Funding you earn now, next payment 03:00 UTC−0.0239%/8h= −26.2% APRpaid last 24h −0.067%
Price spread now: Coinbase International against KuCoin+0.049%7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$317as in the Funding arb table
Net, price: spread back to 7d avg − costs−$303as in the Price arb table
costs, in and out, $10k−$3123.116% of the position
Funding, last 7 days−0.049%−$5 on $10k
+Price spread, last 4 days (all we have)−0.278%−$28 · spread now +0.049%, 7d avg −0.033%
=The price spread pays, funding is against you. Coinbase International is 0.082% dearer against KuCoin than usual: you sell high and buy low (spread +0.049% now, against its 7-day average of −0.033%): +$8 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 27 hours. At the pace of the last 7 days (−0.049% in total) that is about 12 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.049% in total (about -2.6% 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 | KuCoin ARMUSDTM | 326.85 | 0.0327 | pay 0.0327% / 8h | 4h 10m | $2.3M | $119K | 20x |
| Short | Coinbase International ARM-PERP-INTX | 327.01 | 0.0088 | get 0.0011% / 1h | 10m 18s | $97K | $303K | 10x |
KuCoin ARMUSDTM
Coinbase International ARM-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against KuCoin. 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
- −$50.19
- Price spread: +0.049% → −0.033%
- $8.17
- Slippage, 4 orders
- −$289.64
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$353.67
- Costs to cover
- 3.116%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 6 min ago; Coinbase International: live order book, 48 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 KuCoin live order book, 6 min ago | 7.50 bp | 199.0 bp −$199 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 48 min ago | 4.72 bp | 11.3 bp −$11 | 20.3 bp −$203 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ARMUSDT | 0.0000% | 8h | 326.91 | +0.017% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 326.93 | +0.025% | $36K | $270K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 327.12 | +0.083% | $8.6M | $50.1M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 327.08 | +0.070% | $1.9M | $2.1M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 327.09 | +0.073% | $1.7M | $6.7M | 20x | as long as short |
| Bitget ARMUSDT | 0.0000% | 8h | 326.86 | +0.003% | $1.8M | $3.9M | 20x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 326.73 | −0.035% | $212K | $301K | — | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 326.52 | −0.101% | $359 | $201K | 10x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 326.63 | −0.067% | $1K | $2.7M | 10x | as long as short |
| Deribit ARM_USDC-PERPETUAL | 0.0000% | 1h | 326.88 | +0.009% | $12K | $59K | 10x | as long as short |
Aster ARMUSDT
Extended ARM-USD
Binance ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Bitget ARMUSDT
Variational Omni ARM
GRVT ARM_USDT_Perp
SunX ARM-USDT
Deribit ARM_USDC-PERPETUALShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX ARM-USDT | 0.0000% | 8h | 326.43 | −0.128% | $18K | $16K | 20x | as long as short |
| BloFin ARM-USDT | +0.0018% | 8h | 326.56 | −0.089% | $127K | $49K | 20x | as long as short |
| QFEX ARM-USD | +0.0025% | 1h | 326.69 | −0.049% | $1.1M | $3.8M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 327.00 | +0.046% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 326.84 | −0.003% | — | — | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.0050% | 1h | 326.89 | +0.012% | $8.2M | $8.8M | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 326.76 | −0.028% | $378K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 326.66 | −0.058% | $197K | $416K | 10x | as long as short |
| Gate ARM_USDT | +0.0067% | 8h | 327.01 | +0.049% | $1.5M | $4.3M | 50x | as long as short |
| Coinbase International ARM-PERP-INTXshort | +0.0088% | 1h | 327.01 | +0.049% | $97K | $303K | 10x | |
| Phoenix ARM | +0.0195% | 1h | 326.49 | −0.110% | $5K | $444K | 10x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 330.01 | +0.967% | $5K | $50K | 12x | as long as short |
| KuCoin ARMUSDTMlong | +0.0327% | 8h | 326.85 | long leg | $2.3M | $119K | 20x | |
| edgeX ARMUSDC | +0.0532% | 4h | 326.45 | −0.121% | $35K | $350K | 10x | as long as short |
HTX ARM-USDT
BloFin ARM-USDT
QFEX ARM-USD
Lighter ARM
Vest ARM-USD-PERP
tradeXYZ xyz:ARM
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
Gate ARM_USDT
Phoenix ARM
Injective ARM/USDC PERP
edgeX ARMUSDC