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−0.0017%/8h= −1.9% APRpaid last 24h +0.069%
Price spread now: KuCoin against Coinbase International−0.375%7-day average +0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$372as in the Funding arb table
Net, price: spread back to 7d avg − costs−$418as in the Price arb table
costs, in and out, $10k−$3773.773% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.052%+$5 on $10k
Price spread, last 4 days (all we have)+0.595%+$59 · spread now −0.375%, 7d avg +0.033%
Together, before fees+0.646%+$65 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.409% cheaper against Coinbase International than usual: you would sell low and buy high (−$41 if the spread goes back to its 7-day average of +0.033%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.052%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International ARM-PERP-INTX322.330.0128pay 0.0016% / 1h4m 51s$100K$314K10x
ShortKuCoin ARMUSDTM321.120.0111get 0.0111% / 8h3h 04m$2.3M$119K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
−$3.57
Price spread: −0.375% → +0.033%
−$40.86
Slippage, 4 orders
−$355.27
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$421.7
Costs to cover
3.773%
Break-even
never at this rate
Slippage from Coinbase International: live order book, 48 min ago; KuCoin: live order book, 7 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 Coinbase International live order book, 48 min ago7.08 bp13.4 bp −$1322.2 bp −$222doesn't fitdoesn't fit
Sell KuCoin live order book, 7 min ago5.76 bp187.8 bp −$188doesn't fitdoesn'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
Bitget ARMUSDT−0.0444%8h321.18−0.357%$1.8M$3.9M20xas long as short
BloFin ARM-USDT−0.0016%8h320.89−0.447%$122K$50K20xas long as short
Aster ARMUSDT0.0000%8h321.28−0.326%$7K$126K20xas long as short
Extended ARM-USD0.0000%1h320.98−0.420%$38K$252K10xas long as short
Binance ARMUSDT0.0000%8h321.02−0.406%$8.3M$50.8M20xas long as short
Bybit ARMUSDT0.0000%8h320.98−0.419%$1.9M$2.2M25xas long as short
OKX ARM-USDT-SWAP0.0000%8h320.83−0.465%$1.6M$6.7M20xas long as short
Gate ARM_USDT0.0000%8h321.23−0.341%$1.4M$4.4M50xas long as short
Variational Omni ARM0.0000%8h321.45−0.272%$191K$301Kas long as short
GRVT ARM_USDT_Perp0.0000%8h321.21−0.347%$723$215K10xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX ARM-USDT0.0000%8h321.00−0.413%$1K$2.6M10xas long as short
HTX ARM-USDT0.0000%8h321.23−0.341%$18K$16K20xas long as short
QFEX ARM-USD+0.0014%1h321.09−0.385%$1.1M$3.6M10xas long as short
Lighter ARM+0.0032%1h320.70−0.506%10xas long as short
Vest ARM-USD-PERP+0.0046%1h321.26−0.332%10xas long as short
Polymarket Perps ARM-USD+0.0050%1h321.00−0.413%$372K$1.3M10xas long as short
Ondo Perps ARM-USD.P+0.0050%1h321.56−0.239%$187K$426K10xas long as short
KuCoin ARMUSDTMshort+0.0111%8h321.12−0.375%$2.3M$119K20x
Phoenix ARM+0.0123%1h321.03−0.403%$5K$446K10xas long as short
Coinbase International ARM-PERP-INTXlong+0.0128%1h322.33long leg$100K$314K10x
tradeXYZ xyz:ARM+0.0136%1h321.33−0.310%$8.0M$8.6M10xas long as short
Injective ARM/USDC PERP+0.0220%1h324.93+0.807%$5K$50K12xas long as short
Deribit ARM_USDC-PERPETUAL+0.0748%1h321.06−0.394%$12K$59K10xas long as short
edgeX ARMUSDC+0.0911%4h320.93−0.433%$34K$349K10xas long as short