Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0117%/8h= +12.8% APRpaid last 24h +0.121%

Price spread now: Deribit against OKX−0.046%7-day average +0.011% · 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−$66as in the Price arb table

costs, in and out, $10k−$600.601% of the position

Long on OKX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.113%+$11 on $10k

Price spread, last 3 days (all we have)+0.007%+$1 · spread now −0.046%, 7d avg +0.011%

Together, before fees+0.119%+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.057% cheaper against OKX than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of +0.011%). If the spread goes back, that is −$6 on $10k: about 39 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ARM-USDT-SWAP	327.59	0	get 0.0000% / 8h	6h 04m	$1.7M	$6.6M	20x
Short	Deribit ARM_USDC-PERPETUAL	327.44	0.0117	get 0.0015% / 1h	4m 03s	$12K	$125K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.046%Rate

Funding earned: $24.49
Price spread: −0.046% → +0.011%: −$5.68
Slippage, 4 orders: −$43.14
Fee OKX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$41.34
Costs to cover: 0.601%
Break-even: 18.8 days

Slippage from OKX: live order book, 4 min ago; Deribit: live order book, 64 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 OKX live order book, 4 min ago	2.59 bp	10.6 bp −$11	39.5 bp −$395	doesn't fit	doesn't fit
Sell Deribit live order book, 64 min ago	5.14 bp	20.0 bp −$20	24.4 bp −$244	doesn't fit	doesn't fit

ARM on 23 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	−0.0024%	1h	327.05	−0.165%	$100K	$289K	10x	as long as short
Aster ARMUSDT	0.0000%	8h	327.50	−0.029%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	327.44	−0.046%	$2.0M	$2.2M	25x	as long as short
OKX ARM-USDT-SWAPlong	0.0000%	8h	327.59	long leg	$1.7M	$6.6M	20x
GRVT ARM_USDT_Perp	0.0000%	8h	326.90	−0.212%	$268	$186K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	327.54	−0.015%	$940	$2.8M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	327.80	+0.064%	$18K	$16K	20x	as long as short
QFEX ARM-USD	+0.0015%	1h	327.42	−0.052%	$1.1M	$4.4M	10x	as long as short
Lighter ARM	+0.0032%	1h	327.30	−0.089%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	327.68	+0.027%	—	—	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ARM	+0.0050%	1h	327.58	−0.003%	$8.3M	$8.8M	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	327.36	−0.070%	$379K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	327.20	−0.119%	$201K	$396K	10x	as long as short
Variational Omni ARM	+0.0100%	8h	327.73	+0.044%	$213K	$329K	—	as long as short
Deribit ARM_USDC-PERPETUALshort	+0.0117%	1h	327.44	−0.046%	$12K	$125K	10x
Phoenix ARM	+0.0121%	1h	327.41	−0.055%	$5K	$444K	10x	as long as short
Gate ARM_USDT	+0.0128%	8h	327.70	+0.034%	$1.4M	$4.2M	50x	as long as short
Binance ARMUSDT	+0.0212%	8h	327.55	−0.013%	$8.6M	$50.3M	20x	as long as short
Extended ARM-USD	+0.0216%	1h	327.40	−0.059%	$36K	$273K	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	332.02	+1.352%	$5K	$50K	12x	as long as short
edgeX ARMUSDC	+0.0301%	4h	327.45	−0.043%	$35K	$345K	10x	as long as short
Bitget ARMUSDT	+0.0307%	8h	327.92	+0.101%	$1.8M	$3.8M	20x	as long as short
KuCoin ARMUSDTM	+0.0734%	8h	327.63	+0.012%	$2.3M	$120K	20x	as long as short