Funding you earn now, next payment 04:00 UTC−0.0220%/8h= −24.1% APRnext payment −$0.27 per $10,000 · paid last 24h −0.061%
Price spread now: tradeXYZ against Deribit−0.046%7-day average −0.023% · 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−$52as in the Price arb table
costs, in and out, $10k−$500.496% of the position
Funding, last 4 days (all we have)−0.071%−$7 on $10k
+Price spread, last 4 days (all we have)+0.207%+$21 · spread now −0.046%, 7d avg −0.023%
=Together, before fees+0.136%+ Points / potential airdroptradeXYZ: Active · farm board+$14 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and tradeXYZ is 0.023% cheaper against Deribit than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.023%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.071% in total (about -6.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.27 per $10,000. 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 | Deribit ARM_USDC-PERPETUAL | 327.28 | 0.0270 | pay 0.0034% / 1h | 33m 04s | $12K | $125K | 10x |
| Short | tradeXYZ xyz:ARM | 327.13 | 0.0050 | get 0.0006% / 1h | 33m 04s | $8.2M | $8.8M | 10x |
Deribit ARM_USDC-PERPETUAL
tradeXYZ xyz:ARMFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Deribit. 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
- −$46.14
- Price spread: −0.046% → −0.023%
- −$2.29
- Slippage, 4 orders
- −$24.55
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$97.98
- Costs to cover
- 0.496%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 25 min ago; tradeXYZ: live order book, 6 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 Deribit live order book, 25 min ago | 0.15 bp | 11.8 bp −$12 | 13.2 bp −$132 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 6 min ago | 1.07 bp | 11.4 bp −$11 | 19.4 bp −$194 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ARM-USDT | −0.0001% | 8h | 327.24 | −0.012% | $128K | $49K | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 327.43 | +0.047% | $7K | $126K | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 327.23 | −0.015% | $2.0M | $2.1M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 327.09 | −0.058% | $1.7M | $6.7M | 20x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 327.28 | +0.001% | $212K | $307K | — | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 327.41 | +0.040% | $373 | $198K | 10x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 327.21 | −0.021% | $1K | $2.7M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 327.07 | −0.064% | $18K | $16K | 20x | as long as short |
| Binance ARMUSDT | +0.0023% | 8h | 327.25 | −0.010% | $8.6M | $50.1M | 20x | as long as short |
| Extended ARM-USD | +0.0024% | 1h | 327.16 | −0.038% | $39K | $271K | 10x | as long as short |
BloFin ARM-USDT
Aster ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Variational Omni ARM
GRVT ARM_USDT_Perp
SunX ARM-USDT
HTX ARM-USDT
Binance ARMUSDT
Extended ARM-USDShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX ARM-USD | +0.0025% | 1h | 327.10 | −0.055% | $1.1M | $4.0M | 10x | as long as short |
| Bitget ARMUSDT | +0.0030% | 8h | 327.34 | +0.018% | $1.8M | $3.9M | 20x | as long as short |
| Lighter ARM | +0.0032% | 1h | 327.10 | −0.055% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 327.36 | +0.024% | — | — | 10x | as long as short |
| tradeXYZ xyz:ARMshort | +0.0050% | 1h | 327.13 | −0.046% | $8.2M | $8.8M | 10x | |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 327.08 | −0.061% | $379K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 327.14 | −0.043% | $200K | $408K | 10x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0088% | 1h | 327.37 | +0.027% | $98K | $300K | 10x | as long as short |
| Gate ARM_USDT | +0.0107% | 8h | 327.37 | +0.027% | $1.5M | $4.3M | 50x | as long as short |
| Phoenix ARM | +0.0195% | 1h | 327.36 | +0.024% | $5K | $444K | 10x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 330.69 | +1.042% | $5K | $50K | 12x | as long as short |
| Deribit ARM_USDC-PERPETUALlong | +0.0270% | 1h | 327.28 | long leg | $12K | $125K | 10x | |
| KuCoin ARMUSDTM | +0.0431% | 8h | 327.25 | −0.009% | $2.3M | $119K | 20x | as long as short |
| edgeX ARMUSDC | +0.0506% | 4h | 327.26 | −0.005% | $35K | $348K | 10x | as long as short |
QFEX ARM-USD
Bitget ARMUSDT
Lighter ARM
Vest ARM-USD-PERP
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
Coinbase International ARM-PERP-INTX
Gate ARM_USDT
Phoenix ARM
Injective ARM/USDC PERP
KuCoin ARMUSDTM
edgeX ARMUSDC