Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0062%/8h= +6.8% APRpaid last 24h +0.032%

Price spread now: tradeXYZ against Variational Omni−0.083%7-day average −0.020% · you buy dearer than you sell

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

Long on Variational Omni Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.051%+$5 on $10k

Price spread, last 4 days (all we have)+0.197%+$20 · spread now −0.083%, 7d avg −0.020%

Together, before fees+0.248%+ Points / potential airdropVariational Omni: Active · tradeXYZ: Active · farm board+$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.064% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.083% now, against its 7-day average of −0.020%). If the spread goes back, that is −$6 on $10k: about 3.4 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ARM	328.40	0.0018	pay 0.0018% / 8h	5h 24m	$213K	$319K	—
Short	tradeXYZ xyz:ARM	328.13	0.0079	get 0.0010% / 1h	24m 48s	$8.3M	$8.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Variational Omni. 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 Variational OmnibpFee tradeXYZbpOrdersPrice spread, now −0.083%Rate

Funding earned: $12.97
Price spread: −0.083% → −0.020%: −$6.35
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$11.38
Costs to cover: 0.180%
Break-even: 13.1 days

Slippage unknown: Variational Omni: RFQ quote, 39 min ago; tradeXYZ: live order book, 3 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 Variational Omni RFQ quote, 39 min ago	6.81 bp	doesn't fit	54.4 bp −$544	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 3 min ago	0.91 bp	10.6 bp −$11	doesn't fit	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	−0.0650%	4h	328.34	−0.020%	$35K	$346K	10x	as long as short
Coinbase International ARM-PERP-INTX	−0.0008%	1h	328.97	+0.173%	$101K	$291K	10x	as long as short
Aster ARMUSDT	0.0000%	8h	328.19	−0.066%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	328.30	−0.031%	$2.0M	$2.1M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	328.29	−0.034%	$1.7M	$6.6M	20x	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	328.43	+0.009%	$581	$189K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	328.10	−0.092%	$902	$2.7M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	327.89	−0.156%	$18K	$16K	20x	as long as short
QFEX ARM-USD	+0.0011%	1h	328.13	−0.083%	$1.1M	$4.2M	10x	as long as short
Variational Omni ARMlong	+0.0018%	8h	328.40	long leg	$213K	$319K	—

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ARM-USDT	+0.0023%	8h	328.28	−0.037%	$128K	$48K	20x	as long as short
Lighter ARM	+0.0032%	1h	327.83	−0.174%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	328.36	−0.013%	—	—	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	328.14	−0.080%	$380K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	328.79	+0.118%	$202K	$406K	10x	as long as short
tradeXYZ xyz:ARMshort	+0.0079%	1h	328.13	−0.083%	$8.3M	$8.7M	10x
Gate ARM_USDT	+0.0103%	8h	328.47	+0.021%	$1.4M	$4.3M	50x	as long as short
Binance ARMUSDT	+0.0119%	8h	328.24	−0.051%	$8.6M	$50.0M	20x	as long as short
Extended ARM-USD	+0.0120%	1h	328.13	−0.084%	$36K	$272K	10x	as long as short
Phoenix ARM	+0.0122%	1h	328.31	−0.028%	$5K	$434K	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	332.09	+1.123%	$5K	$50K	12x	as long as short
Bitget ARMUSDT	+0.0291%	8h	328.39	−0.004%	$1.8M	$3.8M	20x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0360%	1h	328.23	−0.053%	$12K	$125K	10x	as long as short
KuCoin ARMUSDTM	+0.0630%	8h	328.32	−0.025%	$2.4M	$119K	20x	as long as short