ARM

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0038%/8h= +4.2% APRnext payment +$0.05 per $10,000 · paid last 24h +0.009%

Price spread now: Coinbase International against Polymarket Perps−0.182%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$440.436% of the position

Long on Polymarket Perps Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.125%+$12 on $10k

Price spread, last 3 days (all we have)+0.004%$0 · spread now −0.182%, 7d avg −0.017%

Together, before fees+0.129%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.165% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.182% now, against its 7-day average of −0.017%). If the spread goes back, that is −$16 on $10k: about 14 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ARM-USD	323.87	0.0050	pay 0.0006% / 1h	30m 01s	$365K	$1.5M	10x
Short	Coinbase International ARM-PERP-INTX	323.28	0.0088	get 0.0011% / 1h	30m 01s	$83K	$289K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.182%Rate

Funding earned: $7.98
Price spread: −0.182% → −0.017%: −$16.48
Slippage, 4 orders: −$25.6
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$52.1
Costs to cover: 0.436%
Break-even: 52.7 days

Slippage from Polymarket Perps: live order book, 3 min ago; Coinbase International: live order book, 53 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, 3 min ago	1.85 bp	8.9 bp −$9	11.3 bp −$113	16.3 bp −$1,625	doesn't fit
Sell Coinbase International live order book, 53 min ago	8.52 bp	14.2 bp −$14	22.2 bp −$222	doesn't fit	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
edgeX ARMUSDC	−0.0098%	4h	324.14	+0.084%	$34K	$349K	10x	as long as short
Aster ARMUSDT	0.0000%	8h	323.71	−0.048%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	324.20	+0.102%	$2.0M	$2.6M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	323.88	+0.003%	$1.7M	$6.8M	20x	as long as short
Bitget ARMUSDT	0.0000%	8h	323.91	+0.012%	$1.7M	$4.2M	20x	as long as short
Variational Omni ARM	0.0000%	8h	324.01	+0.045%	$276K	$459K	—	as long as short
SunX ARM-USDT	0.0000%	8h	323.48	−0.120%	$1K	$3.2M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	323.76	−0.034%	$18K	$16K	20x	as long as short
BloFin ARM-USDT	+0.0003%	8h	323.98	+0.034%	$123K	$44K	20x	as long as short
Lighter ARM	+0.0032%	1h	323.74	−0.040%	—	—	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARMUSDT	+0.0038%	8h	324.22	+0.110%	$8.6M	$51.1M	20x	as long as short
Extended ARM-USD	+0.0040%	1h	324.12	+0.077%	$39K	$188K	10x	as long as short
QFEX ARM-USD	+0.0043%	1h	323.88	+0.003%	$1.1M	$4.7M	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	324.18	+0.096%	—	—	10x	as long as short
Polymarket Perps ARM-USDlong	+0.0050%	1h	323.87	long leg	$365K	$1.5M	10x
Ondo Perps ARM-USD.P	+0.0050%	1h	323.74	−0.040%	$214K	$554K	10x	as long as short
Gate ARM_USDT	+0.0059%	8h	324.36	+0.151%	$1.5M	$4.1M	50x	as long as short
Coinbase International ARM-PERP-INTXshort	+0.0088%	1h	323.28	−0.182%	$83K	$289K	10x
GRVT ARM_USDT_Perp	+0.0137%	8h	323.71	−0.050%	$800	$210K	10x	as long as short
Phoenix ARM	+0.0198%	1h	323.91	+0.012%	$5K	$460K	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	326.88	+0.929%	$5K	$52K	12x	as long as short
tradeXYZ xyz:ARM	+0.0272%	1h	324.16	+0.090%	$7.8M	$10.0M	10x	as long as short
KuCoin ARMUSDTM	+0.0320%	8h	323.66	−0.065%	$2.3M	$117K	20x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0677%	1h	324.08	+0.065%	$12K	$145K	10x	as long as short