Funding you earn now, next payment 08:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.11 per $10,000 · paid last 24h +0.012%
Price spread now: Coinbase International against QFEX−0.303%7-day average −0.022% · 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−$67as in the Price arb table
costs, in and out, $10k−$390.394% of the position
Funding, last 4 days (all we have)+0.079%+$8 on $10k
+Price spread, last 4 days (all we have)−0.089%−$9 · spread now −0.303%, 7d avg −0.022%
=Funding pays, the price is against you. Coinbase International is 0.281% cheaper against QFEX than usual: you would sell low and buy high (spread −0.303% now, against its 7-day average of −0.022%). If the spread goes back, that is −$28 on $10k: about 11 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX ARM-USD | 319.93 | 0.0020 | pay 0.0002% / 1h | 17m 17s | $1.1M | $3.3M | 10x |
| Short | Coinbase International ARM-PERP-INTX | 318.96 | 0.0104 | get 0.0013% / 1h | 17m 17s | $100K | $281K | 10x |
QFEX ARM-USD
Coinbase International ARM-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against QFEX. 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
- $17.72
- Price spread: −0.303% → −0.022%
- −$28.07
- Slippage, 4 orders
- −$19.39
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$49.74
- Costs to cover
- 0.394%
- Break-even
- 26.6 days
Slippage from QFEX: live order book, 6 min ago; Coinbase International: live order book, 16 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 QFEX live order book, 6 min ago | 1.41 bp | 6.7 bp −$7 | 14.4 bp −$144 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 16 min ago | 6.61 bp | 11.7 bp −$12 | 16.7 bp −$167 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget ARMUSDT | −0.0321% | 8h | 319.79 | −0.044% | $1.7M | $4.1M | 20x | as long as short |
| edgeX ARMUSDC | −0.0135% | 4h | 319.47 | −0.142% | $35K | $361K | 10x | as long as short |
| BloFin ARM-USDT | −0.0001% | 8h | 319.92 | −0.003% | $121K | $53K | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 319.82 | −0.034% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 319.88 | −0.016% | $31K | $316K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 320.05 | +0.038% | $8.2M | $50.2M | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 320.04 | +0.034% | $1.9M | $2.1M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 319.89 | −0.013% | $1.6M | $6.6M | 20x | as long as short |
| Gate ARM_USDT | 0.0000% | 8h | 320.06 | +0.041% | $1.4M | $4.1M | 50x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 319.09 | −0.263% | $185K | $255K | — | as long as short |
Bitget ARMUSDT
edgeX ARMUSDC
BloFin ARM-USDT
Aster ARMUSDT
Extended ARM-USD
Binance ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Gate ARM_USDT
Variational Omni ARMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 318.94 | −0.308% | $756 | $240K | 10x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 319.79 | −0.044% | $1K | $2.3M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 318.60 | −0.416% | $18K | $13K | 20x | as long as short |
| QFEX ARM-USDlong | +0.0020% | 1h | 319.93 | long leg | $1.1M | $3.3M | 10x | |
| Lighter ARM | +0.0032% | 1h | 319.96 | +0.009% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 319.74 | −0.059% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 319.98 | +0.016% | $370K | $1.2M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 319.02 | −0.284% | $182K | $434K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0100% | 8h | 319.81 | −0.038% | $2.3M | $175K | 20x | as long as short |
| Coinbase International ARM-PERP-INTXshort | +0.0104% | 1h | 318.96 | −0.303% | $100K | $281K | 10x | |
| tradeXYZ xyz:ARM | +0.0130% | 1h | 319.90 | −0.009% | $8.1M | $8.7M | 10x | as long as short |
| Deribit ARM_USDC-PERPETUAL | +0.0187% | 1h | 320.17 | +0.075% | $12K | $56K | 10x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 324.70 | +1.491% | $5K | $44K | 12x | as long as short |
| Phoenix ARM | +0.0224% | 1h | 318.17 | −0.550% | $5K | $414K | 10x | as long as short |
GRVT ARM_USDT_Perp
SunX ARM-USDT
HTX ARM-USDT
Lighter ARM
Vest ARM-USD-PERP
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
KuCoin ARMUSDTM
tradeXYZ xyz:ARM
Deribit ARM_USDC-PERPETUAL
Injective ARM/USDC PERP
Phoenix ARM