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: SunX against Polymarket Perps+0.027%7-day average +0.002% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.064%−$6 · spread now +0.027%, 7d avg +0.002%

Together, before fees−0.225%−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.025% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.027% now, against its 7-day average of +0.002%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 41 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ARM-USD	327.35	0.0050	pay 0.0006% / 1h	0m 20s	$379K	$1.3M	10x
Short	SunX ARM-USDT	327.44	0	get 0.0000% / 8h	6h 00m	$940	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$10.5
Price spread: +0.027% → +0.002%: $2.54
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$23.96
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 3 min ago; SunX: live order book, 7 min ago. Net counts fees only.

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	2.75 bp	8.1 bp −$8	9.1 bp −$91	15.2 bp −$1,521	doesn't fit
Sell SunX live order book, 7 min ago	500.22 bp	doesn't fit	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
edgeX ARMUSDC	−0.0446%	4h	327.15	−0.061%	$35K	$346K	10x	as long as short
Deribit ARM_USDC-PERPETUAL	−0.0025%	1h	327.56	+0.064%	$12K	$125K	10x	as long as short
Coinbase International ARM-PERP-INTX	−0.0024%	1h	327.41	+0.018%	$101K	$291K	10x	as long as short
Aster ARMUSDT	0.0000%	8h	327.42	+0.022%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	327.16	−0.058%	$2.0M	$2.2M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	327.06	−0.089%	$1.7M	$6.6M	20x	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	327.21	−0.043%	$1K	$186K	10x	as long as short
SunX ARM-USDTshort	0.0000%	8h	327.44	+0.027%	$940	$2.8M	10x
HTX ARM-USDT	0.0000%	8h	326.16	−0.364%	$18K	$16K	20x	as long as short
QFEX ARM-USD	+0.0015%	1h	327.46	+0.034%	$1.1M	$4.4M	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter ARM	+0.0032%	1h	327.45	+0.031%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	327.62	+0.082%	—	—	10x	as long as short
tradeXYZ xyz:ARM	+0.0050%	1h	327.00	−0.107%	$8.3M	$8.8M	10x	as long as short
Polymarket Perps ARM-USDlong	+0.0050%	1h	327.35	long leg	$379K	$1.3M	10x
Ondo Perps ARM-USD.P	+0.0050%	1h	327.16	−0.058%	$202K	$404K	10x	as long as short
Variational Omni ARM	+0.0090%	8h	327.34	−0.002%	$213K	$327K	—	as long as short
Gate ARM_USDT	+0.0119%	8h	327.38	+0.009%	$1.4M	$4.3M	50x	as long as short
Phoenix ARM	+0.0121%	1h	327.57	+0.067%	$5K	$444K	10x	as long as short
Binance ARMUSDT	+0.0204%	8h	327.00	−0.107%	$8.6M	$50.4M	20x	as long as short
Extended ARM-USD	+0.0208%	1h	327.22	−0.039%	$36K	$273K	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	332.02	+1.427%	$5K	$50K	12x	as long as short
Bitget ARMUSDT	+0.0263%	8h	327.70	+0.107%	$1.8M	$3.8M	20x	as long as short
KuCoin ARMUSDTM	+0.0721%	8h	327.54	+0.058%	$2.3M	$119K	20x	as long as short