Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0121%/8h= +13.2% APRpaid last 24h +0.017%

Price spread now: Deribit against KuCoin+0.055%7-day average +0.002% · 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−$250as in the Price arb table

costs, in and out, $10k−$2552.554% of the position

Long on KuCoin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)−0.392%−$39 · spread now +0.055%, 7d avg +0.002%

Together, before fees−0.398%−$40 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Deribit is 0.052% dearer against KuCoin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ARMUSDTM	329.01	0.0572	pay 0.0572% / 8h	5h 06m	$2.4M	$118K	20x
Short	Deribit ARM_USDC-PERPETUAL	329.19	0.0693	get 0.0087% / 1h	6m 43s	$12K	$125K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against KuCoin. 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 KuCoinbpFee DeribitbpOrdersPrice spread, now +0.055%Rate

Funding earned: $25.32
Price spread: +0.055% → +0.002%: $5.23
Slippage, 4 orders: −$236.35
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$224.8
Costs to cover: 2.554%
Break-even: 69.1 days

Slippage from KuCoin: live order book, 10 min ago; Deribit: live order book, 57 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 KuCoin live order book, 10 min ago	7.14 bp	90.1 bp −$90	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 57 min ago	4.74 bp	18.2 bp −$18	22.6 bp −$226	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	−0.0056%	4h	328.88	−0.039%	$35K	$347K	10x	as long as short
Coinbase International ARM-PERP-INTX	−0.0008%	1h	328.91	−0.030%	$102K	$292K	10x	as long as short
BloFin ARM-USDT	−0.0001%	8h	329.10	+0.027%	$128K	$48K	20x	as long as short
Aster ARMUSDT	0.0000%	8h	328.90	−0.034%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	329.07	+0.018%	$2.0M	$2.1M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	329.10	+0.027%	$1.7M	$6.7M	20x	as long as short
Variational Omni ARM	0.0000%	8h	328.76	−0.077%	$213K	$316K	—	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	328.89	−0.036%	$727	$192K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	328.81	−0.061%	$963	$2.7M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	328.80	−0.064%	$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	+0.0011%	1h	328.93	−0.024%	$1.1M	$4.1M	10x	as long as short
Lighter ARM	+0.0032%	1h	328.69	−0.097%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	329.04	+0.009%	—	—	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	329.03	+0.006%	$381K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	328.92	−0.027%	$203K	$403K	10x	as long as short
Binance ARMUSDT	+0.0087%	8h	329.02	+0.003%	$8.7M	$50.0M	20x	as long as short
Extended ARM-USD	+0.0088%	1h	328.93	−0.023%	$36K	$268K	10x	as long as short
Phoenix ARM	+0.0122%	1h	329.15	+0.043%	$5K	$434K	10x	as long as short
Gate ARM_USDT	+0.0129%	8h	329.29	+0.085%	$1.5M	$4.3M	50x	as long as short
tradeXYZ xyz:ARM	+0.0135%	1h	329.04	+0.009%	$8.3M	$8.7M	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	332.31	+1.003%	$5K	$50K	12x	as long as short
Bitget ARMUSDT	+0.0285%	8h	329.04	+0.009%	$1.8M	$3.8M	20x	as long as short
KuCoin ARMUSDTMlong	+0.0572%	8h	329.01	long leg	$2.4M	$118K	20x
Deribit ARM_USDC-PERPETUALshort	+0.0693%	1h	329.19	+0.055%	$12K	$125K	10x