Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0219%/8h= +24.0% APRpaid last 24h +0.064%

Price spread now: Phoenix against BloFin+0.046%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$570.571% of the position

Long on BloFin Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.244%+$24 on $10k

Price spread, last 4 days (all we have)+0.092%+$9 · spread now +0.046%, 7d avg +0.008%

Together, before fees+0.336%+$34 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Phoenix is 0.038% dearer against BloFin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ARM-USDT	327.21	−0.0024	get 0.0024% / 8h	4h 35m	$127K	$49K	20x
Short	Phoenix ARM	327.36	0.0195	get 0.0024% / 1h	35m 12s	$5K	$444K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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

Position, each leg$Hold fordaysFee BloFinbpFee PhoenixbpOrdersPrice spread, now +0.046%Rate

Funding earned: $46.01
Price spread: +0.046% → +0.008%: $3.77
Slippage, 4 orders: −$38.14
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$7.36
Costs to cover: 0.571%
Break-even: 8.1 days

Slippage from BloFin: live order book, 61 min ago; Phoenix: live order book, 22 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 BloFin live order book, 61 min ago	0.61 bp	10.8 bp −$11	23.9 bp −$239	doesn't fit	doesn't fit
Sell Phoenix live order book, 22 min ago	6.39 bp	18.9 bp −$19	40.8 bp −$408	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
BloFin ARM-USDTlong	−0.0024%	8h	327.21	long leg	$127K	$49K	20x
Aster ARMUSDT	0.0000%	8h	327.44	+0.072%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	327.26	+0.015%	$2.0M	$2.1M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	327.24	+0.009%	$1.7M	$6.7M	20x	as long as short
Variational Omni ARM	0.0000%	8h	327.28	+0.022%	$212K	$307K	—	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	327.44	+0.070%	$927	$197K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	327.17	−0.012%	$978	$2.7M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	327.07	−0.043%	$18K	$16K	20x	as long as short
QFEX ARM-USD	+0.0025%	1h	327.33	+0.037%	$1.1M	$4.0M	10x	as long as short
Binance ARMUSDT	+0.0029%	8h	327.30	+0.028%	$8.6M	$50.0M	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	327.12	−0.028%	—	—	10x	as long as short
Extended ARM-USD	+0.0032%	1h	327.25	+0.012%	$39K	$271K	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	327.55	+0.104%	—	—	10x	as long as short
tradeXYZ xyz:ARM	+0.0050%	1h	327.26	+0.015%	$8.3M	$8.8M	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	327.32	+0.034%	$379K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	327.05	−0.049%	$200K	$404K	10x	as long as short
Bitget ARMUSDT	+0.0053%	8h	327.41	+0.061%	$1.8M	$3.9M	20x	as long as short
Coinbase International ARM-PERP-INTX	+0.0088%	1h	327.37	+0.049%	$98K	$301K	10x	as long as short
Gate ARM_USDT	+0.0110%	8h	327.46	+0.076%	$1.5M	$4.3M	50x	as long as short
Phoenix ARMshort	+0.0195%	1h	327.36	+0.046%	$5K	$444K	10x
Injective ARM/USDC PERP	+0.0220%	1h	330.69	+1.064%	$5K	$50K	12x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0270%	1h	327.33	+0.037%	$12K	$125K	10x	as long as short
KuCoin ARMUSDTM	+0.0440%	8h	327.31	+0.031%	$2.3M	$119K	20x	as long as short
edgeX ARMUSDC	+0.0904%	4h	327.49	+0.087%	$35K	$348K	10x	as long as short