Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0026%/8h= −2.8% APRpaid last 24h 0.000%

Price spread now: Bybit against QFEX−0.006%7-day average +0.064% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$590.593% of the position

Long on QFEX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.047%+$5 on $10k

Price spread, last 7 days+0.104%+$10 · spread now −0.006%, 7d avg +0.064%

Together, before fees+0.150%+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.070% cheaper against QFEX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.064%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX ARM-USD	330.18	0.0026	pay 0.0003% / 1h	9m 12s	$1.1M	$4.6M	10x
Short	Bybit ARMUSDT	330.16	0	get 0.0000% / 8h	7h 09m	$2.0M	$2.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.006%Rate

Funding earned: −$5.41
Price spread: −0.006% → +0.064%: −$6.97
Slippage, 4 orders: −$38.25
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$71.63
Costs to cover: 0.593%
Break-even: never at this rate

Slippage from QFEX: live order book, 4 min ago; Bybit: live order book, 3 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, 4 min ago	1.21 bp	7.4 bp −$7	12.3 bp −$123	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	5.91 bp	23.4 bp −$23	83.3 bp −$833	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	−0.0910%	4h	330.22	+0.011%	$35K	$343K	10x	as long as short
Aster ARMUSDT	0.0000%	8h	329.78	−0.122%	$7K	$126K	20x	as long as short
Bybit ARMUSDTshort	0.0000%	8h	330.16	−0.006%	$2.0M	$2.2M	25x
OKX ARM-USDT-SWAP	0.0000%	8h	330.11	−0.021%	$1.7M	$6.7M	20x	as long as short
SunX ARM-USDT	0.0000%	8h	330.11	−0.021%	$1K	$2.9M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	330.51	+0.100%	$18K	$16K	20x	as long as short
BloFin ARM-USDT	+0.0005%	8h	330.25	+0.021%	$127K	$46K	20x	as long as short
QFEX ARM-USDlong	+0.0026%	1h	330.18	long leg	$1.1M	$4.6M	10x
Lighter ARM	+0.0032%	1h	329.91	−0.082%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	330.43	+0.076%	—	—	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International ARM-PERP-INTX	+0.0048%	1h	329.87	−0.094%	$90K	$284K	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	330.80	+0.188%	$204K	$528K	10x	as long as short
Polymarket Perps ARM-USD	+0.0071%	1h	330.14	−0.012%	$382K	$1.3M	10x	as long as short
tradeXYZ xyz:ARM	+0.0106%	1h	329.94	−0.073%	$8.4M	$8.9M	10x	as long as short
GRVT ARM_USDT_Perp	+0.0130%	8h	330.81	+0.190%	$506	$189K	10x	as long as short
Phoenix ARM	+0.0197%	1h	330.30	+0.036%	$5K	$460K	10x	as long as short
Variational Omni ARM	+0.0205%	8h	330.03	−0.047%	$214K	$526K	—	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	333.61	+1.039%	$5K	$50K	12x	as long as short
Gate ARM_USDT	+0.0327%	8h	330.38	+0.061%	$1.5M	$4.1M	50x	as long as short
Extended ARM-USD	+0.0352%	1h	329.96	−0.065%	$38K	$273K	10x	as long as short
Binance ARMUSDT	+0.0355%	8h	330.22	+0.012%	$8.9M	$50.4M	20x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0599%	1h	330.22	+0.012%	$12K	$125K	10x	as long as short
KuCoin ARMUSDTM	+0.0819%	8h	330.53	+0.106%	$2.4M	$116K	20x	as long as short
Bitget ARMUSDT	+0.0875%	8h	330.23	+0.015%	$1.8M	$3.9M	20x	as long as short