Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0026%/8h= +2.8% APRpaid last 24h +0.012%

Price spread now: QFEX against OKX−0.006%7-day average −0.044% · 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−$35as in the Price arb table

costs, in and out, $10k−$390.388% of the position

Long on OKX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.047%−$5 on $10k

Price spread, last 7 days−0.030%−$3 · spread now −0.006%, 7d avg −0.044%

Together, before fees−0.077%−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.038% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ARM-USDT-SWAP	329.52	0	get 0.0000% / 8h	7h 32m	$1.7M	$6.6M	20x
Short	QFEX ARM-USD	329.50	0.0026	get 0.0003% / 1h	32m 26s	$1.1M	$4.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.006%Rate

Funding earned: $5.41
Price spread: −0.006% → −0.044%: $3.76
Slippage, 4 orders: −$18.84
Fee OKX: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$29.67
Costs to cover: 0.388%
Break-even: 45.4 days

Slippage from OKX: live order book, 5 min ago; QFEX: live order book, 6 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, 5 min ago	0.91 bp	12.8 bp −$13	48.6 bp −$486	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	1.07 bp	6.1 bp −$6	11.2 bp −$112	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	−0.0158%	4h	328.76	−0.230%	$35K	$353K	10x	as long as short
BloFin ARM-USDT	−0.0014%	8h	328.56	−0.291%	$127K	$45K	20x	as long as short
Aster ARMUSDT	0.0000%	8h	329.69	+0.052%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	329.53	+0.003%	$2.0M	$2.1M	25x	as long as short
OKX ARM-USDT-SWAPlong	0.0000%	8h	329.52	long leg	$1.7M	$6.6M	20x
SunX ARM-USDT	0.0000%	8h	328.63	−0.270%	$914	$3.0M	10x	as long as short
Deribit ARM_USDC-PERPETUAL	0.0000%	1h	328.89	−0.191%	$12K	$125K	10x	as long as short
HTX ARM-USDT	0.0000%	8h	328.75	−0.234%	$18K	$16K	20x	as long as short
QFEX ARM-USDshort	+0.0026%	1h	329.50	−0.006%	$1.1M	$4.7M	10x
Lighter ARM	+0.0032%	1h	329.31	−0.064%	—	—	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT ARM_USDT_Perp	+0.0033%	8h	328.82	−0.212%	$437	$192K	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	329.60	+0.024%	—	—	10x	as long as short
Coinbase International ARM-PERP-INTX	+0.0048%	1h	325.94	−1.086%	$89K	$282K	10x	as long as short
Gate ARM_USDT	+0.0078%	8h	329.62	+0.030%	$1.5M	$4.1M	50x	as long as short
Ondo Perps ARM-USD.P	+0.0127%	1h	329.01	−0.155%	$204K	$524K	10x	as long as short
Phoenix ARM	+0.0197%	1h	328.85	−0.203%	$5K	$460K	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	331.89	+0.719%	$5K	$50K	12x	as long as short
Variational Omni ARM	+0.0224%	8h	328.98	−0.164%	$213K	$528K	—	as long as short
Polymarket Perps ARM-USD	+0.0276%	1h	329.63	+0.033%	$382K	$1.3M	10x	as long as short
tradeXYZ xyz:ARM	+0.0307%	1h	329.55	+0.009%	$8.2M	$8.6M	10x	as long as short
Binance ARMUSDT	+0.0351%	8h	329.60	+0.025%	$8.8M	$50.4M	20x	as long as short
Extended ARM-USD	+0.0352%	1h	329.50	−0.005%	$36K	$332K	10x	as long as short
Bitget ARMUSDT	+0.0509%	8h	328.96	−0.170%	$1.8M	$3.9M	20x	as long as short
KuCoin ARMUSDTM	+0.0772%	8h	329.56	+0.012%	$2.4M	$116K	20x	as long as short