Funding you earn now, next payment 22:00 UTC−0.0186%/8h= −20.3% APRpaid last 24h −0.010%
Price spread now: Variational Omni against Phoenix−0.086%7-day average +0.011% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.034%−$3 on $10k
+Price spread, last 3 days (all we have)+0.018%+$2 · spread now −0.086%, 7d avg +0.011%
=Together, before fees−0.015%+ Points / potential airdropVariational Omni: Active · farm board−$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Variational Omni is 0.097% cheaper against Phoenix than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.011%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.034% in total (about -3.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ARM | 324.80 | 0.0198 | pay 0.0025% / 1h | 5m 00s | $5K | $460K | 10x |
| Short | Variational Omni ARM | 324.52 | 0.0013 | get 0.0013% / 8h | 1h 05m | $213K | $523K | — |
Phoenix ARM
Variational Omni ARMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$39.02
- Price spread: −0.086% → +0.011%
- −$9.71
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$55.73
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 12 min ago; Variational Omni: RFQ quote, 14 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, 12 min ago | 6.47 bp | 18.8 bp −$19 | 40.7 bp −$407 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 14 min ago | 5.24 bp | doesn't fit | 55.9 bp −$559 | 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 | −0.0502% | 4h | 324.52 | −0.086% | $35K | $349K | 10x | as long as short |
| BloFin ARM-USDT | −0.0009% | 8h | 324.76 | −0.012% | $123K | $45K | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 324.68 | −0.037% | $7K | $126K | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 324.84 | +0.012% | $2.0M | $2.6M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 324.87 | +0.022% | $1.7M | $6.8M | 20x | as long as short |
| Bitget ARMUSDT | 0.0000% | 8h | 324.90 | +0.031% | $1.8M | $4.2M | 20x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 324.25 | −0.169% | $1K | $3.2M | 10x | as long as short |
| Deribit ARM_USDC-PERPETUAL | 0.0000% | 1h | 324.83 | +0.009% | $12K | $145K | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 324.77 | −0.009% | $18K | $16K | 20x | as long as short |
| Variational Omni ARMshort | +0.0013% | 8h | 324.52 | −0.086% | $213K | $523K | — |
edgeX ARMUSDC
BloFin ARM-USDT
Aster ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Bitget ARMUSDT
SunX ARM-USDT
Deribit ARM_USDC-PERPETUAL
HTX ARM-USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ARM | +0.0032% | 1h | 324.74 | −0.018% | — | — | 10x | as long as short |
| QFEX ARM-USD | +0.0043% | 1h | 324.88 | +0.025% | $1.1M | $4.7M | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 324.97 | +0.052% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 324.74 | −0.018% | $365K | $1.5M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 324.55 | −0.077% | $211K | $559K | 10x | as long as short |
| Gate ARM_USDT | +0.0058% | 8h | 325.04 | +0.074% | $1.5M | $4.1M | 50x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0088% | 1h | 324.18 | −0.191% | $88K | $300K | 10x | as long as short |
| Binance ARMUSDT | +0.0126% | 8h | 324.92 | +0.037% | $8.6M | $51.1M | 20x | as long as short |
| Extended ARM-USD | +0.0128% | 1h | 324.85 | +0.015% | $39K | $188K | 10x | as long as short |
| Phoenix ARMlong | +0.0198% | 1h | 324.80 | long leg | $5K | $460K | 10x | |
| tradeXYZ xyz:ARM | +0.0204% | 1h | 324.97 | +0.052% | $7.9M | $9.9M | 10x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 327.86 | +0.942% | $5K | $52K | 12x | as long as short |
| GRVT ARM_USDT_Perp | +0.0248% | 8h | 324.81 | +0.003% | $857 | $208K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0423% | 8h | 325.05 | +0.077% | $2.3M | $119K | 20x | as long as short |
Lighter ARM
QFEX ARM-USD
Vest ARM-USD-PERP
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
Gate ARM_USDT
Coinbase International ARM-PERP-INTX
Binance ARMUSDT
Extended ARM-USD
tradeXYZ xyz:ARM
Injective ARM/USDC PERP
GRVT ARM_USDT_Perp
KuCoin ARMUSDTM