Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.054%

Price spread now: tradeXYZ against Bybit+0.076%7-day average −0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$600.600% of the position

Long on Bybit Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.179%+$18 on $10k

Price spread, last 7 days−0.131%−$13 · spread now +0.076%, 7d avg −0.057%

Together, before fees+0.048%+ Points / potential airdroptradeXYZ: Active · farm board+$5 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 tradeXYZ is 0.134% dearer against Bybit than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARMUSDT	327.43	0	get 0.0000% / 8h	6h 13m	$2.0M	$2.2M	25x
Short	tradeXYZ xyz:ARM	327.68	0.0050	get 0.0006% / 1h	13m 32s	$8.3M	$8.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.076%Rate

Funding earned: $10.5
Price spread: +0.076% → −0.057%: $13.38
Slippage, 4 orders: −$31.05
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$36.16
Costs to cover: 0.600%
Break-even: 31.1 days

Slippage from Bybit: live order book, 3 min ago; tradeXYZ: live order book, 5 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, 3 min ago	4.42 bp	15.6 bp −$16	81.1 bp −$811	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 5 min ago	4.11 bp	13.1 bp −$13	17.9 bp −$179	doesn't fit	doesn't fit

ARM on 23 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 ARMUSDC	−0.0069%	4h	327.83	+0.122%	$35K	$347K	10x	as long as short
Coinbase International ARM-PERP-INTX	−0.0024%	1h	328.15	+0.220%	$99K	$287K	10x	as long as short
Aster ARMUSDT	0.0000%	8h	328.09	+0.202%	$7K	$126K	20x	as long as short
Bybit ARMUSDTlong	0.0000%	8h	327.43	long leg	$2.0M	$2.2M	25x
OKX ARM-USDT-SWAP	0.0000%	8h	327.28	−0.046%	$1.7M	$6.6M	20x	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	328.01	+0.178%	$853	$186K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	328.36	+0.284%	$1K	$2.8M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	328.57	+0.348%	$18K	$16K	20x	as long as short
QFEX ARM-USD	+0.0015%	1h	327.62	+0.058%	$1.1M	$4.4M	10x	as long as short
Lighter ARM	+0.0032%	1h	327.68	+0.076%	—	—	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest ARM-USD-PERP	+0.0046%	1h	327.71	+0.086%	—	—	10x	as long as short
tradeXYZ xyz:ARMshort	+0.0050%	1h	327.68	+0.076%	$8.3M	$8.9M	10x
Polymarket Perps ARM-USD	+0.0050%	1h	327.35	−0.024%	$379K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	327.48	+0.015%	$201K	$398K	10x	as long as short
Phoenix ARM	+0.0121%	1h	328.39	+0.293%	$5K	$444K	10x	as long as short
Variational Omni ARM	+0.0121%	8h	328.01	+0.178%	$213K	$331K	—	as long as short
Gate ARM_USDT	+0.0138%	8h	328.09	+0.202%	$1.5M	$4.2M	50x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	332.02	+1.402%	$5K	$50K	12x	as long as short
Binance ARMUSDT	+0.0236%	8h	327.59	+0.050%	$8.6M	$50.4M	20x	as long as short
Extended ARM-USD	+0.0240%	1h	327.80	+0.114%	$36K	$273K	10x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0269%	1h	327.83	+0.122%	$12K	$125K	10x	as long as short
Bitget ARMUSDT	+0.0445%	8h	328.32	+0.272%	$1.8M	$3.8M	20x	as long as short
KuCoin ARMUSDTM	+0.0763%	8h	328.10	+0.205%	$2.4M	$120K	20x	as long as short