Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h −0.011%

Price spread now: SunX against QFEX−0.105%7-day average −0.007% · you buy dearer than you sell

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

Long on QFEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.014%−$1 on $10k

Price spread, last 3 days (all we have)+0.032%+$3 · spread now −0.105%, 7d avg −0.007%

Together, before fees+0.018%+$2 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 SunX is 0.098% cheaper against QFEX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.007%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX ARM-USD	324.25	0.0043	pay 0.0005% / 1h	14m 13s	$1.1M	$4.7M	10x
Short	SunX ARM-USDT	323.91	0	get 0.0000% / 8h	1h 14m	$1K	$3.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.105%Rate

Funding earned: −$9.04
Price spread: −0.105% → −0.007%: −$9.79
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$36.82
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 4 min ago; SunX: live order book, 3 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 QFEX live order book, 4 min ago	1.39 bp	9.3 bp −$9	12.2 bp −$122	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	500.12 bp	doesn't fit	doesn't fit	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	−0.0113%	4h	324.38	+0.041%	$34K	$350K	10x	as long as short
BloFin ARM-USDT	−0.0030%	8h	324.28	+0.009%	$123K	$44K	20x	as long as short
Aster ARMUSDT	0.0000%	8h	324.26	+0.002%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	324.34	+0.028%	$2.0M	$2.6M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	324.21	−0.012%	$1.7M	$6.8M	20x	as long as short
Bitget ARMUSDT	0.0000%	8h	324.35	+0.031%	$1.7M	$4.2M	20x	as long as short
Variational Omni ARM	0.0000%	8h	324.49	+0.074%	$277K	$459K	—	as long as short
SunX ARM-USDTshort	0.0000%	8h	323.91	−0.105%	$1K	$3.2M	10x
Deribit ARM_USDC-PERPETUAL	0.0000%	1h	324.32	+0.022%	$12K	$145K	10x	as long as short
HTX ARM-USDT	0.0000%	8h	324.75	+0.154%	$18K	$16K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter ARM	+0.0032%	1h	324.35	+0.031%	—	—	10x	as long as short
QFEX ARM-USDlong	+0.0043%	1h	324.25	long leg	$1.1M	$4.7M	10x
Vest ARM-USD-PERP	+0.0046%	1h	324.50	+0.077%	—	—	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	324.19	−0.019%	$365K	$1.5M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	324.43	+0.056%	$215K	$555K	10x	as long as short
Gate ARM_USDT	+0.0057%	8h	324.52	+0.083%	$1.5M	$4.1M	50x	as long as short
Coinbase International ARM-PERP-INTX	+0.0088%	1h	324.27	+0.006%	$88K	$299K	10x	as long as short
Binance ARMUSDT	+0.0116%	8h	324.39	+0.043%	$8.6M	$51.2M	20x	as long as short
Extended ARM-USD	+0.0120%	1h	324.30	+0.017%	$39K	$188K	10x	as long as short
Phoenix ARM	+0.0198%	1h	324.61	+0.111%	$5K	$460K	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	327.86	+1.113%	$5K	$52K	12x	as long as short
tradeXYZ xyz:ARM	+0.0231%	1h	324.46	+0.065%	$7.9M	$10.1M	10x	as long as short
GRVT ARM_USDT_Perp	+0.0231%	8h	324.42	+0.051%	$873	$210K	10x	as long as short
KuCoin ARMUSDTM	+0.0393%	8h	324.72	+0.145%	$2.3M	$118K	20x	as long as short