Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0078%/8h= −8.5% APRpaid last 24h −0.017%

Price spread now: OKX against Ondo Perps+0.464%7-day average +0.073% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.116%−$12 on $10k

Price spread, last 4 days (all we have)−0.220%−$22 · spread now +0.464%, 7d avg +0.073%

Together, before fees−0.336%+ Points / potential airdropOndo Perps: Active · farm board−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.391% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.464% now, against its 7-day average of +0.073%): +$39 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 17 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps ARM-USD.P	329.77	0.0078	pay 0.0010% / 1h	27m 34s	$204K	$520K	10x
Short	OKX ARM-USDT-SWAP	331.30	0	get 0.0000% / 8h	7h 27m	$1.7M	$6.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Ondo Perps. 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 Ondo PerpsbpFee OKXbpOrdersPrice spread, now +0.464%Rate

Funding earned: −$16.3
Price spread: +0.464% → +0.073%: $39.05
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: $7.76
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; OKX: live order book, 5 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell OKX live order book, 5 min ago	0.91 bp	15.0 bp −$15	53.9 bp −$539	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Aster ARMUSDT	0.0000%	8h	330.83	+0.322%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	331.28	+0.458%	$2.0M	$2.2M	25x	as long as short
OKX ARM-USDT-SWAPshort	0.0000%	8h	331.30	+0.464%	$1.7M	$6.7M	20x
SunX ARM-USDT	0.0000%	8h	329.64	−0.039%	$912	$3.0M	10x	as long as short
Deribit ARM_USDC-PERPETUAL	0.0000%	1h	330.90	+0.343%	$12K	$125K	10x	as long as short
HTX ARM-USDT	0.0000%	8h	330.07	+0.091%	$18K	$16K	20x	as long as short
BloFin ARM-USDT	+0.0022%	8h	330.55	+0.237%	$127K	$46K	20x	as long as short
QFEX ARM-USD	+0.0026%	1h	331.13	+0.412%	$1.1M	$4.7M	10x	as long as short
Lighter ARM	+0.0032%	1h	331.11	+0.406%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	330.85	+0.328%	—	—	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International ARM-PERP-INTX	+0.0048%	1h	325.94	−1.161%	$89K	$282K	10x	as long as short
GRVT ARM_USDT_Perp	+0.0064%	8h	329.64	−0.038%	$438	$192K	10x	as long as short
Ondo Perps ARM-USD.Plong	+0.0078%	1h	329.77	long leg	$204K	$520K	10x
Gate ARM_USDT	+0.0162%	8h	331.30	+0.464%	$1.5M	$4.1M	50x	as long as short
Phoenix ARM	+0.0197%	1h	329.70	−0.021%	$5K	$460K	10x	as long as short
Polymarket Perps ARM-USD	+0.0216%	1h	330.94	+0.355%	$383K	$1.3M	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	331.89	+0.643%	$5K	$50K	12x	as long as short
Variational Omni ARM	+0.0221%	8h	329.69	−0.023%	$214K	$528K	—	as long as short
tradeXYZ xyz:ARM	+0.0227%	1h	331.01	+0.376%	$8.3M	$8.8M	10x	as long as short
Binance ARMUSDT	+0.0349%	8h	331.24	+0.446%	$8.9M	$50.4M	20x	as long as short
Extended ARM-USD	+0.0352%	1h	331.19	+0.432%	$38K	$334K	10x	as long as short
edgeX ARMUSDC	+0.0559%	4h	329.67	−0.030%	$35K	$354K	10x	as long as short
Bitget ARMUSDT	+0.0627%	8h	331.21	+0.437%	$1.8M	$3.9M	20x	as long as short
KuCoin ARMUSDTM	+0.0778%	8h	331.24	+0.446%	$2.4M	$116K	20x	as long as short