Funding you earn now, next payment 04:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h +0.013%
Price spread now: Coinbase International against Bybit−0.145%54s7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as 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+0.201%+$20 on $10k
+Price spread, last 4 days (all we have)−0.033%−$3 · spread now −0.145%, 7d avg −0.041%
=Funding pays, the price is against you. Coinbase International is 0.103% cheaper against Bybit than usual: you would sell low and buy high (spread −0.145% now, against its 7-day average of −0.041%). If the spread goes back, that is −$10 on $10k: about 2.7 days of funding at the current rate (+$4 a day). The two prices were read 54 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 | Bybit ARMUSDT | 324.91 | 0 | get 0.0000% / 8h | 3h 53m | $1.9M | $2.1M | 25x |
| Short | Coinbase International ARM-PERP-INTX | 324.44 | 0.0128 | get 0.0016% / 1h | 53m 22s | $95K | $306K | 10x |
Bybit ARMUSDT
Coinbase International ARM-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Bybit. 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
- $26.88
- Price spread: −0.145% → −0.041%
- −$10.35
- Slippage, 4 orders
- −$31.85
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$36.32
- Costs to cover
- 0.528%
- Break-even
- 16.5 days
Slippage from Bybit: live order book, 3 min ago; Coinbase International: live order book, 65 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 Bybit live order book, 3 min ago | 4.45 bp | 18.0 bp −$18 | 77.7 bp −$777 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 65 min ago | 4.72 bp | 11.3 bp −$11 | 20.3 bp −$203 | 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 | −0.0310% | 4h | 324.99 | +0.024% | $34K | $348K | 10x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 325.23 | +0.098% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 324.92 | +0.003% | $41K | $271K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 324.89 | −0.005% | $8.5M | $50.2M | 20x | as long as short |
| Bybit ARMUSDTlong | 0.0000% | 8h | 324.91 | long leg | $1.9M | $2.1M | 25x | |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 324.75 | −0.049% | $1.7M | $6.7M | 20x | as long as short |
| Bitget ARMUSDT | 0.0000% | 8h | 324.85 | −0.018% | $1.8M | $3.9M | 20x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 325.71 | +0.246% | $211K | $296K | — | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 326.04 | +0.348% | $544 | $206K | 10x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 324.94 | +0.009% | $1K | $2.7M | 10x | as long as short |
edgeX ARMUSDC
Aster ARMUSDT
Extended ARM-USD
Binance ARMUSDT
OKX ARM-USDT-SWAP
Bitget ARMUSDT
Variational Omni ARM
GRVT ARM_USDT_Perp
SunX ARM-USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX ARM-USDT | 0.0000% | 8h | 325.37 | +0.142% | $18K | $16K | 20x | as long as short |
| QFEX ARM-USD | +0.0014% | 1h | 324.81 | −0.031% | $1.1M | $3.8M | 10x | as long as short |
| Gate ARM_USDT | +0.0024% | 8h | 324.92 | +0.003% | $1.5M | $4.3M | 50x | as long as short |
| BloFin ARM-USDT | +0.0029% | 8h | 325.05 | +0.043% | $127K | $49K | 20x | as long as short |
| Lighter ARM | +0.0032% | 1h | 324.61 | −0.092% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 324.99 | +0.025% | — | — | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.0050% | 1h | 324.82 | −0.028% | $8.2M | $8.8M | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 324.76 | −0.046% | $376K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 324.97 | +0.018% | $196K | $412K | 10x | as long as short |
| Phoenix ARM | +0.0123% | 1h | 325.11 | +0.062% | $5K | $446K | 10x | as long as short |
| Coinbase International ARM-PERP-INTXshort | +0.0128% | 1h | 324.44 | −0.145% | $95K | $306K | 10x | |
| Injective ARM/USDC PERP | +0.0220% | 1h | 330.24 | +1.640% | $5K | $50K | 12x | as long as short |
| KuCoin ARMUSDTM | +0.0253% | 8h | 325.13 | +0.068% | $2.3M | $119K | 20x | as long as short |
| Deribit ARM_USDC-PERPETUAL | +0.0582% | 1h | 324.92 | +0.003% | $12K | $59K | 10x | as long as short |
HTX ARM-USDT
QFEX ARM-USD
Gate ARM_USDT
BloFin ARM-USDT
Lighter ARM
Vest ARM-USD-PERP
tradeXYZ xyz:ARM
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
Phoenix ARM
Injective ARM/USDC PERP
KuCoin ARMUSDTM
Deribit ARM_USDC-PERPETUAL