Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.012%

Price spread now: Bybit against OKX−0.006%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$610.608% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%$0 on $10k

Price spread, last 7 days+0.016%+$2 · spread now −0.006%, 7d avg +0.019%

Together, before fees+0.021%+$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.025% cheaper against OKX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ARM-USDT-SWAP	329.07	0	get 0.0000% / 8h	5h 36m	$1.7M	$6.7M	20x
Short	Bybit ARMUSDT	329.05	0	get 0.0000% / 8h	5h 36m	$2.0M	$2.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → +0.019%: −$2.47
Slippage, 4 orders: −$39.81
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$63.28
Costs to cover: 0.608%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Bybit: live order book, just now.

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 OKX live order book, 2 min ago	3.49 bp	10.1 bp −$10	39.3 bp −$393	doesn't fit	doesn't fit
Sell Bybit live order book, just now	5.01 bp	16.1 bp −$16	81.9 bp −$819	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	−0.0543%	4h	328.72	−0.108%	$35K	$345K	10x	as long as short
BloFin ARM-USDT	−0.0016%	8h	329.06	−0.003%	$127K	$48K	20x	as long as short
Coinbase International ARM-PERP-INTX	−0.0008%	1h	328.97	−0.030%	$101K	$293K	10x	as long as short
Aster ARMUSDT	0.0000%	8h	328.93	−0.043%	$7K	$126K	20x	as long as short
Bybit ARMUSDTshort	0.0000%	8h	329.05	−0.006%	$2.0M	$2.2M	25x
OKX ARM-USDT-SWAPlong	0.0000%	8h	329.07	long leg	$1.7M	$6.7M	20x
GRVT ARM_USDT_Perp	0.0000%	8h	329.02	−0.016%	$480	$187K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	328.74	−0.100%	$957	$2.7M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	328.55	−0.158%	$18K	$16K	20x	as long as short
QFEX ARM-USD	+0.0011%	1h	328.96	−0.033%	$1.1M	$4.3M	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	328.78	−0.088%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	329.14	+0.021%	—	—	10x	as long as short
Variational Omni ARM	+0.0048%	8h	328.79	−0.086%	$213K	$322K	—	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	329.04	−0.009%	$381K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	329.02	−0.015%	$202K	$406K	10x	as long as short
tradeXYZ xyz:ARM	+0.0052%	1h	329.06	−0.003%	$8.3M	$8.8M	10x	as long as short
Gate ARM_USDT	+0.0115%	8h	329.27	+0.061%	$1.4M	$4.2M	50x	as long as short
Phoenix ARM	+0.0122%	1h	328.96	−0.033%	$5K	$434K	10x	as long as short
Binance ARMUSDT	+0.0147%	8h	329.10	+0.010%	$8.7M	$50.0M	20x	as long as short
Extended ARM-USD	+0.0152%	1h	329.01	−0.018%	$36K	$272K	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	332.09	+0.918%	$5K	$50K	12x	as long as short
Bitget ARMUSDT	+0.0289%	8h	329.14	+0.021%	$1.8M	$3.8M	20x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0419%	1h	329.03	−0.012%	$12K	$125K	10x	as long as short
KuCoin ARMUSDTM	+0.0667%	8h	329.08	+0.003%	$2.4M	$119K	20x	as long as short