Funding you earn now, next payment 08:00 UTC−0.0390%/8h= −42.7% APRnext payment −$3.90 per $10,000 · paid last 24h −0.038%
Price spread now: Binance against KuCoin−0.037%7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$294as in the Funding arb table
Net, price: spread back to 7d avg − costs−$279as in the Price arb table
costs, in and out, $10k−$2732.734% of the position
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 2 days (all we have)+0.110%+$11 · spread now −0.037%, 7d avg +0.021%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Binance is 0.058% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.021%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.210% in total (about -11.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.90 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 | KuCoin ARMUSDTM | 327.09 | 0.0749 | pay 0.0749% / 8h | 7h 53m | $2.3M | $117K | 20x |
| Short | Binance ARMUSDT | 326.97 | 0.0359 | get 0.0359% / 8h | 7h 53m | $8.7M | $50.3M | 20x |
KuCoin ARMUSDTM
Binance ARMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against KuCoin. 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
- −$81.85
- Price spread: −0.037% → +0.021%
- −$5.76
- Slippage, 4 orders
- −$251.44
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$361.05
- Costs to cover
- 2.734%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 min ago; Binance: live order book, 4 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 KuCoin live order book, 3 min ago | 5.95 bp | 84.0 bp −$84 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 0.92 bp | 10.1 bp −$10 | 36.5 bp −$365 | 162.4 bp −$16.2K | 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 | −0.0267% | 4h | 326.99 | −0.031% | $35K | $351K | 10x | as long as short |
| BloFin ARM-USDT | −0.0028% | 8h | 327.10 | +0.003% | $124K | $44K | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 327.25 | +0.050% | $7K | $126K | 20x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 326.98 | −0.034% | $1.7M | $6.6M | 20x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 327.08 | −0.003% | $1K | $3.1M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 326.52 | −0.174% | $18K | $17K | 20x | as long as short |
| Bybit ARMUSDT | +0.0017% | 8h | 327.07 | −0.006% | $2.0M | $2.1M | 25x | as long as short |
| QFEX ARM-USD | +0.0026% | 1h | 327.02 | −0.021% | $1.1M | $4.7M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 327.24 | +0.046% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 327.14 | +0.015% | — | — | 10x | as long as short |
edgeX ARMUSDC
BloFin ARM-USDT
Aster ARMUSDT
OKX ARM-USDT-SWAP
SunX ARM-USDT
HTX ARM-USDT
Bybit ARMUSDT
QFEX ARM-USD
Lighter ARM
Vest ARM-USD-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International ARM-PERP-INTX | +0.0048% | 1h | 325.94 | −0.352% | $89K | $286K | 10x | as long as short |
| Bitget ARMUSDT | +0.0057% | 8h | 327.07 | −0.006% | $1.8M | $3.9M | 20x | as long as short |
| Phoenix ARM | +0.0197% | 1h | 326.93 | −0.049% | $5K | $460K | 10x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 329.18 | +0.639% | $5K | $50K | 12x | as long as short |
| Variational Omni ARM | +0.0238% | 8h | 327.53 | +0.135% | $210K | $527K | — | as long as short |
| GRVT ARM_USDT_Perp | +0.0282% | 8h | 326.66 | −0.131% | $830 | $196K | 10x | as long as short |
| Deribit ARM_USDC-PERPETUAL | +0.0331% | 1h | 327.02 | −0.021% | $12K | $125K | 10x | as long as short |
| Gate ARM_USDT | +0.0351% | 8h | 327.33 | +0.073% | $1.5M | $4.0M | 50x | as long as short |
| Binance ARMUSDTshort | +0.0359% | 8h | 326.97 | −0.037% | $8.7M | $50.3M | 20x | |
| Extended ARM-USD | +0.0360% | 1h | 326.97 | −0.038% | $36K | $193K | 10x | as long as short |
| KuCoin ARMUSDTMlong | +0.0749% | 8h | 327.09 | long leg | $2.3M | $117K | 20x | |
| Ondo Perps ARM-USD.P | +0.1094% | 1h | 326.97 | −0.037% | $208K | $532K | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.1688% | 1h | 326.99 | −0.031% | $384K | $1.3M | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.1794% | 1h | 326.84 | −0.076% | $8.1M | $8.4M | 10x | as long as short |
Coinbase International ARM-PERP-INTX
Bitget ARMUSDT
Phoenix ARM
Injective ARM/USDC PERP
Variational Omni ARM
GRVT ARM_USDT_Perp
Deribit ARM_USDC-PERPETUAL
Gate ARM_USDT
Extended ARM-USD
Ondo Perps ARM-USD.P
Polymarket Perps ARM-USD
tradeXYZ xyz:ARM