Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0545%/8h= −59.7% APRpaid last 24h −0.121%

Price spread now: SunX against Deribit+0.040%7-day average −0.023% · you sell dearer than you buy

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

Long on Deribit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.175%−$18 on $10k

Price spread, last 3 days (all we have)−0.040%−$4 · spread now +0.040%, 7d avg −0.023%

Together, before fees−0.216%−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.062% dearer against Deribit than usual: you sell high and buy low (spread +0.040% now, against its 7-day average of −0.023%): +$6 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 4 days (−0.175% in total) that is about 32 hours.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.175% in total (about -17.1% 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	327.31	0.0545	pay 0.0068% / 1h	58m 57s	$12K	$125K	10x
Short	SunX ARM-USDT	327.44	0	get 0.0000% / 8h	5h 58m	$940	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$114.44
Price spread: +0.040% → −0.023%: $6.23
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$123.21
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 4 min ago; SunX: live order book, 9 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 live order book, 4 min ago	4.74 bp	10.4 bp −$10	12.8 bp −$128	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	500.22 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

ARM on 23 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
Coinbase International ARM-PERP-INTX	−0.0008%	1h	327.41	+0.031%	$101K	$291K	10x	as long as short
Aster ARMUSDT	0.0000%	8h	327.30	−0.004%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	327.40	+0.027%	$2.0M	$2.2M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	327.28	−0.009%	$1.7M	$6.6M	20x	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	327.21	−0.031%	$1K	$186K	10x	as long as short
SunX ARM-USDTshort	0.0000%	8h	327.44	+0.040%	$940	$2.8M	10x
HTX ARM-USDT	0.0000%	8h	326.67	−0.196%	$18K	$16K	20x	as long as short
QFEX ARM-USD	+0.0015%	1h	326.84	−0.144%	$1.1M	$4.4M	10x	as long as short
Lighter ARM	+0.0032%	1h	327.04	−0.082%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	327.17	−0.043%	—	—	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ARM	+0.0050%	1h	327.26	−0.015%	$8.3M	$8.8M	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	326.90	−0.125%	$379K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	327.16	−0.046%	$202K	$404K	10x	as long as short
Variational Omni ARM	+0.0090%	8h	327.34	+0.010%	$213K	$327K	—	as long as short
Gate ARM_USDT	+0.0116%	8h	327.51	+0.061%	$1.4M	$4.2M	50x	as long as short
Phoenix ARM	+0.0121%	1h	327.57	+0.079%	$5K	$424K	10x	as long as short
Binance ARMUSDT	+0.0200%	8h	327.45	+0.043%	$8.6M	$50.3M	20x	as long as short
Extended ARM-USD	+0.0200%	1h	327.37	+0.019%	$36K	$273K	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	332.02	+1.439%	$5K	$50K	12x	as long as short
Bitget ARMUSDT	+0.0250%	8h	327.70	+0.119%	$1.8M	$3.8M	20x	as long as short
edgeX ARMUSDC	+0.0534%	4h	327.32	+0.002%	$35K	$347K	10x	as long as short
Deribit ARM_USDC-PERPETUALlong	+0.0545%	1h	327.31	long leg	$12K	$125K	10x
KuCoin ARMUSDTM	+0.0719%	8h	327.53	+0.067%	$2.3M	$119K	20x	as long as short