Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0105%/8h= +11.5% APRpaid last 24h +0.069%

Price spread now: KuCoin against Coinbase International−0.160%51s7-day average +0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$247as 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−$2522.517% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 4 days (all we have)+0.379%+$38 · spread now −0.160%, 7d avg +0.033%

Together, before fees+0.431%+$43 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.193% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.160% now, against its 7-day average of +0.033%). If the spread goes back, that is −$19 on $10k: about 6.1 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.052% in total) that is about 26 days. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ARM-PERP-INTX	324.44	0.0128	pay 0.0016% / 1h	47m 24s	$95K	$306K	10x
Short	KuCoin ARMUSDTM	323.92	0.0233	get 0.0233% / 8h	3h 47m	$2.3M	$119K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.160%Rate

Funding earned: $22.05
Price spread: −0.160% → +0.033%: −$19.35
Slippage, 4 orders: −$229.69
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$248.99
Costs to cover: 2.517%
Break-even: 86.0 days

Slippage from Coinbase International: live order book, 6 min ago; KuCoin: 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, 6 min ago	7.08 bp	13.4 bp −$13	22.2 bp −$222	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	5.55 bp	111.8 bp −$112	doesn't fit	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
Aster ARMUSDT	0.0000%	8h	324.20	−0.074%	$7K	$126K	20x	as long as short
Extended ARM-USD	0.0000%	1h	323.79	−0.199%	$40K	$271K	10x	as long as short
Binance ARMUSDT	0.0000%	8h	323.81	−0.193%	$8.4M	$50.4M	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	323.77	−0.207%	$1.9M	$2.2M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	323.61	−0.256%	$1.6M	$6.7M	20x	as long as short
Bitget ARMUSDT	0.0000%	8h	323.88	−0.173%	$1.8M	$3.9M	20x	as long as short
Variational Omni ARM	0.0000%	8h	324.13	−0.095%	$211K	$295K	—	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	323.30	−0.352%	$375	$207K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	323.67	−0.237%	$1K	$2.7M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	323.39	−0.324%	$18K	$16K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ARM_USDT	+0.0008%	8h	323.93	−0.157%	$1.5M	$4.3M	50x	as long as short
QFEX ARM-USD	+0.0014%	1h	323.75	−0.213%	$1.1M	$3.8M	10x	as long as short
BloFin ARM-USDT	+0.0020%	8h	323.12	−0.407%	$126K	$49K	20x	as long as short
Lighter ARM	+0.0032%	1h	323.69	−0.231%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	323.77	−0.207%	—	—	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	323.73	−0.219%	$375K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	323.10	−0.413%	$190K	$412K	10x	as long as short
tradeXYZ xyz:ARM	+0.0053%	1h	323.77	−0.207%	$8.1M	$8.8M	10x	as long as short
Phoenix ARM	+0.0123%	1h	323.45	−0.305%	$5K	$446K	10x	as long as short
Coinbase International ARM-PERP-INTXlong	+0.0128%	1h	324.44	long leg	$95K	$306K	10x
Injective ARM/USDC PERP	+0.0220%	1h	330.24	+1.788%	$5K	$50K	12x	as long as short
KuCoin ARMUSDTMshort	+0.0233%	8h	323.92	−0.160%	$2.3M	$119K	20x
edgeX ARMUSDC	+0.0776%	4h	323.16	−0.394%	$34K	$350K	10x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.1081%	1h	323.45	−0.305%	$12K	$59K	10x	as long as short