Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0420%/8h= +46.0% APRpaid last 24h +0.109%

Price spread now: Deribit against Bybit+0.018%7-day average −0.007% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$650.649% of the position

Long on Bybit Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.114%+$11 on $10k

Price spread, last 3 days (all we have)−0.072%−$7 · spread now +0.018%, 7d avg −0.007%

Together, before fees+0.042%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Deribit is 0.025% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.007%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.114% in total (about 11.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARMUSDT	328.30	0	get 0.0000% / 8h	6h 17m	$2.0M	$2.2M	25x
Short	Deribit ARM_USDC-PERPETUAL	328.36	0.0420	get 0.0053% / 1h	17m 47s	$12K	$125K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bybit. 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 BybitbpFee DeribitbpOrdersPrice spread, now +0.018%Rate

Funding earned: $88.3
Price spread: +0.018% → −0.007%: $2.52
Slippage, 4 orders: −$46.91
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $25.91
Costs to cover: 0.649%
Break-even: 4.9 days

Slippage from Bybit: live order book, 4 min ago; Deribit: live order book, 51 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 Bybit live order book, 4 min ago	4.26 bp	20.6 bp −$21	87.5 bp −$875	doesn't fit	doesn't fit
Sell Deribit live order book, 51 min ago	5.14 bp	20.0 bp −$20	24.4 bp −$244	doesn't fit	doesn't fit

ARM on 23 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
Coinbase International ARM-PERP-INTX	−0.0024%	1h	328.06	−0.073%	$99K	$287K	10x	as long as short
Aster ARMUSDT	0.0000%	8h	328.22	−0.025%	$7K	$126K	20x	as long as short
Bybit ARMUSDTlong	0.0000%	8h	328.30	long leg	$2.0M	$2.2M	25x
OKX ARM-USDT-SWAP	0.0000%	8h	328.43	+0.040%	$1.7M	$6.6M	20x	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	328.80	+0.152%	$279	$185K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	328.36	+0.018%	$1K	$2.8M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	328.73	+0.131%	$18K	$16K	20x	as long as short
QFEX ARM-USD	+0.0015%	1h	328.12	−0.055%	$1.1M	$4.4M	10x	as long as short
Lighter ARM	+0.0032%	1h	328.10	−0.061%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	328.33	+0.009%	—	—	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ARM	+0.0050%	1h	328.36	+0.018%	$8.3M	$8.9M	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	328.11	−0.058%	$380K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	328.07	−0.070%	$204K	$402K	10x	as long as short
Phoenix ARM	+0.0121%	1h	328.81	+0.155%	$5K	$444K	10x	as long as short
Variational Omni ARM	+0.0132%	8h	328.41	+0.035%	$213K	$332K	—	as long as short
Gate ARM_USDT	+0.0153%	8h	328.57	+0.082%	$1.5M	$4.2M	50x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	331.58	+0.999%	$5K	$50K	12x	as long as short
Extended ARM-USD	+0.0248%	1h	328.24	−0.017%	$36K	$278K	10x	as long as short
Binance ARMUSDT	+0.0249%	8h	328.37	+0.020%	$8.6M	$50.4M	20x	as long as short
Deribit ARM_USDC-PERPETUALshort	+0.0420%	1h	328.36	+0.018%	$12K	$125K	10x
Bitget ARMUSDT	+0.0492%	8h	328.42	+0.037%	$1.8M	$3.8M	20x	as long as short
edgeX ARMUSDC	+0.0750%	4h	328.39	+0.026%	$35K	$346K	10x	as long as short
KuCoin ARMUSDTM	+0.0775%	8h	328.37	+0.021%	$2.4M	$120K	20x	as long as short