Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0360%/8h= −39.4% APRpaid last 24h −0.108%

Price spread now: edgeX against Variational Omni−0.001%59s7-day average −0.004% · you buy dearer than you sell

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

Long on Variational Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.104%−$10 on $10k

Price spread, last 4 days (all we have)+0.067%+$7 · spread now −0.001%, 7d avg −0.004%

Together, before fees−0.037%+ Points / potential airdropVariational Omni: Active · edgeX: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.104% in total (about -11.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ARM	329.02	0.0037	pay 0.0037% / 8h	5h 34m	$214K	$321K	—
Short	edgeX ARMUSDC	329.01	−0.0322	pay 0.0161% / 4h	1h 34m	$35K	$346K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Variational Omni. 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 Variational OmnibpFee edgeXbpOrdersPrice spread, now −0.001%Rate

Funding earned: −$75.55
Price spread: −0.001% → −0.004%: $0.27
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$84.28
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 29 min ago; edgeX: live order book, 29 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 Variational Omni RFQ quote, 29 min ago	6.81 bp	doesn't fit	54.4 bp −$544	doesn't fit	doesn't fit
Sell edgeX live order book, 29 min ago	1.68 bp	6.8 bp −$7	94.7 bp −$947	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 ARMUSDCshort	−0.0322%	4h	329.01	−0.001%	$35K	$346K	10x
Coinbase International ARM-PERP-INTX	−0.0008%	1h	328.97	−0.014%	$101K	$293K	10x	as long as short
Aster ARMUSDT	0.0000%	8h	328.75	−0.081%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	328.98	−0.011%	$2.0M	$2.2M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	328.73	−0.087%	$1.7M	$6.7M	20x	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	329.07	+0.016%	$471	$187K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	328.76	−0.078%	$845	$2.7M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	328.75	−0.081%	$18K	$16K	20x	as long as short
QFEX ARM-USD	+0.0011%	1h	328.85	−0.050%	$1.1M	$4.3M	10x	as long as short
BloFin ARM-USDT	+0.0026%	8h	328.78	−0.072%	$127K	$48K	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	328.64	−0.114%	—	—	10x	as long as short
Variational Omni ARMlong	+0.0037%	8h	329.02	long leg	$214K	$321K	—
Vest ARM-USD-PERP	+0.0046%	1h	328.93	−0.026%	—	—	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	328.72	−0.090%	$381K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	329.02	+0.001%	$202K	$406K	10x	as long as short
tradeXYZ xyz:ARM	+0.0060%	1h	328.85	−0.050%	$8.3M	$8.8M	10x	as long as short
Gate ARM_USDT	+0.0114%	8h	329.12	+0.032%	$1.4M	$4.2M	50x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0115%	1h	328.77	−0.075%	$12K	$125K	10x	as long as short
Phoenix ARM	+0.0122%	1h	328.96	−0.017%	$5K	$434K	10x	as long as short
Binance ARMUSDT	+0.0144%	8h	328.90	−0.037%	$8.6M	$50.0M	20x	as long as short
Extended ARM-USD	+0.0144%	1h	328.81	−0.062%	$36K	$272K	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	332.09	+0.934%	$5K	$50K	12x	as long as short
Bitget ARMUSDT	+0.0294%	8h	328.96	−0.017%	$1.8M	$3.8M	20x	as long as short
KuCoin ARMUSDTM	+0.0664%	8h	328.91	−0.032%	$2.4M	$119K	20x	as long as short