Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0589%/8h= −64.5% APRpaid last 24h −0.111%

Price spread now: edgeX against Extended−0.012%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$400.402% of the position

Long on Extended Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 4 days (all we have)−0.025%−$3 · spread now −0.012%, 7d avg +0.011%

Together, before fees−0.104%+ Points / potential airdropExtended: Active · edgeX: Active · farm board−$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and edgeX is 0.023% cheaper against Extended than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.011%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.079% in total (about -4.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ARM-USD	327.40	0.0032	pay 0.0004% / 1h	36m 58s	$39K	$271K	10x
Short	edgeX ARMUSDC	327.36	−0.0557	pay 0.0278% / 4h	36m 58s	$35K	$347K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Extended. 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 ExtendedbpFee edgeXbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$123.63
Price spread: −0.012% → +0.011%: −$2.33
Slippage, 4 orders: −$26.24
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$166.2
Costs to cover: 0.402%
Break-even: never at this rate

Slippage from Extended: live order book, 20 min ago; edgeX: live order book, 21 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 Extended live order book, 20 min ago	2.44 bp	14.3 bp −$14	104.4 bp −$1,044	doesn't fit	doesn't fit
Sell edgeX live order book, 21 min ago	0.91 bp	6.1 bp −$6	92.2 bp −$922	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
edgeX ARMUSDCshort	−0.0557%	4h	327.36	−0.012%	$35K	$347K	10x
Aster ARMUSDT	0.0000%	8h	327.39	−0.003%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	327.45	+0.015%	$2.0M	$2.1M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	327.60	+0.061%	$1.7M	$6.7M	20x	as long as short
Variational Omni ARM	0.0000%	8h	327.44	+0.012%	$212K	$308K	—	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	327.54	+0.043%	$675	$196K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	327.35	−0.015%	$1K	$2.7M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	327.05	−0.107%	$18K	$16K	20x	as long as short
QFEX ARM-USD	+0.0025%	1h	327.43	+0.009%	$1.1M	$4.0M	10x	as long as short
BloFin ARM-USDT	+0.0026%	8h	327.35	−0.015%	$128K	$49K	20x	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	327.13	−0.083%	—	—	10x	as long as short
Extended ARM-USDlong	+0.0032%	1h	327.40	long leg	$39K	$271K	10x
Binance ARMUSDT	+0.0032%	8h	327.51	+0.033%	$8.6M	$50.0M	20x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	327.64	+0.073%	—	—	10x	as long as short
tradeXYZ xyz:ARM	+0.0050%	1h	327.44	+0.012%	$8.3M	$8.8M	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	327.33	−0.022%	$379K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	327.48	+0.024%	$202K	$405K	10x	as long as short
Bitget ARMUSDT	+0.0075%	8h	327.57	+0.052%	$1.8M	$3.9M	20x	as long as short
Coinbase International ARM-PERP-INTX	+0.0088%	1h	327.37	−0.009%	$98K	$301K	10x	as long as short
Gate ARM_USDT	+0.0113%	8h	327.70	+0.091%	$1.5M	$4.3M	50x	as long as short
Phoenix ARM	+0.0195%	1h	327.36	−0.012%	$5K	$444K	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	330.69	+1.005%	$5K	$50K	12x	as long as short
KuCoin ARMUSDTM	+0.0449%	8h	327.44	+0.012%	$2.3M	$119K	20x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0789%	1h	327.50	+0.030%	$12K	$125K	10x	as long as short