Funding you earn now, next payment 03:00 UTC−0.0426%/8h= −46.7% APRnext payment −$0.53 per $10,000 · paid last 24h −0.096%
Price spread now: Coinbase International against Deribit−0.012%7-day average −0.036% · 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−$45as in the Price arb table
costs, in and out, $10k−$470.474% of the position
Funding, last 4 days (all we have)−0.116%−$12 on $10k
+Price spread, last 4 days (all we have)−0.050%−$5 · spread now −0.012%, 7d avg −0.036%
=The price spread pays, funding is against you. Coinbase International is 0.023% dearer against Deribit than usual: you sell high and buy low (spread −0.012% now, against its 7-day average of −0.036%): +$2 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 4 days (−0.116% in total) that is about 18 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.116% in total (about -11.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.53 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 | Deribit ARM_USDC-PERPETUAL | 327.41 | 0.0514 | pay 0.0064% / 1h | 38m 07s | $12K | $125K | 10x |
| Short | Coinbase International ARM-PERP-INTX | 327.37 | 0.0088 | get 0.0011% / 1h | 38m 07s | $98K | $301K | 10x |
Deribit ARM_USDC-PERPETUAL
Coinbase International ARM-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Deribit. 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
- −$89.49
- Price spread: −0.012% → −0.036%
- $2.34
- Slippage, 4 orders
- −$30.43
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$134.58
- Costs to cover
- 0.474%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 20 min ago; Coinbase International: live order book, 20 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 Deribit live order book, 20 min ago | 0.15 bp | 11.8 bp −$12 | 13.2 bp −$132 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 20 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 | 327.36 | −0.016% | $7K | $126K | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 327.38 | −0.009% | $2.0M | $2.1M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 327.16 | −0.076% | $1.7M | $6.7M | 20x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 327.44 | +0.009% | $212K | $308K | — | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 327.54 | +0.040% | $675 | $196K | 10x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 327.53 | +0.037% | $1K | $2.7M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 327.05 | −0.110% | $18K | $16K | 20x | as long as short |
| BloFin ARM-USDT | +0.0009% | 8h | 327.43 | +0.006% | $127K | $49K | 20x | as long as short |
| QFEX ARM-USD | +0.0025% | 1h | 327.38 | −0.009% | $1.1M | $4.0M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 327.12 | −0.089% | — | — | 10x | as long as short |
Aster ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Variational Omni ARM
GRVT ARM_USDT_Perp
SunX ARM-USDT
HTX ARM-USDT
BloFin ARM-USDT
QFEX ARM-USD
Lighter ARMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended ARM-USD | +0.0032% | 1h | 327.38 | −0.008% | $39K | $271K | 10x | as long as short |
| Binance ARMUSDT | +0.0036% | 8h | 327.40 | −0.002% | $8.6M | $50.0M | 20x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 327.64 | +0.070% | — | — | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.0050% | 1h | 327.45 | +0.012% | $8.3M | $8.8M | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 327.38 | −0.009% | $379K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 327.48 | +0.021% | $202K | $405K | 10x | as long as short |
| Bitget ARMUSDT | +0.0085% | 8h | 327.52 | +0.034% | $1.8M | $3.9M | 20x | as long as short |
| Coinbase International ARM-PERP-INTXshort | +0.0088% | 1h | 327.37 | −0.012% | $98K | $301K | 10x | |
| Gate ARM_USDT | +0.0114% | 8h | 327.63 | +0.067% | $1.5M | $4.3M | 50x | as long as short |
| edgeX ARMUSDC | +0.0177% | 4h | 327.86 | +0.136% | $35K | $346K | 10x | as long as short |
| Phoenix ARM | +0.0195% | 1h | 327.62 | +0.064% | $5K | $444K | 10x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 332.08 | +1.426% | $5K | $50K | 12x | as long as short |
| KuCoin ARMUSDTM | +0.0454% | 8h | 327.51 | +0.031% | $2.3M | $119K | 20x | as long as short |
| Deribit ARM_USDC-PERPETUALlong | +0.0514% | 1h | 327.41 | long leg | $12K | $125K | 10x |
Extended ARM-USD
Binance ARMUSDT
Vest ARM-USD-PERP
tradeXYZ xyz:ARM
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
Bitget ARMUSDT
Gate ARM_USDT
edgeX ARMUSDC
Phoenix ARM
Injective ARM/USDC PERP
KuCoin ARMUSDTM