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 −0.012%

Price spread now: OKX against QFEX+0.070%7-day average +0.044% · 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−$44as in the Price arb table

costs, in and out, $10k−$470.465% of the position

Long on QFEX Short on OKX

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−0.034%−$3 · spread now +0.070%, 7d avg +0.044%

Together, before fees+0.013%+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.026% dearer against QFEX than usual: you sell high and buy low (spread +0.070% now, against its 7-day average of +0.044%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX ARM-USD	329.66	0.0026	pay 0.0003% / 1h	30m 48s	$1.1M	$4.7M	10x
Short	OKX ARM-USDT-SWAP	329.89	0	get 0.0000% / 8h	7h 30m	$1.7M	$6.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$5.41
Price spread: +0.070% → +0.044%: $2.61
Slippage, 4 orders: −$26.52
Fee QFEX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$49.32
Costs to cover: 0.465%
Break-even: never at this rate

Slippage from QFEX: live order book, 3 min ago; OKX: live order book, 2 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, 3 min ago	1.82 bp	8.3 bp −$8	11.1 bp −$111	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.91 bp	15.0 bp −$15	53.9 bp −$539	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	−0.0158%	4h	328.76	−0.273%	$35K	$353K	10x	as long as short
BloFin ARM-USDT	−0.0002%	8h	329.75	+0.027%	$127K	$46K	20x	as long as short
Aster ARMUSDT	0.0000%	8h	329.69	+0.009%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	330.03	+0.112%	$2.0M	$2.1M	25x	as long as short
OKX ARM-USDT-SWAPshort	0.0000%	8h	329.89	+0.070%	$1.7M	$6.6M	20x
SunX ARM-USDT	0.0000%	8h	329.36	−0.091%	$958	$3.0M	10x	as long as short
Deribit ARM_USDC-PERPETUAL	0.0000%	1h	329.76	+0.030%	$12K	$125K	10x	as long as short
HTX ARM-USDT	0.0000%	8h	328.75	−0.276%	$18K	$16K	20x	as long as short
QFEX ARM-USDlong	+0.0026%	1h	329.66	long leg	$1.1M	$4.7M	10x
Lighter ARM	+0.0032%	1h	329.63	−0.009%	—	—	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT ARM_USDT_Perp	+0.0033%	8h	328.82	−0.254%	$437	$192K	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	329.83	+0.052%	—	—	10x	as long as short
Gate ARM_USDT	+0.0047%	8h	329.86	+0.061%	$1.5M	$4.1M	50x	as long as short
Coinbase International ARM-PERP-INTX	+0.0048%	1h	325.94	−1.128%	$89K	$282K	10x	as long as short
Ondo Perps ARM-USD.P	+0.0116%	1h	329.01	−0.197%	$204K	$524K	10x	as long as short
Phoenix ARM	+0.0197%	1h	328.85	−0.246%	$5K	$460K	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	331.89	+0.676%	$5K	$50K	12x	as long as short
Variational Omni ARM	+0.0221%	8h	329.69	+0.010%	$214K	$528K	—	as long as short
Polymarket Perps ARM-USD	+0.0260%	1h	329.62	−0.012%	$382K	$1.3M	10x	as long as short
tradeXYZ xyz:ARM	+0.0285%	1h	329.63	−0.009%	$8.2M	$8.6M	10x	as long as short
Extended ARM-USD	+0.0352%	1h	329.78	+0.035%	$38K	$334K	10x	as long as short
Binance ARMUSDT	+0.0352%	8h	329.87	+0.063%	$8.8M	$50.4M	20x	as long as short
Bitget ARMUSDT	+0.0530%	8h	329.74	+0.024%	$1.8M	$3.9M	20x	as long as short
KuCoin ARMUSDTM	+0.0772%	8h	329.89	+0.070%	$2.4M	$116K	20x	as long as short