Funding you earn now, next payment 05:00 UTC−0.0188%/8h= −20.6% APRnext payment −$0.24 per $10,000 · paid last 24h −0.046%
Price spread now: QFEX against Phoenix−0.100%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$540.543% of the position
Funding, last 4 days (all we have)−0.088%−$9 on $10k
+Price spread, last 4 days (all we have)+0.090%+$9 · spread now −0.100%, 7d avg 0.000%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and QFEX is 0.099% cheaper against Phoenix than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of 0.000%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ARM | 321.57 | 0.0200 | pay 0.0025% / 1h | 3m 17s | $5K | $446K | 10x |
| Short | QFEX ARM-USD | 321.25 | 0.0011 | get 0.0001% / 1h | 3m 17s | $1.1M | $3.5M | 10x |
Phoenix ARM
QFEX ARM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$39.57
- Price spread: −0.100% → 0.000%
- −$9.94
- Slippage, 4 orders
- −$37.27
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$103.78
- Costs to cover
- 0.543%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 44 min ago; QFEX: live order book, 5 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, 44 min ago | 6.51 bp | 18.9 bp −$19 | 40.8 bp −$408 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 1.56 bp | 6.6 bp −$7 | 11.3 bp −$113 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget ARMUSDT | −0.0840% | 8h | 321.26 | −0.096% | $1.8M | $4.0M | 20x | as long as short |
| edgeX ARMUSDC | −0.0284% | 4h | 321.24 | −0.104% | $34K | $352K | 10x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 321.16 | −0.129% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 321.12 | −0.141% | $38K | $269K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 321.22 | −0.108% | $8.2M | $50.3M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 321.20 | −0.115% | $1.9M | $2.1M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 320.94 | −0.196% | $1.6M | $6.7M | 20x | as long as short |
| Gate ARM_USDT | 0.0000% | 8h | 321.19 | −0.118% | $1.4M | $4.4M | 50x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 321.54 | −0.010% | $185K | $292K | — | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 321.70 | +0.039% | $692 | $221K | 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 | 321.30 | −0.084% | $1K | $2.5M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 321.69 | +0.037% | $18K | $17K | 20x | as long as short |
| QFEX ARM-USDshort | +0.0011% | 1h | 321.25 | −0.100% | $1.1M | $3.5M | 10x | |
| BloFin ARM-USDT | +0.0015% | 8h | 321.22 | −0.109% | $120K | $51K | 20x | as long as short |
| Deribit ARM_USDC-PERPETUAL | +0.0030% | 1h | 321.23 | −0.106% | $12K | $59K | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 321.00 | −0.177% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 321.46 | −0.034% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 321.19 | −0.118% | $371K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 321.62 | +0.016% | $184K | $429K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0100% | 8h | 321.24 | −0.103% | $2.3M | $119K | 20x | as long as short |
| tradeXYZ xyz:ARM | +0.0128% | 1h | 321.25 | −0.100% | $8.1M | $8.7M | 10x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0176% | 1h | 321.23 | −0.106% | $100K | $298K | 10x | as long as short |
| Phoenix ARMlong | +0.0200% | 1h | 321.57 | long leg | $5K | $446K | 10x | |
| Injective ARM/USDC PERP | +0.0220% | 1h | 323.11 | +0.479% | $5K | $50K | 12x | as long as short |
SunX ARM-USDT
HTX ARM-USDT
BloFin ARM-USDT
Deribit ARM_USDC-PERPETUAL
Lighter ARM
Vest ARM-USD-PERP
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
KuCoin ARMUSDTM
tradeXYZ xyz:ARM
Coinbase International ARM-PERP-INTX
Injective ARM/USDC PERP