ARM

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0187%/8h= −20.5% APRnext payment −$0.23 per $10,000 · paid last 24h −0.096%

Price spread now: Polymarket Perps against Deribit+0.061%48s7-day average −0.026% · 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—prices read too far apart to compare

costs, in and out, $10k−$440.441% of the position

Long on Deribit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.085%−$9 on $10k

Price spread, last 4 days (all we have)+0.262%+$26 · spread now +0.061%, 7d avg −0.026%

Together, before fees+0.177%+$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.087% dearer against Deribit than usual: you sell high and buy low (spread +0.061% now, against its 7-day average of −0.026%): +$9 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 37 hours. At the pace of the last 4 days (−0.085% in total) that is about 3.8 days. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ARM_USDC-PERPETUAL	328.84	0.0237	pay 0.0030% / 1h	31m 23s	$12K	$125K	10x
Short	Polymarket Perps ARM-USD	329.04	0.0050	get 0.0006% / 1h	31m 23s	$381K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee Polymarket PerpsbpOrdersPrice spread, now +0.061%Rate

Funding earned: −$39.23
Price spread: +0.061% → −0.026%: $8.68
Slippage, 4 orders: −$29.05
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$74.6
Costs to cover: 0.441%
Break-even: never at this rate

Slippage from Deribit: live order book, 32 min ago; Polymarket Perps: live order book, 2 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, 32 min ago	4.74 bp	10.4 bp −$10	12.8 bp −$128	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	3.19 bp	7.3 bp −$7	7.5 bp −$75	19.4 bp −$1,938	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
Coinbase International ARM-PERP-INTX	−0.0008%	1h	328.97	+0.040%	$101K	$292K	10x	as long as short
Aster ARMUSDT	0.0000%	8h	328.83	−0.002%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	329.21	+0.113%	$2.0M	$2.2M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	329.17	+0.100%	$1.7M	$6.7M	20x	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	328.98	+0.043%	$470	$187K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	328.82	−0.006%	$845	$2.7M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	328.75	−0.027%	$18K	$16K	20x	as long as short
QFEX ARM-USD	+0.0011%	1h	328.88	+0.012%	$1.1M	$4.3M	10x	as long as short
BloFin ARM-USDT	+0.0025%	8h	329.00	+0.049%	$128K	$48K	20x	as long as short
Lighter ARM	+0.0032%	1h	328.62	−0.067%	—	—	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ARM	+0.0037%	8h	329.02	+0.053%	$214K	$321K	—	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	329.05	+0.064%	—	—	10x	as long as short
Polymarket Perps ARM-USDshort	+0.0050%	1h	329.04	+0.061%	$381K	$1.3M	10x
Ondo Perps ARM-USD.P	+0.0050%	1h	328.91	+0.021%	$202K	$406K	10x	as long as short
tradeXYZ xyz:ARM	+0.0090%	1h	328.94	+0.030%	$8.3M	$8.8M	10x	as long as short
Gate ARM_USDT	+0.0117%	8h	329.20	+0.109%	$1.4M	$4.3M	50x	as long as short
Phoenix ARM	+0.0122%	1h	328.85	+0.003%	$5K	$434K	10x	as long as short
Binance ARMUSDT	+0.0135%	8h	329.05	+0.064%	$8.7M	$50.0M	20x	as long as short
Extended ARM-USD	+0.0136%	1h	328.82	−0.005%	$36K	$272K	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	332.09	+0.988%	$5K	$50K	12x	as long as short
Deribit ARM_USDC-PERPETUALlong	+0.0237%	1h	328.84	long leg	$12K	$125K	10x
Bitget ARMUSDT	+0.0300%	8h	329.01	+0.052%	$1.8M	$3.8M	20x	as long as short
edgeX ARMUSDC	+0.0466%	4h	328.90	+0.018%	$35K	$347K	10x	as long as short
KuCoin ARMUSDTM	+0.0651%	8h	329.05	+0.064%	$2.4M	$119K	20x	as long as short