Funding you earn now, next payment 04:00 UTC−0.0281%/8h= −30.7% APRnext payment −$0.35 per $10,000 · paid last 24h −0.108%
Price spread now: Ondo Perps against Deribit−0.037%7-day average −0.075% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.081%−$8 on $10k
+Price spread, last 4 days (all we have)+0.142%+$14 · spread now −0.037%, 7d avg −0.075%
=Together, before fees+0.061%+ Points / potential airdropOndo Perps: Active · farm board+$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.038% dearer against Deribit than usual: you sell high and buy low (spread −0.037% now, against its 7-day average of −0.075%): +$4 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 4 days (−0.081% in total) that is about 43 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.081% in total (about -7.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.35 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 | 327.20 | 0.0331 | pay 0.0041% / 1h | 22m 13s | $12K | $92K | 10x |
| Short | Ondo Perps ARM-USD.P | 327.08 | 0.0050 | get 0.0006% / 1h | 22m 13s | $200K | $412K | 10x |
Deribit ARM_USDC-PERPETUAL
Ondo Perps ARM-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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
- −$58.93
- Price spread: −0.037% → −0.075%
- $3.83
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$67.1
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, 36 min ago; Ondo Perps: no order-book sample. Net counts fees only.
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, 36 min ago | 0.15 bp | 11.8 bp −$12 | 13.2 bp −$132 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ARM-USDT | −0.0002% | 8h | 326.90 | −0.092% | $127K | $50K | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 327.18 | −0.005% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 327.14 | −0.018% | $39K | $267K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 327.21 | +0.002% | $8.6M | $50.0M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 327.08 | −0.037% | $2.0M | $2.1M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 327.10 | −0.031% | $1.7M | $6.7M | 20x | as long as short |
| Bitget ARMUSDT | 0.0000% | 8h | 327.21 | +0.003% | $1.8M | $3.9M | 20x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 326.48 | −0.220% | $212K | $304K | — | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 327.24 | +0.012% | $275 | $199K | 10x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 326.84 | −0.110% | $1K | $2.7M | 10x | as long as short |
BloFin ARM-USDT
Aster ARMUSDT
Extended ARM-USD
Binance ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
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 | 326.68 | −0.159% | $18K | $16K | 20x | as long as short |
| QFEX ARM-USD | +0.0025% | 1h | 327.04 | −0.049% | $1.1M | $3.9M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 326.98 | −0.067% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 327.28 | +0.024% | — | — | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.0050% | 1h | 327.15 | −0.015% | $8.2M | $8.8M | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 327.08 | −0.037% | $379K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.Pshort | +0.0050% | 1h | 327.08 | −0.037% | $200K | $412K | 10x | |
| Coinbase International ARM-PERP-INTX | +0.0088% | 1h | 326.96 | −0.073% | $98K | $306K | 10x | as long as short |
| Gate ARM_USDT | +0.0094% | 8h | 327.35 | +0.046% | $1.5M | $4.3M | 50x | as long as short |
| edgeX ARMUSDC | +0.0147% | 4h | 326.51 | −0.210% | $35K | $348K | 10x | as long as short |
| Phoenix ARM | +0.0195% | 1h | 326.80 | −0.122% | $5K | $444K | 10x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 330.69 | +1.067% | $5K | $50K | 12x | as long as short |
| Deribit ARM_USDC-PERPETUALlong | +0.0331% | 1h | 327.20 | long leg | $12K | $92K | 10x | |
| KuCoin ARMUSDTM | +0.0383% | 8h | 327.19 | −0.003% | $2.3M | $118K | 20x | as long as short |
HTX ARM-USDT
QFEX ARM-USD
Lighter ARM
Vest ARM-USD-PERP
tradeXYZ xyz:ARM
Polymarket Perps ARM-USD
Coinbase International ARM-PERP-INTX
Gate ARM_USDT
edgeX ARMUSDC
Phoenix ARM
Injective ARM/USDC PERP
KuCoin ARMUSDTM