Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0071%/8h= −7.8% APRpaid last 24h −0.016%

Price spread now: Ondo Perps against Variational Omni+0.002%7-day average −0.069% · you sell dearer than you buy

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

Long on Variational Omni Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.050%+$5 on $10k

Price spread, last 4 days (all we have)−0.107%−$11 · spread now +0.002%, 7d avg −0.069%

Together, before fees−0.057%+ Points / potential airdropVariational Omni: Active · Ondo Perps: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.071% dearer against Variational Omni than usual: you sell high and buy low (spread +0.002% now, against its 7-day average of −0.069%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ARM	328.01	0.0121	pay 0.0121% / 8h	6h 15m	$213K	$331K	—
Short	Ondo Perps ARM-USD.P	328.02	0.0050	get 0.0006% / 1h	15m 16s	$201K	$399K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Variational Omni. 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 Variational OmnibpFee Ondo PerpsbpOrdersPrice spread, now +0.002%Rate

Funding earned: −$14.91
Price spread: +0.002% → −0.069%: $7.07
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$12.83
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 54 min ago; Ondo Perps: no order-book sample. 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 Variational Omni RFQ quote, 54 min ago	5.51 bp	doesn't fit	86.7 bp −$867	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.063%	$35K	$346K	10x	as long as short
Coinbase International ARM-PERP-INTX	−0.0024%	1h	328.15	+0.041%	$99K	$288K	10x	as long as short
Aster ARMUSDT	0.0000%	8h	328.07	+0.018%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	327.84	−0.053%	$2.0M	$2.2M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	327.91	−0.032%	$1.7M	$6.6M	20x	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	328.23	+0.066%	$853	$186K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	328.36	+0.105%	$1K	$2.8M	10x	as long as short
Deribit ARM_USDC-PERPETUAL	0.0000%	1h	327.89	−0.038%	$12K	$125K	10x	as long as short
HTX ARM-USDT	0.0000%	8h	328.57	+0.169%	$18K	$16K	20x	as long as short
QFEX ARM-USD	+0.0015%	1h	328.01	−0.001%	$1.1M	$4.4M	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter ARM	+0.0032%	1h	327.76	−0.078%	—	—	10x	as long as short
Vest ARM-USD-PERP	+0.0046%	1h	328.16	+0.044%	—	—	10x	as long as short
tradeXYZ xyz:ARM	+0.0050%	1h	327.77	−0.074%	$8.3M	$8.9M	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	327.86	−0.047%	$380K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.Pshort	+0.0050%	1h	328.02	+0.002%	$201K	$399K	10x
Phoenix ARM	+0.0121%	1h	328.39	+0.115%	$5K	$444K	10x	as long as short
Variational Omni ARMlong	+0.0121%	8h	328.01	long leg	$213K	$331K	—
Gate ARM_USDT	+0.0156%	8h	328.16	+0.044%	$1.5M	$4.2M	50x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	332.02	+1.221%	$5K	$50K	12x	as long as short
Extended ARM-USD	+0.0240%	1h	327.83	−0.056%	$36K	$273K	10x	as long as short
Binance ARMUSDT	+0.0242%	8h	327.87	−0.044%	$8.6M	$50.4M	20x	as long as short
Bitget ARMUSDT	+0.0469%	8h	328.32	+0.093%	$1.8M	$3.8M	20x	as long as short
KuCoin ARMUSDTM	+0.0772%	8h	328.15	+0.041%	$2.4M	$120K	20x	as long as short