Funding you earn now, next payment 00:00 UTC−0.0197%/8h= −21.5% APRpaid last 24h −0.061%
Price spread now: OKX against Phoenix−0.215%66s7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$84as 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−$610.610% of the position
Funding, last 7 days−0.233%−$23 on $10k
+Price spread, last 3 days (all we have)+0.209%+$21 · spread now −0.215%, 7d avg +0.004%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and OKX is 0.218% cheaper against Phoenix than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.004%). Swap the legs. The two prices were read 66 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 | 330.96 | 0.0197 | pay 0.0025% / 1h | 24m 25s | $5K | $460K | 10x |
| Short | OKX ARM-USDT-SWAP | 330.25 | 0 | get 0.0000% / 8h | 7h 24m | $1.7M | $6.7M | 20x |
Phoenix ARM
OKX ARM-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$41.28
- Price spread: −0.215% → +0.004%
- −$21.83
- Slippage, 4 orders
- −$43.98
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$124.09
- Costs to cover
- 0.610%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 47 min ago; OKX: live order book, 4 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, 47 min ago | 6.44 bp | 18.8 bp −$19 | 40.7 bp −$407 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 1.21 bp | 13.6 bp −$14 | 45.5 bp −$455 | 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 | −0.0996% | 4h | 331.52 | +0.170% | $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 | 330.25 | −0.215% | $7K | $126K | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 330.31 | −0.196% | $2.0M | $2.2M | 25x | as long as short |
| OKX ARM-USDT-SWAPshort | 0.0000% | 8h | 330.25 | −0.215% | $1.7M | $6.7M | 20x | |
| SunX ARM-USDT | 0.0000% | 8h | 330.68 | −0.085% | $1K | $3.0M | 10x | as long as short |
| Deribit ARM_USDC-PERPETUAL | 0.0000% | 1h | 330.96 | 0.000% | $12K | $125K | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 331.33 | +0.112% | $18K | $16K | 20x | as long as short |
| QFEX ARM-USD | +0.0026% | 1h | 330.32 | −0.193% | $1.1M | $4.7M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 330.29 | −0.202% | — | — | 10x | as long as short |
edgeX ARMUSDC
BloFin ARM-USDT
Aster ARMUSDT
Bybit ARMUSDT
SunX ARM-USDT
Deribit ARM_USDC-PERPETUAL
HTX ARM-USDT
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 | 330.76 | −0.060% | — | — | 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 | +0.0054% | 1h | 330.65 | −0.094% | $205K | $522K | 10x | as long as short |
| GRVT ARM_USDT_Perp | +0.0056% | 8h | 331.40 | +0.132% | $418 | $190K | 10x | as long as short |
| Gate ARM_USDT | +0.0141% | 8h | 330.52 | −0.133% | $1.5M | $4.1M | 50x | as long as short |
| Polymarket Perps ARM-USD | +0.0166% | 1h | 330.34 | −0.187% | $382K | $1.3M | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.0180% | 1h | 330.29 | −0.202% | $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 | +0.0350% | 8h | 330.29 | −0.202% | $8.9M | $50.5M | 20x | as long as short |
| Extended ARM-USD | +0.0352% | 1h | 330.33 | −0.191% | $38K | $334K | 10x | as long as short |
| Bitget ARMUSDT | +0.0714% | 8h | 330.30 | −0.199% | $1.8M | $3.9M | 20x | as long as short |
| KuCoin ARMUSDTM | +0.0778% | 8h | 330.68 | −0.085% | $2.4M | $116K | 20x | as long as short |
Vest ARM-USD-PERP
Coinbase International ARM-PERP-INTX
Ondo Perps ARM-USD.P
GRVT ARM_USDT_Perp
Gate ARM_USDT
Polymarket Perps ARM-USD
tradeXYZ xyz:ARM
Variational Omni ARM
Injective ARM/USDC PERP
Binance ARMUSDT
Extended ARM-USD
Bitget ARMUSDT
KuCoin ARMUSDTM