Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.033%

Price spread now: Bybit against Coinbase International+0.155%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$640.637% of the position

Long on Coinbase International Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.213%−$21 on $10k

Price spread, last 3 days (all we have)−0.022%−$2 · spread now +0.155%, 7d avg +0.045%

Together, before fees−0.235%−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.109% dearer against Coinbase International than usual: you sell high and buy low (spread +0.155% now, against its 7-day average of +0.045%): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.6 days. At the pace of the last 7 days (−0.213% in total) that is about 3.6 days.

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	10m 57s	$90K	$285K	10x
Short	Bybit ARMUSDT	330.38	0	get 0.0000% / 8h	7h 10m	$2.0M	$2.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.155%Rate

Funding earned: −$10.08
Price spread: +0.155% → +0.045%: $10.94
Slippage, 4 orders: −$42.72
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$62.86
Costs to cover: 0.637%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 62 min ago; Bybit: 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 Coinbase International live order book, 62 min ago	3.38 bp	10.0 bp −$10	19.8 bp −$198	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	5.91 bp	23.4 bp −$23	83.3 bp −$833	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
BloFin ARM-USDT	−0.0007%	8h	329.99	+0.036%	$127K	$46K	20x	as long as short
Aster ARMUSDT	0.0000%	8h	329.81	−0.019%	$7K	$126K	20x	as long as short
Bybit ARMUSDTshort	0.0000%	8h	330.38	+0.155%	$2.0M	$2.2M	25x
OKX ARM-USDT-SWAP	0.0000%	8h	330.42	+0.167%	$1.7M	$6.7M	20x	as long as short
SunX ARM-USDT	0.0000%	8h	329.62	−0.076%	$923	$3.0M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	330.20	+0.100%	$18K	$16K	20x	as long as short
QFEX ARM-USD	+0.0026%	1h	330.18	+0.094%	$1.1M	$4.6M	10x	as long as short
Lighter ARM	+0.0032%	1h	329.90	+0.009%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	330.40	+0.161%	—	—	10x	as long as short
Coinbase International ARM-PERP-INTXlong	+0.0048%	1h	329.87	long leg	$90K	$285K	10x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ARM-USD.P	+0.0050%	1h	330.80	+0.282%	$204K	$528K	10x	as long as short
Polymarket Perps ARM-USD	+0.0079%	1h	329.92	+0.015%	$382K	$1.3M	10x	as long as short
tradeXYZ xyz:ARM	+0.0112%	1h	330.18	+0.094%	$8.4M	$8.9M	10x	as long as short
GRVT ARM_USDT_Perp	+0.0130%	8h	330.81	+0.284%	$506	$189K	10x	as long as short
Phoenix ARM	+0.0197%	1h	330.46	+0.179%	$5K	$460K	10x	as long as short
Variational Omni ARM	+0.0205%	8h	330.03	+0.047%	$214K	$526K	—	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	333.61	+1.134%	$5K	$50K	12x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0235%	1h	330.05	+0.055%	$12K	$125K	10x	as long as short
Gate ARM_USDT	+0.0282%	8h	330.55	+0.206%	$1.5M	$4.1M	50x	as long as short
edgeX ARMUSDC	+0.0332%	4h	330.23	+0.109%	$35K	$354K	10x	as long as short
Binance ARMUSDT	+0.0351%	8h	330.28	+0.124%	$8.9M	$50.4M	20x	as long as short
Extended ARM-USD	+0.0352%	1h	330.15	+0.086%	$38K	$273K	10x	as long as short
KuCoin ARMUSDTM	+0.0809%	8h	330.56	+0.209%	$2.4M	$116K	20x	as long as short
Bitget ARMUSDT	+0.0864%	8h	330.41	+0.164%	$1.8M	$3.9M	20x	as long as short