ARM

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0731%/8h= +80.1% APRnext payment +$0.91 per $10,000 · paid last 24h +0.096%

Price spread now: Deribit against Coinbase International+0.073%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$470.474% of the position

Long on Coinbase International Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.116%+$12 on $10k

Price spread, last 4 days (all we have)−0.011%−$1 · spread now +0.073%, 7d avg +0.036%

Together, before fees+0.105%+$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Deribit is 0.038% dearer against Coinbase International than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.036%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.116% in total (about 11.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.91 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	Coinbase International ARM-PERP-INTX	327.37	0.0088	pay 0.0011% / 1h	44m 13s	$98K	$301K	10x
Short	Deribit ARM_USDC-PERPETUAL	327.61	0.0819	get 0.0102% / 1h	44m 13s	$12K	$125K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee DeribitbpOrdersPrice spread, now +0.073%Rate

Funding earned: $153.61
Price spread: +0.073% → +0.036%: $3.77
Slippage, 4 orders: −$30.43
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $109.95
Costs to cover: 0.474%
Break-even: 2.0 days

Slippage from Coinbase International: live order book, 14 min ago; Deribit: live order book, 14 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, 14 min ago	4.72 bp	10.0 bp −$10	18.3 bp −$183	doesn't fit	doesn't fit
Sell Deribit live order book, 14 min ago	0.15 bp	14.4 bp −$14	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	−0.0355%	4h	327.31	−0.019%	$35K	$348K	10x	as long as short
BloFin ARM-USDT	−0.0029%	8h	327.38	+0.003%	$128K	$49K	20x	as long as short
Aster ARMUSDT	0.0000%	8h	327.40	+0.008%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	327.72	+0.107%	$2.0M	$2.1M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	327.45	+0.024%	$1.7M	$6.7M	20x	as long as short
Variational Omni ARM	0.0000%	8h	327.56	+0.059%	$212K	$309K	—	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	327.32	−0.014%	$736	$194K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	327.42	+0.015%	$1K	$2.7M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	326.94	−0.131%	$18K	$16K	20x	as long as short
QFEX ARM-USD	+0.0025%	1h	327.49	+0.037%	$1.1M	$4.0M	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter ARM	+0.0032%	1h	327.64	+0.082%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	327.73	+0.110%	—	—	10x	as long as short
Extended ARM-USD	+0.0048%	1h	327.48	+0.035%	$39K	$271K	10x	as long as short
tradeXYZ xyz:ARM	+0.0050%	1h	327.75	+0.116%	$8.3M	$8.8M	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	327.76	+0.119%	$380K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	327.38	+0.003%	$202K	$397K	10x	as long as short
Binance ARMUSDT	+0.0051%	8h	327.87	+0.153%	$8.7M	$50.0M	20x	as long as short
Coinbase International ARM-PERP-INTXlong	+0.0088%	1h	327.37	long leg	$98K	$301K	10x
Gate ARM_USDT	+0.0119%	8h	327.75	+0.116%	$1.5M	$4.3M	50x	as long as short
Bitget ARMUSDT	+0.0146%	8h	327.70	+0.101%	$1.8M	$3.9M	20x	as long as short
Phoenix ARM	+0.0195%	1h	327.67	+0.092%	$5K	$444K	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	332.08	+1.439%	$5K	$50K	12x	as long as short
KuCoin ARMUSDTM	+0.0482%	8h	327.62	+0.076%	$2.3M	$119K	20x	as long as short
Deribit ARM_USDC-PERPETUALshort	+0.0819%	1h	327.61	+0.073%	$12K	$125K	10x