Funding you earn now, next payment 02:00 UTC+0.0219%/8h= +24.0% APRnext payment +$0.27 per $10,000 · paid last 24h +0.055%
Price spread now: Deribit against tradeXYZ+0.199%51s7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$570.569% of the position
Funding, last 4 days (all we have)+0.036%+$4 on $10k
+Price spread, last 3 days (all we have)−0.246%−$25 · spread now +0.199%, 7d avg +0.022%
=Together, before fees−0.211%+ Points / potential airdroptradeXYZ: Active · farm board−$21 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Deribit is 0.177% dearer against tradeXYZ than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.022%. The two prices were read 51 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 4 days it paid 0.036% in total (about 3.5% 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 | tradeXYZ xyz:ARM | 327.18 | 0.0050 | pay 0.0006% / 1h | 13m 26s | $8.3M | $8.9M | 10x |
| Short | Deribit ARM_USDC-PERPETUAL | 327.83 | 0.0269 | get 0.0034% / 1h | 13m 26s | $12K | $125K | 10x |
tradeXYZ xyz:ARM
Deribit ARM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against tradeXYZ. 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
- $45.95
- Price spread: +0.199% → +0.022%
- $17.69
- Slippage, 4 orders
- −$31.89
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $6.75
- Costs to cover
- 0.569%
- Break-even
- 6.0 days
Slippage from tradeXYZ: live order book, 5 min ago; Deribit: live order book, 55 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 tradeXYZ live order book, 5 min ago | 4.11 bp | 14.8 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit live order book, 55 min ago | 5.14 bp | 20.0 bp −$20 | 24.4 bp −$244 | doesn't fit | doesn't fit |
ARM on 23 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX ARMUSDC | −0.0069% | 4h | 327.83 | +0.199% | $35K | $347K | 10x | as long as short |
| Coinbase International ARM-PERP-INTX | −0.0024% | 1h | 328.15 | +0.296% | $99K | $287K | 10x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 327.99 | +0.247% | $7K | $126K | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 327.27 | +0.028% | $2.0M | $2.2M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 327.28 | +0.031% | $1.7M | $6.6M | 20x | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 328.01 | +0.255% | $853 | $186K | 10x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 328.36 | +0.361% | $1K | $2.8M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 328.57 | +0.425% | $18K | $16K | 20x | as long as short |
| QFEX ARM-USD | +0.0015% | 1h | 327.62 | +0.134% | $1.1M | $4.4M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 327.68 | +0.153% | — | — | 10x | as long as short |
edgeX ARMUSDC
Coinbase International ARM-PERP-INTX
Aster ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
GRVT ARM_USDT_Perp
SunX ARM-USDT
HTX ARM-USDT
QFEX ARM-USD
Lighter ARMShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest ARM-USD-PERP | +0.0046% | 1h | 327.71 | +0.162% | — | — | 10x | as long as short |
| tradeXYZ xyz:ARMlong | +0.0050% | 1h | 327.18 | long leg | $8.3M | $8.9M | 10x | |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 327.35 | +0.052% | $379K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 327.48 | +0.092% | $201K | $398K | 10x | as long as short |
| Phoenix ARM | +0.0121% | 1h | 328.39 | +0.370% | $5K | $444K | 10x | as long as short |
| Variational Omni ARM | +0.0121% | 8h | 328.01 | +0.255% | $213K | $331K | — | as long as short |
| Gate ARM_USDT | +0.0138% | 8h | 327.48 | +0.092% | $1.5M | $4.2M | 50x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 332.02 | +1.479% | $5K | $50K | 12x | as long as short |
| Binance ARMUSDT | +0.0236% | 8h | 327.42 | +0.073% | $8.6M | $50.4M | 20x | as long as short |
| Extended ARM-USD | +0.0240% | 1h | 327.80 | +0.190% | $36K | $273K | 10x | as long as short |
| Deribit ARM_USDC-PERPETUALshort | +0.0269% | 1h | 327.83 | +0.199% | $12K | $125K | 10x | |
| Bitget ARMUSDT | +0.0445% | 8h | 328.32 | +0.348% | $1.8M | $3.8M | 20x | as long as short |
| KuCoin ARMUSDTM | +0.0763% | 8h | 327.68 | +0.153% | $2.3M | $120K | 20x | as long as short |
Vest ARM-USD-PERP
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
Phoenix ARM
Variational Omni ARM
Gate ARM_USDT
Injective ARM/USDC PERP
Binance ARMUSDT
Extended ARM-USD
Bitget ARMUSDT
KuCoin ARMUSDTM