Funding you earn now, next payment 06:00 UTC−0.0199%/8h= −21.8% APRpaid last 24h −0.056%
Price spread now: SunX against Phoenix−0.106%69s7-day average −0.005% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.292%−$29 on $10k
+Price spread, last 4 days (all we have)+0.067%+$7 · spread now −0.106%, 7d avg −0.005%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and SunX is 0.102% cheaper against Phoenix than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.005%). Swap the legs. The two prices were read 69 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 | 320.31 | 0.0199 | pay 0.0025% / 1h | 42m 27s | $5K | $444K | 10x |
| Short | SunX ARM-USDT | 319.97 | 0 | get 0.0000% / 8h | 1h 42m | $1K | $2.5M | 10x |
Phoenix ARM
SunX ARM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$41.85
- Price spread: −0.106% → −0.005%
- −$10.15
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$67
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 65 min ago; SunX: live order book, 5 min ago. 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, 65 min ago | 6.51 bp | 18.9 bp −$19 | 40.8 bp −$408 | doesn't fit | doesn't fit |
| Sell SunX live order book, 5 min ago | 500.02 bp | doesn't fit | doesn't fit | 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 | −0.0830% | 8h | 320.25 | −0.019% | $1.8M | $4.0M | 20x | as long as short |
| edgeX ARMUSDC | −0.0054% | 4h | 320.23 | −0.024% | $34K | $353K | 10x | as long as short |
| BloFin ARM-USDT | −0.0014% | 8h | 319.98 | −0.103% | $122K | $51K | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 319.96 | −0.110% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 319.98 | −0.103% | $36K | $271K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 320.03 | −0.087% | $8.2M | $50.3M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 319.99 | −0.100% | $1.9M | $2.1M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 319.91 | −0.125% | $1.6M | $6.6M | 20x | as long as short |
| Gate ARM_USDT | 0.0000% | 8h | 320.02 | −0.091% | $1.4M | $4.2M | 50x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 320.01 | −0.092% | $184K | $287K | — | as long as short |
Bitget ARMUSDT
edgeX ARMUSDC
BloFin ARM-USDT
Aster ARMUSDT
Extended ARM-USD
Binance ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Gate ARM_USDT
Variational Omni ARMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 320.10 | −0.066% | $653 | $226K | 10x | as long as short |
| SunX ARM-USDTshort | 0.0000% | 8h | 319.97 | −0.106% | $1K | $2.5M | 10x | |
| HTX ARM-USDT | 0.0000% | 8h | 320.09 | −0.069% | $18K | $17K | 20x | as long as short |
| QFEX ARM-USD | +0.0021% | 1h | 320.02 | −0.091% | $1.1M | $3.5M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 319.94 | −0.116% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 320.20 | −0.034% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 319.93 | −0.119% | $370K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 319.98 | −0.103% | $184K | $433K | 10x | as long as short |
| Deribit ARM_USDC-PERPETUAL | +0.0063% | 1h | 319.98 | −0.103% | $12K | $59K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0100% | 8h | 320.28 | −0.009% | $2.3M | $119K | 20x | as long as short |
| tradeXYZ xyz:ARM | +0.0131% | 1h | 320.02 | −0.091% | $8.1M | $8.7M | 10x | as long as short |
| Phoenix ARMlong | +0.0199% | 1h | 320.31 | long leg | $5K | $444K | 10x | |
| Coinbase International ARM-PERP-INTX | +0.0200% | 1h | 321.23 | +0.287% | $100K | $296K | 10x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 324.40 | +1.277% | $5K | $50K | 12x | as long as short |
GRVT ARM_USDT_Perp
HTX ARM-USDT
QFEX ARM-USD
Lighter ARM
Vest ARM-USD-PERP
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
Deribit ARM_USDC-PERPETUAL
KuCoin ARMUSDTM
tradeXYZ xyz:ARM
Coinbase International ARM-PERP-INTX
Injective ARM/USDC PERP