Funding you earn now, next payment 09:00 UTC−0.0084%/8h= −9.2% APRnext payment −$0.11 per $10,000 · paid last 24h −0.040%
Price spread now: QFEX against tradeXYZ−0.028%49s7-day average −0.007% · you buy dearer than you sell
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−$400.402% of the position
Funding, last 4 days (all we have)−0.122%−$12 on $10k
+Price spread, last 7 days+0.020%+$2 · spread now −0.028%, 7d avg −0.007%
=Together, before fees−0.102%+ Points / potential airdroptradeXYZ: Active · farm board−$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and QFEX is 0.021% cheaper against tradeXYZ than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.007%). Swap the legs. The two prices were read 49 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 | tradeXYZ xyz:ARM | 317.65 | 0.0104 | pay 0.0013% / 1h | 33m 48s | $8.1M | $8.7M | 10x |
| Short | QFEX ARM-USD | 317.56 | 0.0020 | get 0.0002% / 1h | 33m 48s | $1.1M | $3.3M | 10x |
tradeXYZ xyz:ARM
QFEX ARM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$17.7
- Price spread: −0.028% → −0.007%
- −$2.12
- Slippage, 4 orders
- −$12.2
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$60.02
- Costs to cover
- 0.402%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 4 min ago; QFEX: live order book, 4 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, 4 min ago | 1.41 bp | 12.4 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 4 min ago | 1.88 bp | 9.0 bp −$9 | 15.0 bp −$150 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT ARM_USDT_Perp | −0.0798% | 8h | 318.74 | +0.343% | $612 | $238K | 10x | as long as short |
| Bitget ARMUSDT | −0.0396% | 8h | 317.58 | −0.022% | $1.6M | $4.0M | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 318.00 | +0.109% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 317.88 | +0.071% | $31K | $316K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 317.61 | −0.013% | $8.1M | $50.0M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 317.59 | −0.019% | $1.9M | $2.1M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 317.53 | −0.038% | $1.6M | $6.5M | 20x | as long as short |
| Gate ARM_USDT | 0.0000% | 8h | 318.04 | +0.123% | $1.4M | $4.1M | 50x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 317.86 | +0.065% | $182K | $253K | — | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 318.12 | +0.148% | $1K | $2.3M | 10x | as long as short |
GRVT ARM_USDT_Perp
Bitget ARMUSDT
Aster ARMUSDT
Extended ARM-USD
Binance ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Gate ARM_USDT
Variational Omni ARM
SunX ARM-USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARM_USDC-PERPETUAL | 0.0000% | 1h | 317.86 | +0.066% | $12K | $56K | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 317.94 | +0.091% | $18K | $14K | 20x | as long as short |
| QFEX ARM-USDshort | +0.0020% | 1h | 317.56 | −0.028% | $1.1M | $3.3M | 10x | |
| BloFin ARM-USDT | +0.0024% | 8h | 318.00 | +0.110% | $121K | $52K | 20x | as long as short |
| Lighter ARM | +0.0032% | 1h | 317.75 | +0.031% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 317.74 | +0.028% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 317.69 | +0.013% | $367K | $1.2M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 318.02 | +0.116% | $186K | $439K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0100% | 8h | 318.21 | +0.176% | $2.3M | $157K | 20x | as long as short |
| tradeXYZ xyz:ARMlong | +0.0104% | 1h | 317.65 | long leg | $8.1M | $8.7M | 10x | |
| Coinbase International ARM-PERP-INTX | +0.0104% | 1h | 319.39 | +0.548% | $98K | $279K | 10x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 324.70 | +2.219% | $5K | $44K | 12x | as long as short |
| edgeX ARMUSDC | +0.0223% | 4h | 318.42 | +0.241% | $35K | $359K | 10x | as long as short |
| Phoenix ARM | +0.0224% | 1h | 318.06 | +0.129% | $5K | $414K | 10x | as long as short |
Deribit ARM_USDC-PERPETUAL
HTX ARM-USDT
BloFin ARM-USDT
Lighter ARM
Vest ARM-USD-PERP
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
KuCoin ARMUSDTM
Coinbase International ARM-PERP-INTX
Injective ARM/USDC PERP
edgeX ARMUSDC
Phoenix ARM