Funding you earn now, next payment 08:00 UTC−0.0084%/8h= −9.2% APRnext payment −$0.11 per $10,000 · paid last 24h −0.012%
Price spread now: QFEX against Coinbase International−0.150%7-day average +0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$370.366% of the position
Funding, last 4 days (all we have)−0.079%−$8 on $10k
+Price spread, last 4 days (all we have)+0.542%+$54 · spread now −0.150%, 7d avg +0.022%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and QFEX is 0.173% cheaper against Coinbase International than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.022%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ARM-PERP-INTX | 319.39 | 0.0104 | pay 0.0013% / 1h | 46m 08s | $98K | $280K | 10x |
| Short | QFEX ARM-USD | 318.91 | 0.0020 | get 0.0002% / 1h | 46m 08s | $1.1M | $3.4M | 10x |
Coinbase International ARM-PERP-INTX
QFEX ARM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$17.72
- Price spread: −0.150% → +0.022%
- −$17.27
- Slippage, 4 orders
- −$16.64
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$71.63
- Costs to cover
- 0.366%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 52 min ago; QFEX: live order book, 7 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, 52 min ago | 4.81 bp | 10.8 bp −$11 | 16.7 bp −$167 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 7 min ago | 1.88 bp | 7.3 bp −$7 | 16.6 bp −$166 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT ARM_USDT_Perp | −0.1069% | 8h | 319.30 | −0.029% | $310 | $238K | 10x | as long as short |
| Bitget ARMUSDT | −0.0421% | 8h | 318.87 | −0.163% | $1.7M | $4.0M | 20x | as long as short |
| edgeX ARMUSDC | −0.0391% | 4h | 319.44 | +0.016% | $35K | $359K | 10x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 319.30 | −0.027% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 318.99 | −0.127% | $31K | $316K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 318.98 | −0.128% | $8.1M | $49.9M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 319.08 | −0.097% | $1.9M | $2.1M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 318.79 | −0.188% | $1.6M | $6.5M | 20x | as long as short |
| Gate ARM_USDT | 0.0000% | 8h | 319.10 | −0.091% | $1.4M | $4.0M | 50x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 319.50 | +0.034% | $186K | $251K | — | as long as short |
GRVT ARM_USDT_Perp
Bitget ARMUSDT
edgeX ARMUSDC
Aster ARMUSDT
Extended ARM-USD
Binance ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Gate ARM_USDT
Variational Omni ARMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX ARM-USDT | 0.0000% | 8h | 319.35 | −0.013% | $1K | $2.3M | 10x | as long as short |
| Deribit ARM_USDC-PERPETUAL | 0.0000% | 1h | 318.94 | −0.141% | $12K | $56K | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 319.20 | −0.059% | $18K | $14K | 20x | as long as short |
| QFEX ARM-USDshort | +0.0020% | 1h | 318.91 | −0.150% | $1.1M | $3.4M | 10x | |
| BloFin ARM-USDT | +0.0024% | 8h | 319.22 | −0.053% | $123K | $52K | 20x | as long as short |
| Lighter ARM | +0.0032% | 1h | 318.87 | −0.163% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 319.16 | −0.072% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 318.88 | −0.160% | $369K | $1.2M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 318.90 | −0.153% | $182K | $431K | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.0097% | 1h | 319.09 | −0.094% | $8.2M | $8.6M | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0100% | 8h | 319.15 | −0.075% | $2.3M | $142K | 20x | as long as short |
| Coinbase International ARM-PERP-INTXlong | +0.0104% | 1h | 319.39 | long leg | $98K | $280K | 10x | |
| Injective ARM/USDC PERP | +0.0220% | 1h | 324.70 | +1.663% | $5K | $44K | 12x | as long as short |
| Phoenix ARM | +0.0224% | 1h | 319.26 | −0.041% | $5K | $414K | 10x | as long as short |
SunX ARM-USDT
Deribit ARM_USDC-PERPETUAL
HTX ARM-USDT
BloFin ARM-USDT
Lighter ARM
Vest ARM-USD-PERP
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
tradeXYZ xyz:ARM
KuCoin ARMUSDTM
Injective ARM/USDC PERP
Phoenix ARM