Funding you earn now, next payment 08:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.28 per $10,000 · paid last 24h −0.061%
Price spread now: BloFin against Binance−0.175%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$520.518% of the position
Funding, last 7 days−0.060%−$6 on $10k
+Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.175%, 7d avg −0.030%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.145% cheaper against Binance than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.030%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ARMUSDT | 321.00 | 0 | get 0.0000% / 8h | 2h 12m | $8.2M | $50.3M | 20x |
| Short | BloFin ARM-USDT | 320.44 | −0.0028 | pay 0.0028% / 8h | 2h 12m | $121K | $51K | 20x |
Binance ARMUSDT
BloFin ARM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- −$5.94
- Price spread: −0.175% → −0.030%
- −$14.49
- Slippage, 4 orders
- −$29.76
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$72.19
- Costs to cover
- 0.518%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 min ago; BloFin: live order book, 66 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 Binance live order book, 14 min ago | 2.04 bp | 11.7 bp −$12 | 33.8 bp −$338 | 107.7 bp −$10.8K | doesn't fit |
| Sell BloFin live order book, 66 min ago | 0.78 bp | 6.8 bp −$7 | 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 | −0.0939% | 8h | 320.65 | −0.109% | $1.8M | $4.0M | 20x | as long as short |
| edgeX ARMUSDC | −0.0580% | 4h | 319.75 | −0.388% | $34K | $352K | 10x | as long as short |
| BloFin ARM-USDTshort | −0.0028% | 8h | 320.44 | −0.175% | $121K | $51K | 20x | |
| Aster ARMUSDT | 0.0000% | 8h | 320.66 | −0.106% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 320.62 | −0.120% | $38K | $272K | 10x | as long as short |
| Binance ARMUSDTlong | 0.0000% | 8h | 321.00 | long leg | $8.2M | $50.3M | 20x | |
| Bybit ARMUSDT | 0.0000% | 8h | 321.12 | +0.037% | $1.9M | $2.1M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 320.95 | −0.016% | $1.6M | $6.7M | 20x | as long as short |
| Gate ARM_USDT | 0.0000% | 8h | 320.88 | −0.038% | $1.4M | $4.4M | 50x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 319.57 | −0.445% | $184K | $294K | — | as long as short |
Bitget ARMUSDT
edgeX ARMUSDC
Aster ARMUSDT
Extended ARM-USD
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 | 319.65 | −0.422% | $655 | $221K | 10x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 320.28 | −0.225% | $1K | $2.5M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 319.53 | −0.458% | $18K | $17K | 20x | as long as short |
| QFEX ARM-USD | +0.0011% | 1h | 320.31 | −0.215% | $1.1M | $3.5M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 320.85 | −0.047% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 320.24 | −0.237% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 320.38 | −0.193% | $370K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 319.43 | −0.489% | $185K | $422K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0100% | 8h | 320.58 | −0.131% | $2.3M | $119K | 20x | as long as short |
| tradeXYZ xyz:ARM | +0.0141% | 1h | 320.99 | −0.003% | $8.1M | $8.7M | 10x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0176% | 1h | 320.40 | −0.187% | $100K | $299K | 10x | as long as short |
| Phoenix ARM | +0.0200% | 1h | 319.85 | −0.359% | $5K | $446K | 10x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 323.11 | +0.657% | $5K | $50K | 12x | as long as short |
| Deribit ARM_USDC-PERPETUAL | +0.1344% | 1h | 320.49 | −0.159% | $12K | $59K | 10x | as long as short |
GRVT ARM_USDT_Perp
SunX ARM-USDT
HTX ARM-USDT
QFEX ARM-USD
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
Phoenix ARM
Injective ARM/USDC PERP
Deribit ARM_USDC-PERPETUAL