Settings8H · net · $10k
Funding arb · Price arb /

ARM

RWAall ARM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0224%/8h= −24.5% APRpaid last 24h −0.054%
Price spread now: SunX against Phoenix−0.003%69s7-day average −0.008% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.291%−$29 on $10k
Price spread, last 4 days (all we have)−0.211%−$21 · spread now −0.003%, 7d avg −0.008%
Together, before fees−0.502%−$50 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate. The two prices were read 69 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix ARM320.460.0224pay 0.0028% / 1h2m 06s$5K$414K10x
ShortSunX ARM-USDT320.450get 0.0000% / 8h7h 02m$1K$2.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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

Funding earned
−$46.99
Price spread: −0.003% → −0.008%
$0.46
Slippage, 4 orders
no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee SunX: 4 bp × 2 orders
−$8
Net
−$61.53
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Phoenix: live order book, 30 min ago; SunX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix live order book, 30 min ago6.62 bp18.9 bp −$1940.8 bp −$408doesn't fitdoesn't fit
Sell SunX live order book, 5 min ago496.88 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

ARM on 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX ARMUSDC−0.0985%4h320.62+0.050%$35K$361K10xas long as short
Bitget ARMUSDT−0.0218%8h320.23−0.072%$1.7M$4.1M20xas long as short
Aster ARMUSDT0.0000%8h319.65−0.252%$7K$126K20xas long as short
Extended ARM-USD0.0000%1h320.04−0.130%$34K$317K10xas long as short
Binance ARMUSDT0.0000%8h320.27−0.059%$8.2M$49.9M20xas long as short
Bybit ARMUSDT0.0000%8h320.25−0.066%$1.9M$2.1M25xas long as short
OKX ARM-USDT-SWAP0.0000%8h320.07−0.122%$1.6M$6.0M20xas long as short
Gate ARM_USDT0.0000%8h320.29−0.053%$1.4M$4.1M50xas long as short
Variational Omni ARM0.0000%8h320.68+0.068%$185K$255Kas long as short
SunX ARM-USDTshort0.0000%8h320.45−0.003%$1K$2.2M10x
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ARM-USDT0.0000%8h320.40−0.019%$18K$13K20xas long as short
BloFin ARM-USDT+0.0016%8h320.19−0.084%$121K$53K20xas long as short
QFEX ARM-USD+0.0020%1h320.21−0.078%$1.1M$3.3M10xas long as short
Lighter ARM+0.0032%1h319.72−0.231%10xas long as short
Vest ARM-USD-PERP+0.0046%1h320.30−0.050%10xas long as short
Polymarket Perps ARM-USD+0.0050%1h320.16−0.094%$370K$1.2M10xas long as short
Ondo Perps ARM-USD.P+0.0050%1h320.33−0.041%$183K$429K10xas long as short
KuCoin ARMUSDTM+0.0100%8h320.23−0.072%$2.3M$191K20xas long as short
Coinbase International ARM-PERP-INTX+0.0104%1h320.32−0.044%$100K$280K10xas long as short
tradeXYZ xyz:ARM+0.0124%1h320.12−0.106%$8.1M$8.7M10xas long as short
Injective ARM/USDC PERP+0.0220%1h320.02−0.137%$11K$51K12xas long as short
Phoenix ARMlong+0.0224%1h320.46long leg$5K$414K10x
GRVT ARM_USDT_Perp+0.0290%8h320.71+0.078%$1K$243K10xas long as short
Deribit ARM_USDC-PERPETUAL+0.0844%1h320.21−0.078%$12K$56K10xas long as short