Funding you earn now, next payment 05:00 UTC−0.0719%/8h= −78.8% APRnext payment −$0.90 per $10,000 · paid last 24h −0.062%
Price spread now: tradeXYZ against Deribit+0.127%7-day average −0.023% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.071%−$7 on $10k
+Price spread, last 4 days (all we have)+0.034%+$3 · spread now +0.127%, 7d avg −0.023%
=Together, before fees−0.037%+ Points / potential airdroptradeXYZ: Active · farm board−$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.150% dearer against Deribit than usual: you sell high and buy low (spread +0.127% now, against its 7-day average of −0.023%): +$15 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 4 days (−0.071% in total) that is about 8.2 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.071% in total (about -6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.90 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 | 322.15 | 0.0838 | pay 0.0105% / 1h | 16m 46s | $12K | $59K | 10x |
| Short | tradeXYZ xyz:ARM | 322.56 | 0.0118 | get 0.0015% / 1h | 16m 46s | $8.1M | $8.7M | 10x |
Deribit ARM_USDC-PERPETUAL
tradeXYZ xyz:ARMFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$151.06
- Price spread: +0.127% → −0.023%
- $15.03
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$161.03
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; tradeXYZ: live order book, 12 min ago. 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 no order-book sample | — | — | — | — | — |
| Sell tradeXYZ live order book, 12 min ago | 0.93 bp | 11.2 bp −$11 | 18.4 bp −$184 | doesn't fit | doesn't fit |
Deribit: 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX ARMUSDC | −0.0361% | 4h | 322.47 | +0.098% | $34K | $350K | 10x | as long as short |
| Bitget ARMUSDT | −0.0272% | 8h | 322.80 | +0.202% | $1.8M | $3.9M | 20x | as long as short |
| BloFin ARM-USDT | −0.0022% | 8h | 321.53 | −0.192% | $123K | $50K | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 322.34 | +0.059% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 322.12 | −0.009% | $37K | $272K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 322.65 | +0.154% | $8.3M | $50.7M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 322.78 | +0.196% | $1.9M | $2.2M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 322.58 | +0.133% | $1.6M | $6.7M | 20x | as long as short |
| Gate ARM_USDT | 0.0000% | 8h | 322.48 | +0.102% | $1.4M | $4.4M | 50x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 322.57 | +0.131% | $208K | $289K | — | as long as short |
edgeX ARMUSDC
Bitget ARMUSDT
BloFin ARM-USDT
Aster ARMUSDT
Extended ARM-USD
Binance ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Gate ARM_USDT
Variational Omni ARMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 322.62 | +0.146% | $868 | $214K | 10x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 321.74 | −0.127% | $869 | $2.6M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 321.59 | −0.174% | $18K | $17K | 20x | as long as short |
| QFEX ARM-USD | +0.0014% | 1h | 322.07 | −0.025% | $1.1M | $3.7M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 322.43 | +0.087% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 322.10 | −0.016% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 321.98 | −0.053% | $373K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 322.22 | +0.022% | $186K | $416K | 10x | as long as short |
| tradeXYZ xyz:ARMshort | +0.0118% | 1h | 322.56 | +0.127% | $8.1M | $8.7M | 10x | |
| Phoenix ARM | +0.0123% | 1h | 321.76 | −0.121% | $5K | $446K | 10x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0128% | 1h | 322.33 | +0.056% | $100K | $314K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0137% | 8h | 322.42 | +0.084% | $2.3M | $119K | 20x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 324.93 | +0.863% | $5K | $50K | 12x | as long as short |
| Deribit ARM_USDC-PERPETUALlong | +0.0838% | 1h | 322.15 | long leg | $12K | $59K | 10x |
GRVT ARM_USDT_Perp
SunX ARM-USDT
HTX ARM-USDT
QFEX ARM-USD
Lighter ARM
Vest ARM-USD-PERP
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
Phoenix ARM
Coinbase International ARM-PERP-INTX
KuCoin ARMUSDTM
Injective ARM/USDC PERP