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: Phoenix against QFEX+0.100%7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$44as 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 for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.100% dearer against QFEX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of 0.000%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX ARM-USD | 321.25 | 0.0011 | pay 0.0001% / 1h | 3m 15s | $1.1M | $3.5M | 10x |
| Short | Phoenix ARM | 321.57 | 0.0200 | get 0.0025% / 1h | 3m 15s | $5K | $446K | 10x |
QFEX ARM-USD
Phoenix ARMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against QFEX. 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%
- $9.95
- Slippage, 4 orders
- −$37.27
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$4.74
- Costs to cover
- 0.543%
- Break-even
- 7.8 days
Slippage from QFEX: live order book, 5 min ago; Phoenix: live order book, 44 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 QFEX live order book, 5 min ago | 1.56 bp | 9.8 bp −$10 | 12.7 bp −$127 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 44 min ago | 6.51 bp | 18.9 bp −$19 | 40.8 bp −$408 | 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 | +0.003% | $1.8M | $4.0M | 20x | as long as short |
| edgeX ARMUSDC | −0.0284% | 4h | 321.24 | −0.004% | $34K | $352K | 10x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 321.16 | −0.029% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 321.12 | −0.041% | $38K | $269K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 321.22 | −0.008% | $8.2M | $50.3M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 321.20 | −0.016% | $1.9M | $2.1M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 320.94 | −0.096% | $1.6M | $6.7M | 20x | as long as short |
| Gate ARM_USDT | 0.0000% | 8h | 321.19 | −0.019% | $1.4M | $4.4M | 50x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 321.54 | +0.090% | $185K | $292K | — | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 321.70 | +0.139% | $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 | +0.016% | $1K | $2.5M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 321.69 | +0.137% | $18K | $17K | 20x | as long as short |
| QFEX ARM-USDlong | +0.0011% | 1h | 321.25 | long leg | $1.1M | $3.5M | 10x | |
| BloFin ARM-USDT | +0.0015% | 8h | 321.22 | −0.009% | $120K | $51K | 20x | as long as short |
| Deribit ARM_USDC-PERPETUAL | +0.0030% | 1h | 321.23 | −0.006% | $12K | $59K | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 321.00 | −0.078% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 321.46 | +0.065% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 321.19 | −0.019% | $371K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 321.62 | +0.115% | $184K | $429K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0100% | 8h | 321.24 | −0.003% | $2.3M | $119K | 20x | as long as short |
| tradeXYZ xyz:ARM | +0.0128% | 1h | 321.25 | 0.000% | $8.1M | $8.7M | 10x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0176% | 1h | 321.23 | −0.006% | $100K | $298K | 10x | as long as short |
| Phoenix ARMshort | +0.0200% | 1h | 321.57 | +0.100% | $5K | $446K | 10x | |
| Injective ARM/USDC PERP | +0.0220% | 1h | 323.11 | +0.579% | $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