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

ARM

RWAall ARM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0234%/8h= +25.6% APRnext payment +$2.34 per $10,000 · paid last 24h +0.033%
Price spread now: KuCoin against GRVT−0.470%68s7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$238as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2572.575% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.195%+$19 on $10k
Price spread, last 4 days (all we have)+0.513%+$51 · spread now −0.470%, 7d avg −0.019%
Together, before fees+0.708%+ Points / potential airdropGRVT: Active · farm board+$71 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.450% cheaper against GRVT than usual: you would sell low and buy high (spread −0.470% now, against its 7-day average of −0.019%). If the spread goes back, that is −$45 on $10k: about 6.4 days of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.195% in total) that is about 16 days. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT ARM_USDT_Perp324.880get 0.0000% / 8h3h 48m$575$207K10x
ShortKuCoin ARMUSDTM323.350.0234get 0.0234% / 8h3h 48m$2.3M$119K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against GRVT. 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
$49.14
Price spread: −0.470% → −0.019%
−$45.05
Slippage, 4 orders
−$236.47
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$253.38
Costs to cover
2.575%
Break-even
43.1 days
Slippage from GRVT: live order book, 4 min ago; KuCoin: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GRVT live order book, 4 min ago4.31 bp18.4 bp −$18doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 3 min ago5.55 bp111.8 bp −$112doesn't fitdoesn'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%8h323.49−0.426%$7K$126K20xas long as short
Extended ARM-USD0.0000%1h323.37−0.463%$40K$271K10xas long as short
Binance ARMUSDT0.0000%8h323.46−0.436%$8.4M$50.4M20xas long as short
Bybit ARMUSDT0.0000%8h323.33−0.476%$1.9M$2.2M25xas long as short
OKX ARM-USDT-SWAP0.0000%8h323.43−0.445%$1.6M$6.7M20xas long as short
Bitget ARMUSDT0.0000%8h323.57−0.402%$1.8M$3.9M20xas long as short
Variational Omni ARM0.0000%8h324.13−0.229%$211K$295Kas long as short
GRVT ARM_USDT_Perplong0.0000%8h324.88long leg$575$207K10x
SunX ARM-USDT0.0000%8h323.67−0.371%$1K$2.7M10xas long as short
HTX ARM-USDT0.0000%8h323.39−0.457%$18K$16K20xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ARM_USDT+0.0007%8h323.54−0.411%$1.5M$4.3M50xas long as short
QFEX ARM-USD+0.0014%1h323.24−0.504%$1.1M$3.8M10xas long as short
BloFin ARM-USDT+0.0020%8h323.12−0.540%$126K$49K20xas long as short
Lighter ARM+0.0032%1h322.99−0.580%10xas long as short
Vest ARM-USD-PERP+0.0046%1h323.48−0.430%10xas long as short
tradeXYZ xyz:ARM+0.0050%1h323.31−0.482%$8.1M$8.8M10xas long as short
Polymarket Perps ARM-USD+0.0050%1h323.38−0.460%$374K$1.3M10xas long as short
Ondo Perps ARM-USD.P+0.0050%1h323.10−0.547%$190K$412K10xas long as short
Phoenix ARM+0.0123%1h323.45−0.439%$5K$446K10xas long as short
edgeX ARMUSDC+0.0123%4h324.88+0.003%$34K$349K10xas long as short
Coinbase International ARM-PERP-INTX+0.0128%1h324.44−0.134%$95K$306K10xas long as short
Injective ARM/USDC PERP+0.0220%1h330.24+1.651%$5K$50K12xas long as short
KuCoin ARMUSDTMshort+0.0234%8h323.35−0.470%$2.3M$119K20x
Deribit ARM_USDC-PERPETUAL+0.1081%1h323.45−0.439%$12K$59K10xas long as short