Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0008%/8h= −0.9% APRpaid last 24h +0.030%

Price spread now: Coinbase International against SunX+0.222%7-day average −0.015% · you sell dearer than you buy

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

Long on SunX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.273%+$27 on $10k

Price spread, last 4 days (all we have)−0.324%−$32 · spread now +0.222%, 7d avg −0.015%

Together, before fees−0.051%−$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Coinbase International is 0.237% dearer against SunX than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ARM-USDT	328.24	0	get 0.0000% / 8h	5h 26m	$903	$2.7M	10x
Short	Coinbase International ARM-PERP-INTX	328.97	−0.0008	pay 0.0001% / 1h	26m 19s	$101K	$291K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against SunX. 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 SunXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.222%Rate

Funding earned: −$1.68
Price spread: +0.222% → −0.015%: $23.7
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $4.02
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: SunX: live order book, 11 min ago; Coinbase International: live order book, 37 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 SunX live order book, 11 min ago	500.12 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 37 min ago	2.90 bp	9.4 bp −$9	17.5 bp −$175	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	−0.0569%	4h	328.63	+0.119%	$35K	$345K	10x	as long as short
Coinbase International ARM-PERP-INTXshort	−0.0008%	1h	328.97	+0.222%	$101K	$291K	10x
Aster ARMUSDT	0.0000%	8h	328.35	+0.033%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	328.54	+0.091%	$2.0M	$2.1M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	328.29	+0.015%	$1.7M	$6.6M	20x	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	328.97	+0.222%	$760	$188K	10x	as long as short
SunX ARM-USDTlong	0.0000%	8h	328.24	long leg	$903	$2.7M	10x
HTX ARM-USDT	0.0000%	8h	327.89	−0.107%	$18K	$16K	20x	as long as short
QFEX ARM-USD	+0.0011%	1h	328.35	+0.034%	$1.1M	$4.2M	10x	as long as short
BloFin ARM-USDT	+0.0028%	8h	328.30	+0.018%	$128K	$48K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ARM	+0.0028%	8h	328.97	+0.223%	$214K	$320K	—	as long as short
Lighter ARM	+0.0032%	1h	328.16	−0.024%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	328.63	+0.119%	—	—	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	328.40	+0.049%	$380K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	328.79	+0.168%	$202K	$406K	10x	as long as short
tradeXYZ xyz:ARM	+0.0085%	1h	328.40	+0.049%	$8.3M	$8.8M	10x	as long as short
Gate ARM_USDT	+0.0106%	8h	328.66	+0.128%	$1.4M	$4.3M	50x	as long as short
Phoenix ARM	+0.0122%	1h	329.21	+0.296%	$5K	$434K	10x	as long as short
Binance ARMUSDT	+0.0125%	8h	328.44	+0.060%	$8.6M	$50.0M	20x	as long as short
Extended ARM-USD	+0.0128%	1h	328.36	+0.038%	$36K	$272K	10x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0207%	1h	328.37	+0.040%	$12K	$125K	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	332.09	+1.173%	$5K	$50K	12x	as long as short
Bitget ARMUSDT	+0.0295%	8h	328.48	+0.073%	$1.8M	$3.8M	20x	as long as short
KuCoin ARMUSDTM	+0.0634%	8h	328.50	+0.079%	$2.4M	$119K	20x	as long as short