Settings8H · net · $10k
Funding arb · Price arb /

ARM

RWAall ARM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0245%/8h= +26.8% APRnext payment +$2.45 per $10,000 · paid last 24h +0.041%
Price spread now: GRVT against BloFin+0.330%7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$500.497% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.073%+$7 on $10k
Price spread, last 4 days (all we have)−0.225%−$22 · spread now +0.330%, 7d avg +0.041%
Together, before fees−0.152%+ Points / potential airdropGRVT: Active · farm board−$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and GRVT is 0.289% dearer against BloFin than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of +0.041%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.073% in total (about 3.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.45 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ARM-USDT320.27−0.0011get 0.0011% / 8h4h 48m$128K$58K20x
ShortGRVT ARM_USDT_Perp321.330.0234get 0.0234% / 8h4h 48m$607$262K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT against BloFin. 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

Funding earned
$51.47
Price spread: +0.330% → +0.041%
$28.91
Slippage, 4 orders
−$28.67
Fee BloFin: 6 bp × 2 orders
−$12
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
$30.71
Costs to cover
0.497%
Break-even
2.8 days
Slippage from BloFin: live order book, 48 min ago; GRVT: live order book, 57 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 48 min ago1.87 bp11.6 bp −$12doesn't fitdoesn't fitdoesn't fit
Sell GRVT live order book, 57 min ago1.40 bp13.3 bp −$13doesn't fitdoesn't fitdoesn't fit

ARM on 24 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX ARMUSDC−0.0657%4h321.18+0.283%$35K$363K10xas long as short
BloFin ARM-USDTlong−0.0011%8h320.27long leg$128K$58K20x
Aster ARMUSDT0.0000%8h321.09+0.256%$7K$126K20xas long as short
Extended ARM-USD0.0000%1h320.73+0.143%$31K$330K10xas long as short
Binance ARMUSDT0.0000%8h320.71+0.137%$8.2M$50.8M20xas long as short
Bybit ARMUSDT0.0000%8h320.84+0.178%$1.9M$2.1M25xas long as short
OKX ARM-USDT-SWAP0.0000%8h320.38+0.034%$1.7M$6.3M20xas long as short
Gate ARM_USDT0.0000%8h320.66+0.122%$1.4M$3.9M50xas long as short
Bitget ARMUSDT0.0000%8h320.74+0.147%$1.7M$4.2M20xas long as short
Variational Omni ARM0.0000%8h321.12+0.265%$186K$219Kas long as short
Show all 24 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX ARM-USDT0.0000%8h320.62+0.109%$1K$2.0M10xas long as short
Deribit ARM_USDC-PERPETUAL0.0000%1h320.95+0.212%$12K$52K10xas long as short
HTX ARM-USDT0.0000%8h321.31+0.325%$18K$10K20xas long as short
QFEX ARM-USD+0.0027%1h320.47+0.062%$1.1M$3.3M10xas long as short
Lighter ARM+0.0032%1h321.05+0.244%10xas long as short
Injective ARM/USDC PERP+0.0033%1h322.26+0.621%$3K$60K12xas long as short
Vest ARM-USD-PERP+0.0046%1h320.61+0.106%10xas long as short
Polymarket Perps ARM-USD+0.0050%1h320.51+0.075%$361K$1.3M10xas long as short
Ondo Perps ARM-USD.P+0.0050%1h320.98+0.222%$183K$440K10xas long as short
Coinbase International ARM-PERP-INTX+0.0056%1h320.31+0.012%$94K$275K10xas long as short
tradeXYZ xyz:ARM+0.0133%1h320.65+0.119%$8.2M$8.7M10xas long as short
Phoenix ARM+0.0149%1h321.74+0.459%$8K$424K10xas long as short
KuCoin ARMUSDTM+0.0186%8h320.70+0.134%$2.3M$333K20xas long as short
GRVT ARM_USDT_Perpshort+0.0234%8h321.33+0.330%$607$262K10x