Funding you earn now, next payment 23:00 UTC−0.0636%/8h= −69.7% APRpaid last 24h −0.067%
Price spread now: BloFin against Deribit−0.139%57s7-day average −0.029% · 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—prices read too far apart to compare
costs, in and out, $10k−$570.568% of the position
Funding, last 4 days (all we have)−0.113%−$11 on $10k
+Price spread, last 3 days (all we have)+0.128%+$13 · spread now −0.139%, 7d avg −0.029%
=Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and BloFin is 0.109% cheaper against Deribit than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.029%). Swap the legs. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.113% in total (about -11.4% a year). A funding rate is set anew for every payment. 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 | Deribit ARM_USDC-PERPETUAL | 324.60 | 0.0644 | pay 0.0081% / 1h | 20m 19s | $12K | $145K | 10x |
| Short | BloFin ARM-USDT | 324.15 | 0.0008 | get 0.0008% / 8h | 1h 20m | $123K | $44K | 20x |
Deribit ARM_USDC-PERPETUAL
BloFin ARM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Deribit. 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
- −$133.63
- Price spread: −0.139% → −0.029%
- −$10.94
- Slippage, 4 orders
- −$37.77
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$201.35
- Costs to cover
- 0.568%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 63 min ago; BloFin: live order book, 52 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 Deribit live order book, 63 min ago | 0.16 bp | 15.0 bp −$15 | 17.1 bp −$171 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 52 min ago | 0.31 bp | 17.2 bp −$17 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ARMUSDT | 0.0000% | 8h | 324.18 | −0.128% | $7K | $126K | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 324.45 | −0.046% | $2.0M | $2.6M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 324.42 | −0.055% | $1.7M | $6.8M | 20x | as long as short |
| Bitget ARMUSDT | 0.0000% | 8h | 324.61 | +0.003% | $1.7M | $4.2M | 20x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 324.51 | −0.026% | $277K | $459K | — | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 323.76 | −0.259% | $971 | $3.2M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 324.35 | −0.077% | $18K | $16K | 20x | as long as short |
| BloFin ARM-USDTshort | +0.0008% | 8h | 324.15 | −0.139% | $123K | $44K | 20x | |
| Lighter ARM | +0.0032% | 1h | 324.28 | −0.099% | — | — | 10x | as long as short |
| QFEX ARM-USD | +0.0043% | 1h | 324.55 | −0.015% | $1.1M | $4.7M | 10x | as long as short |
Aster ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Bitget ARMUSDT
Variational Omni ARM
SunX ARM-USDT
HTX ARM-USDT
Lighter ARM
QFEX ARM-USDShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest ARM-USD-PERP | +0.0046% | 1h | 324.44 | −0.049% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 324.24 | −0.111% | $366K | $1.5M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 323.96 | −0.197% | $215K | $554K | 10x | as long as short |
| Gate ARM_USDT | +0.0065% | 8h | 324.65 | +0.015% | $1.5M | $4.1M | 50x | as long as short |
| Extended ARM-USD | +0.0088% | 1h | 324.52 | −0.026% | $39K | $188K | 10x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0088% | 1h | 323.28 | −0.407% | $83K | $289K | 10x | as long as short |
| Binance ARMUSDT | +0.0091% | 8h | 324.58 | −0.006% | $8.6M | $51.2M | 20x | as long as short |
| Phoenix ARM | +0.0198% | 1h | 324.36 | −0.074% | $5K | $460K | 10x | as long as short |
| GRVT ARM_USDT_Perp | +0.0202% | 8h | 324.50 | −0.031% | $383 | $211K | 10x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 326.88 | +0.702% | $5K | $52K | 12x | as long as short |
| tradeXYZ xyz:ARM | +0.0253% | 1h | 324.56 | −0.012% | $7.9M | $10.0M | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0370% | 8h | 324.64 | +0.012% | $2.3M | $118K | 20x | as long as short |
| Deribit ARM_USDC-PERPETUALlong | +0.0644% | 1h | 324.60 | long leg | $12K | $145K | 10x | |
| edgeX ARMUSDC | +0.0955% | 4h | 324.55 | −0.016% | $35K | $348K | 10x | as long as short |
Vest ARM-USD-PERP
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
Gate ARM_USDT
Extended ARM-USD
Coinbase International ARM-PERP-INTX
Binance ARMUSDT
Phoenix ARM
GRVT ARM_USDT_Perp
Injective ARM/USDC PERP
tradeXYZ xyz:ARM
KuCoin ARMUSDTM
edgeX ARMUSDC