Funding you earn now, next payment 03:00 UTC+0.0637%/8h= +69.8% APRpaid last 24h +0.083%
Price spread now: KuCoin against QFEX+0.024%7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$237as in the Price arb table
costs, in and out, $10k−$2342.345% of the position
Funding, last 4 days (all we have)+0.184%+$18 on $10k
+Price spread, last 7 days+0.139%+$14 · spread now +0.024%, 7d avg +0.047%
=Funding pays, the price is against you. KuCoin is 0.022% cheaper against QFEX than usual: you would sell low and buy high (spread +0.024% now, against its 7-day average of +0.047%). If the spread goes back, that is −$2 on $10k: about 3 hours of funding at the current rate (+$19 a day). At the pace of the last 4 days (+0.184% in total) that is about 10 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.184% in total (about 19.0% 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 | QFEX ARM-USD | 328.91 | 0.0011 | pay 0.0001% / 1h | 29m 43s | $1.1M | $4.3M | 10x |
| Short | KuCoin ARMUSDTM | 328.99 | 0.0648 | get 0.0648% / 8h | 5h 29m | $2.4M | $119K | 20x |
QFEX ARM-USD
KuCoin ARMUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against QFEX. 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
- $133.81
- Price spread: +0.024% → +0.047%
- −$2.22
- Slippage, 4 orders
- −$212.49
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$102.9
- Costs to cover
- 2.345%
- Break-even
- 12.4 days
Slippage from QFEX: live order book, 4 min ago; KuCoin: live order book, 7 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 QFEX live order book, 4 min ago | 1.22 bp | 7.7 bp −$8 | 11.7 bp −$117 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 7 min ago | 6.99 bp | 130.8 bp −$131 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International ARM-PERP-INTX | −0.0008% | 1h | 328.97 | +0.018% | $101K | $292K | 10x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 328.84 | −0.020% | $7K | $126K | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 328.92 | +0.003% | $2.0M | $2.2M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 329.17 | +0.079% | $1.7M | $6.7M | 20x | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 328.98 | +0.021% | $470 | $187K | 10x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 328.80 | −0.033% | $845 | $2.7M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 328.58 | −0.100% | $18K | $16K | 20x | as long as short |
| QFEX ARM-USDlong | +0.0011% | 1h | 328.91 | long leg | $1.1M | $4.3M | 10x | |
| BloFin ARM-USDT | +0.0023% | 8h | 328.88 | −0.009% | $128K | $48K | 20x | as long as short |
| Variational Omni ARM | +0.0028% | 8h | 328.97 | +0.019% | $214K | $320K | — | as long as short |
Coinbase International ARM-PERP-INTX
Aster ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
GRVT ARM_USDT_Perp
SunX ARM-USDT
HTX ARM-USDT
BloFin ARM-USDT
Variational Omni ARMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ARM | +0.0032% | 1h | 328.77 | −0.043% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 329.08 | +0.052% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 328.95 | +0.012% | $381K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 328.91 | 0.000% | $202K | $406K | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.0091% | 1h | 328.85 | −0.018% | $8.3M | $8.8M | 10x | as long as short |
| Gate ARM_USDT | +0.0114% | 8h | 329.11 | +0.061% | $1.4M | $4.3M | 50x | as long as short |
| Phoenix ARM | +0.0122% | 1h | 328.85 | −0.018% | $5K | $434K | 10x | as long as short |
| Binance ARMUSDT | +0.0132% | 8h | 328.81 | −0.031% | $8.6M | $50.0M | 20x | as long as short |
| Extended ARM-USD | +0.0136% | 1h | 328.83 | −0.024% | $36K | $272K | 10x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 332.09 | +0.967% | $5K | $50K | 12x | as long as short |
| Deribit ARM_USDC-PERPETUAL | +0.0267% | 1h | 329.00 | +0.027% | $12K | $125K | 10x | as long as short |
| Bitget ARMUSDT | +0.0303% | 8h | 328.87 | −0.012% | $1.8M | $3.8M | 20x | as long as short |
| edgeX ARMUSDC | +0.0466% | 4h | 328.90 | −0.003% | $35K | $347K | 10x | as long as short |
| KuCoin ARMUSDTMshort | +0.0648% | 8h | 328.99 | +0.024% | $2.4M | $119K | 20x |
Lighter ARM
Vest ARM-USD-PERP
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
tradeXYZ xyz:ARM
Gate ARM_USDT
Phoenix ARM
Binance ARMUSDT
Extended ARM-USD
Injective ARM/USDC PERP
Deribit ARM_USDC-PERPETUAL
Bitget ARMUSDT
edgeX ARMUSDC