Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0270%/8h= +29.5% APRpaid last 24h +0.055%

Price spread now: Deribit against Binance−0.005%7-day average −0.008% · 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−$52as in the Price arb table

costs, in and out, $10k−$520.525% of the position

Long on Binance Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.086%+$9 on $10k

Price spread, last 4 days (all we have)+0.085%+$8 · spread now −0.005%, 7d avg −0.008%

Together, before fees+0.171%+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.086% in total (about 8.3% a year). A funding rate is set anew for every payment. 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	Binance ARMUSDT	329.05	0.0150	pay 0.0150% / 8h	5h 36m	$8.7M	$50.0M	20x
Short	Deribit ARM_USDC-PERPETUAL	329.03	0.0419	get 0.0052% / 1h	36m 42s	$12K	$125K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.005%Rate

Funding earned: $56.6
Price spread: −0.005% → −0.008%: $0.31
Slippage, 4 orders: −$35.5
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $4.41
Costs to cover: 0.525%
Break-even: 6.5 days

Slippage from Binance: live order book, 5 min ago; Deribit: live order book, 27 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, 5 min ago	0.76 bp	13.6 bp −$14	35.4 bp −$354	149.2 bp −$14.9K	doesn't fit
Sell Deribit live order book, 27 min ago	4.74 bp	18.2 bp −$18	22.6 bp −$226	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	−0.0543%	4h	328.72	−0.100%	$35K	$345K	10x	as long as short
BloFin ARM-USDT	−0.0016%	8h	329.06	+0.004%	$127K	$48K	20x	as long as short
Coinbase International ARM-PERP-INTX	−0.0008%	1h	328.97	−0.023%	$101K	$293K	10x	as long as short
Aster ARMUSDT	0.0000%	8h	328.93	−0.037%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	329.03	−0.005%	$2.0M	$2.2M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	329.07	+0.007%	$1.7M	$6.7M	20x	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	329.02	−0.009%	$480	$187K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	328.74	−0.093%	$957	$2.7M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	328.55	−0.151%	$18K	$16K	20x	as long as short
QFEX ARM-USD	+0.0011%	1h	328.95	−0.029%	$1.1M	$4.3M	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter ARM	+0.0032%	1h	328.78	−0.081%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	329.13	+0.026%	—	—	10x	as long as short
Variational Omni ARM	+0.0048%	8h	328.79	−0.079%	$213K	$322K	—	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	329.00	−0.014%	$381K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	329.02	−0.008%	$202K	$406K	10x	as long as short
tradeXYZ xyz:ARM	+0.0051%	1h	329.06	+0.004%	$8.3M	$8.8M	10x	as long as short
Gate ARM_USDT	+0.0115%	8h	329.29	+0.074%	$1.4M	$4.2M	50x	as long as short
Phoenix ARM	+0.0122%	1h	328.96	−0.026%	$5K	$434K	10x	as long as short
Binance ARMUSDTlong	+0.0150%	8h	329.05	long leg	$8.7M	$50.0M	20x
Extended ARM-USD	+0.0152%	1h	328.96	−0.026%	$36K	$272K	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	332.09	+0.925%	$5K	$50K	12x	as long as short
Bitget ARMUSDT	+0.0284%	8h	329.12	+0.023%	$1.8M	$3.8M	20x	as long as short
Deribit ARM_USDC-PERPETUALshort	+0.0419%	1h	329.03	−0.005%	$12K	$125K	10x
KuCoin ARMUSDTM	+0.0670%	8h	329.09	+0.013%	$2.4M	$119K	20x	as long as short