The invention provides a balanced arm (201) for transferring a fluid product, having a transfer compass comprising an inner transfer member (208) and an outer transfer member (221), articulated together, and a counterweight system (203) for balancing the transfer compass, characterized in that the compass is installed on a turntable (215) rotatable about a vertical axis, to rotationally drive the transfer compass about that axis, and the balancing system comprises at least one counterweight (207; 207′) mounted so as to be able to turn about an axis (206) of horizontal general orientation, on a support (251) fixed to the turntable and functionally linked to the inner transfer member to provide the balancing of the transfer compass.