ARM

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0700%/8h= −76.7% APRnext payment −$0.88 per $10,000 · paid last 24h −0.097%

Price spread now: QFEX against Deribit+0.125%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. QFEX is 0.125% dearer against Deribit than usual: you sell high and buy low (spread +0.125% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ARM_USDC-PERPETUAL	319.54	0.0721	pay 0.0090% / 1h	25m 20s	$12K	$59K	10x
Short	QFEX ARM-USD	319.94	0.0021	get 0.0003% / 1h	25m 20s	$1.1M	$3.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Deribit. 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 DeribitbpFee QFEXbpOrdersPrice spread, now +0.125%Rate

Funding earned: −$147.09
Price spread: +0.125% → 0.000%: $12.52
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$151.58
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; QFEX: live order book, 8 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 Deribit no order-book sample	—	—	—	—	—
Sell QFEX live order book, 8 min ago	1.88 bp	7.8 bp −$8	9.8 bp −$98	doesn't fit	doesn't fit

Deribit: 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
Bitget ARMUSDT	−0.0907%	8h	320.04	+0.156%	$1.8M	$4.0M	20x	as long as short
BloFin ARM-USDT	−0.0003%	8h	319.45	−0.028%	$122K	$51K	20x	as long as short
Aster ARMUSDT	0.0000%	8h	319.93	+0.121%	$7K	$126K	20x	as long as short
Extended ARM-USD	0.0000%	1h	319.95	+0.129%	$36K	$267K	10x	as long as short
Binance ARMUSDT	0.0000%	8h	319.99	+0.141%	$8.2M	$50.4M	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	319.95	+0.128%	$1.9M	$2.1M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	319.78	+0.075%	$1.6M	$6.6M	20x	as long as short
Gate ARM_USDT	0.0000%	8h	320.07	+0.166%	$1.4M	$4.2M	50x	as long as short
Variational Omni ARM	0.0000%	8h	319.82	+0.087%	$184K	$282K	—	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	319.72	+0.058%	$249	$229K	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX ARM-USDT	0.0000%	8h	319.56	+0.006%	$1K	$2.5M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	319.53	−0.003%	$18K	$16K	20x	as long as short
QFEX ARM-USDshort	+0.0021%	1h	319.94	+0.125%	$1.1M	$3.5M	10x
Lighter ARM	+0.0032%	1h	319.95	+0.128%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	319.97	+0.135%	—	—	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	319.97	+0.135%	$370K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	319.11	−0.135%	$184K	$432K	10x	as long as short
KuCoin ARMUSDTM	+0.0100%	8h	319.95	+0.128%	$2.3M	$119K	20x	as long as short
tradeXYZ xyz:ARM	+0.0172%	1h	320.08	+0.169%	$8.2M	$8.7M	10x	as long as short
Phoenix ARM	+0.0199%	1h	319.65	+0.034%	$5K	$444K	10x	as long as short
Coinbase International ARM-PERP-INTX	+0.0200%	1h	319.16	−0.119%	$97K	$294K	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	323.41	+1.211%	$5K	$50K	12x	as long as short
edgeX ARMUSDC	+0.0271%	4h	319.54	−0.001%	$34K	$351K	10x	as long as short
Deribit ARM_USDC-PERPETUALlong	+0.0721%	1h	319.54	long leg	$12K	$59K	10x