Funding you earn now, next payment 08:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h −0.025%
Price spread now: BloFin against Coinbase International−0.041%58s7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as 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−$540.538% of the position
Funding, last 7 days−0.206%−$21 on $10k
+Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.041%, 7d avg +0.013%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and BloFin is 0.054% cheaper against Coinbase International than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.013%). Swap the legs. The two prices were read 58 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 | Coinbase International ARM-PERP-INTX | 320.32 | 0.0104 | pay 0.0013% / 1h | 2m 15s | $100K | $280K | 10x |
| Short | BloFin ARM-USDT | 320.19 | 0.0016 | get 0.0016% / 8h | 7h 02m | $121K | $53K | 20x |
Coinbase International ARM-PERP-INTX
BloFin ARM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Coinbase International. 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
- −$18.46
- Price spread: −0.041% → +0.013%
- −$5.35
- Slippage, 4 orders
- −$31.81
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$77.62
- Costs to cover
- 0.538%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 31 min ago; BloFin: live order book, 54 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 Coinbase International live order book, 31 min ago | 6.61 bp | 12.4 bp −$12 | 22.3 bp −$223 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 54 min ago | 2.51 bp | 13.4 bp −$13 | 27.1 bp −$271 | 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 | −0.0985% | 4h | 320.62 | +0.094% | $35K | $361K | 10x | as long as short |
| Bitget ARMUSDT | −0.0218% | 8h | 320.26 | −0.019% | $1.7M | $4.1M | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 319.59 | −0.228% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 320.04 | −0.086% | $34K | $317K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 320.16 | −0.050% | $8.2M | $49.9M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 320.20 | −0.037% | $1.9M | $2.1M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 320.07 | −0.078% | $1.6M | $6.0M | 20x | as long as short |
| Gate ARM_USDT | 0.0000% | 8h | 320.35 | +0.009% | $1.4M | $4.1M | 50x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 320.68 | +0.111% | $185K | $255K | — | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 320.45 | +0.041% | $1K | $2.2M | 10x | as long as short |
edgeX ARMUSDC
Bitget ARMUSDT
Aster ARMUSDT
Extended ARM-USD
Binance ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Gate ARM_USDT
Variational Omni ARM
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 | 320.40 | +0.025% | $18K | $13K | 20x | as long as short |
| BloFin ARM-USDTshort | +0.0016% | 8h | 320.19 | −0.041% | $121K | $53K | 20x | |
| QFEX ARM-USD | +0.0020% | 1h | 320.21 | −0.034% | $1.1M | $3.3M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 319.72 | −0.187% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 320.30 | −0.006% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 320.16 | −0.050% | $370K | $1.2M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 320.33 | +0.003% | $183K | $429K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0100% | 8h | 320.26 | −0.019% | $2.3M | $191K | 20x | as long as short |
| Coinbase International ARM-PERP-INTXlong | +0.0104% | 1h | 320.32 | long leg | $100K | $280K | 10x | |
| tradeXYZ xyz:ARM | +0.0124% | 1h | 320.09 | −0.072% | $8.1M | $8.6M | 10x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 320.02 | −0.094% | $11K | $51K | 12x | as long as short |
| Phoenix ARM | +0.0224% | 1h | 320.46 | +0.044% | $5K | $414K | 10x | as long as short |
| GRVT ARM_USDT_Perp | +0.0290% | 8h | 320.71 | +0.122% | $1K | $243K | 10x | as long as short |
| Deribit ARM_USDC-PERPETUAL | +0.0844% | 1h | 320.21 | −0.034% | $12K | $56K | 10x | as long as short |
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
Injective ARM/USDC PERP
Phoenix ARM
GRVT ARM_USDT_Perp
Deribit ARM_USDC-PERPETUAL