Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h −0.035%

Price spread now: Coinbase International against Gate−0.108%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$580.580% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.204%+$20 on $10k

Price spread, last 3 days (all we have)−0.126%−$13 · spread now −0.108%, 7d avg −0.046%

Together, before fees+0.079%+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.063% cheaper against Gate than usual: you would sell low and buy high (spread −0.108% now, against its 7-day average of −0.046%). If the spread goes back, that is −$6 on $10k: about 8.7 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.204% in total) that is about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ARM_USDT	323.19	0	get 0.0000% / 8h	2h 29m	$1.5M	$4.0M	50x
Short	Coinbase International ARM-PERP-INTX	322.84	0.0024	get 0.0003% / 1h	29m 42s	$91K	$278K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now −0.108%Rate

Funding earned: $5.04
Price spread: −0.108% → −0.046%: −$6.27
Slippage, 4 orders: −$32.96
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$59.19
Costs to cover: 0.580%
Break-even: 89.2 days

Slippage from Gate: live order book, 3 min ago; Coinbase International: live order book, 58 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 Gate live order book, 3 min ago	3.56 bp	14.3 bp −$14	40.1 bp −$401	58.3 bp −$5,828	doesn't fit
Sell Coinbase International live order book, 58 min ago	5.58 bp	10.6 bp −$11	15.6 bp −$156	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
BloFin ARM-USDT	−0.0022%	8h	322.76	−0.133%	$122K	$43K	20x	as long as short
Aster ARMUSDT	0.0000%	8h	322.58	−0.187%	$7K	$126K	20x	as long as short
Extended ARM-USD	0.0000%	1h	323.12	−0.020%	$39K	$188K	10x	as long as short
Binance ARMUSDT	0.0000%	8h	322.99	−0.062%	$8.5M	$51.0M	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	323.01	−0.056%	$2.0M	$2.6M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	323.00	−0.059%	$1.6M	$6.7M	20x	as long as short
Gate ARM_USDTlong	0.0000%	8h	323.19	long leg	$1.5M	$4.0M	50x
Bitget ARMUSDT	0.0000%	8h	323.10	−0.028%	$1.7M	$4.2M	20x	as long as short
Variational Omni ARM	0.0000%	8h	322.89	−0.093%	$276K	$460K	—	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	322.87	−0.099%	$358	$215K	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX ARM-USDT	0.0000%	8h	322.73	−0.142%	$991	$3.2M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	323.16	−0.009%	$18K	$16K	20x	as long as short
Coinbase International ARM-PERP-INTXshort	+0.0024%	1h	322.84	−0.108%	$91K	$278K	10x
Lighter ARM	+0.0032%	1h	322.70	−0.152%	—	—	10x	as long as short
QFEX ARM-USD	+0.0035%	1h	323.04	−0.046%	$1.1M	$4.6M	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	322.96	−0.071%	—	—	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	322.92	−0.084%	$377K	$1.4M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	322.86	−0.102%	$210K	$549K	10x	as long as short
tradeXYZ xyz:ARM	+0.0065%	1h	322.82	−0.114%	$7.6M	$9.8M	10x	as long as short
KuCoin ARMUSDTM	+0.0100%	8h	323.27	+0.025%	$2.3M	$117K	20x	as long as short
Phoenix ARM	+0.0149%	1h	322.76	−0.133%	$5K	$460K	10x	as long as short
edgeX ARMUSDC	+0.0187%	4h	322.88	−0.097%	$34K	$347K	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	325.90	+0.839%	$5K	$52K	12x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0710%	1h	323.10	−0.028%	$12K	$144K	10x	as long as short