Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0050%/8hpaid last 24h −0.007%

Price spread now: Polymarket Perps against OKX−0.233%47s7-day average −0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as 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−$360.357% of the position

Long on OKX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.099%+$10 on $10k

Price spread, last 7 days+0.268%+$27 · spread now −0.233%, 7d avg −0.079%

Together, before fees+0.367%+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.154% cheaper against OKX than usual: you would sell low and buy high (spread −0.233% now, against its 7-day average of −0.079%). If the spread goes back, that is −$15 on $10k: about 10 days of funding at the current rate (+$2 a day). The two prices were read 47 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	OKX ARM-USDT-SWAP	321.59	0	get 0.0000% / 8h	4h 22m	$1.7M	$6.4M	20x
Short	Polymarket Perps ARM-USD	320.84	0.0050	get 0.0006% / 1h	22m 43s	$372K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.233%Rate

Funding earned: $10.5
Price spread: −0.233% → −0.079%: −$15.42
Slippage, 4 orders: −$17.74
Fee OKX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$40.66
Costs to cover: 0.357%
Break-even: 34.1 days

Slippage from OKX: live order book, 4 min ago; Polymarket Perps: live order book, 5 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, 4 min ago	2.80 bp	10.2 bp −$10	33.0 bp −$330	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 5 min ago	1.40 bp	7.2 bp −$7	7.3 bp −$73	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 ARMUSDC	−0.0151%	4h	321.65	+0.019%	$35K	$343K	10x	as long as short
Coinbase International ARM-PERP-INTX	−0.0056%	1h	321.09	−0.155%	$103K	$260K	10x	as long as short
Aster ARMUSDT	0.0000%	8h	321.33	−0.081%	$5K	$117K	20x	as long as short
Extended ARM-USD	0.0000%	1h	321.26	−0.104%	$39K	$188K	10x	as long as short
Binance ARMUSDT	0.0000%	8h	321.36	−0.072%	$8.5M	$48.9M	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	321.39	−0.062%	$2.0M	$2.5M	25x	as long as short
OKX ARM-USDT-SWAPlong	0.0000%	8h	321.59	long leg	$1.7M	$6.4M	20x
Gate ARM_USDT	0.0000%	8h	321.49	−0.031%	$1.5M	$3.9M	50x	as long as short
Bitget ARMUSDT	0.0000%	8h	321.17	−0.131%	$1.8M	$4.0M	20x	as long as short
Variational Omni ARM	0.0000%	8h	321.30	−0.089%	$210K	$494K	—	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT ARM_USDT_Perp	0.0000%	8h	321.56	−0.009%	$405	$206K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	321.08	−0.159%	$1K	$3.2M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	321.63	+0.012%	$18K	$15K	20x	as long as short
BloFin ARM-USDT	+0.0008%	8h	321.17	−0.131%	$126K	$42K	20x	as long as short
QFEX ARM-USD	+0.0018%	1h	320.95	−0.199%	$1.1M	$4.3M	10x	as long as short
Lighter ARM	+0.0032%	1h	321.12	−0.146%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	321.07	−0.162%	—	—	10x	as long as short
tradeXYZ xyz:ARM	+0.0050%	1h	321.29	−0.093%	$7.5M	$9.7M	10x	as long as short
Polymarket Perps ARM-USDshort	+0.0050%	1h	320.84	−0.233%	$372K	$1.4M	10x
Ondo Perps ARM-USD.P	+0.0050%	1h	321.09	−0.155%	$202K	$692K	10x	as long as short
KuCoin ARMUSDTM	+0.0100%	8h	321.21	−0.118%	$2.3M	$110K	20x	as long as short
Phoenix ARM	+0.0125%	1h	321.26	−0.103%	$22K	$435K	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	324.17	+0.802%	$5K	$52K	12x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0436%	1h	321.05	−0.168%	$12K	$144K	10x	as long as short