Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0131%/8h= −14.3% APRpaid last 24h +0.111%

Price spread now: Deribit against Gate+0.070%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$680.680% of the position

Long on Gate Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.082%+$8 on $10k

Price spread, last 3 days (all we have)−0.141%−$14 · spread now +0.070%, 7d avg −0.005%

Together, before fees−0.059%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.074% dearer against Gate than usual: you sell high and buy low (spread +0.070% now, against its 7-day average of −0.005%): +$7 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 45 hours. Mind the row above: over the last 4 days funding on this pair paid +0.082%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ARM_USDT	330.68	0.0274	pay 0.0274% / 8h	7h 12m	$1.5M	$4.1M	50x
Short	Deribit ARM_USDC-PERPETUAL	330.91	0.0143	get 0.0018% / 1h	12m 36s	$12K	$125K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$27.51
Price spread: +0.070% → −0.005%: $7.43
Slippage, 4 orders: −$46
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$88.08
Costs to cover: 0.680%
Break-even: never at this rate

Slippage from Gate: live order book, 6 min ago; Deribit: live order book, 61 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, 6 min ago	5.14 bp	16.6 bp −$17	40.5 bp −$405	56.4 bp −$5,641	doesn't fit
Sell Deribit live order book, 61 min ago	0.15 bp	13.0 bp −$13	17.1 bp −$171	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
Aster ARMUSDT	0.0000%	8h	330.54	−0.044%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	330.41	−0.082%	$2.0M	$2.1M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	330.42	−0.079%	$1.7M	$6.7M	20x	as long as short
SunX ARM-USDT	0.0000%	8h	329.72	−0.290%	$913	$3.0M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	330.20	−0.145%	$18K	$16K	20x	as long as short
BloFin ARM-USDT	+0.0021%	8h	331.03	+0.106%	$127K	$46K	20x	as long as short
QFEX ARM-USD	+0.0026%	1h	330.25	−0.130%	$1.1M	$4.6M	10x	as long as short
Lighter ARM	+0.0032%	1h	330.31	−0.112%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	330.74	+0.018%	—	—	10x	as long as short
Coinbase International ARM-PERP-INTX	+0.0048%	1h	329.87	−0.245%	$90K	$285K	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ARM-USD.P	+0.0050%	1h	330.80	+0.036%	$204K	$528K	10x	as long as short
Polymarket Perps ARM-USD	+0.0091%	1h	330.76	+0.024%	$383K	$1.3M	10x	as long as short
tradeXYZ xyz:ARM	+0.0121%	1h	330.25	−0.130%	$8.4M	$8.9M	10x	as long as short
GRVT ARM_USDT_Perp	+0.0134%	8h	330.37	−0.093%	$505	$189K	10x	as long as short
Deribit ARM_USDC-PERPETUALshort	+0.0143%	1h	330.91	+0.070%	$12K	$125K	10x
Phoenix ARM	+0.0197%	1h	330.46	−0.067%	$5K	$460K	10x	as long as short
Variational Omni ARM	+0.0206%	8h	330.42	−0.077%	$214K	$526K	—	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	333.61	+0.886%	$5K	$50K	12x	as long as short
Gate ARM_USDTlong	+0.0274%	8h	330.68	long leg	$1.5M	$4.1M	50x
edgeX ARMUSDC	+0.0332%	4h	330.23	−0.136%	$35K	$354K	10x	as long as short
Binance ARMUSDT	+0.0352%	8h	330.32	−0.109%	$8.9M	$50.4M	20x	as long as short
Extended ARM-USD	+0.0352%	1h	330.24	−0.134%	$38K	$273K	10x	as long as short
KuCoin ARMUSDTM	+0.0806%	8h	330.94	+0.079%	$2.4M	$116K	20x	as long as short
Bitget ARMUSDT	+0.0858%	8h	330.61	−0.021%	$1.8M	$3.9M	20x	as long as short