Funding you earn now, next payment 08:00 UTC+0.0352%/8h= +38.6% APRnext payment +$3.52 per $10,000 · paid last 24h +0.056%
Price spread now: Binance against OKX−0.045%7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$490.486% of the position
Funding, last 7 days+0.047%+$5 on $10k
+Price spread, last 2 days (all we have)+0.085%+$9 · spread now −0.045%, 7d avg +0.029%
=Funding pays, the price is against you. Binance is 0.073% cheaper against OKX than usual: you would sell low and buy high (spread −0.045% now, against its 7-day average of +0.029%). If the spread goes back, that is −$7 on $10k: about 17 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.047% in total) that is about 11 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.047% in total (about 2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.52 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 | OKX ARM-USDT-SWAP | 330.09 | 0 | get 0.0000% / 8h | 7h 06m | $1.7M | $6.7M | 20x |
| Short | Binance ARMUSDT | 329.94 | 0.0352 | get 0.0352% / 8h | 7h 06m | $8.9M | $50.4M | 20x |
OKX ARM-USDT-SWAP
Binance ARMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. 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
- $73.99
- Price spread: −0.045% → +0.029%
- −$7.34
- Slippage, 4 orders
- −$28.56
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $18.09
- Costs to cover
- 0.486%
- Break-even
- 5.3 days
Slippage from OKX: live order book, 2 min ago; Binance: live order book, 6 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 OKX live order book, 2 min ago | 3.33 bp | 10.0 bp −$10 | 48.1 bp −$481 | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 1.36 bp | 9.8 bp −$10 | 28.7 bp −$287 | 101.7 bp −$10.2K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ARMUSDT | 0.0000% | 8h | 329.78 | −0.094% | $7K | $126K | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 330.08 | −0.003% | $2.0M | $2.2M | 25x | as long as short |
| OKX ARM-USDT-SWAPlong | 0.0000% | 8h | 330.09 | long leg | $1.7M | $6.7M | 20x | |
| SunX ARM-USDT | 0.0000% | 8h | 329.65 | −0.133% | $1K | $2.9M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 330.51 | +0.127% | $18K | $16K | 20x | as long as short |
| BloFin ARM-USDT | +0.0002% | 8h | 330.08 | −0.003% | $127K | $46K | 20x | as long as short |
| QFEX ARM-USD | +0.0026% | 1h | 329.85 | −0.073% | $1.1M | $4.6M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 329.70 | −0.118% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 330.12 | +0.009% | — | — | 10x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0048% | 1h | 330.10 | +0.003% | $91K | $284K | 10x | as long as short |
Aster ARMUSDT
Bybit ARMUSDT
SunX ARM-USDT
HTX ARM-USDT
BloFin ARM-USDT
QFEX ARM-USD
Lighter ARM
Vest ARM-USD-PERP
Coinbase International ARM-PERP-INTXShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 329.80 | −0.088% | $204K | $524K | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0058% | 1h | 329.86 | −0.070% | $382K | $1.3M | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.0100% | 1h | 329.83 | −0.079% | $8.4M | $8.9M | 10x | as long as short |
| GRVT ARM_USDT_Perp | +0.0161% | 8h | 330.18 | +0.028% | $479 | $188K | 10x | as long as short |
| Phoenix ARM | +0.0197% | 1h | 330.30 | +0.064% | $5K | $460K | 10x | as long as short |
| Variational Omni ARM | +0.0205% | 8h | 330.08 | −0.003% | $214K | $526K | — | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 333.61 | +1.066% | $5K | $50K | 12x | as long as short |
| Gate ARM_USDT | +0.0333% | 8h | 330.33 | +0.073% | $1.5M | $4.1M | 50x | as long as short |
| Extended ARM-USD | +0.0352% | 1h | 329.93 | −0.047% | $38K | $273K | 10x | as long as short |
| Binance ARMUSDTshort | +0.0352% | 8h | 329.94 | −0.045% | $8.9M | $50.4M | 20x | |
| Deribit ARM_USDC-PERPETUAL | +0.0387% | 1h | 329.95 | −0.042% | $12K | $125K | 10x | as long as short |
| edgeX ARMUSDC | +0.0667% | 4h | 330.18 | +0.027% | $35K | $344K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0824% | 8h | 330.40 | +0.094% | $2.4M | $116K | 20x | as long as short |
| Bitget ARMUSDT | +0.0881% | 8h | 330.04 | −0.015% | $1.8M | $3.9M | 20x | as long as short |
Ondo Perps ARM-USD.P
Polymarket Perps ARM-USD
tradeXYZ xyz:ARM
GRVT ARM_USDT_Perp
Phoenix ARM
Variational Omni ARM
Injective ARM/USDC PERP
Gate ARM_USDT
Extended ARM-USD
Deribit ARM_USDC-PERPETUAL
edgeX ARMUSDC
KuCoin ARMUSDTM
Bitget ARMUSDT