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: QFEX against SunX+0.061%7-day average +0.011% · you sell dearer than you buy

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

Long on SunX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.015%+$1 on $10k

Price spread, last 3 days (all we have)−0.014%−$1 · spread now +0.061%, 7d avg +0.011%

Together, before fees+0.001%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.049% dearer against SunX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ARM-USDT	329.65	0	get 0.0000% / 8h	7h 06m	$1K	$2.9M	10x
Short	QFEX ARM-USD	329.85	0.0026	get 0.0003% / 1h	6m 01s	$1.1M	$4.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against SunX. 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 SunXbpFee QFEXbpOrdersPrice spread, now +0.061%Rate

Funding earned: $5.41
Price spread: +0.061% → +0.011%: $4.94
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$7.65
Costs to cover: 0.180%
Break-even: 16.9 days

Slippage unknown: SunX: live order book, 12 min ago; QFEX: live order book, 7 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 SunX live order book, 12 min ago	500.11 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 7 min ago	1.21 bp	7.7 bp −$8	13.0 bp −$130	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
Aster ARMUSDT	0.0000%	8h	329.78	+0.040%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	330.08	+0.130%	$2.0M	$2.2M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	330.09	+0.133%	$1.7M	$6.7M	20x	as long as short
SunX ARM-USDTlong	0.0000%	8h	329.65	long leg	$1K	$2.9M	10x
HTX ARM-USDT	0.0000%	8h	330.51	+0.261%	$18K	$16K	20x	as long as short
BloFin ARM-USDT	+0.0002%	8h	330.08	+0.130%	$127K	$46K	20x	as long as short
QFEX ARM-USDshort	+0.0026%	1h	329.85	+0.061%	$1.1M	$4.6M	10x
Lighter ARM	+0.0032%	1h	329.70	+0.015%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	330.12	+0.143%	—	—	10x	as long as short
Coinbase International ARM-PERP-INTX	+0.0048%	1h	330.10	+0.137%	$91K	$284K	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ARM-USD.P	+0.0050%	1h	329.80	+0.046%	$204K	$524K	10x	as long as short
Polymarket Perps ARM-USD	+0.0058%	1h	329.86	+0.064%	$382K	$1.3M	10x	as long as short
tradeXYZ xyz:ARM	+0.0100%	1h	329.83	+0.055%	$8.4M	$8.9M	10x	as long as short
GRVT ARM_USDT_Perp	+0.0161%	8h	330.18	+0.161%	$479	$188K	10x	as long as short
Phoenix ARM	+0.0197%	1h	330.30	+0.197%	$5K	$460K	10x	as long as short
Variational Omni ARM	+0.0205%	8h	330.08	+0.130%	$214K	$526K	—	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	333.61	+1.201%	$5K	$50K	12x	as long as short
Gate ARM_USDT	+0.0333%	8h	330.33	+0.206%	$1.5M	$4.1M	50x	as long as short
Extended ARM-USD	+0.0352%	1h	329.93	+0.086%	$38K	$273K	10x	as long as short
Binance ARMUSDT	+0.0352%	8h	329.94	+0.089%	$8.9M	$50.4M	20x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0387%	1h	329.95	+0.091%	$12K	$125K	10x	as long as short
edgeX ARMUSDC	+0.0667%	4h	330.18	+0.160%	$35K	$344K	10x	as long as short
KuCoin ARMUSDTM	+0.0824%	8h	330.40	+0.228%	$2.4M	$116K	20x	as long as short
Bitget ARMUSDT	+0.0881%	8h	330.04	+0.118%	$1.8M	$3.9M	20x	as long as short