Settings8H · net · $10k
Funding arb · Price arb /

ARM

RWAall ARM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h +0.019%
Price spread now: Coinbase International against Extended−0.054%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$570.572% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.210%+$21 on $10k
Price spread, last 3 days (all we have)−0.151%−$15 · spread now −0.054%, 7d avg −0.023%
Together, before fees+0.059%+ Points / potential airdropExtended: Active · farm board+$6 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.031% cheaper against Extended than usual: you would sell low and buy high (spread −0.054% now, against its 7-day average of −0.023%). If the spread goes back, that is −$3 on $10k: about 4.3 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.210% in total) that is about 25 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ARM-USD323.010get 0.0000% / 1h22m 26s$39K$188K10x
ShortCoinbase International ARM-PERP-INTX322.840.0024get 0.0003% / 1h22m 26s$91K$278K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Extended. 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

Funding earned
$5.04
Price spread: −0.054% → −0.023%
−$3.08
Slippage, 4 orders
−$42.24
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$55.28
Costs to cover
0.572%
Break-even
83.8 days
Slippage from Extended: live order book, 64 min ago; Coinbase International: live order book, just now.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 64 min ago2.48 bp14.3 bp −$14167.0 bp −$1,670doesn't fitdoesn't fit
Sell Coinbase International live order book, just now8.52 bp14.2 bp −$1422.2 bp −$222doesn't fitdoesn't fit

ARM on 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ARMUSDT0.0000%8h322.62−0.123%$7K$126K20xas long as short
Extended ARM-USDlong0.0000%1h323.01long leg$39K$188K10x
Binance ARMUSDT0.0000%8h323.13+0.036%$8.5M$51.0M20xas long as short
Bybit ARMUSDT0.0000%8h322.75−0.081%$2.0M$2.6M25xas long as short
OKX ARM-USDT-SWAP0.0000%8h322.95−0.019%$1.6M$6.7M20xas long as short
Gate ARM_USDT0.0000%8h323.12+0.033%$1.5M$4.0M50xas long as short
Bitget ARMUSDT0.0000%8h322.93−0.026%$1.7M$4.2M20xas long as short
Variational Omni ARM0.0000%8h322.94−0.021%$276K$460Kas long as short
GRVT ARM_USDT_Perp0.0000%8h322.96−0.015%$853$215K10xas long as short
SunX ARM-USDT0.0000%8h322.68−0.103%$1K$3.2M10xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ARM-USDT0.0000%8h323.09+0.024%$18K$16K20xas long as short
BloFin ARM-USDT+0.0022%8h322.97−0.013%$122K$43K20xas long as short
Coinbase International ARM-PERP-INTXshort+0.0024%1h322.84−0.054%$91K$278K10x
Lighter ARM+0.0032%1h322.70−0.097%10xas long as short
QFEX ARM-USD+0.0035%1h323.02+0.002%$1.1M$4.6M10xas long as short
Vest ARM-USD-PERP+0.0046%1h322.99−0.007%10xas long as short
Polymarket Perps ARM-USD+0.0050%1h322.98−0.010%$377K$1.4M10xas long as short
Ondo Perps ARM-USD.P+0.0050%1h322.58−0.134%$210K$549K10xas long as short
tradeXYZ xyz:ARM+0.0064%1h322.94−0.023%$7.6M$9.8M10xas long as short
KuCoin ARMUSDTM+0.0100%8h323.47+0.142%$2.3M$117K20xas long as short
Phoenix ARM+0.0149%1h322.83−0.057%$5K$460K10xas long as short
Injective ARM/USDC PERP+0.0220%1h325.90+0.894%$5K$52K12xas long as short
Deribit ARM_USDC-PERPETUAL+0.0401%1h323.01−0.001%$12K$144K10xas long as short
edgeX ARMUSDC+0.0896%4h322.96−0.015%$34K$346K10xas long as short