Funding you earn now, next payment 07:00 UTC−0.0174%/8h= −19.0% APRnext payment −$0.22 per $10,000 · paid last 24h −0.040%
Price spread now: Ondo Perps against Phoenix−0.106%7-day average −0.063% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.112%−$11 on $10k
+Price spread, last 4 days (all we have)−0.099%−$10 · spread now −0.106%, 7d avg −0.063%
=Together, before fees−0.211%+ Points / potential airdropOndo Perps: Active · farm board−$21 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Ondo Perps is 0.042% cheaper against Phoenix than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.063%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ARM | 321.79 | 0.0224 | pay 0.0028% / 1h | 59m 26s | $5K | $414K | 10x |
| Short | Ondo Perps ARM-USD.P | 321.45 | 0.0050 | get 0.0006% / 1h | 59m 26s | $185K | $441K | 10x |
Phoenix ARM
Ondo Perps ARM-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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
- −$36.45
- Price spread: −0.106% → −0.063%
- −$4.24
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$52.69
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 38 min ago; Ondo Perps: 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, 38 min ago | 6.52 bp | 18.9 bp −$19 | 40.8 bp −$408 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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 | −0.0422% | 8h | 321.47 | −0.099% | $1.7M | $3.9M | 20x | as long as short |
| edgeX ARMUSDC | −0.0155% | 4h | 321.69 | −0.031% | $36K | $357K | 10x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 321.60 | −0.059% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 321.73 | −0.019% | $36K | $312K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 321.52 | −0.084% | $8.3M | $50.0M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 321.41 | −0.118% | $1.9M | $2.1M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 321.05 | −0.230% | $1.6M | $6.5M | 20x | as long as short |
| Gate ARM_USDT | 0.0000% | 8h | 321.85 | +0.019% | $1.4M | $4.0M | 50x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 321.72 | −0.023% | $187K | $252K | — | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 321.72 | −0.022% | $888 | $237K | 10x | as long as short |
Bitget ARMUSDT
edgeX ARMUSDC
Aster ARMUSDT
Extended ARM-USD
Binance ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Gate ARM_USDT
Variational Omni ARM
GRVT ARM_USDT_PerpShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX ARM-USDT | 0.0000% | 8h | 321.55 | −0.075% | $1K | $2.4M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 321.54 | −0.078% | $18K | $14K | 20x | as long as short |
| BloFin ARM-USDT | +0.0003% | 8h | 321.72 | −0.022% | $123K | $52K | 20x | as long as short |
| QFEX ARM-USD | +0.0025% | 1h | 321.79 | 0.000% | $1.1M | $3.4M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 321.33 | −0.143% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 321.91 | +0.037% | — | — | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.0050% | 1h | 321.63 | −0.050% | $8.2M | $8.7M | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 321.70 | −0.028% | $372K | $1.2M | 10x | as long as short |
| Ondo Perps ARM-USD.Pshort | +0.0050% | 1h | 321.45 | −0.106% | $185K | $441K | 10x | |
| Deribit ARM_USDC-PERPETUAL | +0.0092% | 1h | 321.82 | +0.009% | $12K | $59K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0100% | 8h | 321.40 | −0.121% | $2.3M | $126K | 20x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0160% | 1h | 320.83 | −0.298% | $98K | $289K | 10x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 324.70 | +0.904% | $5K | $49K | 12x | as long as short |
| Phoenix ARMlong | +0.0224% | 1h | 321.79 | long leg | $5K | $414K | 10x |
SunX ARM-USDT
HTX ARM-USDT
BloFin ARM-USDT
QFEX ARM-USD
Lighter ARM
Vest ARM-USD-PERP
tradeXYZ xyz:ARM
Polymarket Perps ARM-USD
Deribit ARM_USDC-PERPETUAL
KuCoin ARMUSDTM
Coinbase International ARM-PERP-INTX
Injective ARM/USDC PERP