Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0230%/8h= +25.2% APRpaid last 24h +0.044%

Price spread now: Binance against QFEX+0.015%53s7-day average +0.030% · 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—prices read too far apart to compare

costs, in and out, $10k−$370.372% of the position

Long on QFEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.092%+$9 on $10k

Price spread, last 2 days (all we have)+0.025%+$2 · spread now +0.015%, 7d avg +0.030%

Together, before fees+0.117%+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX ARM-USD	328.28	0.0015	pay 0.0002% / 1h	16m 44s	$1.1M	$4.4M	10x
Short	Binance ARMUSDT	328.33	0.0245	get 0.0245% / 8h	6h 16m	$8.6M	$50.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against QFEX. 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 QFEXbpFee BinancebpOrdersPrice spread, now +0.015%Rate

Funding earned: $48.25
Price spread: +0.015% → +0.030%: −$1.43
Slippage, 4 orders: −$17.22
Fee QFEX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $9.6
Costs to cover: 0.372%
Break-even: 5.6 days

Slippage from QFEX: live order book, 7 min ago; Binance: live order book, 10 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 QFEX live order book, 7 min ago	1.52 bp	8.0 bp −$8	11.5 bp −$115	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	1.37 bp	10.8 bp −$11	30.3 bp −$303	88.0 bp −$8,796	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
edgeX ARMUSDC	−0.0373%	4h	328.22	−0.018%	$35K	$346K	10x	as long as short
Coinbase International ARM-PERP-INTX	−0.0024%	1h	328.06	−0.067%	$99K	$287K	10x	as long as short
Aster ARMUSDT	0.0000%	8h	328.14	−0.042%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	328.26	−0.006%	$2.0M	$2.2M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	328.25	−0.009%	$1.7M	$6.6M	20x	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	328.23	−0.015%	$853	$186K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	328.36	+0.024%	$1K	$2.8M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	328.57	+0.088%	$18K	$16K	20x	as long as short
QFEX ARM-USDlong	+0.0015%	1h	328.28	long leg	$1.1M	$4.4M	10x
Lighter ARM	+0.0032%	1h	328.12	−0.049%	—	—	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest ARM-USD-PERP	+0.0046%	1h	328.40	+0.037%	—	—	10x	as long as short
tradeXYZ xyz:ARM	+0.0050%	1h	328.27	−0.003%	$8.3M	$8.9M	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	328.30	+0.006%	$380K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	328.07	−0.064%	$204K	$402K	10x	as long as short
Phoenix ARM	+0.0121%	1h	328.81	+0.161%	$5K	$444K	10x	as long as short
Variational Omni ARM	+0.0132%	8h	328.41	+0.041%	$213K	$332K	—	as long as short
Gate ARM_USDT	+0.0159%	8h	328.51	+0.070%	$1.5M	$4.2M	50x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	332.02	+1.139%	$5K	$50K	12x	as long as short
Binance ARMUSDTshort	+0.0245%	8h	328.33	+0.015%	$8.6M	$50.4M	20x
Extended ARM-USD	+0.0248%	1h	328.14	−0.041%	$36K	$273K	10x	as long as short
Bitget ARMUSDT	+0.0485%	8h	328.32	+0.012%	$1.8M	$3.8M	20x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0542%	1h	328.47	+0.058%	$12K	$125K	10x	as long as short
KuCoin ARMUSDTM	+0.0775%	8h	328.36	+0.024%	$2.4M	$120K	20x	as long as short