Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0195%/8h= +21.3% APRpaid last 24h +0.060%

Price spread now: Phoenix against OKX+0.037%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$690.686% of the position

Long on OKX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.231%+$23 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.037%, 7d avg −0.002%

Together, before fees+0.175%+$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.039% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ARM-USDT-SWAP	327.24	0	get 0.0000% / 8h	4h 35m	$1.7M	$6.7M	20x
Short	Phoenix ARM	327.36	0.0195	get 0.0024% / 1h	35m 35s	$5K	$444K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.037%Rate

Funding earned: $40.89
Price spread: +0.037% → −0.002%: $3.86
Slippage, 4 orders: −$51.55
Fee OKX: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$23.81
Costs to cover: 0.686%
Break-even: 11.1 days

Slippage from OKX: live order book, 2 min ago; Phoenix: live order book, 22 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, 2 min ago	2.14 bp	16.7 bp −$17	63.2 bp −$632	doesn't fit	doesn't fit
Sell Phoenix live order book, 22 min ago	6.39 bp	18.9 bp −$19	40.8 bp −$408	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	327.40	+0.050%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	327.32	+0.024%	$2.0M	$2.1M	25x	as long as short
OKX ARM-USDT-SWAPlong	0.0000%	8h	327.24	long leg	$1.7M	$6.7M	20x
Variational Omni ARM	0.0000%	8h	327.28	+0.013%	$212K	$307K	—	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	327.44	+0.061%	$927	$197K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	327.35	+0.034%	$1K	$2.7M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	327.05	−0.058%	$18K	$16K	20x	as long as short
QFEX ARM-USD	+0.0025%	1h	327.33	+0.028%	$1.1M	$4.0M	10x	as long as short
BloFin ARM-USDT	+0.0026%	8h	327.35	+0.034%	$128K	$49K	20x	as long as short
Binance ARMUSDT	+0.0029%	8h	327.42	+0.054%	$8.6M	$50.0M	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	327.18	−0.018%	—	—	10x	as long as short
Extended ARM-USD	+0.0032%	1h	327.30	+0.019%	$39K	$271K	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	327.55	+0.095%	—	—	10x	as long as short
tradeXYZ xyz:ARM	+0.0050%	1h	327.26	+0.006%	$8.3M	$8.8M	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	327.32	+0.024%	$379K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	327.05	−0.058%	$200K	$404K	10x	as long as short
Bitget ARMUSDT	+0.0053%	8h	327.43	+0.058%	$1.8M	$3.9M	20x	as long as short
Coinbase International ARM-PERP-INTX	+0.0088%	1h	327.37	+0.040%	$98K	$301K	10x	as long as short
Gate ARM_USDT	+0.0110%	8h	327.58	+0.104%	$1.5M	$4.3M	50x	as long as short
Phoenix ARMshort	+0.0195%	1h	327.36	+0.037%	$5K	$444K	10x
Injective ARM/USDC PERP	+0.0220%	1h	330.69	+1.054%	$5K	$50K	12x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0300%	1h	327.39	+0.046%	$12K	$125K	10x	as long as short
KuCoin ARMUSDTM	+0.0440%	8h	327.34	+0.031%	$2.3M	$119K	20x	as long as short
edgeX ARMUSDC	+0.0904%	4h	327.49	+0.078%	$35K	$348K	10x	as long as short