Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0583%/8h= −63.8% APRpaid last 24h −0.010%

Price spread now: edgeX against Bitget−0.021%94s7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$490.493% of the position

Long on Bitget Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.114%−$11 on $10k

Price spread, last 3 days (all we have)−0.015%−$2 · spread now −0.021%, 7d avg −0.022%

Together, before fees−0.129%+ Points / potential airdropedgeX: Active · farm board−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.022%, so right now this pair is about funding alone: −$17 a day on $10k at the current rate. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.114% in total (about -5.9% 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	Bitget ARMUSDT	325.80	0	get 0.0000% / 8h	2m 07s	$1.8M	$4.2M	20x
Short	edgeX ARMUSDC	325.73	−0.0583	pay 0.0292% / 4h	2m 07s	$35K	$351K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$122.43
Price spread: −0.021% → −0.022%: $0.07
Slippage, 4 orders: −$28.32
Fee Bitget: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$171.68
Costs to cover: 0.493%
Break-even: never at this rate

Slippage from Bitget: live order book, 6 min ago; edgeX: live order book, 11 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, 6 min ago	3.84 bp	19.9 bp −$20	27.0 bp −$270	70.3 bp −$7,029	doesn't fit
Sell edgeX live order book, 11 min ago	1.38 bp	6.4 bp −$6	80.9 bp −$809	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 ARMUSDCshort	−0.0583%	4h	325.73	−0.021%	$35K	$351K	10x
Aster ARMUSDT	0.0000%	8h	325.54	−0.079%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	325.87	+0.021%	$2.0M	$2.4M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	325.72	−0.025%	$1.7M	$6.7M	20x	as long as short
Bitget ARMUSDTlong	0.0000%	8h	325.80	long leg	$1.8M	$4.2M	20x
SunX ARM-USDT	0.0000%	8h	325.50	−0.092%	$1K	$3.1M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	325.63	−0.052%	$18K	$17K	20x	as long as short
Coinbase International ARM-PERP-INTX	+0.0016%	1h	325.94	+0.043%	$89K	$286K	10x	as long as short
BloFin ARM-USDT	+0.0028%	8h	325.86	+0.018%	$124K	$45K	20x	as long as short
Lighter ARM	+0.0032%	1h	325.50	−0.092%	—	—	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX ARM-USD	+0.0033%	1h	325.76	−0.012%	$1.1M	$4.8M	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	325.95	+0.046%	—	—	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	325.99	+0.058%	$382K	$2.1M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	325.72	−0.025%	$208K	$551K	10x	as long as short
Gate ARM_USDT	+0.0077%	8h	326.08	+0.086%	$1.5M	$4.2M	50x	as long as short
tradeXYZ xyz:ARM	+0.0129%	1h	325.87	+0.021%	$8.0M	$9.6M	10x	as long as short
Variational Omni ARM	+0.0215%	8h	325.71	−0.029%	$213K	$523K	—	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	330.15	+1.335%	$5K	$52K	12x	as long as short
Phoenix ARM	+0.0271%	1h	325.87	+0.021%	$5K	$460K	10x	as long as short
Binance ARMUSDT	+0.0349%	8h	325.89	+0.028%	$8.7M	$50.8M	20x	as long as short
Extended ARM-USD	+0.0352%	1h	325.81	+0.002%	$39K	$188K	10x	as long as short
GRVT ARM_USDT_Perp	+0.0373%	8h	325.92	+0.036%	$577	$199K	10x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0487%	1h	325.87	+0.021%	$12K	$128K	10x	as long as short
KuCoin ARMUSDTM	+0.0709%	8h	326.17	+0.114%	$2.3M	$119K	20x	as long as short