Funding you earn now, next payment 04:00 UTC−0.0783%/8h= −85.7% APRpaid last 24h +0.032%
Price spread now: Coinbase International against edgeX+0.435%77s7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as 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−$400.398% of the position
Funding, last 7 days+0.193%+$19 on $10k
+Price spread, last 4 days (all we have)−0.611%−$61 · spread now +0.435%, 7d avg −0.030%
=Together, before fees−0.418%+ Points / potential airdropedgeX: Active · farm board−$42 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 0.466% dearer against edgeX than usual: you sell high and buy low (spread +0.435% now, against its 7-day average of −0.030%): +$47 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 48 hours. Mind the row above: over the last 7 days funding on this pair paid +0.193%, so the current rate has only just turned against you. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.193% in total (about 10.1% 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 | edgeX ARMUSDC | 320.93 | 0.0911 | pay 0.0455% / 4h | 3h 05m | $34K | $349K | 10x |
| Short | Coinbase International ARM-PERP-INTX | 322.33 | 0.0128 | get 0.0016% / 1h | 5m 54s | $100K | $314K | 10x |
edgeX ARMUSDC
Coinbase International ARM-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against edgeX. 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
- −$164.42
- Price spread: +0.435% → −0.030%
- $46.55
- Slippage, 4 orders
- −$20.76
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$157.63
- Costs to cover
- 0.398%
- Break-even
- from the start
Slippage from edgeX: live order book, 47 min ago; Coinbase International: live order book, 47 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 edgeX live order book, 47 min ago | 2.00 bp | 7.1 bp −$7 | 87.9 bp −$879 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 47 min ago | 7.08 bp | 12.1 bp −$12 | 17.4 bp −$174 | 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 | −0.0431% | 8h | 321.35 | +0.130% | $1.8M | $3.9M | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 321.27 | +0.106% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 321.13 | +0.061% | $35K | $249K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 321.10 | +0.052% | $8.3M | $50.8M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 321.13 | +0.061% | $1.9M | $2.2M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 320.96 | +0.008% | $1.6M | $6.7M | 20x | as long as short |
| Gate ARM_USDT | 0.0000% | 8h | 321.35 | +0.130% | $1.4M | $4.4M | 50x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 321.45 | +0.162% | $191K | $301K | — | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 321.06 | +0.039% | $722 | $215K | 10x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 321.00 | +0.021% | $1K | $2.6M | 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 | 320.56 | −0.116% | $18K | $16K | 20x | as long as short |
| QFEX ARM-USD | +0.0014% | 1h | 321.46 | +0.164% | $1.1M | $3.6M | 10x | as long as short |
| BloFin ARM-USDT | +0.0026% | 8h | 321.20 | +0.083% | $123K | $50K | 20x | as long as short |
| Lighter ARM | +0.0032% | 1h | 321.00 | +0.021% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 321.49 | +0.173% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 321.75 | +0.254% | $373K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 321.02 | +0.027% | $187K | $425K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0113% | 8h | 321.34 | +0.127% | $2.3M | $119K | 20x | as long as short |
| Phoenix ARM | +0.0123% | 1h | 321.03 | +0.030% | $5K | $446K | 10x | as long as short |
| Coinbase International ARM-PERP-INTXshort | +0.0128% | 1h | 322.33 | +0.435% | $100K | $314K | 10x | |
| tradeXYZ xyz:ARM | +0.0137% | 1h | 321.09 | +0.049% | $8.0M | $8.6M | 10x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 324.93 | +1.245% | $5K | $50K | 12x | as long as short |
| edgeX ARMUSDClong | +0.0911% | 4h | 320.93 | long leg | $34K | $349K | 10x | |
| Deribit ARM_USDC-PERPETUAL | +0.1588% | 1h | 321.62 | +0.214% | $12K | $59K | 10x | as long as short |
HTX ARM-USDT
QFEX ARM-USD
BloFin ARM-USDT
Lighter ARM
Vest ARM-USD-PERP
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
KuCoin ARMUSDTM
Phoenix ARM
tradeXYZ xyz:ARM
Injective ARM/USDC PERP
Deribit ARM_USDC-PERPETUAL