Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0016%/8h= −1.8% APRpaid last 24h −0.028%

Price spread now: Injective against KuCoin+2.219%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 2.219% dearer against KuCoin than usual: you sell high and buy low (spread +2.219% now, against zero (this spread has no 7-day history yet)): +$222 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 15 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ARMUSDTM	323.07	0.0236	pay 0.0236% / 8h	3h 48m	$2.3M	$119K	20x
Short	Injective ARM/USDC PERP	330.24	0.0220	get 0.0028% / 1h	48m 48s	$5K	$50K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +2.219%Rate

Funding earned: −$3.36
Price spread: +2.219% → 0.000%: $221.93
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $206.55
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 3 min ago; Injective: no order-book sample. 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 KuCoin live order book, 3 min ago	5.55 bp	114.3 bp −$114	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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
Aster ARMUSDT	0.0000%	8h	323.14	+0.023%	$7K	$126K	20x	as long as short
Extended ARM-USD	0.0000%	1h	322.71	−0.111%	$40K	$271K	10x	as long as short
Binance ARMUSDT	0.0000%	8h	323.18	+0.033%	$8.4M	$50.4M	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	323.13	+0.019%	$1.9M	$2.2M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	323.28	+0.065%	$1.6M	$6.7M	20x	as long as short
Bitget ARMUSDT	0.0000%	8h	323.28	+0.065%	$1.8M	$3.9M	20x	as long as short
Variational Omni ARM	0.0000%	8h	324.13	+0.329%	$211K	$295K	—	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	324.88	+0.559%	$575	$207K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	323.35	+0.087%	$1K	$2.7M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	323.39	+0.099%	$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
Gate ARM_USDT	+0.0008%	8h	323.12	+0.015%	$1.5M	$4.3M	50x	as long as short
QFEX ARM-USD	+0.0014%	1h	323.25	+0.056%	$1.1M	$3.8M	10x	as long as short
BloFin ARM-USDT	+0.0020%	8h	323.12	+0.015%	$126K	$49K	20x	as long as short
Lighter ARM	+0.0032%	1h	323.10	+0.009%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	323.57	+0.155%	—	—	10x	as long as short
tradeXYZ xyz:ARM	+0.0050%	1h	323.02	−0.015%	$8.1M	$8.8M	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	323.24	+0.053%	$374K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	323.10	+0.009%	$190K	$412K	10x	as long as short
Phoenix ARM	+0.0123%	1h	323.45	+0.118%	$5K	$446K	10x	as long as short
edgeX ARMUSDC	+0.0123%	4h	324.88	+0.562%	$34K	$349K	10x	as long as short
Coinbase International ARM-PERP-INTX	+0.0128%	1h	324.44	+0.424%	$95K	$306K	10x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0214%	1h	323.28	+0.065%	$12K	$59K	10x	as long as short
Injective ARM/USDC PERPshort	+0.0220%	1h	330.24	+2.219%	$5K	$50K	12x
KuCoin ARMUSDTMlong	+0.0236%	8h	323.07	long leg	$2.3M	$119K	20x