Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0200%/8h= +21.9% APRpaid last 24h +0.016%

Price spread now: Coinbase International against Gate−0.128%50s7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$780.784% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.173%+$17 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now −0.128%, 7d avg −0.041%

Together, before fees+0.153%+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.087% cheaper against Gate than usual: you would sell low and buy high (spread −0.128% now, against its 7-day average of −0.041%). If the spread goes back, that is −$9 on $10k: about 35 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.173% in total) that is about 3.5 days. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ARM_USDT	320.46	0	get 0.0000% / 8h	1h 23m	$1.4M	$4.2M	50x
Short	Coinbase International ARM-PERP-INTX	320.05	0.0200	get 0.0025% / 1h	23m 21s	$99K	$297K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now −0.128%Rate

Funding earned: $42
Price spread: −0.128% → −0.041%: −$8.68
Slippage, 4 orders: −$53.39
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$45.08
Costs to cover: 0.784%
Break-even: 14.5 days

Slippage from Gate: live order book, 5 min ago; Coinbase International: live order book, 20 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 Gate live order book, 5 min ago	3.91 bp	22.7 bp −$23	45.7 bp −$457	57.2 bp −$5,721	doesn't fit
Sell Coinbase International live order book, 20 min ago	8.13 bp	13.1 bp −$13	15.6 bp −$156	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
Bitget ARMUSDT	−0.0903%	8h	320.46	0.000%	$1.7M	$4.0M	20x	as long as short
BloFin ARM-USDT	−0.0025%	8h	319.87	−0.184%	$122K	$51K	20x	as long as short
Aster ARMUSDT	0.0000%	8h	320.25	−0.066%	$7K	$126K	20x	as long as short
Extended ARM-USD	0.0000%	1h	320.34	−0.037%	$36K	$267K	10x	as long as short
Binance ARMUSDT	0.0000%	8h	320.42	−0.012%	$8.3M	$50.4M	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	320.48	+0.006%	$1.9M	$2.1M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	320.29	−0.053%	$1.6M	$6.6M	20x	as long as short
Gate ARM_USDTlong	0.0000%	8h	320.46	long leg	$1.4M	$4.2M	50x
Variational Omni ARM	0.0000%	8h	319.82	−0.200%	$184K	$282K	—	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	319.72	−0.229%	$249	$229K	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX ARM-USDT	0.0000%	8h	319.87	−0.184%	$1K	$2.5M	10x	as long as short
Deribit ARM_USDC-PERPETUAL	0.0000%	1h	320.12	−0.106%	$12K	$59K	10x	as long as short
HTX ARM-USDT	0.0000%	8h	319.53	−0.290%	$18K	$16K	20x	as long as short
QFEX ARM-USD	+0.0021%	1h	320.30	−0.050%	$1.1M	$3.5M	10x	as long as short
Lighter ARM	+0.0032%	1h	320.38	−0.025%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	320.36	−0.031%	—	—	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	320.26	−0.062%	$370K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	319.11	−0.421%	$184K	$432K	10x	as long as short
KuCoin ARMUSDTM	+0.0100%	8h	320.30	−0.050%	$2.3M	$119K	20x	as long as short
tradeXYZ xyz:ARM	+0.0172%	1h	320.53	+0.022%	$8.2M	$8.7M	10x	as long as short
Phoenix ARM	+0.0199%	1h	320.06	−0.125%	$5K	$444K	10x	as long as short
Coinbase International ARM-PERP-INTXshort	+0.0200%	1h	320.05	−0.128%	$99K	$297K	10x
Injective ARM/USDC PERP	+0.0220%	1h	323.41	+0.921%	$5K	$50K	12x	as long as short
edgeX ARMUSDC	+0.0271%	4h	319.54	−0.288%	$34K	$351K	10x	as long as short