Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0625%/8h= −68.4% APRpaid last 24h −0.081%

Price spread now: OKX against Deribit+0.050%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. OKX is 0.050% dearer against Deribit than usual: you sell high and buy low (spread +0.050% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ARM_USDC-PERPETUAL	320.32	0.0625	pay 0.0078% / 1h	18m 07s	$12K	$56K	10x
Short	OKX ARM-USDT-SWAP	320.48	0	get 0.0000% / 8h	6h 18m	$1.6M	$6.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.050%Rate

Funding earned: −$131.23
Price spread: +0.050% → 0.000%: $5
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$143.23
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; OKX: live order book, 3 min ago. Net counts fees only.

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 no order-book sample	—	—	—	—	—
Sell OKX live order book, 3 min ago	2.50 bp	12.1 bp −$12	33.1 bp −$331	doesn't fit	doesn't fit

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ARM on 24 exchanges

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	320.02	−0.094%	$7K	$126K	20x	as long as short
Extended ARM-USD	0.0000%	1h	320.35	+0.009%	$33K	$320K	10x	as long as short
Binance ARMUSDT	0.0000%	8h	320.51	+0.059%	$8.2M	$49.7M	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	320.48	+0.050%	$1.9M	$2.1M	25x	as long as short
OKX ARM-USDT-SWAPshort	0.0000%	8h	320.48	+0.050%	$1.6M	$6.1M	20x
Gate ARM_USDT	0.0000%	8h	320.56	+0.075%	$1.4M	$4.0M	50x	as long as short
Bitget ARMUSDT	0.0000%	8h	320.59	+0.084%	$1.7M	$4.1M	20x	as long as short
Variational Omni ARM	0.0000%	8h	320.50	+0.058%	$185K	$244K	—	as long as short
SunX ARM-USDT	0.0000%	8h	319.71	−0.190%	$1K	$2.1M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	320.28	−0.012%	$18K	$12K	20x	as long as short

Show all 24 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ARM-USDT	+0.0003%	8h	320.40	+0.025%	$124K	$54K	20x	as long as short
Lighter ARM	+0.0032%	1h	320.01	−0.097%	—	—	10x	as long as short
QFEX ARM-USD	+0.0037%	1h	320.23	−0.028%	$1.1M	$3.3M	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	320.38	+0.019%	—	—	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	320.34	+0.006%	$369K	$1.2M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	320.18	−0.044%	$183K	$424K	10x	as long as short
tradeXYZ xyz:ARM	+0.0051%	1h	320.27	−0.016%	$8.1M	$8.5M	10x	as long as short
Coinbase International ARM-PERP-INTX	+0.0120%	1h	320.19	−0.041%	$99K	$273K	10x	as long as short
KuCoin ARMUSDTM	+0.0161%	8h	320.34	+0.006%	$2.3M	$240K	20x	as long as short
Phoenix ARM	+0.0175%	1h	320.22	−0.031%	$5K	$414K	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	324.20	+1.211%	$12K	$51K	12x	as long as short
edgeX ARMUSDC	+0.0318%	4h	320.42	+0.030%	$35K	$361K	10x	as long as short
Deribit ARM_USDC-PERPETUALlong	+0.0625%	1h	320.32	long leg	$12K	$56K	10x
GRVT ARM_USDT_Perp	+0.1031%	8h	320.66	+0.107%	$292	$247K	10x	as long as short