Funding you earn now, next payment 00:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.28 per $10,000 · paid last 24h −0.001%
Price spread now: OKX against BloFin−0.142%113s7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$530.528% of the position
Funding, last 7 days+0.013%+$1 on $10k
+Price spread, last 3 days (all we have)+0.324%+$32 · spread now −0.142%, 7d avg +0.019%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.161% cheaper against BloFin than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.019%). Swap the legs. The two prices were read 113 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 | BloFin ARM-USDT | 323.06 | 0.0028 | pay 0.0028% / 8h | 1h 59m | $123K | $44K | 20x |
| Short | OKX ARM-USDT-SWAP | 322.60 | 0 | get 0.0000% / 8h | 1h 59m | $1.6M | $6.7M | 20x |
BloFin ARM-USDT
OKX ARM-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against BloFin. 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
- −$5.85
- Price spread: −0.142% → +0.019%
- −$16.13
- Slippage, 4 orders
- −$30.76
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$74.75
- Costs to cover
- 0.528%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 13 min ago; OKX: live order book, 3 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 BloFin live order book, 13 min ago | 0.31 bp | 9.9 bp −$10 | 22.1 bp −$221 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 1.08 bp | 15.3 bp −$15 | 48.6 bp −$486 | 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 | −0.0162% | 4h | 322.84 | −0.067% | $34K | $349K | 10x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 322.56 | −0.155% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 322.74 | −0.100% | $39K | $188K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 322.73 | −0.102% | $8.5M | $51.1M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 322.90 | −0.050% | $2.0M | $2.6M | 25x | as long as short |
| OKX ARM-USDT-SWAPshort | 0.0000% | 8h | 322.60 | −0.142% | $1.6M | $6.7M | 20x | |
| Bitget ARMUSDT | 0.0000% | 8h | 322.70 | −0.111% | $1.7M | $4.2M | 20x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 322.85 | −0.064% | $276K | $460K | — | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 322.35 | −0.220% | $1K | $3.2M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 322.66 | −0.124% | $18K | $16K | 20x | as long as short |
edgeX ARMUSDC
Aster ARMUSDT
Extended ARM-USD
Binance ARMUSDT
Bybit ARMUSDT
Bitget ARMUSDT
Variational Omni ARM
SunX ARM-USDT
HTX ARM-USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ARM_USDT | +0.0018% | 8h | 322.88 | −0.056% | $1.5M | $4.0M | 50x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0024% | 1h | 322.79 | −0.084% | $91K | $282K | 10x | as long as short |
| BloFin ARM-USDTlong | +0.0028% | 8h | 323.06 | long leg | $123K | $44K | 20x | |
| Lighter ARM | +0.0032% | 1h | 322.50 | −0.173% | — | — | 10x | as long as short |
| GRVT ARM_USDT_Perp | +0.0032% | 8h | 322.87 | −0.059% | $807 | $214K | 10x | as long as short |
| QFEX ARM-USD | +0.0035% | 1h | 322.72 | −0.105% | $1.1M | $4.6M | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 322.80 | −0.080% | — | — | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.0050% | 1h | 322.68 | −0.118% | $7.6M | $9.9M | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 322.57 | −0.152% | $374K | $1.5M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 322.41 | −0.201% | $210K | $548K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0146% | 8h | 323.18 | +0.037% | $2.3M | $118K | 20x | as long as short |
| Phoenix ARM | +0.0149% | 1h | 322.69 | −0.115% | $5K | $460K | 10x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 326.29 | +1.000% | $5K | $52K | 12x | as long as short |
| Deribit ARM_USDC-PERPETUAL | +0.0494% | 1h | 322.85 | −0.065% | $12K | $145K | 10x | as long as short |
Gate ARM_USDT
Coinbase International ARM-PERP-INTX
Lighter ARM
GRVT ARM_USDT_Perp
QFEX ARM-USD
Vest ARM-USD-PERP
tradeXYZ xyz:ARM
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
KuCoin ARMUSDTM
Phoenix ARM
Injective ARM/USDC PERP
Deribit ARM_USDC-PERPETUAL