Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0159%/8h= +17.4% APRpaid last 24h +0.014%

Price spread now: Variational Omni against Ondo Perps+0.124%7-day average +0.069% · you sell dearer than you buy

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

Long on Ondo Perps Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.049%−$5 on $10k

Price spread, last 3 days (all we have)−0.117%−$12 · spread now +0.124%, 7d avg +0.069%

Together, before fees−0.167%+ Points / potential airdropOndo Perps: Active · Variational Omni: Active · farm board−$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Variational Omni is 0.055% dearer against Ondo Perps than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps ARM-USD.P	330.65	0.0054	pay 0.0007% / 1h	24m 37s	$205K	$522K	10x
Short	Variational Omni ARM	331.06	0.0213	get 0.0213% / 8h	7h 24m	$215K	$528K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Ondo Perps. 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 Ondo PerpsbpFee Variational OmnibpOrdersPrice spread, now +0.124%Rate

Funding earned: $33.35
Price spread: +0.124% → +0.069%: $5.52
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $33.87
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; Variational Omni: RFQ quote, 49 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 49 min ago	2.65 bp	doesn't fit	35.0 bp −$350	doesn't fit	doesn't fit

Ondo Perps: 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	−0.0996%	4h	331.52	+0.264%	$35K	$352K	10x	as long as short
BloFin ARM-USDT	−0.0016%	8h	331.08	+0.130%	$127K	$46K	20x	as long as short
Aster ARMUSDT	0.0000%	8h	330.47	−0.055%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	330.32	−0.100%	$2.0M	$2.2M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	330.25	−0.121%	$1.7M	$6.7M	20x	as long as short
SunX ARM-USDT	0.0000%	8h	330.68	+0.009%	$1K	$3.0M	10x	as long as short
Deribit ARM_USDC-PERPETUAL	0.0000%	1h	330.96	+0.094%	$12K	$125K	10x	as long as short
HTX ARM-USDT	0.0000%	8h	331.33	+0.206%	$18K	$16K	20x	as long as short
QFEX ARM-USD	+0.0026%	1h	330.32	−0.100%	$1.1M	$4.7M	10x	as long as short
Lighter ARM	+0.0032%	1h	330.29	−0.109%	—	—	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest ARM-USD-PERP	+0.0046%	1h	330.76	+0.033%	—	—	10x	as long as short
Coinbase International ARM-PERP-INTX	+0.0048%	1h	325.94	−1.424%	$89K	$282K	10x	as long as short
Ondo Perps ARM-USD.Plong	+0.0054%	1h	330.65	long leg	$205K	$522K	10x
GRVT ARM_USDT_Perp	+0.0056%	8h	331.40	+0.226%	$418	$190K	10x	as long as short
Gate ARM_USDT	+0.0141%	8h	330.50	−0.045%	$1.5M	$4.1M	50x	as long as short
Polymarket Perps ARM-USD	+0.0179%	1h	330.93	+0.085%	$383K	$1.3M	10x	as long as short
tradeXYZ xyz:ARM	+0.0185%	1h	330.28	−0.112%	$8.3M	$8.8M	10x	as long as short
Phoenix ARM	+0.0197%	1h	330.96	+0.094%	$5K	$460K	10x	as long as short
Variational Omni ARMshort	+0.0213%	8h	331.06	+0.124%	$215K	$528K	—
Injective ARM/USDC PERP	+0.0220%	1h	331.89	+0.375%	$5K	$50K	12x	as long as short
Binance ARMUSDT	+0.0350%	8h	330.33	−0.097%	$8.8M	$50.4M	20x	as long as short
Extended ARM-USD	+0.0352%	1h	330.33	−0.098%	$38K	$334K	10x	as long as short
Bitget ARMUSDT	+0.0714%	8h	330.63	−0.006%	$1.8M	$3.9M	20x	as long as short
KuCoin ARMUSDTM	+0.0778%	8h	330.88	+0.070%	$2.4M	$116K	20x	as long as short