Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0103%/8h= −11.3% APRpaid last 24h +0.004%

Price spread now: QFEX against Gate−0.082%7-day average −0.059% · 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−$50as in the Price arb table

costs, in and out, $10k−$480.478% of the position

Long on Gate Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.075%−$7 on $10k

Price spread, last 7 days+0.043%+$4 · spread now −0.082%, 7d avg −0.059%

Together, before fees−0.032%−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and QFEX is 0.023% cheaper against Gate than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.059%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ARM_USDT	329.12	0.0114	pay 0.0114% / 8h	5h 34m	$1.4M	$4.2M	50x
Short	QFEX ARM-USD	328.85	0.0011	get 0.0001% / 1h	34m 41s	$1.1M	$4.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.082%Rate

Funding earned: −$21.67
Price spread: −0.082% → −0.059%: −$2.29
Slippage, 4 orders: −$22.79
Fee Gate: 7.5 bp × 2 orders: −$15
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$71.75
Costs to cover: 0.478%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; QFEX: live order book, 4 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	4.10 bp	13.7 bp −$14	39.3 bp −$393	55.8 bp −$5,582	doesn't fit
Sell QFEX live order book, 4 min ago	1.98 bp	7.9 bp −$8	13.5 bp −$135	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
edgeX ARMUSDC	−0.0322%	4h	329.01	−0.033%	$35K	$346K	10x	as long as short
Coinbase International ARM-PERP-INTX	−0.0008%	1h	328.97	−0.046%	$101K	$293K	10x	as long as short
Aster ARMUSDT	0.0000%	8h	328.75	−0.112%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	328.98	−0.043%	$2.0M	$2.2M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	328.73	−0.118%	$1.7M	$6.7M	20x	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	329.07	−0.015%	$471	$187K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	328.76	−0.109%	$845	$2.7M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	328.75	−0.112%	$18K	$16K	20x	as long as short
QFEX ARM-USDshort	+0.0011%	1h	328.85	−0.082%	$1.1M	$4.3M	10x
BloFin ARM-USDT	+0.0026%	8h	328.78	−0.103%	$127K	$48K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter ARM	+0.0032%	1h	328.64	−0.146%	—	—	10x	as long as short
Variational Omni ARM	+0.0037%	8h	329.02	−0.032%	$214K	$321K	—	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	328.93	−0.058%	—	—	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	328.72	−0.122%	$381K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	329.02	−0.030%	$202K	$406K	10x	as long as short
tradeXYZ xyz:ARM	+0.0060%	1h	328.85	−0.082%	$8.3M	$8.8M	10x	as long as short
Gate ARM_USDTlong	+0.0114%	8h	329.12	long leg	$1.4M	$4.2M	50x
Deribit ARM_USDC-PERPETUAL	+0.0115%	1h	328.77	−0.106%	$12K	$125K	10x	as long as short
Phoenix ARM	+0.0122%	1h	328.96	−0.049%	$5K	$434K	10x	as long as short
Binance ARMUSDT	+0.0144%	8h	328.90	−0.068%	$8.6M	$50.0M	20x	as long as short
Extended ARM-USD	+0.0144%	1h	328.81	−0.093%	$36K	$272K	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	332.09	+0.902%	$5K	$50K	12x	as long as short
Bitget ARMUSDT	+0.0294%	8h	328.96	−0.049%	$1.8M	$3.8M	20x	as long as short
KuCoin ARMUSDTM	+0.0664%	8h	328.91	−0.064%	$2.4M	$119K	20x	as long as short