Funding you earn now, next payment 00:00 UTC−0.0053%/8h= −5.8% APRnext payment −$0.53 per $10,000 · paid last 24h −0.034%
Price spread now: Bybit against Gate−0.025%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$590.595% of the position
Funding, last 7 days−0.016%−$2 on $10k
+Price spread, last 7 days+0.064%+$6 · spread now −0.025%, 7d avg +0.006%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.031% cheaper against Gate than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.006%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ARM_USDT | 325.08 | 0.0053 | pay 0.0053% / 8h | 57m 04s | $1.5M | $4.1M | 50x |
| Short | Bybit ARMUSDT | 325.00 | 0 | get 0.0000% / 8h | 57m 04s | $2.0M | $2.6M | 25x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Gate. 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
- −$11.13
- Price spread: −0.025% → +0.006%
- −$3.09
- Slippage, 4 orders
- −$33.46
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$73.68
- Costs to cover
- 0.595%
- Break-even
- never at this rate
Slippage from Gate: live order book, 6 min ago; Bybit: live order book, 5 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 Gate live order book, 6 min ago | 2.31 bp | 16.8 bp −$17 | 42.1 bp −$421 | 58.3 bp −$5,831 | doesn't fit |
| Sell Bybit live order book, 5 min ago | 2.46 bp | 11.8 bp −$12 | 123.6 bp −$1,236 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ARM-USD | −0.0057% | 1h | 324.80 | −0.086% | $464K | $1.7M | 10x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 324.79 | −0.089% | $7K | $126K | 20x | as long as short |
| Bybit ARMUSDTshort | 0.0000% | 8h | 325.00 | −0.025% | $2.0M | $2.6M | 25x | |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 324.95 | −0.040% | $1.7M | $6.8M | 20x | as long as short |
| Bitget ARMUSDT | 0.0000% | 8h | 324.95 | −0.040% | $1.8M | $4.3M | 20x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 324.57 | −0.157% | $1K | $3.2M | 10x | as long as short |
| Deribit ARM_USDC-PERPETUAL | 0.0000% | 1h | 324.89 | −0.058% | $12K | $145K | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 324.72 | −0.111% | $18K | $16K | 20x | as long as short |
| BloFin ARM-USDT | +0.0003% | 8h | 324.79 | −0.089% | $123K | $44K | 20x | as long as short |
| tradeXYZ xyz:ARM | +0.0005% | 1h | 324.93 | −0.046% | $8.0M | $9.9M | 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 | +0.0012% | 8h | 325.07 | −0.004% | $213K | $523K | — | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0016% | 1h | 324.83 | −0.077% | $88K | $290K | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 324.96 | −0.037% | — | — | 10x | as long as short |
| QFEX ARM-USD | +0.0033% | 1h | 324.84 | −0.074% | $1.1M | $4.7M | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 325.09 | +0.003% | — | — | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 324.88 | −0.062% | $211K | $557K | 10x | as long as short |
| Gate ARM_USDTlong | +0.0053% | 8h | 325.08 | long leg | $1.5M | $4.1M | 50x | |
| Binance ARMUSDT | +0.0128% | 8h | 324.95 | −0.040% | $8.6M | $51.1M | 20x | as long as short |
| Extended ARM-USD | +0.0128% | 1h | 324.81 | −0.083% | $39K | $188K | 10x | as long as short |
| Phoenix ARM | +0.0198% | 1h | 325.02 | −0.018% | $5K | $460K | 10x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 328.17 | +0.951% | $5K | $52K | 12x | as long as short |
| GRVT ARM_USDT_Perp | +0.0234% | 8h | 325.06 | −0.006% | $845 | $207K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0444% | 8h | 325.25 | +0.052% | $2.3M | $119K | 20x | as long as short |
| edgeX ARMUSDC | +0.0669% | 4h | 324.85 | −0.071% | $35K | $348K | 10x | as long as short |
Gate ARM_USDT
Bybit ARMUSDT
Polymarket Perps ARM-USD
Aster ARMUSDT
OKX ARM-USDT-SWAP
Bitget ARMUSDT
SunX ARM-USDT
Deribit ARM_USDC-PERPETUAL
HTX ARM-USDT
BloFin ARM-USDT
tradeXYZ xyz:ARM
Variational Omni ARM
Coinbase International ARM-PERP-INTX
Lighter ARM
Binance ARMUSDT
Extended ARM-USD
Phoenix ARM
Injective ARM/USDC PERP
GRVT ARM_USDT_Perp
KuCoin ARMUSDTM
edgeX ARMUSDC