Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0146%/8h= −16.0% APRpaid last 24h +0.034%

Price spread now: Gate against Phoenix+0.148%62s7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$650.647% of the position

Long on Phoenix Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.211%−$21 on $10k

Price spread, last 3 days (all we have)−0.122%−$12 · spread now +0.148%, 7d avg +0.021%

Together, before fees−0.332%−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.127% dearer against Phoenix than usual: you sell high and buy low (spread +0.148% now, against its 7-day average of +0.021%): +$13 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.9 days. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix ARM	324.97	0.0198	pay 0.0025% / 1h	54m 28s	$5K	$460K	10x
Short	Gate ARM_USDT	325.45	0.0052	get 0.0052% / 8h	54m 28s	$1.5M	$4.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Phoenix. 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 PhoenixbpFee GatebpOrdersPrice spread, now +0.148%Rate

Funding earned: −$30.73
Price spread: +0.148% → +0.021%: $12.67
Slippage, 4 orders: −$42.69
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$82.75
Costs to cover: 0.647%
Break-even: never at this rate

Slippage from Phoenix: live order book, 23 min ago; Gate: live order book, 4 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 Phoenix live order book, 23 min ago	6.47 bp	18.8 bp −$19	40.7 bp −$407	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	2.62 bp	13.4 bp −$13	51.7 bp −$517	83.8 bp −$8,376	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
BloFin ARM-USDT	−0.0011%	8h	325.20	+0.071%	$123K	$44K	20x	as long as short
Aster ARMUSDT	0.0000%	8h	325.04	+0.022%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	325.42	+0.138%	$2.0M	$2.6M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	325.31	+0.105%	$1.7M	$6.8M	20x	as long as short
Bitget ARMUSDT	0.0000%	8h	325.21	+0.074%	$1.8M	$4.2M	20x	as long as short
SunX ARM-USDT	0.0000%	8h	324.87	−0.031%	$1K	$3.2M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	324.72	−0.077%	$18K	$16K	20x	as long as short
Variational Omni ARM	+0.0011%	8h	324.92	−0.015%	$213K	$523K	—	as long as short
Coinbase International ARM-PERP-INTX	+0.0016%	1h	324.86	−0.034%	$88K	$290K	10x	as long as short
Lighter ARM	+0.0032%	1h	325.09	+0.037%	—	—	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX ARM-USD	+0.0033%	1h	325.33	+0.111%	$1.1M	$4.7M	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	325.30	+0.102%	—	—	10x	as long as short
tradeXYZ xyz:ARM	+0.0050%	1h	325.22	+0.077%	$8.0M	$9.7M	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	325.06	+0.028%	$464K	$1.7M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	324.85	−0.037%	$208K	$557K	10x	as long as short
Gate ARM_USDTshort	+0.0052%	8h	325.45	+0.148%	$1.5M	$4.1M	50x
edgeX ARMUSDC	+0.0113%	4h	324.87	−0.031%	$35K	$349K	10x	as long as short
Binance ARMUSDT	+0.0128%	8h	325.32	+0.108%	$8.6M	$51.0M	20x	as long as short
Extended ARM-USD	+0.0128%	1h	325.35	+0.117%	$39K	$188K	10x	as long as short
Phoenix ARMlong	+0.0198%	1h	324.97	long leg	$5K	$460K	10x
Injective ARM/USDC PERP	+0.0220%	1h	328.17	+0.985%	$5K	$52K	12x	as long as short
GRVT ARM_USDT_Perp	+0.0223%	8h	324.97	0.000%	$845	$207K	10x	as long as short
KuCoin ARMUSDTM	+0.0456%	8h	325.33	+0.111%	$2.3M	$119K	20x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0519%	1h	325.16	+0.058%	$12K	$145K	10x	as long as short