Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.066%

Price spread now: Aster against Injective−1.374%87s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.313%−$31 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Aster is 1.374% cheaper against Injective than usual: you would sell low and buy high (−$137 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 87 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	Injective ARM/USDC PERP	330.15	0.0220	pay 0.0028% / 1h	5m 52s	$5K	$52K	12x
Short	Aster ARMUSDT	325.61	0	get 0.0000% / 8h	5m 52s	$7K	$126K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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 InjectivebpFee AsterbpOrdersPrice spread, now −1.374%Rate

Funding earned: −$46.2
Price spread: −1.374% → 0.000%: −$137.38
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: −$191.6
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Aster: live order book, 5 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell Aster live order book, 5 min ago	53.04 bp	67.6 bp −$68	doesn't fit	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0906%	4h	325.92	−1.280%	$35K	$351K	10x	as long as short
BloFin ARM-USDT	−0.0019%	8h	325.92	−1.281%	$124K	$45K	20x	as long as short
Aster ARMUSDTshort	0.0000%	8h	325.61	−1.374%	$7K	$126K	20x
Bybit ARMUSDT	0.0000%	8h	325.80	−1.318%	$2.0M	$2.4M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	325.88	−1.293%	$1.7M	$6.7M	20x	as long as short
Bitget ARMUSDT	0.0000%	8h	325.81	−1.315%	$1.8M	$4.2M	20x	as long as short
SunX ARM-USDT	0.0000%	8h	325.50	−1.408%	$1K	$3.1M	10x	as long as short
Deribit ARM_USDC-PERPETUAL	0.0000%	1h	325.50	−1.408%	$12K	$130K	10x	as long as short
HTX ARM-USDT	0.0000%	8h	325.96	−1.269%	$18K	$17K	20x	as long as short
Coinbase International ARM-PERP-INTX	+0.0016%	1h	325.94	−1.275%	$89K	$286K	10x	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	325.44	−1.427%	—	—	10x	as long as short
QFEX ARM-USD	+0.0033%	1h	325.69	−1.351%	$1.1M	$4.8M	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	325.87	−1.296%	—	—	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	325.72	−1.342%	$382K	$2.1M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	325.65	−1.363%	$208K	$554K	10x	as long as short
Gate ARM_USDT	+0.0073%	8h	326.00	−1.257%	$1.5M	$4.2M	50x	as long as short
tradeXYZ xyz:ARM	+0.0136%	1h	325.84	−1.305%	$8.0M	$9.6M	10x	as long as short
Variational Omni ARM	+0.0215%	8h	325.71	−1.346%	$213K	$523K	—	as long as short
Injective ARM/USDC PERPlong	+0.0220%	1h	330.15	long leg	$5K	$52K	12x
Phoenix ARM	+0.0271%	1h	326.12	−1.221%	$5K	$460K	10x	as long as short
Extended ARM-USD	+0.0336%	1h	325.72	−1.343%	$39K	$188K	10x	as long as short
Binance ARMUSDT	+0.0336%	8h	325.78	−1.324%	$8.6M	$50.8M	20x	as long as short
GRVT ARM_USDT_Perp	+0.0374%	8h	326.03	−1.248%	$469	$199K	10x	as long as short
KuCoin ARMUSDTM	+0.0688%	8h	326.10	−1.227%	$2.3M	$121K	20x	as long as short