARM_USDT_Perp
Polymarket Perps ARM-USD
Gate ARM_USDT
tradeXYZ xyz:ARM
Variational Omni ARM
Injective ARM/USDC PERP
Binance ARMUSDT
Extended ARM-USD
Bitget ARMUSDT