Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0183%/8h= −20.1% APRpaid last 24h +0.066%

Price spread now: Deribit against Bitget+0.021%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$540.540% of the position

Long on Bitget Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.107%+$11 on $10k

Price spread, last 4 days (all we have)−0.297%−$30 · spread now +0.021%, 7d avg −0.013%

Together, before fees−0.191%−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.034% dearer against Bitget than usual: you sell high and buy low (spread +0.021% now, against its 7-day average of −0.013%): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 15 hours. Mind the row above: over the last 4 days funding on this pair paid +0.107%, 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	Bitget ARMUSDT	328.75	0.0268	pay 0.0268% / 8h	5h 40m	$1.8M	$3.8M	20x
Short	Deribit ARM_USDC-PERPETUAL	328.82	0.0085	get 0.0011% / 1h	40m 52s	$12K	$125K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bitget. 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 BitgetbpFee DeribitbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$38.51
Price spread: +0.021% → −0.013%: $3.43
Slippage, 4 orders: −$34.96
Fee Bitget: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$89.03
Costs to cover: 0.540%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Deribit: live order book, 22 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 Bitget live order book, 2 min ago	3.80 bp	10.5 bp −$11	30.9 bp −$309	72.3 bp −$7,228	doesn't fit
Sell Deribit live order book, 22 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
Coinbase International ARM-PERP-INTX	−0.0008%	1h	328.97	+0.067%	$101K	$293K	10x	as long as short
Aster ARMUSDT	0.0000%	8h	328.72	−0.008%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	328.98	+0.070%	$2.0M	$2.2M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	328.71	−0.012%	$1.7M	$6.6M	20x	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	329.08	+0.100%	$826	$186K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	328.38	−0.113%	$956	$2.7M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	329.20	+0.137%	$18K	$16K	20x	as long as short
BloFin ARM-USDT	+0.0005%	8h	329.11	+0.110%	$127K	$48K	20x	as long as short
QFEX ARM-USD	+0.0011%	1h	328.73	−0.006%	$1.1M	$4.3M	10x	as long as short
Lighter ARM	+0.0032%	1h	328.68	−0.021%	—	—	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest ARM-USD-PERP	+0.0046%	1h	328.96	+0.064%	—	—	10x	as long as short
Variational Omni ARM	+0.0048%	8h	328.79	+0.011%	$213K	$322K	—	as long as short
tradeXYZ xyz:ARM	+0.0050%	1h	328.70	−0.015%	$8.3M	$8.8M	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	328.77	+0.006%	$381K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	329.02	+0.082%	$202K	$406K	10x	as long as short
Deribit ARM_USDC-PERPETUALshort	+0.0085%	1h	328.82	+0.021%	$12K	$125K	10x
Gate ARM_USDT	+0.0114%	8h	328.89	+0.043%	$1.4M	$4.2M	50x	as long as short
Phoenix ARM	+0.0122%	1h	328.94	+0.058%	$5K	$434K	10x	as long as short
Binance ARMUSDT	+0.0159%	8h	328.77	+0.006%	$8.6M	$50.1M	20x	as long as short
Extended ARM-USD	+0.0160%	1h	328.68	−0.022%	$36K	$272K	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	330.57	+0.554%	$5K	$50K	12x	as long as short
Bitget ARMUSDTlong	+0.0268%	8h	328.75	long leg	$1.8M	$3.8M	20x
edgeX ARMUSDC	+0.0351%	4h	329.09	+0.103%	$35K	$345K	10x	as long as short
KuCoin ARMUSDTM	+0.0684%	8h	328.87	+0.037%	$2.4M	$119K	20x	as long as short