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+0.0128%/8h= +14.0% APRpaid last 24h +0.013%
Price spread now: Coinbase International against Bybit−0.047%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$630.633% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.201%+$20 on $10k
Price spread, last 4 days (all we have)−0.122%−$12 · spread now −0.047%, 7d avg −0.042%
Together, before fees+0.079%+$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.042%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ARMUSDT322.480get 0.0000% / 8h3h 15m$1.9M$2.2M25x
ShortCoinbase International ARM-PERP-INTX322.330.0128get 0.0016% / 1h15m 45s$100K$314K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Bybit. 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
$26.88
Price spread: −0.047% → −0.042%
−$0.46
Slippage, 4 orders
−$42.32
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$36.9
Costs to cover
0.633%
Break-even
16.6 days
Slippage from Bybit: live order book, 1 min ago; Coinbase International: live order book, 37 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 Bybit live order book, 1 min ago6.04 bp18.4 bp −$1877.6 bp −$776doesn't fitdoesn't fit
Sell Coinbase International live order book, 37 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
edgeX ARMUSDC−0.0361%4h322.47−0.004%$34K$350K10xas long as short
Bitget ARMUSDT−0.0272%8h322.71+0.071%$1.8M$3.9M20xas long as short
BloFin ARM-USDT−0.0022%8h321.53−0.295%$123K$50K20xas long as short
Aster ARMUSDT0.0000%8h322.25−0.070%$7K$126K20xas long as short
Extended ARM-USD0.0000%1h322.51+0.009%$37K$272K10xas long as short
Binance ARMUSDT0.0000%8h322.45−0.008%$8.3M$50.7M20xas long as short
Bybit ARMUSDTlong0.0000%8h322.48long leg$1.9M$2.2M25x
OKX ARM-USDT-SWAP0.0000%8h322.41−0.022%$1.6M$6.7M20xas long as short
Gate ARM_USDT0.0000%8h322.54+0.019%$1.4M$4.4M50xas long as short
Variational Omni ARM0.0000%8h322.49+0.003%$208K$288Kas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT ARM_USDT_Perp0.0000%8h322.62+0.043%$868$214K10xas long as short
SunX ARM-USDT0.0000%8h321.74−0.229%$869$2.6M10xas long as short
HTX ARM-USDT0.0000%8h321.59−0.276%$18K$17K20xas long as short
QFEX ARM-USD+0.0014%1h322.480.000%$1.1M$3.7M10xas long as short
Deribit ARM_USDC-PERPETUAL+0.0029%1h322.58+0.031%$12K$59K10xas long as short
Lighter ARM+0.0032%1h322.11−0.115%10xas long as short
Vest ARM-USD-PERP+0.0046%1h322.45−0.009%10xas long as short
Polymarket Perps ARM-USD+0.0050%1h322.39−0.028%$373K$1.3M10xas long as short
Ondo Perps ARM-USD.P+0.0050%1h322.22−0.081%$186K$416K10xas long as short
tradeXYZ xyz:ARM+0.0121%1h322.51+0.009%$8.1M$8.7M10xas long as short
Phoenix ARM+0.0123%1h321.76−0.223%$5K$446K10xas long as short
Coinbase International ARM-PERP-INTXshort+0.0128%1h322.33−0.047%$100K$314K10x
KuCoin ARMUSDTM+0.0136%8h322.45−0.009%$2.3M$119K20xas long as short
Injective ARM/USDC PERP+0.0220%1h324.93+0.760%$5K$50K12xas long as short