Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h +0.041%

Price spread now: Gate against Coinbase International+0.148%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$930.928% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.200%−$20 on $10k

Price spread, last 3 days (all we have)−0.022%−$2 · spread now +0.148%, 7d avg +0.046%

Together, before fees−0.223%−$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Gate is 0.102% dearer against Coinbase International than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.046%. Mind the row above: over the last 7 days funding on this pair cost −0.200%, 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	325.14	0.0016	pay 0.0002% / 1h	45m 05s	$88K	$288K	10x
Short	Gate ARM_USDT	325.62	0.0052	get 0.0052% / 8h	45m 05s	$1.5M	$4.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.148%Rate

Funding earned: $7.56
Price spread: +0.148% → +0.046%: $10.17
Slippage, 4 orders: −$67.78
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$75.05
Costs to cover: 0.928%
Break-even: 76.5 days

Slippage from Coinbase International: live order book, 33 min ago; Gate: live order book, 3 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, 33 min ago	7.41 bp	13.2 bp −$13	19.6 bp −$196	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	2.15 bp	33.5 bp −$33	61.3 bp −$613	81.3 bp −$8,134	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
edgeX ARMUSDC	−0.0978%	4h	325.28	+0.044%	$35K	$351K	10x	as long as short
BloFin ARM-USDT	−0.0001%	8h	325.52	+0.117%	$124K	$45K	20x	as long as short
Aster ARMUSDT	0.0000%	8h	325.13	−0.004%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	325.49	+0.108%	$2.0M	$2.5M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	325.48	+0.105%	$1.7M	$6.8M	20x	as long as short
Bitget ARMUSDT	0.0000%	8h	325.40	+0.080%	$1.8M	$4.2M	20x	as long as short
SunX ARM-USDT	0.0000%	8h	325.03	−0.034%	$1K	$3.2M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	325.57	+0.132%	$18K	$17K	20x	as long as short
Coinbase International ARM-PERP-INTXlong	+0.0016%	1h	325.14	long leg	$88K	$288K	10x
Variational Omni ARM	+0.0022%	8h	325.49	+0.109%	$213K	$523K	—	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	325.34	+0.062%	—	—	10x	as long as short
QFEX ARM-USD	+0.0033%	1h	325.41	+0.083%	$1.1M	$4.7M	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	325.44	+0.092%	—	—	10x	as long as short
tradeXYZ xyz:ARM	+0.0050%	1h	325.41	+0.083%	$8.0M	$9.7M	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	325.29	+0.046%	$465K	$1.7M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	324.87	−0.083%	$208K	$552K	10x	as long as short
Gate ARM_USDTshort	+0.0052%	8h	325.62	+0.148%	$1.5M	$4.1M	50x
Deribit ARM_USDC-PERPETUAL	+0.0088%	1h	325.48	+0.105%	$12K	$145K	10x	as long as short
Extended ARM-USD	+0.0136%	1h	325.36	+0.068%	$39K	$188K	10x	as long as short
Binance ARMUSDT	+0.0139%	8h	325.41	+0.083%	$8.6M	$51.0M	20x	as long as short
GRVT ARM_USDT_Perp	+0.0218%	8h	325.34	+0.062%	$420	$207K	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	328.17	+0.932%	$5K	$52K	12x	as long as short
Phoenix ARM	+0.0271%	1h	325.51	+0.114%	$5K	$460K	10x	as long as short
KuCoin ARMUSDTM	+0.0494%	8h	325.69	+0.169%	$2.3M	$118K	20x	as long as short