Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.028%

Price spread now: tradeXYZ against GRVT−0.150%46s7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$550.552% of the position

Long on GRVT Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.144%+$14 on $10k

Price spread, last 4 days (all we have)+0.158%+$16 · spread now −0.150%, 7d avg −0.053%

Together, before fees+0.302%+ Points / potential airdropGRVT: Active · tradeXYZ: Active · farm board+$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.098% cheaper against GRVT than usual: you would sell low and buy high (spread −0.150% now, against its 7-day average of −0.053%). If the spread goes back, that is −$10 on $10k: about 6.5 days of funding at the current rate (+$2 a day). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT ARM_USDT_Perp	328.44	0	get 0.0000% / 8h	6h 38m	$650	$186K	10x
Short	tradeXYZ xyz:ARM	327.95	0.0050	get 0.0006% / 1h	38m 52s	$8.3M	$9.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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

Position, each leg$Hold fordaysFee GRVTbpFee tradeXYZbpOrdersPrice spread, now −0.150%Rate

Funding earned: $10.5
Price spread: −0.150% → −0.053%: −$9.76
Slippage, 4 orders: −$28.24
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$54.5
Costs to cover: 0.552%
Break-even: 43.3 days

Slippage from GRVT: live order book, 28 min ago; tradeXYZ: live order book, 9 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 GRVT live order book, 28 min ago	1.97 bp	22.7 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 9 min ago	0.15 bp	9.2 bp −$9	15.5 bp −$155	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	−0.0774%	4h	328.66	+0.067%	$35K	$344K	10x	as long as short
Coinbase International ARM-PERP-INTX	−0.0024%	1h	328.06	−0.117%	$99K	$293K	10x	as long as short
BloFin ARM-USDT	−0.0010%	8h	329.28	+0.255%	$128K	$46K	20x	as long as short
Aster ARMUSDT	0.0000%	8h	328.34	−0.031%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	328.05	−0.120%	$2.0M	$2.2M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	327.99	−0.138%	$1.7M	$6.6M	20x	as long as short
GRVT ARM_USDT_Perplong	0.0000%	8h	328.44	long leg	$650	$186K	10x
SunX ARM-USDT	0.0000%	8h	327.79	−0.199%	$1K	$2.9M	10x	as long as short
Deribit ARM_USDC-PERPETUAL	0.0000%	1h	327.96	−0.147%	$12K	$125K	10x	as long as short
HTX ARM-USDT	0.0000%	8h	328.39	−0.016%	$18K	$16K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX ARM-USD	+0.0015%	1h	327.74	−0.214%	$1.1M	$4.4M	10x	as long as short
Lighter ARM	+0.0032%	1h	327.73	−0.217%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	328.11	−0.102%	—	—	10x	as long as short
tradeXYZ xyz:ARMshort	+0.0050%	1h	327.95	−0.150%	$8.3M	$9.0M	10x
Polymarket Perps ARM-USD	+0.0050%	1h	327.82	−0.190%	$380K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	327.88	−0.172%	$201K	$533K	10x	as long as short
Phoenix ARM	+0.0121%	1h	328.58	+0.042%	$5K	$444K	10x	as long as short
Variational Omni ARM	+0.0176%	8h	328.32	−0.038%	$213K	$438K	—	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	333.76	+1.619%	$5K	$50K	12x	as long as short
Gate ARM_USDT	+0.0232%	8h	328.28	−0.050%	$1.5M	$4.2M	50x	as long as short
Extended ARM-USD	+0.0296%	1h	327.91	−0.162%	$36K	$278K	10x	as long as short
Binance ARMUSDT	+0.0300%	8h	327.91	−0.164%	$8.7M	$50.6M	20x	as long as short
Bitget ARMUSDT	+0.0674%	8h	327.99	−0.138%	$1.8M	$3.8M	20x	as long as short
KuCoin ARMUSDTM	+0.0815%	8h	328.23	−0.065%	$2.4M	$121K	20x	as long as short