Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0958%/8h= −104.9% APRpaid last 24h −0.048%

Price spread now: Binance against Deribit−0.080%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$450.449% of the position

Long on Deribit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.100%−$10 on $10k

Price spread, last 2 days (all we have)+0.107%+$11 · spread now −0.080%, 7d avg +0.002%

Together, before fees+0.007%+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Binance is 0.082% cheaper against Deribit than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.002%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.100% in total (about -10.0% 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	Deribit ARM_USDC-PERPETUAL	326.55	0.1314	pay 0.0164% / 1h	57m 56s	$12K	$127K	10x
Short	Binance ARMUSDT	326.29	0.0356	get 0.0356% / 8h	7h 57m	$8.7M	$50.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Deribit. 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 DeribitbpFee BinancebpOrdersPrice spread, now −0.080%Rate

Funding earned: −$201.19
Price spread: −0.080% → +0.002%: −$8.21
Slippage, 4 orders: −$27.86
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$254.26
Costs to cover: 0.449%
Break-even: never at this rate

Slippage from Deribit: live order book, 15 min ago; Binance: live order book, 14 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 Deribit live order book, 15 min ago	0.15 bp	14.1 bp −$14	19.3 bp −$193	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.77 bp	8.6 bp −$9	27.2 bp −$272	98.4 bp −$9,836	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	−0.0900%	4h	325.61	−0.289%	$35K	$352K	10x	as long as short
BloFin ARM-USDT	−0.0005%	8h	325.23	−0.404%	$124K	$45K	20x	as long as short
Aster ARMUSDT	0.0000%	8h	326.40	−0.045%	$7K	$126K	20x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	326.23	−0.098%	$1.7M	$6.6M	20x	as long as short
Bitget ARMUSDT	0.0000%	8h	325.97	−0.178%	$1.8M	$4.0M	20x	as long as short
SunX ARM-USDT	0.0000%	8h	326.04	−0.156%	$1K	$3.1M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	326.03	−0.159%	$18K	$17K	20x	as long as short
QFEX ARM-USD	+0.0026%	1h	326.48	−0.021%	$1.1M	$4.8M	10x	as long as short
Lighter ARM	+0.0032%	1h	326.00	−0.168%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	326.13	−0.129%	—	—	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-INTX	+0.0048%	1h	325.94	−0.187%	$89K	$286K	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	330.15	+1.102%	$5K	$50K	12x	as long as short
Variational Omni ARM	+0.0233%	8h	325.64	−0.280%	$213K	$523K	—	as long as short
Phoenix ARM	+0.0271%	1h	325.89	−0.202%	$5K	$460K	10x	as long as short
Binance ARMUSDTshort	+0.0356%	8h	326.29	−0.080%	$8.7M	$50.8M	20x
Extended ARM-USD	+0.0360%	1h	326.15	−0.122%	$39K	$188K	10x	as long as short
GRVT ARM_USDT_Perp	+0.0384%	8h	325.77	−0.240%	$577	$199K	10x	as long as short
Ondo Perps ARM-USD.P	+0.0546%	1h	325.01	−0.472%	$208K	$563K	10x	as long as short
Gate ARM_USDT	+0.0685%	8h	326.42	−0.040%	$1.5M	$4.0M	50x	as long as short
KuCoin ARMUSDTM	+0.0728%	8h	326.21	−0.104%	$2.3M	$120K	20x	as long as short
Polymarket Perps ARM-USD	+0.0988%	1h	325.49	−0.325%	$382K	$1.7M	10x	as long as short
Deribit ARM_USDC-PERPETUALlong	+0.1314%	1h	326.55	long leg	$12K	$127K	10x
tradeXYZ xyz:ARM	+0.1331%	1h	325.60	−0.291%	$8.0M	$9.7M	10x	as long as short
Bybit ARMUSDT	+0.1895%	8h	326.34	−0.064%	$2.0M	$2.2M	25x	as long as short