Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0352%/8h= −38.5% APRpaid last 24h −0.041%

Price spread now: Aster against Extended−0.072%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$171as in the Funding arb table

Net, price: spread back to 7d avg − costs−$168as in the Price arb table

costs, in and out, $10k−$1631.633% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.073%−$7 on $10k

Price spread, last 4 days (all we have)+0.135%+$14 · spread now −0.072%, 7d avg −0.028%

Together, before fees+0.062%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Aster is 0.044% cheaper against Extended than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.028%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.073% in total (about -3.8% 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	Extended ARM-USD	330.97	0.0352	pay 0.0044% / 1h	27m 57s	$38K	$334K	10x
Short	Aster ARMUSDT	330.73	0	get 0.0000% / 8h	7h 27m	$7K	$126K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now −0.072%Rate

Funding earned: −$73.92
Price spread: −0.072% → −0.028%: −$4.41
Slippage, 4 orders: −$150.26
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$241.6
Costs to cover: 1.633%
Break-even: never at this rate

Slippage from Extended: live order book, 44 min ago; Aster: live order book, 43 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 Extended live order book, 44 min ago	3.07 bp	16.1 bp −$16	99.8 bp −$998	doesn't fit	doesn't fit
Sell Aster live order book, 43 min ago	53.04 bp	67.6 bp −$68	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
Aster ARMUSDTshort	0.0000%	8h	330.73	−0.072%	$7K	$126K	20x
Bybit ARMUSDT	0.0000%	8h	331.13	+0.049%	$2.0M	$2.1M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	330.89	−0.023%	$1.7M	$6.7M	20x	as long as short
SunX ARM-USDT	0.0000%	8h	329.64	−0.401%	$912	$3.0M	10x	as long as short
Deribit ARM_USDC-PERPETUAL	0.0000%	1h	330.90	−0.020%	$12K	$125K	10x	as long as short
HTX ARM-USDT	0.0000%	8h	330.07	−0.271%	$18K	$16K	20x	as long as short
BloFin ARM-USDT	+0.0022%	8h	330.55	−0.126%	$127K	$46K	20x	as long as short
QFEX ARM-USD	+0.0026%	1h	330.77	−0.060%	$1.1M	$4.7M	10x	as long as short
Lighter ARM	+0.0032%	1h	330.75	−0.066%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	330.85	−0.035%	—	—	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International ARM-PERP-INTX	+0.0048%	1h	325.94	−1.519%	$89K	$282K	10x	as long as short
GRVT ARM_USDT_Perp	+0.0064%	8h	329.64	−0.400%	$438	$192K	10x	as long as short
Ondo Perps ARM-USD.P	+0.0086%	1h	329.77	−0.362%	$204K	$523K	10x	as long as short
Gate ARM_USDT	+0.0111%	8h	331.01	+0.013%	$1.5M	$4.1M	50x	as long as short
Phoenix ARM	+0.0197%	1h	329.70	−0.383%	$5K	$460K	10x	as long as short
Polymarket Perps ARM-USD	+0.0216%	1h	330.94	−0.008%	$383K	$1.3M	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	331.89	+0.279%	$5K	$50K	12x	as long as short
Variational Omni ARM	+0.0221%	8h	329.69	−0.385%	$214K	$528K	—	as long as short
tradeXYZ xyz:ARM	+0.0231%	1h	330.81	−0.047%	$8.3M	$8.8M	10x	as long as short
Binance ARMUSDT	+0.0350%	8h	330.98	+0.004%	$8.9M	$50.4M	20x	as long as short
Extended ARM-USDlong	+0.0352%	1h	330.97	long leg	$38K	$334K	10x
edgeX ARMUSDC	+0.0559%	4h	329.67	−0.392%	$35K	$354K	10x	as long as short
Bitget ARMUSDT	+0.0597%	8h	330.68	−0.087%	$1.8M	$3.9M	20x	as long as short
KuCoin ARMUSDTM	+0.0775%	8h	331.06	+0.028%	$2.4M	$116K	20x	as long as short