Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.044%

Price spread now: Coinbase International against OKX−1.329%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$182as in the Price arb table

costs, in and out, $10k−$520.520% of the position

Long on OKX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.218%+$22 on $10k

Price spread, last 3 days (all we have)+1.206%+$121 · spread now −1.329%, 7d avg −0.028%

Together, before fees+1.424%+$142 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 1.301% cheaper against OKX than usual: you would sell low and buy high (spread −1.329% now, against its 7-day average of −0.028%). If the spread goes back, that is −$130 on $10k: about 3 months of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.218% in total) that is about 42 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ARM-USDT-SWAP	330.33	0	get 0.0000% / 8h	7h 47m	$1.7M	$6.7M	20x
Short	Coinbase International ARM-PERP-INTX	325.94	0.0048	get 0.0006% / 1h	47m 18s	$89K	$286K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against OKX. 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 OKXbpFee Coinbase InternationalbpOrdersPrice spread, now −1.329%Rate

Funding earned: $10.08
Price spread: −1.329% → −0.028%: −$130.13
Slippage, 4 orders: −$31.99
Fee OKX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$172.05
Costs to cover: 0.520%
Break-even: 126.5 days

Slippage from OKX: live order book, 6 min ago; Coinbase International: live order book, 26 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 OKX live order book, 6 min ago	3.51 bp	22.1 bp −$22	62.9 bp −$629	doesn't fit	doesn't fit
Sell Coinbase International live order book, 26 min ago	3.38 bp	9.5 bp −$9	17.3 bp −$173	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
Aster ARMUSDT	0.0000%	8h	330.17	−0.049%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	330.64	+0.094%	$2.0M	$2.1M	25x	as long as short
OKX ARM-USDT-SWAPlong	0.0000%	8h	330.33	long leg	$1.7M	$6.7M	20x
SunX ARM-USDT	0.0000%	8h	329.95	−0.115%	$1K	$3.1M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	329.03	−0.394%	$18K	$17K	20x	as long as short
BloFin ARM-USDT	+0.0016%	8h	330.50	+0.051%	$124K	$45K	20x	as long as short
QFEX ARM-USD	+0.0026%	1h	330.54	+0.064%	$1.1M	$4.7M	10x	as long as short
Lighter ARM	+0.0032%	1h	330.50	+0.051%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	330.40	+0.021%	—	—	10x	as long as short
Coinbase International ARM-PERP-INTXshort	+0.0048%	1h	325.94	−1.329%	$89K	$286K	10x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ARM	+0.0197%	1h	328.70	−0.493%	$5K	$460K	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	329.18	−0.348%	$5K	$50K	12x	as long as short
Variational Omni ARM	+0.0242%	8h	328.75	−0.479%	$213K	$528K	—	as long as short
Bitget ARMUSDT	+0.0245%	8h	330.45	+0.036%	$1.8M	$4.0M	20x	as long as short
Gate ARM_USDT	+0.0251%	8h	330.78	+0.136%	$1.5M	$4.0M	50x	as long as short
GRVT ARM_USDT_Perp	+0.0326%	8h	329.79	−0.164%	$838	$196K	10x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0355%	1h	330.70	+0.112%	$12K	$125K	10x	as long as short
Extended ARM-USD	+0.0360%	1h	330.55	+0.067%	$36K	$217K	10x	as long as short
Binance ARMUSDT	+0.0362%	8h	330.62	+0.089%	$8.8M	$50.4M	20x	as long as short
Ondo Perps ARM-USD.P	+0.0506%	1h	329.83	−0.151%	$208K	$527K	10x	as long as short
edgeX ARMUSDC	+0.0597%	4h	329.62	−0.214%	$35K	$352K	10x	as long as short
KuCoin ARMUSDTM	+0.0754%	8h	330.53	+0.061%	$2.4M	$117K	20x	as long as short
Polymarket Perps ARM-USD	+0.0841%	1h	330.47	+0.042%	$383K	$1.3M	10x	as long as short
tradeXYZ xyz:ARM	+0.0922%	1h	330.42	+0.027%	$8.2M	$8.5M	10x	as long as short