Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0789%/8h= −86.4% APRpaid last 24h −0.077%

Price spread now: Polymarket Perps against KuCoin−0.164%7-day average −0.077% · you buy dearer than you sell

Net, funding: paid 7d − costs−$230as in the Funding arb table

Net, price: spread back to 7d avg − costs−$223as in the Price arb table

costs, in and out, $10k−$2142.141% of the position

Long on KuCoin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.159%−$16 on $10k

Price spread, last 7 days+0.098%+$10 · spread now −0.164%, 7d avg −0.077%

Together, before fees−0.061%−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Polymarket Perps is 0.086% cheaper against KuCoin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.077%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.159% in total (about -8.3% 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	KuCoin ARMUSDTM	329.48	0.0839	pay 0.0839% / 8h	6h 56m	$2.4M	$114K	20x
Short	Polymarket Perps ARM-USD	328.94	0.0050	get 0.0006% / 1h	56m 27s	$381K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against KuCoin. 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 KuCoinbpFee Polymarket PerpsbpOrdersPrice spread, now −0.164%Rate

Funding earned: −$165.69
Price spread: −0.164% → −0.077%: −$8.65
Slippage, 4 orders: −$194.06
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$388.4
Costs to cover: 2.141%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Polymarket Perps: 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 KuCoin live order book, 5 min ago	9.37 bp	77.7 bp −$78	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	2.28 bp	6.4 bp −$6	7.2 bp −$72	17.2 bp −$1,721	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
BloFin ARM-USDT	−0.0027%	8h	329.56	+0.024%	$127K	$45K	20x	as long as short
Coinbase International ARM-PERP-INTX	−0.0024%	1h	329.08	−0.121%	$89K	$286K	10x	as long as short
Aster ARMUSDT	0.0000%	8h	329.55	+0.023%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	329.10	−0.115%	$2.0M	$2.2M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	329.08	−0.121%	$1.7M	$6.6M	20x	as long as short
SunX ARM-USDT	0.0000%	8h	329.31	−0.052%	$978	$2.9M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	329.34	−0.042%	$18K	$16K	20x	as long as short
QFEX ARM-USD	+0.0015%	1h	329.25	−0.070%	$1.1M	$4.5M	10x	as long as short
Lighter ARM	+0.0032%	1h	329.00	−0.146%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	329.28	−0.061%	—	—	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ARM	+0.0050%	1h	328.94	−0.164%	$8.4M	$8.9M	10x	as long as short
Polymarket Perps ARM-USDshort	+0.0050%	1h	328.94	−0.164%	$381K	$1.3M	10x
Ondo Perps ARM-USD.P	+0.0050%	1h	329.02	−0.140%	$204K	$533K	10x	as long as short
GRVT ARM_USDT_Perp	+0.0160%	8h	330.19	+0.217%	$433	$188K	10x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0175%	1h	329.17	−0.094%	$12K	$125K	10x	as long as short
Phoenix ARM	+0.0197%	1h	329.73	+0.076%	$5K	$444K	10x	as long as short
Variational Omni ARM	+0.0213%	8h	330.08	+0.181%	$214K	$526K	—	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	333.76	+1.299%	$5K	$50K	12x	as long as short
Binance ARMUSDT	+0.0350%	8h	329.03	−0.137%	$8.9M	$50.3M	20x	as long as short
Extended ARM-USD	+0.0352%	1h	329.06	−0.128%	$36K	$278K	10x	as long as short
Gate ARM_USDT	+0.0402%	8h	329.51	+0.009%	$1.5M	$4.1M	50x	as long as short
edgeX ARMUSDC	+0.0794%	4h	329.82	+0.102%	$35K	$343K	10x	as long as short
KuCoin ARMUSDTMlong	+0.0839%	8h	329.48	long leg	$2.4M	$114K	20x
Bitget ARMUSDT	+0.0883%	8h	329.38	−0.030%	$1.8M	$3.8M	20x	as long as short