Funding you earn now, next payment 08:00 UTC+0.0310%/8h= +33.9% APRnext payment +$3.10 per $10,000 · paid last 24h −0.033%
Price spread now: Bybit against Bitget−0.109%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$660.662% of the position
Funding, last 7 days−0.193%−$19 on $10k
+Price spread, last 7 days+0.107%+$11 · spread now −0.109%, 7d avg +0.008%
=Funding pays, the price is against you. Bybit is 0.116% cheaper against Bitget than usual: you would sell low and buy high (spread −0.109% now, against its 7-day average of +0.008%). If the spread goes back, that is −$12 on $10k: about 30 hours of funding at the current rate (+$9 a day). Mind the row above: over the last 7 days funding on this pair cost −0.193%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.193% in total (about -10.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.10 per $10,000. 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 | Bitget ARMUSDT | 321.98 | −0.0310 | get 0.0310% / 8h | 3h 12m | $1.8M | $3.9M | 20x |
| Short | Bybit ARMUSDT | 321.63 | 0 | get 0.0000% / 8h | 3h 12m | $1.9M | $2.2M | 25x |
Bitget ARMUSDT
Bybit ARMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Bitget. 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
- $65.1
- Price spread: −0.109% → +0.008%
- −$11.63
- Slippage, 4 orders
- −$43.22
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$12.75
- Costs to cover
- 0.662%
- Break-even
- 8.4 days
Slippage from Bitget: live order book, 5 min ago; Bybit: live order book, 4 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 Bitget live order book, 5 min ago | 3.57 bp | 11.8 bp −$12 | 20.0 bp −$200 | 61.1 bp −$6,110 | doesn't fit |
| Sell Bybit live order book, 4 min ago | 6.04 bp | 19.4 bp −$19 | 83.0 bp −$830 | 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 ARMUSDTlong | −0.0310% | 8h | 321.98 | long leg | $1.8M | $3.9M | 20x | |
| BloFin ARM-USDT | 0.0000% | 8h | 322.32 | +0.106% | $123K | $50K | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 321.67 | −0.096% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 321.65 | −0.101% | $37K | $262K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 321.58 | −0.125% | $8.3M | $50.7M | 20x | as long as short |
| Bybit ARMUSDTshort | 0.0000% | 8h | 321.63 | −0.109% | $1.9M | $2.2M | 25x | |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 321.55 | −0.134% | $1.6M | $6.7M | 20x | as long as short |
| Gate ARM_USDT | 0.0000% | 8h | 321.78 | −0.062% | $1.4M | $4.4M | 50x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 322.49 | +0.158% | $208K | $288K | — | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 322.41 | +0.134% | $742 | $216K | 10x | as long as short |
BloFin ARM-USDT
Aster ARMUSDT
Extended ARM-USD
Binance 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 | 322.10 | +0.037% | $970 | $2.6M | 10x | as long as short |
| Deribit ARM_USDC-PERPETUAL | 0.0000% | 1h | 322.22 | +0.075% | $12K | $59K | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 322.18 | +0.062% | $18K | $17K | 20x | as long as short |
| QFEX ARM-USD | +0.0014% | 1h | 321.81 | −0.053% | $1.1M | $3.7M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 321.69 | −0.090% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 322.31 | +0.102% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 321.86 | −0.037% | $373K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 321.97 | −0.003% | $186K | $416K | 10x | as long as short |
| Phoenix ARM | +0.0123% | 1h | 322.21 | +0.071% | $5K | $446K | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.0127% | 1h | 321.76 | −0.068% | $8.1M | $8.7M | 10x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0128% | 1h | 322.33 | +0.109% | $100K | $314K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0133% | 8h | 321.91 | −0.022% | $2.3M | $119K | 20x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 324.93 | +0.916% | $5K | $50K | 12x | as long as short |
| edgeX ARMUSDC | +0.0633% | 4h | 322.35 | +0.115% | $34K | $351K | 10x | as long as short |
SunX ARM-USDT
Deribit ARM_USDC-PERPETUAL
HTX ARM-USDT
QFEX ARM-USD
Lighter ARM
Vest ARM-USD-PERP
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
Phoenix ARM
tradeXYZ xyz:ARM
Coinbase International ARM-PERP-INTX
KuCoin ARMUSDTM
Injective ARM/USDC PERP
edgeX ARMUSDC