Funding you earn now, next payment 09:00 UTC−0.0193%/8h= −21.1% APRpaid last 24h −0.015%
Price spread now: Bybit against Ondo Perps+0.390%7-day average +0.092% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.112%−$11 on $10k
+Price spread, last 4 days (all we have)−0.170%−$17 · spread now +0.390%, 7d avg +0.092%
=Together, before fees−0.282%+ Points / potential airdropOndo Perps: Active · farm board−$28 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.298% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.390% now, against its 7-day average of +0.092%): +$30 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 5.2 days. At the pace of the last 7 days (−0.112% in total) that is about 19 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.112% in total (about -5.8% a year). A funding rate is set anew for every payment. 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 | Ondo Perps ARM-USD.P | 318.02 | 0.0050 | pay 0.0006% / 1h | 53m 07s | $185K | $429K | 10x |
| Short | Bybit ARMUSDT | 319.26 | −0.0142 | pay 0.0142% / 8h | 7h 53m | $1.9M | $2.1M | 25x |
Ondo Perps ARM-USD.P
Bybit ARMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Ondo Perps. 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
- −$40.45
- Price spread: +0.390% → +0.092%
- $29.76
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$26.68
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: Ondo Perps: no order-book sample; Bybit: live order book, 4 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 4 min ago | 8.11 bp | 17.4 bp −$17 | 81.4 bp −$814 | doesn't fit | doesn't fit |
Ondo Perps: 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT ARM_USDT_Perp | −0.1477% | 8h | 318.89 | +0.274% | $370 | $237K | 10x | as long as short |
| Bitget ARMUSDT | −0.0429% | 8h | 319.13 | +0.349% | $1.7M | $3.9M | 20x | as long as short |
| Bybit ARMUSDTshort | −0.0142% | 8h | 319.26 | +0.390% | $1.9M | $2.1M | 25x | |
| Deribit ARM_USDC-PERPETUAL | −0.0095% | 1h | 319.09 | +0.336% | $12K | $56K | 10x | as long as short |
| BloFin ARM-USDT | −0.0014% | 8h | 318.70 | +0.214% | $123K | $52K | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 319.13 | +0.348% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 319.16 | +0.359% | $31K | $320K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 319.16 | +0.358% | $8.2M | $49.8M | 20x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 319.07 | +0.330% | $1.6M | $6.5M | 20x | as long as short |
| Gate ARM_USDT | 0.0000% | 8h | 319.02 | +0.314% | $1.4M | $4.0M | 50x | as long as short |
GRVT ARM_USDT_Perp
Bitget ARMUSDT
Deribit ARM_USDC-PERPETUAL
BloFin ARM-USDT
Aster ARMUSDT
Extended ARM-USD
Binance ARMUSDT
OKX ARM-USDT-SWAP
Gate ARM_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ARM | 0.0000% | 8h | 320.29 | +0.714% | $187K | $252K | — | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 319.09 | +0.336% | $1K | $2.3M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 319.77 | +0.550% | $18K | $14K | 20x | as long as short |
| QFEX ARM-USD | +0.0020% | 1h | 318.50 | +0.151% | $1.1M | $3.4M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 319.04 | +0.321% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 318.72 | +0.220% | — | — | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.0050% | 1h | 319.62 | +0.503% | $8.2M | $8.6M | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 318.53 | +0.160% | $368K | $1.2M | 10x | as long as short |
| Ondo Perps ARM-USD.Plong | +0.0050% | 1h | 318.02 | long leg | $185K | $429K | 10x | |
| KuCoin ARMUSDTM | +0.0100% | 8h | 319.36 | +0.421% | $2.3M | $132K | 20x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0104% | 1h | 318.25 | +0.072% | $98K | $278K | 10x | as long as short |
| edgeX ARMUSDC | +0.0167% | 4h | 318.20 | +0.057% | $35K | $357K | 10x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 324.70 | +2.100% | $5K | $44K | 12x | as long as short |
| Phoenix ARM | +0.0224% | 1h | 318.74 | +0.226% | $5K | $414K | 10x | as long as short |
Variational Omni ARM
SunX ARM-USDT
HTX ARM-USDT
QFEX ARM-USD
Lighter ARM
Vest ARM-USD-PERP
tradeXYZ xyz:ARM
Polymarket Perps ARM-USD
KuCoin ARMUSDTM
Coinbase International ARM-PERP-INTX
edgeX ARMUSDC
Injective ARM/USDC PERP
Phoenix ARM