Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.004%
Price spread now: Bybit against Ondo Perps+0.058%57s7-day average +0.089% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.111%−$11 on $10k
+Price spread, last 4 days (all we have)+0.162%+$16 · spread now +0.058%, 7d avg +0.089%
=Together, before fees+0.051%+ Points / potential airdropOndo Perps: Active · farm board+$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.031% cheaper against Ondo Perps than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.089%). Swap the legs. The two prices were read 57 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 | Ondo Perps ARM-USD.P | 328.07 | 0.0050 | pay 0.0006% / 1h | 16m 41s | $204K | $402K | 10x |
| Short | Bybit ARMUSDT | 328.26 | 0 | get 0.0000% / 8h | 6h 16m | $2.0M | $2.2M | 25x |
Ondo Perps ARM-USD.P
Bybit ARMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Ondo Perps. 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
- −$10.58
- Price spread: +0.058% → +0.089%
- −$3.13
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$29.72
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Bybit: live order book, 5 min ago. 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 5 min ago | 4.26 bp | 15.4 bp −$15 | 80.0 bp −$800 | doesn't fit | doesn't fit |
Ondo Perps: 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 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 | −0.0373% | 4h | 328.22 | +0.046% | $35K | $346K | 10x | as long as short |
| Coinbase International ARM-PERP-INTX | −0.0024% | 1h | 328.06 | −0.003% | $99K | $287K | 10x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 328.14 | +0.022% | $7K | $126K | 20x | as long as short |
| Bybit ARMUSDTshort | 0.0000% | 8h | 328.26 | +0.058% | $2.0M | $2.2M | 25x | |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 328.25 | +0.055% | $1.7M | $6.6M | 20x | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 328.23 | +0.049% | $853 | $186K | 10x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 328.36 | +0.088% | $1K | $2.8M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 328.57 | +0.152% | $18K | $16K | 20x | as long as short |
| QFEX ARM-USD | +0.0015% | 1h | 328.28 | +0.064% | $1.1M | $4.4M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 328.12 | +0.015% | — | — | 10x | as long as short |
edgeX ARMUSDC
Coinbase International ARM-PERP-INTX
Aster 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 | 328.40 | +0.101% | — | — | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.0050% | 1h | 328.27 | +0.061% | $8.3M | $8.9M | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 328.30 | +0.070% | $380K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.Plong | +0.0050% | 1h | 328.07 | long leg | $204K | $402K | 10x | |
| Phoenix ARM | +0.0121% | 1h | 328.81 | +0.226% | $5K | $444K | 10x | as long as short |
| Variational Omni ARM | +0.0132% | 8h | 328.41 | +0.105% | $213K | $332K | — | as long as short |
| Gate ARM_USDT | +0.0159% | 8h | 328.51 | +0.134% | $1.5M | $4.2M | 50x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 332.02 | +1.204% | $5K | $50K | 12x | as long as short |
| Binance ARMUSDT | +0.0245% | 8h | 328.33 | +0.079% | $8.6M | $50.4M | 20x | as long as short |
| Extended ARM-USD | +0.0248% | 1h | 328.14 | +0.023% | $36K | $273K | 10x | as long as short |
| Bitget ARMUSDT | +0.0485% | 8h | 328.32 | +0.076% | $1.8M | $3.8M | 20x | as long as short |
| Deribit ARM_USDC-PERPETUAL | +0.0542% | 1h | 328.47 | +0.122% | $12K | $125K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0775% | 8h | 328.36 | +0.088% | $2.4M | $120K | 20x | as long as short |
Vest ARM-USD-PERP
tradeXYZ xyz:ARM
Polymarket Perps ARM-USD
Phoenix ARM
Variational Omni ARM
Gate ARM_USDT
Injective ARM/USDC PERP
Binance ARMUSDT
Extended ARM-USD
Bitget ARMUSDT
Deribit ARM_USDC-PERPETUAL
KuCoin ARMUSDTM