Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0019%/8h= −2.0% APRpaid last 24h −0.009%

Price spread now: SunX against QFEX−0.115%7-day average −0.009% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.018%−$2 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now −0.115%, 7d avg −0.009%

Together, before fees+0.025%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.106% cheaper against QFEX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.009%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX ARM-USD	321.75	0.0019	pay 0.0002% / 1h	45m 12s	$1.1M	$3.3M	10x
Short	SunX ARM-USDT	321.38	0	get 0.0000% / 8h	5h 45m	$1K	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.115%Rate

Funding earned: −$3.91
Price spread: −0.115% → −0.009%: −$10.57
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$32.49
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 6 min ago; SunX: live order book, 5 min ago. Net counts fees only.

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, 6 min ago	1.24 bp	7.1 bp −$7	12.9 bp −$129	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	500.06 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

ARM on 24 exchanges

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
Deribit ARM_USDC-PERPETUAL	−0.0527%	1h	321.43	−0.099%	$12K	$55K	10x	as long as short
BloFin ARM-USDT	−0.0029%	8h	321.66	−0.028%	$127K	$56K	20x	as long as short
Aster ARMUSDT	0.0000%	8h	321.93	+0.056%	$7K	$126K	20x	as long as short
Extended ARM-USD	0.0000%	1h	321.75	+0.001%	$32K	$324K	10x	as long as short
Binance ARMUSDT	0.0000%	8h	321.85	+0.031%	$8.2M	$50.5M	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	321.97	+0.068%	$1.9M	$2.1M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	321.92	+0.053%	$1.7M	$6.2M	20x	as long as short
Gate ARM_USDT	0.0000%	8h	321.92	+0.053%	$1.4M	$4.0M	50x	as long as short
Bitget ARMUSDT	0.0000%	8h	321.67	−0.025%	$1.7M	$4.2M	20x	as long as short
Variational Omni ARM	0.0000%	8h	322.06	+0.096%	$187K	$219K	—	as long as short

Show all 24 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX ARM-USDTshort	0.0000%	8h	321.38	−0.115%	$1K	$2.1M	10x
HTX ARM-USDT	0.0000%	8h	321.48	−0.084%	$18K	$11K	20x	as long as short
QFEX ARM-USDlong	+0.0019%	1h	321.75	long leg	$1.1M	$3.3M	10x
edgeX ARMUSDC	+0.0021%	4h	322.48	+0.228%	$35K	$363K	10x	as long as short
Lighter ARM	+0.0032%	1h	321.62	−0.040%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	321.93	+0.056%	—	—	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	322.11	+0.112%	$371K	$1.2M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	321.63	−0.037%	$182K	$444K	10x	as long as short
Coinbase International ARM-PERP-INTX	+0.0096%	1h	321.45	−0.093%	$99K	$271K	10x	as long as short
tradeXYZ xyz:ARM	+0.0198%	1h	322.00	+0.078%	$8.3M	$8.7M	10x	as long as short
Injective ARM/USDC PERP	+0.0207%	1h	322.26	+0.159%	$3K	$60K	12x	as long as short
KuCoin ARMUSDTM	+0.0207%	8h	321.96	+0.065%	$2.3M	$276K	20x	as long as short
Phoenix ARM	+0.0248%	1h	321.93	+0.056%	$8K	$424K	10x	as long as short
GRVT ARM_USDT_Perp	+0.0837%	8h	322.65	+0.279%	$797	$255K	10x	as long as short