Funding you earn now, next payment 05:00 UTC+0.0637%/8h= +69.7% APRpaid last 24h +0.028%
Price spread now: Deribit against KuCoin−0.034%7-day average +0.003% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.014%+$1 on $10k
+Price spread, last 4 days (all we have)−0.133%−$13 · spread now −0.034%, 7d avg +0.003%
=Funding pays, the price is against you. Deribit is 0.037% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.034% now, against its 7-day average of +0.003%). If the spread goes back, that is −$4 on $10k: about 5 hours of funding at the current rate (+$19 a day). At the pace of the last 4 days (+0.014% in total) that is about 11 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.014% in total (about 1.3% 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 | 321.17 | 0.0111 | pay 0.0111% / 8h | 3h 05m | $2.3M | $119K | 20x |
| Short | Deribit ARM_USDC-PERPETUAL | 321.06 | 0.0748 | get 0.0093% / 1h | 5m 13s | $12K | $59K | 10x |
KuCoin ARMUSDTM
Deribit ARM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $133.7
- Price spread: −0.034% → +0.003%
- −$3.74
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $110.96
- Costs to cover
- 0.190%
- Break-even
- 1.2 days
Slippage unknown: KuCoin: live order book, 6 min ago; Deribit: no order-book sample. 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 KuCoin live order book, 6 min ago | 5.76 bp | 164.0 bp −$164 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
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 | −0.0444% | 8h | 321.18 | +0.003% | $1.8M | $3.9M | 20x | as long as short |
| BloFin ARM-USDT | −0.0016% | 8h | 320.89 | −0.087% | $122K | $50K | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 321.26 | +0.028% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 320.97 | −0.063% | $38K | $252K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 321.09 | −0.025% | $8.3M | $50.8M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 321.03 | −0.044% | $1.9M | $2.2M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 320.79 | −0.118% | $1.6M | $6.7M | 20x | as long as short |
| Gate ARM_USDT | 0.0000% | 8h | 321.19 | +0.006% | $1.4M | $4.4M | 50x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 321.45 | +0.088% | $191K | $301K | — | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 321.21 | +0.012% | $723 | $215K | 10x | as long as short |
Bitget ARMUSDT
BloFin ARM-USDT
Aster ARMUSDT
Extended ARM-USD
Binance ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Gate ARM_USDT
Variational Omni ARM
GRVT ARM_USDT_PerpShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX ARM-USDT | 0.0000% | 8h | 321.00 | −0.053% | $1K | $2.6M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 321.23 | +0.019% | $18K | $16K | 20x | as long as short |
| QFEX ARM-USD | +0.0014% | 1h | 321.09 | −0.025% | $1.1M | $3.6M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 320.70 | −0.146% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 321.26 | +0.028% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 321.00 | −0.053% | $372K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 321.56 | +0.121% | $187K | $426K | 10x | as long as short |
| KuCoin ARMUSDTMlong | +0.0111% | 8h | 321.17 | long leg | $2.3M | $119K | 20x | |
| Phoenix ARM | +0.0123% | 1h | 321.03 | −0.044% | $5K | $446K | 10x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0128% | 1h | 322.33 | +0.361% | $100K | $314K | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.0136% | 1h | 321.19 | +0.006% | $8.0M | $8.6M | 10x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 324.93 | +1.171% | $5K | $50K | 12x | as long as short |
| Deribit ARM_USDC-PERPETUALshort | +0.0748% | 1h | 321.06 | −0.034% | $12K | $59K | 10x | |
| edgeX ARMUSDC | +0.0911% | 4h | 320.93 | −0.074% | $34K | $349K | 10x | as long as short |
SunX ARM-USDT
HTX ARM-USDT
QFEX ARM-USD
Lighter ARM
Vest ARM-USD-PERP
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
Phoenix ARM
Coinbase International ARM-PERP-INTX
tradeXYZ xyz:ARM
Injective ARM/USDC PERP
edgeX ARMUSDC