ARM

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0071%/8h= −7.8% APRnext payment −$0.09 per $10,000 · paid last 24h −0.047%

Price spread now: Polymarket Perps against Phoenix−0.161%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$510.512% of the position

Long on Phoenix Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.135%−$14 on $10k

Price spread, last 4 days (all we have)+0.165%+$17 · spread now −0.161%, 7d avg −0.010%

Together, before fees+0.030%+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Polymarket Perps is 0.152% cheaper against Phoenix than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.010%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix ARM	328.39	0.0121	pay 0.0015% / 1h	15m 24s	$5K	$444K	10x
Short	Polymarket Perps ARM-USD	327.86	0.0050	get 0.0006% / 1h	15m 24s	$380K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee Polymarket PerpsbpOrdersPrice spread, now −0.161%Rate

Funding earned: −$14.93
Price spread: −0.161% → −0.010%: −$15.16
Slippage, 4 orders: −$36.18
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$81.27
Costs to cover: 0.512%
Break-even: never at this rate

Slippage from Phoenix: live order book, 51 min ago; Polymarket Perps: 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, 51 min ago	6.36 bp	18.9 bp −$19	40.6 bp −$406	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	1.98 bp	6.3 bp −$6	7.8 bp −$78	13.2 bp −$1,319	doesn't fit

ARM on 23 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	−0.0373%	4h	328.22	−0.051%	$35K	$346K	10x	as long as short
Coinbase International ARM-PERP-INTX	−0.0024%	1h	328.15	−0.073%	$99K	$288K	10x	as long as short
Aster ARMUSDT	0.0000%	8h	328.05	−0.102%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	327.91	−0.146%	$2.0M	$2.2M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	327.91	−0.146%	$1.7M	$6.6M	20x	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	328.23	−0.049%	$853	$186K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	328.36	−0.009%	$1K	$2.8M	10x	as long as short
Deribit ARM_USDC-PERPETUAL	0.0000%	1h	327.89	−0.152%	$12K	$125K	10x	as long as short
HTX ARM-USDT	0.0000%	8h	328.57	+0.055%	$18K	$16K	20x	as long as short
QFEX ARM-USD	+0.0015%	1h	328.01	−0.116%	$1.1M	$4.4M	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter ARM	+0.0032%	1h	327.89	−0.152%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	328.16	−0.070%	—	—	10x	as long as short
tradeXYZ xyz:ARM	+0.0050%	1h	327.86	−0.161%	$8.3M	$8.9M	10x	as long as short
Polymarket Perps ARM-USDshort	+0.0050%	1h	327.86	−0.161%	$380K	$1.3M	10x
Ondo Perps ARM-USD.P	+0.0050%	1h	328.02	−0.113%	$201K	$399K	10x	as long as short
Phoenix ARMlong	+0.0121%	1h	328.39	long leg	$5K	$444K	10x
Variational Omni ARM	+0.0121%	8h	328.01	−0.114%	$213K	$331K	—	as long as short
Gate ARM_USDT	+0.0156%	8h	328.26	−0.040%	$1.5M	$4.2M	50x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	332.02	+1.105%	$5K	$50K	12x	as long as short
Extended ARM-USD	+0.0240%	1h	327.83	−0.171%	$36K	$273K	10x	as long as short
Binance ARMUSDT	+0.0242%	8h	327.97	−0.129%	$8.6M	$50.4M	20x	as long as short
Bitget ARMUSDT	+0.0469%	8h	328.32	−0.021%	$1.8M	$3.8M	20x	as long as short
KuCoin ARMUSDTM	+0.0772%	8h	328.17	−0.067%	$2.4M	$120K	20x	as long as short