ARM

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0022%/8h= +2.4% APRnext payment +$0.22 per $10,000 · paid last 24h +0.004%

Price spread now: Bybit against BloFin−0.115%62s7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$750.748% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$2 on $10k

Price spread, last 4 days (all we have)+0.199%+$20 · spread now −0.115%, 7d avg +0.034%

Together, before fees+0.215%+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.149% cheaper against BloFin than usual: you would sell low and buy high (spread −0.115% now, against its 7-day average of +0.034%). If the spread goes back, that is −$15 on $10k: about 23 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.015% in total) that is about 2 months. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ARM-USDT	322.43	−0.0022	get 0.0022% / 8h	5h 46m	$125K	$56K	20x
Short	Bybit ARMUSDT	322.06	0	get 0.0000% / 8h	5h 46m	$1.9M	$2.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee BybitbpOrdersPrice spread, now −0.115%Rate

Funding earned: $4.56
Price spread: −0.115% → +0.034%: −$14.87
Slippage, 4 orders: −$51.81
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$85.13
Costs to cover: 0.748%
Break-even: 137.8 days

Slippage from BloFin: live order book, 57 min ago; Bybit: 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 BloFin live order book, 57 min ago	0.47 bp	16.2 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	4.49 bp	22.2 bp −$22	138.5 bp −$1,385	doesn't fit	doesn't fit

ARM on 24 exchanges

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	−0.0644%	4h	323.00	+0.176%	$35K	$362K	10x	as long as short
Deribit ARM_USDC-PERPETUAL	−0.0060%	1h	321.95	−0.149%	$12K	$55K	10x	as long as short
BloFin ARM-USDTlong	−0.0022%	8h	322.43	long leg	$125K	$56K	20x
Aster ARMUSDT	0.0000%	8h	322.20	−0.071%	$7K	$126K	20x	as long as short
Bybit ARMUSDTshort	0.0000%	8h	322.06	−0.115%	$1.9M	$2.1M	25x
OKX ARM-USDT-SWAP	0.0000%	8h	321.82	−0.189%	$1.7M	$6.2M	20x	as long as short
Gate ARM_USDT	0.0000%	8h	322.25	−0.056%	$1.4M	$4.0M	50x	as long as short
Bitget ARMUSDT	0.0000%	8h	321.95	−0.149%	$1.7M	$4.2M	20x	as long as short
Variational Omni ARM	0.0000%	8h	322.99	+0.173%	$187K	$219K	—	as long as short
SunX ARM-USDT	0.0000%	8h	322.08	−0.109%	$1K	$2.1M	10x	as long as short

Show all 24 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ARM-USDT	0.0000%	8h	322.89	+0.143%	$18K	$11K	20x	as long as short
Binance ARMUSDT	+0.0005%	8h	321.95	−0.149%	$8.2M	$50.5M	20x	as long as short
Extended ARM-USD	+0.0008%	1h	321.99	−0.135%	$32K	$324K	10x	as long as short
QFEX ARM-USD	+0.0019%	1h	322.12	−0.096%	$1.1M	$3.3M	10x	as long as short
Lighter ARM	+0.0032%	1h	321.87	−0.174%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	322.21	−0.068%	—	—	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	322.27	−0.050%	$372K	$1.2M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	322.66	+0.071%	$182K	$445K	10x	as long as short
Coinbase International ARM-PERP-INTX	+0.0096%	1h	321.45	−0.304%	$99K	$271K	10x	as long as short
Injective ARM/USDC PERP	+0.0207%	1h	322.26	−0.053%	$3K	$60K	12x	as long as short
KuCoin ARMUSDTM	+0.0209%	8h	322.16	−0.084%	$2.3M	$275K	20x	as long as short
tradeXYZ xyz:ARM	+0.0228%	1h	321.64	−0.245%	$8.3M	$8.7M	10x	as long as short
Phoenix ARM	+0.0248%	1h	323.20	+0.239%	$8K	$424K	10x	as long as short
GRVT ARM_USDT_Perp	+0.0873%	8h	323.11	+0.211%	$291	$254K	10x	as long as short