Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0016%/8h= −1.7% APRpaid last 24h −0.016%

Price spread now: BloFin against QFEX0.000%99s7-day average −0.010% · 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−$350.350% of the position

Long on QFEX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.041%+$4 on $10k

Price spread, last 4 days (all we have)−0.181%−$18 · spread now 0.000%, 7d avg −0.010%

Together, before fees−0.141%−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. The two prices were read 99 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	327.43	0.0025	pay 0.0003% / 1h	37m 24s	$1.1M	$4.0M	10x
Short	BloFin ARM-USDT	327.43	0.0009	get 0.0009% / 8h	4h 37m	$127K	$49K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$3.28
Price spread: 0.000% → −0.010%: $1.04
Slippage, 4 orders: −$13.03
Fee QFEX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$37.26
Costs to cover: 0.350%
Break-even: never at this rate

Slippage from QFEX: live order book, 11 min ago; BloFin: live order book, 59 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, 11 min ago	1.83 bp	8.0 bp −$8	14.6 bp −$146	doesn't fit	doesn't fit
Sell BloFin live order book, 59 min ago	0.61 bp	8.5 bp −$8	25.3 bp −$253	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
edgeX ARMUSDC	−0.0557%	4h	327.36	−0.021%	$35K	$347K	10x	as long as short
Aster ARMUSDT	0.0000%	8h	327.38	−0.015%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	327.49	+0.018%	$2.0M	$2.1M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	327.16	−0.082%	$1.7M	$6.7M	20x	as long as short
Variational Omni ARM	0.0000%	8h	327.44	+0.003%	$212K	$308K	—	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	327.54	+0.034%	$675	$196K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	327.53	+0.031%	$1K	$2.7M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	327.05	−0.116%	$18K	$16K	20x	as long as short
BloFin ARM-USDTshort	+0.0009%	8h	327.43	0.000%	$127K	$49K	20x
QFEX ARM-USDlong	+0.0025%	1h	327.43	long leg	$1.1M	$4.0M	10x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter ARM	+0.0032%	1h	327.06	−0.113%	—	—	10x	as long as short
Extended ARM-USD	+0.0032%	1h	327.36	−0.020%	$39K	$271K	10x	as long as short
Binance ARMUSDT	+0.0032%	8h	327.45	+0.005%	$8.6M	$50.0M	20x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	327.64	+0.064%	—	—	10x	as long as short
tradeXYZ xyz:ARM	+0.0050%	1h	327.43	0.000%	$8.3M	$8.8M	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	327.33	−0.031%	$379K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	327.48	+0.015%	$202K	$405K	10x	as long as short
Bitget ARMUSDT	+0.0075%	8h	327.41	−0.006%	$1.8M	$3.9M	20x	as long as short
Coinbase International ARM-PERP-INTX	+0.0088%	1h	327.37	−0.018%	$98K	$301K	10x	as long as short
Gate ARM_USDT	+0.0113%	8h	327.56	+0.040%	$1.5M	$4.3M	50x	as long as short
Phoenix ARM	+0.0195%	1h	327.36	−0.021%	$5K	$444K	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	332.08	+1.420%	$5K	$50K	12x	as long as short
KuCoin ARMUSDTM	+0.0449%	8h	327.51	+0.024%	$2.3M	$119K	20x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0514%	1h	327.41	−0.006%	$12K	$125K	10x	as long as short