Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0121%/8h= −13.2% APRpaid last 24h −0.017%

Price spread now: KuCoin against Deribit−0.046%53s7-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—prices read too far apart to compare

costs, in and out, $10k−$2552.554% of the position

Long on Deribit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.006%+$1 on $10k

Price spread, last 4 days (all we have)+0.383%+$38 · spread now −0.046%, 7d avg −0.002%

Together, before fees+0.389%+$39 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.043% cheaper against Deribit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.002%). Swap the legs. The two prices were read 53 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	Deribit ARM_USDC-PERPETUAL	329.19	0.0693	pay 0.0087% / 1h	6m 29s	$12K	$125K	10x
Short	KuCoin ARMUSDTM	329.04	0.0572	get 0.0572% / 8h	5h 06m	$2.4M	$118K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$25.32
Price spread: −0.046% → −0.002%: −$4.32
Slippage, 4 orders: −$236.35
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$285
Costs to cover: 2.554%
Break-even: never at this rate

Slippage from Deribit: live order book, 57 min ago; KuCoin: live order book, 10 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, 57 min ago	4.74 bp	10.4 bp −$10	12.8 bp −$128	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	7.14 bp	136.7 bp −$137	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
edgeX ARMUSDC	−0.0056%	4h	328.88	−0.094%	$35K	$347K	10x	as long as short
Coinbase International ARM-PERP-INTX	−0.0008%	1h	328.91	−0.085%	$102K	$292K	10x	as long as short
BloFin ARM-USDT	−0.0001%	8h	329.10	−0.027%	$128K	$48K	20x	as long as short
Aster ARMUSDT	0.0000%	8h	328.94	−0.077%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	328.99	−0.061%	$2.0M	$2.1M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	329.10	−0.027%	$1.7M	$6.7M	20x	as long as short
Variational Omni ARM	0.0000%	8h	328.76	−0.132%	$213K	$316K	—	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	328.89	−0.091%	$727	$192K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	328.81	−0.115%	$963	$2.7M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	328.80	−0.118%	$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
QFEX ARM-USD	+0.0011%	1h	328.93	−0.079%	$1.1M	$4.1M	10x	as long as short
Lighter ARM	+0.0032%	1h	328.69	−0.152%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	329.09	−0.030%	—	—	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	328.96	−0.070%	$381K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	328.92	−0.082%	$203K	$403K	10x	as long as short
Binance ARMUSDT	+0.0087%	8h	329.02	−0.053%	$8.7M	$49.9M	20x	as long as short
Extended ARM-USD	+0.0088%	1h	328.93	−0.078%	$36K	$268K	10x	as long as short
Phoenix ARM	+0.0122%	1h	329.15	−0.012%	$5K	$434K	10x	as long as short
Gate ARM_USDT	+0.0129%	8h	329.29	+0.030%	$1.5M	$4.3M	50x	as long as short
tradeXYZ xyz:ARM	+0.0134%	1h	329.00	−0.058%	$8.3M	$8.7M	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	332.31	+0.948%	$5K	$50K	12x	as long as short
Bitget ARMUSDT	+0.0285%	8h	329.06	−0.039%	$1.8M	$3.8M	20x	as long as short
KuCoin ARMUSDTMshort	+0.0572%	8h	329.04	−0.046%	$2.4M	$118K	20x
Deribit ARM_USDC-PERPETUALlong	+0.0693%	1h	329.19	long leg	$12K	$125K	10x