Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0254%/8h= +27.8% APRpaid last 24h −0.006%

Price spread now: Phoenix against BloFin+0.070%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$600.598% of the position

Long on BloFin Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.244%+$24 on $10k

Price spread, last 3 days (all we have)+0.017%+$2 · spread now +0.070%, 7d avg +0.010%

Together, before fees+0.261%+$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Phoenix is 0.061% dearer against BloFin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ARM-USDT	326.75	0.0017	pay 0.0017% / 8h	14m 33s	$124K	$45K	20x
Short	Phoenix ARM	326.98	0.0271	get 0.0034% / 1h	14m 33s	$5K	$460K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against BloFin. 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 BloFinbpFee PhoenixbpOrdersPrice spread, now +0.070%Rate

Funding earned: $53.24
Price spread: +0.070% → +0.010%: $6.07
Slippage, 4 orders: −$40.8
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$0.48
Costs to cover: 0.598%
Break-even: 7.1 days

Slippage from BloFin: live order book, 46 min ago; Phoenix: live order book, 62 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 BloFin live order book, 46 min ago	1.69 bp	8.3 bp −$8	8.6 bp −$86	doesn't fit	doesn't fit
Sell Phoenix live order book, 62 min ago	6.47 bp	18.8 bp −$19	40.8 bp −$408	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	−0.0943%	4h	326.73	−0.005%	$35K	$352K	10x	as long as short
Aster ARMUSDT	0.0000%	8h	326.23	−0.161%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	326.45	−0.092%	$2.0M	$2.4M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	326.63	−0.037%	$1.7M	$6.7M	20x	as long as short
Bitget ARMUSDT	0.0000%	8h	326.59	−0.049%	$1.8M	$4.2M	20x	as long as short
SunX ARM-USDT	0.0000%	8h	326.71	−0.012%	$1K	$3.1M	10x	as long as short
Deribit ARM_USDC-PERPETUAL	0.0000%	1h	326.74	−0.003%	$12K	$145K	10x	as long as short
HTX ARM-USDT	0.0000%	8h	327.05	+0.092%	$18K	$17K	20x	as long as short
Coinbase International ARM-PERP-INTX	+0.0016%	1h	326.55	−0.061%	$89K	$289K	10x	as long as short
BloFin ARM-USDTlong	+0.0017%	8h	326.75	long leg	$124K	$45K	20x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter ARM	+0.0032%	1h	326.53	−0.067%	—	—	10x	as long as short
QFEX ARM-USD	+0.0033%	1h	326.55	−0.061%	$1.1M	$4.8M	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	326.84	+0.028%	—	—	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	326.64	−0.034%	$383K	$2.1M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	326.29	−0.141%	$209K	$555K	10x	as long as short
Gate ARM_USDT	+0.0066%	8h	327.02	+0.083%	$1.5M	$4.1M	50x	as long as short
tradeXYZ xyz:ARM	+0.0161%	1h	326.70	−0.015%	$8.1M	$9.7M	10x	as long as short
Variational Omni ARM	+0.0183%	8h	326.72	−0.008%	$213K	$523K	—	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	330.15	+1.041%	$5K	$52K	12x	as long as short
Phoenix ARMshort	+0.0271%	1h	326.98	+0.070%	$5K	$460K	10x
Extended ARM-USD	+0.0312%	1h	326.41	−0.105%	$39K	$188K	10x	as long as short
Binance ARMUSDT	+0.0320%	8h	326.46	−0.088%	$8.6M	$51.0M	20x	as long as short
GRVT ARM_USDT_Perp	+0.0358%	8h	326.79	+0.012%	$471	$199K	10x	as long as short
KuCoin ARMUSDTM	+0.0668%	8h	326.88	+0.040%	$2.3M	$120K	20x	as long as short