Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0242%/8h= +26.5% APRpaid last 24h +0.009%

Price spread now: Bitget against Coinbase International+0.226%7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$490.493% of the position

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 3 days (all we have)−0.139%−$14 · spread now +0.226%, 7d avg +0.048%

Together, before fees−0.156%−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Bitget is 0.178% dearer against Coinbase International than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.048%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.017% in total (about -0.9% 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	Coinbase International ARM-PERP-INTX	327.47	−0.0008	get 0.0001% / 1h	55m 55s	$101K	$291K	10x
Short	Bitget ARMUSDT	328.21	0.0234	get 0.0234% / 8h	5h 55m	$1.8M	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Coinbase International. 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 Coinbase InternationalbpFee BitgetbpOrdersPrice spread, now +0.226%Rate

Funding earned: $50.82
Price spread: +0.226% → +0.048%: $17.76
Slippage, 4 orders: −$27.25
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $19.33
Costs to cover: 0.493%
Break-even: 4.3 days

Slippage from Coinbase International: live order book, 7 min ago; Bitget: live order book, 2 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 Coinbase International live order book, 7 min ago	2.90 bp	9.1 bp −$9	16.5 bp −$165	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	3.66 bp	18.8 bp −$19	29.6 bp −$296	101.6 bp −$10.2K	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-INTXlong	−0.0008%	1h	327.47	long leg	$101K	$291K	10x
Aster ARMUSDT	0.0000%	8h	328.12	+0.198%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	328.23	+0.232%	$2.0M	$2.2M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	328.23	+0.232%	$1.7M	$6.6M	20x	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	327.09	−0.118%	$1K	$186K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	328.26	+0.241%	$1K	$2.8M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	326.67	−0.244%	$18K	$16K	20x	as long as short
QFEX ARM-USD	+0.0011%	1h	328.05	+0.177%	$1.1M	$4.4M	10x	as long as short
Lighter ARM	+0.0032%	1h	328.00	+0.162%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	328.17	+0.214%	—	—	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps ARM-USD	+0.0050%	1h	328.05	+0.177%	$380K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	328.02	+0.168%	$202K	$404K	10x	as long as short
tradeXYZ xyz:ARM	+0.0056%	1h	328.15	+0.208%	$8.3M	$8.8M	10x	as long as short
Variational Omni ARM	+0.0082%	8h	328.09	+0.188%	$213K	$326K	—	as long as short
Phoenix ARM	+0.0121%	1h	327.86	+0.119%	$5K	$434K	10x	as long as short
Gate ARM_USDT	+0.0125%	8h	328.45	+0.299%	$1.4M	$4.2M	50x	as long as short
Extended ARM-USD	+0.0192%	1h	328.12	+0.199%	$36K	$273K	10x	as long as short
Binance ARMUSDT	+0.0195%	8h	328.17	+0.214%	$8.6M	$50.3M	20x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	330.57	+0.947%	$5K	$50K	12x	as long as short
Bitget ARMUSDTshort	+0.0234%	8h	328.21	+0.226%	$1.8M	$3.8M	20x
Deribit ARM_USDC-PERPETUAL	+0.0299%	1h	328.21	+0.226%	$12K	$125K	10x	as long as short
edgeX ARMUSDC	+0.0534%	4h	327.32	−0.047%	$35K	$347K	10x	as long as short
KuCoin ARMUSDTM	+0.0716%	8h	328.24	+0.235%	$2.4M	$119K	20x	as long as short