Funding you earn now, next payment 22:00 UTC−0.0649%/8h= −71.0% APRpaid last 24h −0.067%
Price spread now: Bybit against Deribit−0.062%7-day average +0.005% · 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−$74as in the Price arb table
costs, in and out, $10k−$670.669% of the position
Funding, last 4 days (all we have)−0.105%−$10 on $10k
+Price spread, last 3 days (all we have)+0.178%+$18 · spread now −0.062%, 7d avg +0.005%
=Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Bybit is 0.067% cheaper against Deribit than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.005%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.105% in total (about -10.7% 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 | 323.05 | 0.0649 | pay 0.0081% / 1h | 29m 08s | $12K | $144K | 10x |
| Short | Bybit ARMUSDT | 322.85 | 0 | get 0.0000% / 8h | 2h 29m | $2.0M | $2.6M | 25x |
Deribit ARM_USDC-PERPETUAL
Bybit ARMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$136.19
- Price spread: −0.062% → +0.005%
- −$6.66
- Slippage, 4 orders
- −$48.91
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$209.76
- Costs to cover
- 0.669%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 59 min ago; Bybit: live order book, 3 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, 59 min ago | 0.16 bp | 17.3 bp −$17 | 19.4 bp −$194 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.94 bp | 17.1 bp −$17 | 136.7 bp −$1,367 | 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 | 322.54 | −0.159% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 322.97 | −0.024% | $39K | $188K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 322.97 | −0.025% | $8.5M | $51.0M | 20x | as long as short |
| Bybit ARMUSDTshort | 0.0000% | 8h | 322.85 | −0.062% | $2.0M | $2.6M | 25x | |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 322.84 | −0.065% | $1.6M | $6.7M | 20x | as long as short |
| Gate ARM_USDT | 0.0000% | 8h | 323.11 | +0.019% | $1.5M | $4.0M | 50x | as long as short |
| Bitget ARMUSDT | 0.0000% | 8h | 322.93 | −0.037% | $1.7M | $4.2M | 20x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 322.89 | −0.049% | $276K | $460K | — | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 322.89 | −0.049% | $342 | $215K | 10x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 322.74 | −0.096% | $991 | $3.2M | 10x | as long as short |
Aster ARMUSDT
Extended ARM-USD
Binance ARMUSDT
OKX ARM-USDT-SWAP
Gate ARM_USDT
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 | 323.35 | +0.093% | $18K | $16K | 20x | as long as short |
| BloFin ARM-USDT | +0.0006% | 8h | 322.82 | −0.071% | $122K | $43K | 20x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0024% | 1h | 322.84 | −0.065% | $91K | $278K | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 322.65 | −0.124% | — | — | 10x | as long as short |
| QFEX ARM-USD | +0.0035% | 1h | 323.00 | −0.015% | $1.1M | $4.6M | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 322.94 | −0.034% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 322.90 | −0.046% | $377K | $1.4M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 322.86 | −0.059% | $210K | $549K | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.0065% | 1h | 322.75 | −0.093% | $7.6M | $9.8M | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0100% | 8h | 323.24 | +0.059% | $2.3M | $117K | 20x | as long as short |
| Phoenix ARM | +0.0149% | 1h | 322.76 | −0.090% | $5K | $460K | 10x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 325.90 | +0.882% | $5K | $52K | 12x | as long as short |
| edgeX ARMUSDC | +0.0421% | 4h | 322.99 | −0.018% | $34K | $348K | 10x | as long as short |
| Deribit ARM_USDC-PERPETUALlong | +0.0649% | 1h | 323.05 | long leg | $12K | $144K | 10x |
HTX ARM-USDT
BloFin ARM-USDT
Coinbase International ARM-PERP-INTX
Lighter ARM
QFEX ARM-USD
Vest ARM-USD-PERP
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
tradeXYZ xyz:ARM
KuCoin ARMUSDTM
Phoenix ARM
Injective ARM/USDC PERP
edgeX ARMUSDC