Funding you earn now, next payment 05:00 UTC−0.0165%/8h= −18.0% APRnext payment −$0.21 per $10,000 · paid last 24h −0.013%
Price spread now: QFEX against Coinbase International−0.577%7-day average +0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$380.378% of the position
Funding, last 4 days (all we have)−0.074%−$7 on $10k
+Price spread, last 4 days (all we have)+0.682%+$68 · spread now −0.577%, 7d avg +0.020%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and QFEX is 0.597% cheaper against Coinbase International than usual: you would sell low and buy high (−$60 if the spread goes back to its 7-day average of +0.020%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ARM-PERP-INTX | 320.61 | 0.0176 | pay 0.0022% / 1h | 25m 12s | $100K | $304K | 10x |
| Short | QFEX ARM-USD | 318.76 | 0.0011 | get 0.0001% / 1h | 25m 12s | $1.1M | $3.6M | 10x |
Coinbase International ARM-PERP-INTX
QFEX ARM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Coinbase International. 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
- −$34.57
- Price spread: −0.577% → +0.020%
- −$59.7
- Slippage, 4 orders
- −$17.75
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$132.02
- Costs to cover
- 0.378%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 23 min ago; QFEX: live order book, 3 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 Coinbase International live order book, 23 min ago | 4.81 bp | 10.6 bp −$11 | 18.6 bp −$186 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 3 min ago | 1.57 bp | 9.8 bp −$10 | 18.6 bp −$186 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget ARMUSDT | −0.0840% | 8h | 318.98 | −0.508% | $1.8M | $4.0M | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 318.80 | −0.565% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 318.86 | −0.546% | $38K | $272K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 318.79 | −0.568% | $8.2M | $50.6M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 318.68 | −0.602% | $1.9M | $2.2M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 318.75 | −0.580% | $1.6M | $6.6M | 20x | as long as short |
| Gate ARM_USDT | 0.0000% | 8h | 319.02 | −0.496% | $1.4M | $4.4M | 50x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 318.99 | −0.506% | $184K | $297K | — | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 319.89 | −0.225% | $560 | $218K | 10x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 318.88 | −0.540% | $791 | $2.5M | 10x | as long as short |
Bitget ARMUSDT
Aster ARMUSDT
Extended ARM-USD
Binance ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Gate ARM_USDT
Variational Omni ARM
GRVT ARM_USDT_Perp
SunX ARM-USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX ARM-USDT | 0.0000% | 8h | 318.85 | −0.549% | $18K | $17K | 20x | as long as short |
| QFEX ARM-USDshort | +0.0011% | 1h | 318.76 | −0.577% | $1.1M | $3.6M | 10x | |
| BloFin ARM-USDT | +0.0024% | 8h | 318.96 | −0.515% | $122K | $50K | 20x | as long as short |
| Lighter ARM | +0.0032% | 1h | 318.54 | −0.646% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 318.90 | −0.533% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 318.79 | −0.568% | $369K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 318.82 | −0.558% | $184K | $425K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0100% | 8h | 319.17 | −0.449% | $2.3M | $119K | 20x | as long as short |
| tradeXYZ xyz:ARM | +0.0149% | 1h | 318.90 | −0.533% | $8.0M | $8.7M | 10x | as long as short |
| Coinbase International ARM-PERP-INTXlong | +0.0176% | 1h | 320.61 | long leg | $100K | $304K | 10x | |
| Phoenix ARM | +0.0200% | 1h | 318.94 | −0.521% | $5K | $446K | 10x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 324.54 | +1.226% | $5K | $50K | 12x | as long as short |
| Deribit ARM_USDC-PERPETUAL | +0.0848% | 1h | 318.98 | −0.508% | $12K | $59K | 10x | as long as short |
| edgeX ARMUSDC | +0.0953% | 4h | 318.97 | −0.512% | $34K | $350K | 10x | as long as short |
HTX ARM-USDT
BloFin ARM-USDT
Lighter ARM
Vest ARM-USD-PERP
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
KuCoin ARMUSDTM
tradeXYZ xyz:ARM
Phoenix ARM
Injective ARM/USDC PERP
Deribit ARM_USDC-PERPETUAL
edgeX ARMUSDC