Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Aster against Polymarket Perps+0.073%7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$214as in the Funding arb table

Net, price: spread back to 7d avg − costs−$188as in the Price arb table

costs, in and out, $10k−$1981.982% of the position

Long on Polymarket Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.160%−$16 on $10k

Price spread, last 4 days (all we have)−0.113%−$11 · spread now +0.073%, 7d avg −0.027%

Together, before fees−0.273%+ Points / potential airdropAster: Stage 5 · farm board−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.100% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.073% now, against its 7-day average of −0.027%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ARM-USD	328.72	0.0050	pay 0.0006% / 1h	28m 06s	$381K	$1.3M	10x
Short	Aster ARMUSDT	328.96	0	get 0.0000% / 8h	6h 28m	$7K	$126K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Polymarket 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 Polymarket PerpsbpFee AsterbpOrdersPrice spread, now +0.073%Rate

Funding earned: −$10.5
Price spread: +0.073% → −0.027%: $9.99
Slippage, 4 orders: −$182.2
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$198.71
Costs to cover: 1.982%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 5 min ago; Aster: live order book, 38 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 Polymarket Perps live order book, 5 min ago	2.44 bp	7.6 bp −$8	7.7 bp −$77	13.5 bp −$1,347	doesn't fit
Sell Aster live order book, 38 min ago	45.82 bp	127.2 bp −$127	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	−0.201%	$99K	$287K	10x	as long as short
Aster ARMUSDTshort	0.0000%	8h	328.96	+0.073%	$7K	$126K	20x
Bybit ARMUSDT	0.0000%	8h	328.80	+0.024%	$2.0M	$2.2M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	328.86	+0.043%	$1.7M	$6.6M	20x	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	327.88	−0.255%	$407	$186K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	328.74	+0.006%	$1K	$2.9M	10x	as long as short
Deribit ARM_USDC-PERPETUAL	0.0000%	1h	328.64	−0.024%	$12K	$125K	10x	as long as short
HTX ARM-USDT	0.0000%	8h	328.60	−0.037%	$18K	$16K	20x	as long as short
QFEX ARM-USD	+0.0015%	1h	328.48	−0.073%	$1.1M	$4.4M	10x	as long as short
Lighter ARM	+0.0032%	1h	328.67	−0.015%	—	—	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest ARM-USD-PERP	+0.0046%	1h	328.68	−0.012%	—	—	10x	as long as short
tradeXYZ xyz:ARM	+0.0050%	1h	328.77	+0.015%	$8.3M	$9.0M	10x	as long as short
Polymarket Perps ARM-USDlong	+0.0050%	1h	328.72	long leg	$381K	$1.3M	10x
Ondo Perps ARM-USD.P	+0.0050%	1h	327.33	−0.423%	$203K	$436K	10x	as long as short
Phoenix ARM	+0.0121%	1h	327.89	−0.252%	$5K	$444K	10x	as long as short
Variational Omni ARM	+0.0155%	8h	328.06	−0.200%	$213K	$392K	—	as long as short
Gate ARM_USDT	+0.0172%	8h	329.14	+0.128%	$1.5M	$4.2M	50x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	331.58	+0.870%	$5K	$50K	12x	as long as short
Extended ARM-USD	+0.0272%	1h	328.74	+0.007%	$36K	$274K	10x	as long as short
Binance ARMUSDT	+0.0274%	8h	328.83	+0.033%	$8.7M	$50.5M	20x	as long as short
Bitget ARMUSDT	+0.0529%	8h	328.84	+0.037%	$1.8M	$3.8M	20x	as long as short
edgeX ARMUSDC	+0.0629%	4h	328.35	−0.113%	$35K	$346K	10x	as long as short
KuCoin ARMUSDTM	+0.0798%	8h	329.00	+0.085%	$2.4M	$121K	20x	as long as short