Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h −0.004%

Price spread now: Gate against QFEX+0.098%7-day average +0.060% · 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−$51as in the Price arb table

costs, in and out, $10k−$550.549% of the position

Long on QFEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.074%+$7 on $10k

Price spread, last 7 days−0.058%−$6 · spread now +0.098%, 7d avg +0.060%

Together, before fees+0.017%+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Gate is 0.038% dearer against QFEX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX ARM-USD	327.33	0.0025	pay 0.0003% / 1h	47m 01s	$1.1M	$4.0M	10x
Short	Gate ARM_USDT	327.65	0.0121	get 0.0121% / 8h	4h 47m	$1.5M	$4.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.098%Rate

Funding earned: $20.15
Price spread: +0.098% → +0.060%: $3.81
Slippage, 4 orders: −$29.92
Fee QFEX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$30.95
Costs to cover: 0.549%
Break-even: 17.8 days

Slippage from QFEX: live order book, 11 min ago; Gate: 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, 11 min ago	1.52 bp	9.2 bp −$9	13.8 bp −$138	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	5.19 bp	20.8 bp −$21	70.5 bp −$705	88.7 bp −$8,875	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
BloFin ARM-USDT	−0.0030%	8h	327.28	−0.015%	$128K	$48K	20x	as long as short
Aster ARMUSDT	0.0000%	8h	327.39	+0.019%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	327.35	+0.006%	$2.0M	$2.1M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	327.36	+0.009%	$1.7M	$6.7M	20x	as long as short
Variational Omni ARM	0.0000%	8h	328.08	+0.228%	$213K	$311K	—	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	327.32	−0.002%	$736	$194K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	327.11	−0.067%	$1K	$2.7M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	326.94	−0.119%	$18K	$16K	20x	as long as short
QFEX ARM-USDlong	+0.0025%	1h	327.33	long leg	$1.1M	$4.0M	10x
Lighter ARM	+0.0032%	1h	326.99	−0.104%	—	—	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest ARM-USD-PERP	+0.0046%	1h	327.69	+0.110%	—	—	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	327.36	+0.009%	$379K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	326.87	−0.141%	$202K	$396K	10x	as long as short
Extended ARM-USD	+0.0056%	1h	327.27	−0.017%	$39K	$271K	10x	as long as short
Binance ARMUSDT	+0.0057%	8h	327.37	+0.011%	$8.6M	$50.0M	20x	as long as short
tradeXYZ xyz:ARM	+0.0068%	1h	327.36	+0.009%	$8.3M	$8.8M	10x	as long as short
Coinbase International ARM-PERP-INTX	+0.0088%	1h	327.37	+0.012%	$98K	$301K	10x	as long as short
Gate ARM_USDTshort	+0.0121%	8h	327.65	+0.098%	$1.5M	$4.3M	50x
Bitget ARMUSDT	+0.0188%	8h	327.58	+0.076%	$1.8M	$3.9M	20x	as long as short
Phoenix ARM	+0.0195%	1h	328.13	+0.244%	$5K	$444K	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	332.08	+1.451%	$5K	$50K	12x	as long as short
KuCoin ARMUSDTM	+0.0495%	8h	327.40	+0.021%	$2.3M	$119K	20x	as long as short
edgeX ARMUSDC	+0.0675%	4h	327.33	0.000%	$35K	$348K	10x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0790%	1h	327.36	+0.009%	$12K	$125K	10x	as long as short