Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0518%/8h= −56.7% APRpaid last 24h −0.079%

Price spread now: Polymarket Perps against KuCoin+0.024%7-day average −0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$274as in the Funding arb table

Net, price: spread back to 7d avg − costs−$248as in the Price arb table

costs, in and out, $10k−$2582.579% of the position

Long on KuCoin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.159%−$16 on $10k

Price spread, last 7 days−0.032%−$3 · spread now +0.024%, 7d avg −0.077%

Together, before fees−0.191%−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.102% dearer against KuCoin than usual: you sell high and buy low (spread +0.024% now, against its 7-day average of −0.077%): +$10 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.159% in total) that is about 4.5 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.159% in total (about -8.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ARMUSDTM	328.96	0.0568	pay 0.0568% / 8h	5h 04m	$2.4M	$118K	20x
Short	Polymarket Perps ARM-USD	329.04	0.0050	get 0.0006% / 1h	4m 57s	$381K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$108.78
Price spread: +0.024% → −0.077%: $10.15
Slippage, 4 orders: −$237.93
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$356.56
Costs to cover: 2.579%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Polymarket Perps: live order book, 3 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, 2 min ago	7.14 bp	92.6 bp −$93	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	1.82 bp	5.9 bp −$6	6.6 bp −$66	12.1 bp −$1,215	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	−0.0092%	4h	329.02	+0.019%	$35K	$347K	10x	as long as short
Coinbase International ARM-PERP-INTX	−0.0008%	1h	328.91	−0.015%	$102K	$292K	10x	as long as short
Aster ARMUSDT	0.0000%	8h	328.85	−0.034%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	329.03	+0.021%	$2.0M	$2.1M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	329.02	+0.018%	$1.7M	$6.6M	20x	as long as short
Variational Omni ARM	0.0000%	8h	328.99	+0.009%	$213K	$314K	—	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	328.89	−0.021%	$727	$192K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	328.85	−0.033%	$1K	$2.7M	10x	as long as short
Deribit ARM_USDC-PERPETUAL	0.0000%	1h	328.86	−0.030%	$12K	$125K	10x	as long as short
HTX ARM-USDT	0.0000%	8h	328.80	−0.049%	$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	−0.009%	$1.1M	$4.1M	10x	as long as short
BloFin ARM-USDT	+0.0030%	8h	329.16	+0.061%	$128K	$48K	20x	as long as short
Lighter ARM	+0.0032%	1h	328.78	−0.055%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	329.10	+0.043%	—	—	10x	as long as short
Polymarket Perps ARM-USDshort	+0.0050%	1h	329.04	+0.024%	$381K	$1.3M	10x
Ondo Perps ARM-USD.P	+0.0050%	1h	328.92	−0.012%	$203K	$403K	10x	as long as short
Binance ARMUSDT	+0.0087%	8h	329.01	+0.014%	$8.7M	$49.9M	20x	as long as short
Extended ARM-USD	+0.0088%	1h	328.96	−0.001%	$36K	$268K	10x	as long as short
Phoenix ARM	+0.0122%	1h	328.97	+0.003%	$5K	$434K	10x	as long as short
Gate ARM_USDT	+0.0128%	8h	329.17	+0.064%	$1.5M	$4.3M	50x	as long as short
tradeXYZ xyz:ARM	+0.0134%	1h	328.98	+0.006%	$8.3M	$8.7M	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	332.31	+1.018%	$5K	$50K	12x	as long as short
Bitget ARMUSDT	+0.0284%	8h	328.99	+0.009%	$1.8M	$3.8M	20x	as long as short
KuCoin ARMUSDTMlong	+0.0568%	8h	328.96	long leg	$2.4M	$118K	20x