Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h −0.046%

Price spread now: BloFin against Coinbase International−0.179%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$500.502% of the position

Long on Coinbase International Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.230%−$23 on $10k

Price spread, last 3 days (all we have)+0.249%+$25 · spread now −0.179%, 7d avg +0.011%

Together, before fees+0.019%+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.190% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.179% now, against its 7-day average of +0.011%). If the spread goes back, that is −$19 on $10k: about 2 months of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.230%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ARM-PERP-INTX	330.52	−0.0024	get 0.0003% / 1h	58m 22s	$90K	$286K	10x
Short	BloFin ARM-USDT	329.93	−0.0014	pay 0.0014% / 8h	6h 58m	$127K	$45K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Coinbase International. 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 Coinbase InternationalbpFee BloFinbpOrdersPrice spread, now −0.179%Rate

Funding earned: $2.13
Price spread: −0.179% → +0.011%: −$18.99
Slippage, 4 orders: −$28.2
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$67.06
Costs to cover: 0.502%
Break-even: 226.9 days

Slippage from Coinbase International: live order book, 10 min ago; BloFin: live order book, 57 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 Coinbase International live order book, 10 min ago	5.00 bp	10.0 bp −$10	16.7 bp −$167	doesn't fit	doesn't fit
Sell BloFin live order book, 57 min ago	0.15 bp	15.2 bp −$15	doesn't fit	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
Coinbase International ARM-PERP-INTXlong	−0.0024%	1h	330.52	long leg	$90K	$286K	10x
BloFin ARM-USDTshort	−0.0014%	8h	329.93	−0.179%	$127K	$45K	20x
Aster ARMUSDT	0.0000%	8h	329.69	−0.251%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	329.46	−0.321%	$2.0M	$2.2M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	329.13	−0.421%	$1.7M	$6.6M	20x	as long as short
SunX ARM-USDT	0.0000%	8h	329.81	−0.215%	$917	$2.9M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	330.26	−0.079%	$18K	$16K	20x	as long as short
QFEX ARM-USD	+0.0015%	1h	329.48	−0.315%	$1.1M	$4.5M	10x	as long as short
Lighter ARM	+0.0032%	1h	329.41	−0.336%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	329.85	−0.203%	—	—	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ARM	+0.0050%	1h	329.44	−0.327%	$8.4M	$8.9M	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	329.44	−0.327%	$381K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	329.57	−0.287%	$207K	$536K	10x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0053%	1h	329.73	−0.239%	$12K	$125K	10x	as long as short
GRVT ARM_USDT_Perp	+0.0178%	8h	330.29	−0.068%	$433	$188K	10x	as long as short
Phoenix ARM	+0.0197%	1h	330.17	−0.106%	$5K	$442K	10x	as long as short
Variational Omni ARM	+0.0213%	8h	330.08	−0.134%	$214K	$526K	—	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	333.61	+0.935%	$5K	$50K	12x	as long as short
Binance ARMUSDT	+0.0355%	8h	329.49	−0.312%	$8.9M	$50.3M	20x	as long as short
Extended ARM-USD	+0.0360%	1h	329.43	−0.330%	$36K	$278K	10x	as long as short
Gate ARM_USDT	+0.0413%	8h	329.68	−0.254%	$1.5M	$4.1M	50x	as long as short
KuCoin ARMUSDTM	+0.0841%	8h	329.92	−0.182%	$2.4M	$116K	20x	as long as short
Bitget ARMUSDT	+0.0899%	8h	329.51	−0.306%	$1.8M	$3.8M	20x	as long as short
edgeX ARMUSDC	+0.0960%	4h	330.35	−0.052%	$35K	$345K	10x	as long as short