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: Lighter against Phoenix−0.195%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$5 a day on $10k at the current rate, and Lighter is 0.195% cheaper against Phoenix than usual: you would sell low and buy high (−$20 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ARM | 322.68 | 0.0200 | pay 0.0025% / 1h | 46m 41s | $5K | $446K | 10x |
| Short | Lighter ARM | 322.05 | 0.0032 | get 0.0004% / 1h | 46m 41s | — | — | 10x |
Phoenix ARM
Lighter ARMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$35.24
- Price spread: −0.195% → 0.000%
- −$19.52
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$61.76
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 66 min ago; Lighter: 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, 66 min ago | 6.47 bp | 18.8 bp −$19 | 40.7 bp −$407 | doesn't fit | doesn't fit |
| Sell Lighter no order-book sample | — | — | — | — | — |
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 | 322.35 | −0.102% | $1.8M | $3.9M | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 321.97 | −0.221% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 322.21 | −0.146% | $35K | $272K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 322.27 | −0.128% | $8.3M | $50.5M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 322.27 | −0.127% | $1.9M | $2.2M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 322.12 | −0.174% | $1.6M | $6.7M | 20x | as long as short |
| Gate ARM_USDT | 0.0000% | 8h | 322.32 | −0.112% | $1.4M | $4.3M | 50x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 322.63 | −0.016% | $192K | $297K | — | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 322.66 | −0.007% | $1K | $218K | 10x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 322.47 | −0.065% | $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 | −0.139% | $18K | $16K | 20x | as long as short |
| QFEX ARM-USD | +0.0011% | 1h | 322.08 | −0.186% | $1.1M | $3.6M | 10x | as long as short |
| BloFin ARM-USDT | +0.0029% | 8h | 322.51 | −0.053% | $122K | $50K | 20x | as long as short |
| Lighter ARMshort | +0.0032% | 1h | 322.05 | −0.195% | — | — | 10x | |
| Vest ARM-USD-PERP | +0.0046% | 1h | 322.34 | −0.105% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 322.31 | −0.115% | $373K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 322.44 | −0.074% | $184K | $418K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0100% | 8h | 322.12 | −0.174% | $2.3M | $119K | 20x | as long as short |
| edgeX ARMUSDC | +0.0135% | 4h | 322.32 | −0.110% | $34K | $351K | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.0174% | 1h | 322.22 | −0.143% | $8.1M | $8.6M | 10x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0176% | 1h | 321.20 | −0.459% | $99K | $307K | 10x | as long as short |
| Phoenix ARMlong | +0.0200% | 1h | 322.68 | long leg | $5K | $446K | 10x | |
| Deribit ARM_USDC-PERPETUAL | +0.0216% | 1h | 322.21 | −0.146% | $12K | $59K | 10x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 324.06 | +0.428% | $5K | $50K | 12x | as long as short |
HTX ARM-USDT
QFEX ARM-USD
BloFin ARM-USDT
Vest ARM-USD-PERP
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
KuCoin ARMUSDTM
edgeX ARMUSDC
tradeXYZ xyz:ARM
Coinbase International ARM-PERP-INTX
Deribit ARM_USDC-PERPETUAL
Injective ARM/USDC PERP