Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0045%/8h= +4.9% APRpaid last 24h −0.004%

Price spread now: Gate against QFEX−0.012%7-day average +0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$500.502% of the position

Long on QFEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.074%+$7 on $10k

Price spread, last 7 days+0.052%+$5 · spread now −0.012%, 7d avg +0.060%

Together, before fees+0.127%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.072% cheaper against QFEX than usual: you would sell low and buy high (spread −0.012% now, against its 7-day average of +0.060%). If the spread goes back, that is −$7 on $10k: about 5.3 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX ARM-USD	326.46	0.0025	pay 0.0003% / 1h	14m 04s	$1.1M	$3.8M	10x
Short	Gate ARM_USDT	326.42	0.0070	get 0.0070% / 8h	4h 14m	$1.5M	$4.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against QFEX. 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 QFEXbpFee GatebpOrdersPrice spread, now −0.012%Rate

Funding earned: $9.44
Price spread: −0.012% → +0.060%: −$7.19
Slippage, 4 orders: −$25.18
Fee QFEX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$47.93
Costs to cover: 0.502%
Break-even: 42.5 days

Slippage from QFEX: live order book, 4 min ago; Gate: live order book, 4 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 QFEX live order book, 4 min ago	1.53 bp	8.9 bp −$9	14.5 bp −$145	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	3.52 bp	18.4 bp −$18	61.4 bp −$614	81.8 bp −$8,178	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
BloFin ARM-USDT	−0.0016%	8h	326.55	+0.028%	$127K	$50K	20x	as long as short
Aster ARMUSDT	0.0000%	8h	326.50	+0.012%	$7K	$126K	20x	as long as short
Extended ARM-USD	0.0000%	1h	326.41	−0.014%	$36K	$270K	10x	as long as short
Binance ARMUSDT	0.0000%	8h	326.51	+0.014%	$8.6M	$50.0M	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	326.44	−0.006%	$1.9M	$2.1M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	326.31	−0.046%	$1.7M	$6.6M	20x	as long as short
Bitget ARMUSDT	0.0000%	8h	327.15	+0.211%	$1.8M	$3.9M	20x	as long as short
Variational Omni ARM	0.0000%	8h	326.77	+0.094%	$212K	$302K	—	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	326.75	+0.089%	$359	$201K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	326.25	−0.064%	$1K	$2.7M	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ARM-USDT	0.0000%	8h	326.84	+0.116%	$18K	$16K	20x	as long as short
QFEX ARM-USDlong	+0.0025%	1h	326.46	long leg	$1.1M	$3.8M	10x
Lighter ARM	+0.0032%	1h	326.40	−0.018%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	326.65	+0.058%	—	—	10x	as long as short
tradeXYZ xyz:ARM	+0.0050%	1h	326.36	−0.031%	$8.2M	$8.8M	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	326.41	−0.015%	$378K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	326.38	−0.025%	$196K	$414K	10x	as long as short
Gate ARM_USDTshort	+0.0070%	8h	326.42	−0.012%	$1.5M	$4.3M	50x
Coinbase International ARM-PERP-INTX	+0.0088%	1h	326.96	+0.153%	$98K	$303K	10x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0118%	1h	326.55	+0.028%	$12K	$59K	10x	as long as short
Phoenix ARM	+0.0195%	1h	326.51	+0.015%	$5K	$444K	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	330.01	+1.087%	$5K	$50K	12x	as long as short
edgeX ARMUSDC	+0.0237%	4h	326.72	+0.078%	$35K	$349K	10x	as long as short
KuCoin ARMUSDTM	+0.0345%	8h	326.52	+0.018%	$2.3M	$119K	20x	as long as short