Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.003%

Price spread now: Polymarket Perps against Bybit−0.033%7-day average −0.096% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$510.513% of the position

Long on Bybit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.093%+$9 on $10k

Price spread, last 7 days+0.177%+$18 · spread now −0.033%, 7d avg −0.096%

Together, before fees+0.270%+$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.062% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.096%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARMUSDT	328.96	0	get 0.0000% / 8h	5h 32m	$2.0M	$2.2M	25x
Short	Polymarket Perps ARM-USD	328.85	0.0050	get 0.0006% / 1h	32m 18s	$381K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bybit. 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 BybitbpFee Polymarket PerpsbpOrdersPrice spread, now −0.033%Rate

Funding earned: $10.5
Price spread: −0.033% → −0.096%: $6.25
Slippage, 4 orders: −$32.3
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$34.55
Costs to cover: 0.513%
Break-even: 30.0 days

Slippage from Bybit: live order book, 4 min ago; Polymarket Perps: live order book, 1 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 Bybit live order book, 4 min ago	5.01 bp	19.7 bp −$20	83.9 bp −$839	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 1 min ago	3.19 bp	7.3 bp −$7	7.5 bp −$75	19.4 bp −$1,938	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	−0.0036%	4h	328.82	−0.041%	$35K	$347K	10x	as long as short
Coinbase International ARM-PERP-INTX	−0.0008%	1h	328.97	+0.003%	$101K	$292K	10x	as long as short
Aster ARMUSDT	0.0000%	8h	328.86	−0.030%	$7K	$126K	20x	as long as short
Bybit ARMUSDTlong	0.0000%	8h	328.96	long leg	$2.0M	$2.2M	25x
OKX ARM-USDT-SWAP	0.0000%	8h	329.01	+0.015%	$1.7M	$6.7M	20x	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	328.90	−0.019%	$470	$187K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	328.82	−0.043%	$845	$2.7M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	328.75	−0.064%	$18K	$16K	20x	as long as short
QFEX ARM-USD	+0.0011%	1h	328.86	−0.030%	$1.1M	$4.3M	10x	as long as short
BloFin ARM-USDT	+0.0025%	8h	329.00	+0.012%	$128K	$48K	20x	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	328.64	−0.097%	—	—	10x	as long as short
Variational Omni ARM	+0.0037%	8h	329.02	+0.017%	$214K	$321K	—	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	328.92	−0.012%	—	—	10x	as long as short
Polymarket Perps ARM-USDshort	+0.0050%	1h	328.85	−0.033%	$381K	$1.3M	10x
Ondo Perps ARM-USD.P	+0.0050%	1h	328.91	−0.015%	$202K	$406K	10x	as long as short
tradeXYZ xyz:ARM	+0.0081%	1h	328.88	−0.024%	$8.3M	$8.8M	10x	as long as short
Gate ARM_USDT	+0.0115%	8h	329.13	+0.052%	$1.4M	$4.3M	50x	as long as short
Phoenix ARM	+0.0122%	1h	328.85	−0.033%	$5K	$434K	10x	as long as short
Extended ARM-USD	+0.0136%	1h	328.82	−0.041%	$36K	$272K	10x	as long as short
Binance ARMUSDT	+0.0138%	8h	328.94	−0.006%	$8.6M	$50.0M	20x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	332.09	+0.951%	$5K	$50K	12x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0237%	1h	328.84	−0.036%	$12K	$125K	10x	as long as short
Bitget ARMUSDT	+0.0299%	8h	328.96	0.000%	$1.8M	$3.8M	20x	as long as short
KuCoin ARMUSDTM	+0.0655%	8h	328.97	+0.003%	$2.4M	$119K	20x	as long as short