Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.054%

Price spread now: Bybit against tradeXYZ+0.030%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$590.588% of the position

Long on tradeXYZ Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.179%−$18 on $10k

Price spread, last 7 days+0.024%+$2 · spread now +0.030%, 7d avg +0.057%

Together, before fees−0.155%+ Points / potential airdroptradeXYZ: Active · farm board−$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.027% cheaper against tradeXYZ than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.057%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:ARM	328.17	0.0050	pay 0.0006% / 1h	18m 19s	$8.3M	$8.9M	10x
Short	Bybit ARMUSDT	328.27	0	get 0.0000% / 8h	6h 18m	$2.0M	$2.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against tradeXYZ. 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 tradeXYZbpFee BybitbpOrdersPrice spread, now +0.030%Rate

Funding earned: −$10.5
Price spread: +0.030% → +0.057%: −$2.7
Slippage, 4 orders: −$29.75
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$71.95
Costs to cover: 0.588%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 10 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 tradeXYZ live order book, 10 min ago	1.37 bp	12.3 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	4.26 bp	15.4 bp −$15	80.0 bp −$800	doesn't fit	doesn't fit

ARM on 23 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
Coinbase International ARM-PERP-INTX	−0.0024%	1h	328.06	−0.034%	$99K	$287K	10x	as long as short
Aster ARMUSDT	0.0000%	8h	328.17	0.000%	$7K	$126K	20x	as long as short
Bybit ARMUSDTshort	0.0000%	8h	328.27	+0.030%	$2.0M	$2.2M	25x
OKX ARM-USDT-SWAP	0.0000%	8h	328.36	+0.058%	$1.7M	$6.6M	20x	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	328.80	+0.192%	$279	$185K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	328.36	+0.058%	$1K	$2.8M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	328.73	+0.171%	$18K	$16K	20x	as long as short
QFEX ARM-USD	+0.0015%	1h	328.12	−0.015%	$1.1M	$4.4M	10x	as long as short
Lighter ARM	+0.0032%	1h	328.06	−0.034%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	328.33	+0.049%	—	—	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ARMlong	+0.0050%	1h	328.17	long leg	$8.3M	$8.9M	10x
Polymarket Perps ARM-USD	+0.0050%	1h	328.11	−0.018%	$380K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	328.07	−0.030%	$204K	$402K	10x	as long as short
Phoenix ARM	+0.0121%	1h	328.81	+0.195%	$5K	$444K	10x	as long as short
Variational Omni ARM	+0.0132%	8h	328.41	+0.074%	$213K	$332K	—	as long as short
Gate ARM_USDT	+0.0153%	8h	328.55	+0.116%	$1.5M	$4.2M	50x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	331.58	+1.039%	$5K	$50K	12x	as long as short
Extended ARM-USD	+0.0248%	1h	328.18	+0.003%	$36K	$278K	10x	as long as short
Binance ARMUSDT	+0.0249%	8h	328.34	+0.051%	$8.6M	$50.4M	20x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0420%	1h	328.36	+0.058%	$12K	$125K	10x	as long as short
Bitget ARMUSDT	+0.0492%	8h	328.38	+0.064%	$1.8M	$3.8M	20x	as long as short
edgeX ARMUSDC	+0.0750%	4h	328.39	+0.066%	$35K	$346K	10x	as long as short
KuCoin ARMUSDTM	+0.0775%	8h	328.38	+0.064%	$2.4M	$120K	20x	as long as short