Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0620%/8h= +67.9% APRpaid last 24h −0.076%

Price spread now: Bitget against Deribit+0.021%7-day average +0.012% · 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−$61as in the Price arb table

costs, in and out, $10k−$620.621% of the position

Long on Deribit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.088%−$9 on $10k

Price spread, last 3 days (all we have)+0.017%+$2 · spread now +0.021%, 7d avg +0.012%

Together, before fees−0.072%−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: +$19 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.088%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.088% in total (about -8.7% 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	Deribit ARM_USDC-PERPETUAL	328.26	0.0085	pay 0.0011% / 1h	41m 17s	$12K	$125K	10x
Short	Bitget ARMUSDT	328.33	0.0705	get 0.0705% / 8h	6h 41m	$1.8M	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Deribit. 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 DeribitbpFee BitgetbpOrdersPrice spread, now +0.021%Rate

Funding earned: $130.16
Price spread: +0.021% → +0.012%: $0.96
Slippage, 4 orders: −$43.09
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: $69.03
Costs to cover: 0.621%
Break-even: 3.3 days

Slippage from Deribit: live order book, 27 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 Deribit live order book, 27 min ago	5.14 bp	8.9 bp −$9	11.6 bp −$116	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	4.11 bp	15.7 bp −$16	21.2 bp −$212	62.3 bp −$6,231	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	−0.0774%	4h	328.66	+0.123%	$35K	$344K	10x	as long as short
Coinbase International ARM-PERP-INTX	−0.0024%	1h	328.25	−0.003%	$98K	$292K	10x	as long as short
BloFin ARM-USDT	−0.0010%	8h	329.28	+0.311%	$128K	$46K	20x	as long as short
Aster ARMUSDT	0.0000%	8h	328.46	+0.060%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	328.48	+0.067%	$2.0M	$2.2M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	328.38	+0.037%	$1.7M	$6.6M	20x	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	328.57	+0.094%	$651	$186K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	328.72	+0.140%	$1K	$2.9M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	328.39	+0.040%	$18K	$16K	20x	as long as short
QFEX ARM-USD	+0.0015%	1h	328.16	−0.030%	$1.1M	$4.4M	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter ARM	+0.0032%	1h	328.10	−0.049%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	328.51	+0.076%	—	—	10x	as long as short
tradeXYZ xyz:ARM	+0.0050%	1h	328.23	−0.009%	$8.3M	$8.9M	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	328.23	−0.009%	$380K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	327.88	−0.116%	$201K	$533K	10x	as long as short
Deribit ARM_USDC-PERPETUALlong	+0.0085%	1h	328.26	long leg	$12K	$125K	10x
Phoenix ARM	+0.0121%	1h	328.58	+0.097%	$5K	$444K	10x	as long as short
Variational Omni ARM	+0.0176%	8h	328.32	+0.018%	$213K	$438K	—	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	333.76	+1.676%	$5K	$50K	12x	as long as short
Gate ARM_USDT	+0.0269%	8h	328.61	+0.107%	$1.5M	$4.1M	50x	as long as short
Extended ARM-USD	+0.0304%	1h	328.29	+0.010%	$36K	$278K	10x	as long as short
Binance ARMUSDT	+0.0306%	8h	328.35	+0.029%	$8.7M	$50.6M	20x	as long as short
Bitget ARMUSDTshort	+0.0705%	8h	328.33	+0.021%	$1.8M	$3.8M	20x
KuCoin ARMUSDTM	+0.0818%	8h	328.55	+0.088%	$2.4M	$121K	20x	as long as short