Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.003%

Price spread now: Polymarket Perps against Bybit−0.031%7-day average −0.096% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$490.489% of the position

Long on Bybit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.093%+$9 on $10k

Price spread, last 7 days+0.107%+$11 · spread now −0.031%, 7d avg −0.096%

Together, before fees+0.200%+$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.065% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.096%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARMUSDT	318.91	0	get 0.0000% / 8h	2h 26m	$1.9M	$2.2M	25x
Short	Polymarket Perps ARM-USD	318.81	0.0050	get 0.0006% / 1h	26m 22s	$369K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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

Position, each leg$Hold fordaysFee BybitbpFee Polymarket PerpsbpOrdersPrice spread, now −0.031%Rate

Funding earned: $10.5
Price spread: −0.031% → −0.096%: $6.51
Slippage, 4 orders: −$29.87
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$31.86
Costs to cover: 0.489%
Break-even: 28.2 days

Slippage from Bybit: live order book, just now; Polymarket Perps: live order book, 2 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 Bybit live order book, just now	5.64 bp	18.2 bp −$18	77.4 bp −$774	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	2.98 bp	7.0 bp −$7	8.6 bp −$86	23.9 bp −$2,389	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
Bitget ARMUSDT	−0.0818%	8h	319.02	+0.034%	$1.8M	$4.0M	20x	as long as short
Aster ARMUSDT	0.0000%	8h	318.96	+0.015%	$7K	$126K	20x	as long as short
Extended ARM-USD	0.0000%	1h	318.93	+0.005%	$38K	$272K	10x	as long as short
Binance ARMUSDT	0.0000%	8h	319.02	+0.034%	$8.2M	$50.6M	20x	as long as short
Bybit ARMUSDTlong	0.0000%	8h	318.91	long leg	$1.9M	$2.2M	25x
OKX ARM-USDT-SWAP	0.0000%	8h	318.87	−0.013%	$1.6M	$6.6M	20x	as long as short
Gate ARM_USDT	0.0000%	8h	319.07	+0.050%	$1.4M	$4.4M	50x	as long as short
Variational Omni ARM	0.0000%	8h	319.96	+0.329%	$191K	$292K	—	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	319.89	+0.307%	$560	$218K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	318.79	−0.038%	$791	$2.5M	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ARM-USDT	0.0000%	8h	318.85	−0.019%	$18K	$17K	20x	as long as short
BloFin ARM-USDT	+0.0008%	8h	318.67	−0.075%	$121K	$50K	20x	as long as short
QFEX ARM-USD	+0.0011%	1h	318.90	−0.003%	$1.1M	$3.6M	10x	as long as short
Lighter ARM	+0.0032%	1h	318.64	−0.085%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	318.97	+0.019%	—	—	10x	as long as short
Polymarket Perps ARM-USDshort	+0.0050%	1h	318.81	−0.031%	$369K	$1.3M	10x
Ondo Perps ARM-USD.P	+0.0050%	1h	319.61	+0.219%	$184K	$426K	10x	as long as short
KuCoin ARMUSDTM	+0.0100%	8h	319.06	+0.047%	$2.3M	$119K	20x	as long as short
tradeXYZ xyz:ARM	+0.0145%	1h	319.01	+0.031%	$8.0M	$8.7M	10x	as long as short
Coinbase International ARM-PERP-INTX	+0.0176%	1h	320.61	+0.533%	$100K	$304K	10x	as long as short
Phoenix ARM	+0.0200%	1h	320.06	+0.361%	$5K	$446K	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	324.54	+1.765%	$5K	$50K	12x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0566%	1h	318.89	−0.006%	$12K	$59K	10x	as long as short
edgeX ARMUSDC	+0.0651%	4h	319.81	+0.283%	$34K	$350K	10x	as long as short