Funding you earn now, next payment 07:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.054%
Price spread now: Bybit against Injective−0.996%118s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.285%−$28 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bybit is 0.996% cheaper against Injective than usual: you would sell low and buy high (−$100 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 118 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 | Injective ARM/USDC PERP | 323.28 | 0.0220 | pay 0.0028% / 1h | 13m 28s | $5K | $50K | 12x |
| Short | Bybit ARMUSDT | 320.06 | 0 | get 0.0000% / 8h | 1h 13m | $1.9M | $2.1M | 25x |
Injective ARM/USDC PERP
Bybit ARMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Injective. 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
- −$46.2
- Price spread: −0.996% → 0.000%
- −$99.6
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$156.82
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 3 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 Injective no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 3 min ago | 5.00 bp | 25.1 bp −$25 | 89.4 bp −$894 | doesn't fit | doesn't fit |
Injective: 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 | −0.0875% | 8h | 320.11 | −0.981% | $1.7M | $4.0M | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 319.98 | −1.021% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 319.86 | −1.058% | $36K | $267K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 320.21 | −0.950% | $8.2M | $50.4M | 20x | as long as short |
| Bybit ARMUSDTshort | 0.0000% | 8h | 320.06 | −0.996% | $1.9M | $2.1M | 25x | |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 320.07 | −0.993% | $1.6M | $6.6M | 20x | as long as short |
| Gate ARM_USDT | 0.0000% | 8h | 320.11 | −0.981% | $1.4M | $4.2M | 50x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 319.92 | −1.038% | $184K | $280K | — | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 319.79 | −1.080% | $502 | $231K | 10x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 319.71 | −1.104% | $1K | $2.5M | 10x | as long as short |
Bitget ARMUSDT
Aster ARMUSDT
Extended ARM-USD
Binance 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 | 319.77 | −1.086% | $18K | $16K | 20x | as long as short |
| BloFin ARM-USDT | +0.0020% | 8h | 319.69 | −1.110% | $121K | $51K | 20x | as long as short |
| QFEX ARM-USD | +0.0021% | 1h | 319.87 | −1.055% | $1.1M | $3.5M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 319.75 | −1.092% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 320.13 | −0.974% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 320.14 | −0.971% | $370K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 320.16 | −0.965% | $183K | $431K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0100% | 8h | 320.31 | −0.919% | $2.3M | $119K | 20x | as long as short |
| tradeXYZ xyz:ARM | +0.0172% | 1h | 320.20 | −0.953% | $8.2M | $8.7M | 10x | as long as short |
| Phoenix ARM | +0.0199% | 1h | 320.04 | −1.002% | $5K | $444K | 10x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0200% | 1h | 320.05 | −0.999% | $99K | $291K | 10x | as long as short |
| Injective ARM/USDC PERPlong | +0.0220% | 1h | 323.28 | long leg | $5K | $50K | 12x | |
| Deribit ARM_USDC-PERPETUAL | +0.0469% | 1h | 320.02 | −1.008% | $12K | $59K | 10x | as long as short |
| edgeX ARMUSDC | +0.0605% | 4h | 319.78 | −1.084% | $34K | $354K | 10x | as long as short |
HTX ARM-USDT
BloFin ARM-USDT
QFEX ARM-USD
Lighter ARM
Vest ARM-USD-PERP
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
KuCoin ARMUSDTM
tradeXYZ xyz:ARM
Phoenix ARM
Coinbase International ARM-PERP-INTX
Deribit ARM_USDC-PERPETUAL
edgeX ARMUSDC