Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h −0.034%

Price spread now: Coinbase International against Binance−0.260%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$510.509% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.151%+$15 on $10k

Price spread, last 4 days (all we have)+0.216%+$22 · spread now −0.260%, 7d avg −0.042%

Together, before fees+0.367%+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.218% cheaper against Binance than usual: you would sell low and buy high (spread −0.260% now, against its 7-day average of −0.042%). If the spread goes back, that is −$22 on $10k: about 7.0 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	Binance ARMUSDT	319.08	0	get 0.0000% / 8h	7h 55m	$8.2M	$49.7M	20x
Short	Coinbase International ARM-PERP-INTX	318.25	0.0104	get 0.0013% / 1h	55m 13s	$98K	$278K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. 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 BinancebpFee Coinbase InternationalbpOrdersPrice spread, now −0.260%Rate

Funding earned: $21.84
Price spread: −0.260% → −0.042%: −$21.8
Slippage, 4 orders: −$30.93
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$50.9
Costs to cover: 0.509%
Break-even: 23.3 days

Slippage from Binance: live order book, 2 min ago; Coinbase International: live order book, 43 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 Binance live order book, 2 min ago	1.09 bp	16.0 bp −$16	47.2 bp −$472	204.1 bp −$20.4K	doesn't fit
Sell Coinbase International live order book, 43 min ago	4.81 bp	11.0 bp −$11	19.5 bp −$195	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
GRVT ARM_USDT_Perp	−0.0879%	8h	321.35	+0.711%	$373	$237K	10x	as long as short
edgeX ARMUSDC	−0.0576%	4h	320.83	+0.548%	$35K	$356K	10x	as long as short
Bitget ARMUSDT	−0.0425%	8h	318.62	−0.144%	$1.7M	$3.9M	20x	as long as short
Deribit ARM_USDC-PERPETUAL	−0.0254%	1h	317.59	−0.466%	$12K	$56K	10x	as long as short
BloFin ARM-USDT	−0.0027%	8h	318.45	−0.197%	$122K	$52K	20x	as long as short
HTX ARM-USDT	−0.0025%	8h	319.77	+0.217%	$18K	$14K	20x	as long as short
Aster ARMUSDT	0.0000%	8h	318.75	−0.104%	$7K	$126K	20x	as long as short
Extended ARM-USD	0.0000%	1h	318.84	−0.074%	$32K	$317K	10x	as long as short
Binance ARMUSDTlong	0.0000%	8h	319.08	long leg	$8.2M	$49.7M	20x
Bybit ARMUSDT	0.0000%	8h	318.10	−0.307%	$1.9M	$2.1M	25x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ARM-USDT-SWAP	0.0000%	8h	317.74	−0.419%	$1.6M	$6.4M	20x	as long as short
Gate ARM_USDT	0.0000%	8h	319.14	+0.019%	$1.4M	$4.0M	50x	as long as short
Variational Omni ARM	0.0000%	8h	320.29	+0.380%	$187K	$252K	—	as long as short
SunX ARM-USDT	0.0000%	8h	318.87	−0.065%	$1K	$2.3M	10x	as long as short
QFEX ARM-USD	+0.0020%	1h	318.81	−0.084%	$1.1M	$3.4M	10x	as long as short
Lighter ARM	+0.0032%	1h	317.78	−0.407%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	319.21	+0.041%	—	—	10x	as long as short
tradeXYZ xyz:ARM	+0.0050%	1h	318.95	−0.040%	$8.1M	$8.7M	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	319.10	+0.007%	$369K	$1.2M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	321.26	+0.684%	$185K	$427K	10x	as long as short
KuCoin ARMUSDTM	+0.0100%	8h	319.93	+0.267%	$2.3M	$129K	20x	as long as short
Coinbase International ARM-PERP-INTXshort	+0.0104%	1h	318.25	−0.260%	$98K	$278K	10x
Injective ARM/USDC PERP	+0.0220%	1h	324.70	+1.762%	$5K	$44K	12x	as long as short
Phoenix ARM	+0.0224%	1h	321.27	+0.687%	$5K	$414K	10x	as long as short