Funding you earn now, next payment 04:00 UTC−0.0771%/8h= −84.5% APRnext payment −$0.96 per $10,000 · paid last 24h −0.088%
Price spread now: Extended against Deribit+0.093%7-day average −0.019% · 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−$43as in the Price arb table
costs, in and out, $10k−$540.544% of the position
Funding, last 4 days (all we have)−0.151%−$15 on $10k
+Price spread, last 4 days (all we have)+0.051%+$5 · spread now +0.093%, 7d avg −0.019%
=Together, before fees−0.101%+ Points / potential airdropExtended: Active · farm board−$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.112% dearer against Deribit than usual: you sell high and buy low (spread +0.093% now, against its 7-day average of −0.019%): +$11 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 4 days (−0.151% in total) that is about 2.8 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.151% in total (about -14.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.96 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 | 327.61 | 0.0819 | pay 0.0102% / 1h | 43m 35s | $12K | $125K | 10x |
| Short | Extended ARM-USD | 327.91 | 0.0048 | get 0.0006% / 1h | 43m 35s | $39K | $271K | 10x |
Deribit ARM_USDC-PERPETUAL
Extended ARM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$162.01
- Price spread: +0.093% → −0.019%
- $11.2
- Slippage, 4 orders
- −$42.39
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$205.21
- Costs to cover
- 0.544%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 15 min ago; Extended: 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 Deribit live order book, 15 min ago | 0.15 bp | 11.8 bp −$12 | 13.2 bp −$132 | doesn't fit | doesn't fit |
| Sell Extended live order book, 14 min ago | 2.44 bp | 13.9 bp −$14 | 122.6 bp −$1,226 | 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 | −0.093% | $35K | $348K | 10x | as long as short |
| BloFin ARM-USDT | −0.0029% | 8h | 327.38 | −0.070% | $128K | $49K | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 327.78 | +0.050% | $7K | $126K | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 327.95 | +0.104% | $2.0M | $2.1M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 328.00 | +0.119% | $1.7M | $6.7M | 20x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 327.56 | −0.014% | $212K | $309K | — | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 327.32 | −0.087% | $736 | $194K | 10x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 327.42 | −0.058% | $1K | $2.7M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 326.94 | −0.205% | $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 |
edgeX ARMUSDC
BloFin ARM-USDT
Aster ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Variational Omni ARM
GRVT ARM_USDT_Perp
SunX ARM-USDT
HTX ARM-USDT
QFEX ARM-USDShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ARM | +0.0032% | 1h | 327.77 | +0.049% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 327.73 | +0.037% | — | — | 10x | as long as short |
| Extended ARM-USDshort | +0.0048% | 1h | 327.91 | +0.093% | $39K | $271K | 10x | |
| Binance ARMUSDT | +0.0049% | 8h | 328.00 | +0.119% | $8.7M | $50.0M | 20x | as long as short |
| tradeXYZ xyz:ARM | +0.0050% | 1h | 327.80 | +0.058% | $8.3M | $8.8M | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 327.76 | +0.046% | $380K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 327.38 | −0.070% | $202K | $397K | 10x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0088% | 1h | 327.37 | −0.073% | $98K | $301K | 10x | as long as short |
| Gate ARM_USDT | +0.0127% | 8h | 328.19 | +0.177% | $1.5M | $4.3M | 50x | as long as short |
| Bitget ARMUSDT | +0.0136% | 8h | 328.26 | +0.198% | $1.8M | $3.9M | 20x | as long as short |
| Phoenix ARM | +0.0195% | 1h | 327.67 | +0.018% | $5K | $444K | 10x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 332.08 | +1.364% | $5K | $50K | 12x | as long as short |
| KuCoin ARMUSDTM | +0.0482% | 8h | 327.92 | +0.095% | $2.3M | $119K | 20x | as long as short |
| Deribit ARM_USDC-PERPETUALlong | +0.0819% | 1h | 327.61 | long leg | $12K | $125K | 10x |
Lighter ARM
Vest ARM-USD-PERP
Binance ARMUSDT
tradeXYZ xyz:ARM
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
Coinbase International ARM-PERP-INTX
Gate ARM_USDT
Bitget ARMUSDT
Phoenix ARM
Injective ARM/USDC PERP
KuCoin ARMUSDTM