Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0640%/8h= −70.1% APRpaid last 24h −0.083%

Price spread now: QFEX against KuCoin−0.040%7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$234as in the Price arb table

costs, in and out, $10k−$2342.345% of the position

Long on KuCoin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.184%−$18 on $10k

Price spread, last 7 days−0.123%−$12 · spread now −0.040%, 7d avg −0.047%

Together, before fees−0.307%−$31 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.047%, so right now this pair is about funding alone: −$19 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.184% in total (about -19.0% 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	329.04	0.0651	pay 0.0651% / 8h	5h 30m	$2.4M	$119K	20x
Short	QFEX ARM-USD	328.91	0.0011	get 0.0001% / 1h	30m 31s	$1.1M	$4.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$134.44
Price spread: −0.040% → −0.047%: $0.7
Slippage, 4 orders: −$212.49
Fee KuCoin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$368.24
Costs to cover: 2.345%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; QFEX: 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, 6 min ago	6.99 bp	87.8 bp −$88	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	1.22 bp	8.3 bp −$8	13.5 bp −$135	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
Coinbase International ARM-PERP-INTX	−0.0008%	1h	328.97	−0.021%	$101K	$292K	10x	as long as short
Aster ARMUSDT	0.0000%	8h	328.88	−0.049%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	328.93	−0.033%	$2.0M	$2.2M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	329.17	+0.040%	$1.7M	$6.7M	20x	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	328.98	−0.018%	$470	$187K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	328.82	−0.067%	$845	$2.7M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	328.58	−0.140%	$18K	$16K	20x	as long as short
QFEX ARM-USDshort	+0.0011%	1h	328.91	−0.040%	$1.1M	$4.3M	10x
BloFin ARM-USDT	+0.0023%	8h	328.88	−0.049%	$128K	$48K	20x	as long as short
Variational Omni ARM	+0.0028%	8h	328.97	−0.020%	$214K	$320K	—	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	328.75	−0.088%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	329.08	+0.012%	—	—	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	328.95	−0.027%	$381K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	328.91	−0.040%	$202K	$406K	10x	as long as short
tradeXYZ xyz:ARM	+0.0093%	1h	328.82	−0.067%	$8.3M	$8.8M	10x	as long as short
Gate ARM_USDT	+0.0114%	8h	329.28	+0.073%	$1.4M	$4.3M	50x	as long as short
Phoenix ARM	+0.0122%	1h	328.85	−0.058%	$5K	$434K	10x	as long as short
Binance ARMUSDT	+0.0133%	8h	328.92	−0.036%	$8.6M	$50.0M	20x	as long as short
Extended ARM-USD	+0.0136%	1h	328.83	−0.065%	$36K	$272K	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	332.09	+0.927%	$5K	$50K	12x	as long as short
Bitget ARMUSDT	+0.0303%	8h	329.01	−0.009%	$1.8M	$3.8M	20x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0389%	1h	329.01	−0.009%	$12K	$125K	10x	as long as short
edgeX ARMUSDC	+0.0466%	4h	328.90	−0.043%	$35K	$347K	10x	as long as short
KuCoin ARMUSDTMlong	+0.0651%	8h	329.04	long leg	$2.4M	$119K	20x