Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h +0.036%

Price spread now: Coinbase International against Aster−0.225%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$178as in the Funding arb table

Net, price: spread back to 7d avg − costs−$229as in the Price arb table

costs, in and out, $10k−$2052.052% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.277%+$28 on $10k

Price spread, last 3 days (all we have)+0.130%+$13 · spread now −0.225%, 7d avg +0.014%

Together, before fees+0.407%+ Points / potential airdropAster: Stage 5 · farm board+$41 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.239% cheaper against Aster than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of +0.014%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.277%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ARMUSDT	328.80	0	get 0.0000% / 8h	6h 26m	$7K	$126K	20x
Short	Coinbase International ARM-PERP-INTX	328.06	−0.0024	pay 0.0003% / 1h	26m 52s	$99K	$287K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee Coinbase InternationalbpOrdersPrice spread, now −0.225%Rate

Funding earned: −$5.04
Price spread: −0.225% → +0.014%: −$23.91
Slippage, 4 orders: −$187.25
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$234.2
Costs to cover: 2.052%
Break-even: never at this rate

Slippage from Aster: live order book, 39 min ago; Coinbase International: live order book, 41 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 Aster live order book, 39 min ago	45.82 bp	56.7 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 41 min ago	5.00 bp	11.3 bp −$11	16.4 bp −$164	doesn't fit	doesn't fit

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
Coinbase International ARM-PERP-INTXshort	−0.0024%	1h	328.06	−0.225%	$99K	$287K	10x
Aster ARMUSDTlong	0.0000%	8h	328.80	long leg	$7K	$126K	20x
Bybit ARMUSDT	0.0000%	8h	328.86	+0.018%	$2.0M	$2.2M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	328.69	−0.034%	$1.7M	$6.6M	20x	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	328.85	+0.016%	$408	$186K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	328.74	−0.019%	$1K	$2.9M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	328.60	−0.061%	$18K	$16K	20x	as long as short
QFEX ARM-USD	+0.0015%	1h	328.70	−0.031%	$1.1M	$4.4M	10x	as long as short
Lighter ARM	+0.0032%	1h	328.50	−0.092%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	328.88	+0.024%	—	—	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ARM	+0.0050%	1h	328.85	+0.015%	$8.3M	$9.0M	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	328.67	−0.040%	$381K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	328.74	−0.019%	$203K	$406K	10x	as long as short
Phoenix ARM	+0.0121%	1h	328.39	−0.125%	$5K	$444K	10x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0146%	1h	328.66	−0.043%	$12K	$125K	10x	as long as short
Variational Omni ARM	+0.0155%	8h	328.06	−0.224%	$213K	$392K	—	as long as short
Gate ARM_USDT	+0.0175%	8h	329.03	+0.070%	$1.5M	$4.2M	50x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	331.58	+0.845%	$5K	$50K	12x	as long as short
Binance ARMUSDT	+0.0270%	8h	328.85	+0.015%	$8.7M	$50.5M	20x	as long as short
Extended ARM-USD	+0.0272%	1h	328.79	−0.005%	$36K	$274K	10x	as long as short
Bitget ARMUSDT	+0.0525%	8h	328.79	−0.003%	$1.8M	$3.8M	20x	as long as short
edgeX ARMUSDC	+0.0751%	4h	328.45	−0.108%	$35K	$344K	10x	as long as short
KuCoin ARMUSDTM	+0.0796%	8h	329.01	+0.064%	$2.4M	$121K	20x	as long as short