Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0121%/8h= −13.3% APRpaid last 24h −0.025%

Price spread now: GRVT against Phoenix+0.122%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$93as in the Funding arb table

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

costs, in and out, $10k−$740.740% of the position

Long on Phoenix Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.194%−$19 on $10k

Price spread, last 4 days (all we have)−0.274%−$27 · spread now +0.122%, 7d avg +0.014%

Together, before fees−0.468%+ Points / potential airdropGRVT: Active · farm board−$47 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.108% dearer against Phoenix than usual: you sell high and buy low (spread +0.122% now, against its 7-day average of +0.014%): +$11 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix ARM	328.39	0.0121	pay 0.0015% / 1h	23m 39s	$5K	$444K	10x
Short	GRVT ARM_USDT_Perp	328.79	0	get 0.0000% / 8h	6h 23m	$727	$185K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.122%Rate

Funding earned: −$25.43
Price spread: +0.122% → +0.014%: $10.82
Slippage, 4 orders: −$57.96
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$88.56
Costs to cover: 0.740%
Break-even: never at this rate

Slippage from Phoenix: live order book, 43 min ago; GRVT: live order book, 44 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, 43 min ago	6.36 bp	18.9 bp −$19	40.6 bp −$406	doesn't fit	doesn't fit
Sell GRVT live order book, 44 min ago	1.97 bp	13.5 bp −$14	doesn't fit	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	328.06	−0.100%	$99K	$287K	10x	as long as short
Aster ARMUSDT	0.0000%	8h	328.91	+0.157%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	328.97	+0.177%	$2.0M	$2.2M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	328.86	+0.143%	$1.7M	$6.6M	20x	as long as short
GRVT ARM_USDT_Perpshort	0.0000%	8h	328.79	+0.122%	$727	$185K	10x
SunX ARM-USDT	0.0000%	8h	328.96	+0.174%	$1K	$2.9M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	329.22	+0.253%	$18K	$16K	20x	as long as short
QFEX ARM-USD	+0.0015%	1h	329.03	+0.195%	$1.1M	$4.4M	10x	as long as short
Lighter ARM	+0.0032%	1h	328.80	+0.125%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	329.15	+0.231%	—	—	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	328.86	+0.143%	$8.3M	$8.8M	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	329.01	+0.189%	$381K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	328.64	+0.076%	$204K	$399K	10x	as long as short
Phoenix ARMlong	+0.0121%	1h	328.39	long leg	$5K	$444K	10x
Variational Omni ARM	+0.0142%	8h	329.17	+0.236%	$214K	$333K	—	as long as short
edgeX ARMUSDC	+0.0157%	4h	328.73	+0.103%	$35K	$344K	10x	as long as short
Gate ARM_USDT	+0.0176%	8h	329.32	+0.283%	$1.5M	$4.2M	50x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	331.58	+0.971%	$5K	$50K	12x	as long as short
Binance ARMUSDT	+0.0262%	8h	328.93	+0.166%	$8.7M	$50.5M	20x	as long as short
Extended ARM-USD	+0.0264%	1h	328.85	+0.139%	$36K	$274K	10x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0328%	1h	329.13	+0.225%	$12K	$125K	10x	as long as short
Bitget ARMUSDT	+0.0519%	8h	328.99	+0.183%	$1.8M	$3.8M	20x	as long as short
KuCoin ARMUSDTM	+0.0791%	8h	329.12	+0.222%	$2.4M	$121K	20x	as long as short