Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0422%/8h= −46.2% APRpaid last 24h −0.021%

Price spread now: Bitget against Injective−1.391%51s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Bitget is 1.391% cheaper against Injective than usual: you would sell low and buy high (−$139 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.081% in total (about -4.2% 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	Injective ARM/USDC PERP	327.18	0.0220	pay 0.0028% / 1h	20m 31s	$5K	$50K	12x
Short	Bitget ARMUSDT	322.63	−0.0202	pay 0.0202% / 8h	3h 20m	$1.8M	$3.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Injective. 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 InjectivebpFee BitgetbpOrdersPrice spread, now −1.391%Rate

Funding earned: −$88.62
Price spread: −1.391% → 0.000%: −$139.07
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$239.71
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Bitget: live order book, 2 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell Bitget live order book, 2 min ago	3.89 bp	18.5 bp −$19	28.8 bp −$288	80.6 bp −$8,064	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0743%	4h	321.57	−1.713%	$34K	$349K	10x	as long as short
Bitget ARMUSDTshort	−0.0202%	8h	322.63	−1.391%	$1.8M	$3.9M	20x
Aster ARMUSDT	0.0000%	8h	321.99	−1.586%	$7K	$126K	20x	as long as short
Extended ARM-USD	0.0000%	1h	322.13	−1.543%	$37K	$272K	10x	as long as short
Binance ARMUSDT	0.0000%	8h	321.97	−1.591%	$8.3M	$50.7M	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	322.03	−1.574%	$1.9M	$2.2M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	322.24	−1.510%	$1.6M	$6.7M	20x	as long as short
Gate ARM_USDT	0.0000%	8h	322.37	−1.470%	$1.5M	$4.4M	50x	as long as short
Variational Omni ARM	0.0000%	8h	322.57	−1.408%	$208K	$289K	—	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	322.26	−1.504%	$361	$213K	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	322.34	−1.479%	$1K	$2.6M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	321.80	−1.644%	$18K	$17K	20x	as long as short
BloFin ARM-USDT	+0.0011%	8h	322.51	−1.427%	$124K	$50K	20x	as long as short
QFEX ARM-USD	+0.0014%	1h	322.33	−1.482%	$1.1M	$3.7M	10x	as long as short
Lighter ARM	+0.0032%	1h	321.96	−1.595%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	322.46	−1.443%	—	—	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	321.96	−1.595%	$373K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	322.33	−1.482%	$186K	$415K	10x	as long as short
tradeXYZ xyz:ARM	+0.0110%	1h	322.03	−1.574%	$8.1M	$8.7M	10x	as long as short
Phoenix ARM	+0.0123%	1h	321.93	−1.605%	$5K	$446K	10x	as long as short
Coinbase International ARM-PERP-INTX	+0.0128%	1h	322.27	−1.501%	$99K	$311K	10x	as long as short
KuCoin ARMUSDTM	+0.0144%	8h	322.14	−1.540%	$2.3M	$119K	20x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0153%	1h	322.70	−1.369%	$12K	$59K	10x	as long as short
Injective ARM/USDC PERPlong	+0.0220%	1h	327.18	long leg	$5K	$50K	12x