Funding you earn now, next payment 00:00 UTC−0.0923%/8h= −101.1% APRnext payment −$1.15 per $10,000 · paid last 24h −0.065%
Price spread now: Coinbase International against Deribit−0.631%7-day average −0.041% · 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−$106as in the Price arb table
costs, in and out, $10k−$470.467% of the position
Funding, last 4 days (all we have)−0.077%−$8 on $10k
+Price spread, last 3 days (all we have)+0.600%+$60 · spread now −0.631%, 7d avg −0.041%
=Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and Coinbase International is 0.590% cheaper against Deribit than usual: you would sell low and buy high (−$59 if the spread goes back to its 7-day average of −0.041%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.077% in total (about -7.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.15 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 | Deribit ARM_USDC-PERPETUAL | 328.01 | 0.0971 | pay 0.0121% / 1h | 56m 06s | $12K | $125K | 10x |
| Short | Coinbase International ARM-PERP-INTX | 325.94 | 0.0048 | get 0.0006% / 1h | 56m 06s | $89K | $286K | 10x |
Deribit ARM_USDC-PERPETUAL
Coinbase International ARM-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$193.82
- Price spread: −0.631% → −0.041%
- −$58.96
- Slippage, 4 orders
- −$29.68
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$299.46
- Costs to cover
- 0.467%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 17 min ago; Coinbase International: live order book, 17 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, 17 min ago | 0.15 bp | 14.1 bp −$14 | 19.3 bp −$193 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 17 min ago | 3.38 bp | 9.5 bp −$9 | 17.3 bp −$173 | 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 | −0.1000% | 4h | 325.49 | −0.767% | $35K | $350K | 10x | as long as short |
| BloFin ARM-USDT | −0.0015% | 8h | 326.55 | −0.445% | $125K | $45K | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 328.11 | +0.031% | $7K | $126K | 20x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 327.28 | −0.223% | $1.7M | $6.6M | 20x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 327.22 | −0.241% | $1K | $3.1M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 326.52 | −0.454% | $18K | $17K | 20x | as long as short |
| Bitget ARMUSDT | +0.0006% | 8h | 327.65 | −0.110% | $1.8M | $4.0M | 20x | as long as short |
| QFEX ARM-USD | +0.0026% | 1h | 327.40 | −0.186% | $1.1M | $4.7M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 327.57 | −0.134% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 327.48 | −0.162% | — | — | 10x | as long as short |
edgeX ARMUSDC
BloFin ARM-USDT
Aster ARMUSDT
OKX ARM-USDT-SWAP
SunX ARM-USDT
HTX ARM-USDT
Bitget ARMUSDT
QFEX ARM-USD
Lighter ARM
Vest ARM-USD-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International ARM-PERP-INTXshort | +0.0048% | 1h | 325.94 | −0.631% | $89K | $286K | 10x | |
| Gate ARM_USDT | +0.0201% | 8h | 327.84 | −0.052% | $1.5M | $4.0M | 50x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 329.18 | +0.357% | $5K | $50K | 12x | as long as short |
| Variational Omni ARM | +0.0238% | 8h | 327.53 | −0.146% | $210K | $527K | — | as long as short |
| Phoenix ARM | +0.0271% | 1h | 325.89 | −0.646% | $5K | $460K | 10x | as long as short |
| Binance ARMUSDT | +0.0357% | 8h | 327.40 | −0.187% | $8.7M | $50.4M | 20x | as long as short |
| Extended ARM-USD | +0.0360% | 1h | 327.70 | −0.095% | $39K | $188K | 10x | as long as short |
| GRVT ARM_USDT_Perp | +0.0384% | 8h | 325.77 | −0.684% | $577 | $199K | 10x | as long as short |
| Bybit ARMUSDT | +0.0577% | 8h | 327.64 | −0.113% | $2.0M | $2.2M | 25x | as long as short |
| KuCoin ARMUSDTM | +0.0740% | 8h | 327.45 | −0.171% | $2.3M | $119K | 20x | as long as short |
| Ondo Perps ARM-USD.P | +0.0944% | 1h | 326.63 | −0.421% | $208K | $539K | 10x | as long as short |
| Deribit ARM_USDC-PERPETUALlong | +0.0971% | 1h | 328.01 | long leg | $12K | $125K | 10x | |
| Polymarket Perps ARM-USD | +0.1772% | 1h | 326.32 | −0.515% | $383K | $1.7M | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.2119% | 1h | 326.53 | −0.451% | $8.0M | $9.7M | 10x | as long as short |
Gate ARM_USDT
Injective ARM/USDC PERP
Variational Omni ARM
Phoenix ARM
Binance ARMUSDT
Extended ARM-USD
GRVT ARM_USDT_Perp
Bybit ARMUSDT
KuCoin ARMUSDTM
Ondo Perps ARM-USD.P
Polymarket Perps ARM-USD
tradeXYZ xyz:ARM