Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0797%/8h= +87.3% APRpaid last 24h +0.001%

Price spread now: Bitget against Coinbase International+0.091%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

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

costs, in and out, $10k−$550.554% of the position

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 3 days (all we have)+0.034%+$3 · spread now +0.091%, 7d avg +0.050%

Together, before fees+0.014%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Bitget is 0.041% dearer against Coinbase International than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.050%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.020% in total (about -1.1% 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	Coinbase International ARM-PERP-INTX	329.87	0.0048	pay 0.0006% / 1h	13m 40s	$90K	$287K	10x
Short	Bitget ARMUSDT	330.17	0.0845	get 0.0845% / 8h	7h 13m	$1.8M	$3.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Coinbase International. 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 Coinbase InternationalbpFee BitgetbpOrdersPrice spread, now +0.091%Rate

Funding earned: $167.37
Price spread: +0.091% → +0.050%: $4.12
Slippage, 4 orders: −$33.37
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $116.12
Costs to cover: 0.554%
Break-even: 2.1 days

Slippage from Coinbase International: live order book, 59 min ago; Bitget: live order book, 4 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 Coinbase International live order book, 59 min ago	3.38 bp	10.0 bp −$10	19.8 bp −$198	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	2.87 bp	18.6 bp −$19	29.1 bp −$291	77.9 bp −$7,795	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	−0.0743%	4h	330.59	+0.218%	$35K	$354K	10x	as long as short
Aster ARMUSDT	0.0000%	8h	330.20	+0.099%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	330.64	+0.233%	$2.0M	$2.1M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	330.74	+0.264%	$1.7M	$6.7M	20x	as long as short
SunX ARM-USDT	0.0000%	8h	329.72	−0.045%	$913	$3.0M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	330.20	+0.100%	$18K	$16K	20x	as long as short
BloFin ARM-USDT	+0.0002%	8h	330.45	+0.176%	$127K	$46K	20x	as long as short
QFEX ARM-USD	+0.0026%	1h	329.68	−0.058%	$1.1M	$4.6M	10x	as long as short
Lighter ARM	+0.0032%	1h	330.52	+0.197%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	330.18	+0.094%	—	—	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International ARM-PERP-INTXlong	+0.0048%	1h	329.87	long leg	$90K	$287K	10x
Ondo Perps ARM-USD.P	+0.0050%	1h	330.28	+0.124%	$204K	$527K	10x	as long as short
Polymarket Perps ARM-USD	+0.0095%	1h	329.80	−0.021%	$382K	$1.3M	10x	as long as short
GRVT ARM_USDT_Perp	+0.0099%	8h	330.56	+0.209%	$506	$189K	10x	as long as short
tradeXYZ xyz:ARM	+0.0124%	1h	330.56	+0.209%	$8.4M	$8.9M	10x	as long as short
Phoenix ARM	+0.0197%	1h	330.46	+0.179%	$5K	$460K	10x	as long as short
Variational Omni ARM	+0.0206%	8h	330.42	+0.168%	$214K	$526K	—	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	333.61	+1.134%	$5K	$50K	12x	as long as short
Gate ARM_USDT	+0.0287%	8h	330.88	+0.306%	$1.5M	$4.1M	50x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0325%	1h	330.43	+0.170%	$12K	$125K	10x	as long as short
Binance ARMUSDT	+0.0352%	8h	330.75	+0.267%	$8.9M	$50.4M	20x	as long as short
Extended ARM-USD	+0.0352%	1h	330.71	+0.254%	$38K	$273K	10x	as long as short
KuCoin ARMUSDTM	+0.0802%	8h	330.93	+0.321%	$2.4M	$116K	20x	as long as short
Bitget ARMUSDTshort	+0.0845%	8h	330.17	+0.091%	$1.8M	$3.9M	20x