Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0507%/8h= +55.5% APRpaid last 24h +0.033%

Price spread now: Bitget against QFEX+0.088%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$480.483% of the position

Long on QFEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.072%+$7 on $10k

Price spread, last 7 days−0.057%−$6 · spread now +0.088%, 7d avg +0.054%

Together, before fees+0.015%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Bitget is 0.034% dearer against QFEX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.054%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.072% in total (about 7.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX ARM-USD	328.76	0.0015	pay 0.0002% / 1h	26m 25s	$1.1M	$4.4M	10x
Short	Bitget ARMUSDT	329.05	0.0522	get 0.0522% / 8h	6h 26m	$1.8M	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against QFEX. 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 QFEXbpFee BitgetbpOrdersPrice spread, now +0.088%Rate

Funding earned: $106.43
Price spread: +0.088% → +0.054%: $3.44
Slippage, 4 orders: −$26.26
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $61.6
Costs to cover: 0.483%
Break-even: 2.9 days

Slippage from QFEX: live order book, 7 min ago; Bitget: live order book, 1 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 QFEX live order book, 7 min ago	1.22 bp	9.2 bp −$9	15.1 bp −$151	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	2.59 bp	18.0 bp −$18	34.2 bp −$342	71.9 bp −$7,188	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	−0.213%	$99K	$287K	10x	as long as short
Aster ARMUSDT	0.0000%	8h	328.86	+0.030%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	328.95	+0.058%	$2.0M	$2.2M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	329.18	+0.128%	$1.7M	$6.7M	20x	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	328.85	+0.028%	$408	$186K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	328.74	−0.006%	$1K	$2.9M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	328.60	−0.049%	$18K	$16K	20x	as long as short
QFEX ARM-USDlong	+0.0015%	1h	328.76	long leg	$1.1M	$4.4M	10x
Lighter ARM	+0.0032%	1h	328.62	−0.043%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	328.99	+0.070%	—	—	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	329.01	+0.076%	$8.3M	$9.0M	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	328.85	+0.027%	$381K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	328.74	−0.006%	$204K	$406K	10x	as long as short
Phoenix ARM	+0.0121%	1h	328.39	−0.113%	$5K	$444K	10x	as long as short
Variational Omni ARM	+0.0142%	8h	329.17	+0.123%	$214K	$333K	—	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0146%	1h	328.66	−0.030%	$12K	$125K	10x	as long as short
Gate ARM_USDT	+0.0176%	8h	329.30	+0.164%	$1.5M	$4.2M	50x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	331.58	+0.858%	$5K	$50K	12x	as long as short
Binance ARMUSDT	+0.0266%	8h	329.00	+0.072%	$8.7M	$50.5M	20x	as long as short
Extended ARM-USD	+0.0272%	1h	328.83	+0.023%	$36K	$274K	10x	as long as short
Bitget ARMUSDTshort	+0.0522%	8h	329.05	+0.088%	$1.8M	$3.8M	20x
edgeX ARMUSDC	+0.0751%	4h	328.45	−0.096%	$35K	$344K	10x	as long as short
KuCoin ARMUSDTM	+0.0793%	8h	329.05	+0.088%	$2.4M	$121K	20x	as long as short