Funding you earn now, next payment 05:00 UTC−0.0228%/8h= −24.9% APRnext payment −$0.28 per $10,000 · paid last 24h −0.062%
Price spread now: tradeXYZ against Deribit−0.087%7-day average −0.023% · 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−$56as in the Price arb table
costs, in and out, $10k−$490.492% of the position
Funding, last 4 days (all we have)−0.071%−$7 on $10k
+Price spread, last 4 days (all we have)+0.248%+$25 · spread now −0.087%, 7d avg −0.023%
=Together, before fees+0.177%+ Points / potential airdroptradeXYZ: Active · farm board+$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and tradeXYZ is 0.064% cheaper against Deribit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.023%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.071% in total (about -6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.28 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 | 322.40 | 0.0278 | pay 0.0035% / 1h | 37m 51s | $12K | $59K | 10x |
| Short | tradeXYZ xyz:ARM | 322.12 | 0.0050 | get 0.0006% / 1h | 37m 51s | $8.1M | $8.7M | 10x |
Deribit ARM_USDC-PERPETUAL
tradeXYZ xyz:ARMFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$47.8
- Price spread: −0.087% → −0.023%
- −$6.39
- Slippage, 4 orders
- −$24.17
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$103.36
- Costs to cover
- 0.492%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 80 min ago; tradeXYZ: live order book, 11 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, 80 min ago | 0.15 bp | 11.8 bp −$12 | 13.2 bp −$132 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 11 min ago | 0.46 bp | 12.1 bp −$12 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX ARMUSDC | −0.0818% | 4h | 323.47 | +0.333% | $34K | $349K | 10x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 322.19 | −0.065% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 322.07 | −0.103% | $40K | $269K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 322.13 | −0.083% | $8.4M | $50.6M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 322.08 | −0.099% | $1.9M | $2.2M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 322.07 | −0.102% | $1.6M | $6.7M | 20x | as long as short |
| Gate ARM_USDT | 0.0000% | 8h | 322.29 | −0.034% | $1.5M | $4.3M | 50x | as long as short |
| Bitget ARMUSDT | 0.0000% | 8h | 322.30 | −0.031% | $1.8M | $3.9M | 20x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 323.51 | +0.344% | $210K | $293K | — | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 323.62 | +0.378% | $667 | $210K | 10x | as long as short |
edgeX ARMUSDC
Aster ARMUSDT
Extended ARM-USD
Binance ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Gate ARM_USDT
Bitget ARMUSDT
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 | 322.64 | +0.074% | $1K | $2.7M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 324.13 | +0.537% | $18K | $16K | 20x | as long as short |
| BloFin ARM-USDT | +0.0009% | 8h | 322.27 | −0.040% | $123K | $49K | 20x | as long as short |
| QFEX ARM-USD | +0.0014% | 1h | 322.48 | +0.025% | $1.1M | $3.7M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 322.25 | −0.047% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 322.76 | +0.112% | — | — | 10x | as long as short |
| tradeXYZ xyz:ARMshort | +0.0050% | 1h | 322.12 | −0.087% | $8.1M | $8.7M | 10x | |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 322.34 | −0.019% | $373K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 323.95 | +0.481% | $190K | $413K | 10x | as long as short |
| Phoenix ARM | +0.0123% | 1h | 324.14 | +0.540% | $5K | $446K | 10x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0128% | 1h | 324.44 | +0.633% | $95K | $306K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0201% | 8h | 322.22 | −0.056% | $2.3M | $119K | 20x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 330.24 | +2.432% | $5K | $50K | 12x | as long as short |
| Deribit ARM_USDC-PERPETUALlong | +0.0278% | 1h | 322.40 | long leg | $12K | $59K | 10x |
SunX ARM-USDT
HTX ARM-USDT
BloFin 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
KuCoin ARMUSDTM
Injective ARM/USDC PERP