Settings8H · net · $10k
Funding arb · Price arb /

ARM

RWAall ARM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0147%/8h= +16.1% APRpaid last 24h +0.029%
Price spread now: Coinbase International against BloFin+0.053%58s7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$480.482% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.218%+$22 on $10k
Price spread, last 4 days (all we have)−0.137%−$14 · spread now +0.053%, 7d avg −0.013%
Together, before fees+0.082%+$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.066% dearer against BloFin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.013%. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ARM-USDT322.16−0.0019get 0.0019% / 8h3h 13m$123K$50K20x
ShortCoinbase International ARM-PERP-INTX322.330.0128get 0.0016% / 1h13m 40s$100K$314K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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

Funding earned
$30.92
Price spread: +0.053% → −0.013%
$6.6
Slippage, 4 orders
−$26.17
Fee BloFin: 6 bp × 2 orders
−$12
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$10.65
Costs to cover
0.482%
Break-even
9.4 days
Slippage from BloFin: live order book, 5 min ago; Coinbase International: live order book, 39 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 5 min ago0.78 bp15.9 bp −$1634.8 bp −$348doesn't fitdoesn't fit
Sell Coinbase International live order book, 39 min ago7.08 bp12.1 bp −$1217.4 bp −$174doesn't fitdoesn't fit

ARM on 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ARMUSDT−0.0297%8h322.66+0.155%$1.8M$3.9M20xas long as short
BloFin ARM-USDTlong−0.0019%8h322.16long leg$123K$50K20x
Aster ARMUSDT0.0000%8h322.18+0.007%$7K$126K20xas long as short
Extended ARM-USD0.0000%1h322.25+0.027%$37K$272K10xas long as short
Binance ARMUSDT0.0000%8h322.34+0.056%$8.3M$50.7M20xas long as short
Bybit ARMUSDT0.0000%8h322.31+0.047%$1.9M$2.2M25xas long as short
OKX ARM-USDT-SWAP0.0000%8h322.17+0.003%$1.6M$6.7M20xas long as short
Gate ARM_USDT0.0000%8h322.46+0.093%$1.4M$4.4M50xas long as short
Variational Omni ARM0.0000%8h322.49+0.102%$208K$288Kas long as short
GRVT ARM_USDT_Perp0.0000%8h322.06−0.031%$741$216K10xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX ARM-USDT0.0000%8h322.48+0.099%$871$2.6M10xas long as short
HTX ARM-USDT0.0000%8h321.59−0.177%$18K$17K20xas long as short
QFEX ARM-USD+0.0014%1h322.33+0.053%$1.1M$3.7M10xas long as short
Lighter ARM+0.0032%1h322.19+0.009%10xas long as short
Vest ARM-USD-PERP+0.0046%1h322.44+0.087%10xas long as short
Polymarket Perps ARM-USD+0.0050%1h322.22+0.019%$373K$1.3M10xas long as short
Ondo Perps ARM-USD.P+0.0050%1h321.97−0.059%$186K$416K10xas long as short
Phoenix ARM+0.0123%1h321.76−0.124%$5K$446K10xas long as short
Coinbase International ARM-PERP-INTXshort+0.0128%1h322.33+0.053%$100K$314K10x
tradeXYZ xyz:ARM+0.0128%1h322.40+0.074%$8.1M$8.7M10xas long as short
KuCoin ARMUSDTM+0.0133%8h322.38+0.068%$2.3M$119K20xas long as short
Injective ARM/USDC PERP+0.0220%1h324.93+0.860%$5K$50K12xas long as short
Deribit ARM_USDC-PERPETUAL+0.0557%1h322.33+0.053%$12K$59K10xas long as short
edgeX ARMUSDC+0.0906%4h322.13−0.011%$34K$351K10xas long as short