Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0918%/8h= −100.5% APRpaid last 24h +0.065%

Price spread now: QFEX against edgeX−0.508%117s7-day average −0.005% · 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−$380.382% of the position

Long on edgeX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.030%+$3 on $10k

Price spread, last 4 days (all we have)+0.540%+$54 · spread now −0.508%, 7d avg −0.005%

Together, before fees+0.569%+ Points / potential airdropedgeX: Active · farm board+$57 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and QFEX is 0.503% cheaper against edgeX than usual: you would sell low and buy high (−$50 if the spread goes back to its 7-day average of −0.005%). Swap the legs. The two prices were read 117 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.030% in total (about 2.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ARMUSDC	321.52	0.0945	pay 0.0473% / 4h	49m 33s	$35K	$362K	10x
Short	QFEX ARM-USD	319.89	0.0027	get 0.0003% / 1h	49m 33s	$1.1M	$3.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against edgeX. 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 edgeXbpFee QFEXbpOrdersPrice spread, now −0.508%Rate

Funding earned: −$192.83
Price spread: −0.508% → −0.005%: −$50.29
Slippage, 4 orders: −$19.16
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$281.28
Costs to cover: 0.382%
Break-even: never at this rate

Slippage from edgeX: live order book, 57 min ago; QFEX: live order book, 7 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 edgeX live order book, 57 min ago	4.82 bp	15.0 bp −$15	89.7 bp −$897	doesn't fit	doesn't fit
Sell QFEX live order book, 7 min ago	1.40 bp	6.6 bp −$7	14.5 bp −$145	doesn't fit	doesn't fit

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
Deribit ARM_USDC-PERPETUAL	−0.0218%	1h	320.60	−0.287%	$12K	$53K	10x	as long as short
Aster ARMUSDT	0.0000%	8h	320.69	−0.260%	$7K	$126K	20x	as long as short
Extended ARM-USD	0.0000%	1h	320.10	−0.441%	$33K	$325K	10x	as long as short
Binance ARMUSDT	0.0000%	8h	320.22	−0.404%	$8.1M	$50.7M	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	320.32	−0.374%	$1.9M	$2.1M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	319.91	−0.502%	$1.7M	$6.3M	20x	as long as short
Gate ARM_USDT	0.0000%	8h	320.21	−0.408%	$1.4M	$3.9M	50x	as long as short
Bitget ARMUSDT	0.0000%	8h	320.24	−0.399%	$1.7M	$4.2M	20x	as long as short
Variational Omni ARM	0.0000%	8h	321.12	−0.125%	$186K	$219K	—	as long as short
SunX ARM-USDT	0.0000%	8h	321.55	+0.008%	$1K	$2.0M	10x	as long as short

Show all 24 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ARM-USDT	0.0000%	8h	321.31	−0.066%	$18K	$10K	20x	as long as short
BloFin ARM-USDT	+0.0009%	8h	321.23	−0.091%	$128K	$58K	20x	as long as short
QFEX ARM-USDshort	+0.0027%	1h	319.89	−0.508%	$1.1M	$3.3M	10x
Lighter ARM	+0.0032%	1h	320.07	−0.452%	—	—	10x	as long as short
Injective ARM/USDC PERP	+0.0033%	1h	322.26	+0.229%	$3K	$60K	12x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	321.47	−0.017%	—	—	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	321.36	−0.051%	$362K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	320.98	−0.169%	$183K	$440K	10x	as long as short
Coinbase International ARM-PERP-INTX	+0.0056%	1h	320.48	−0.324%	$94K	$275K	10x	as long as short
tradeXYZ xyz:ARM	+0.0114%	1h	319.72	−0.561%	$8.2M	$8.6M	10x	as long as short
Phoenix ARM	+0.0149%	1h	321.74	+0.067%	$8K	$424K	10x	as long as short
KuCoin ARMUSDTM	+0.0191%	8h	320.50	−0.318%	$2.3M	$332K	20x	as long as short
GRVT ARM_USDT_Perp	+0.0299%	8h	321.77	+0.076%	$489	$262K	10x	as long as short
edgeX ARMUSDClong	+0.0945%	4h	321.52	long leg	$35K	$362K	10x