Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h —

Price spread now: Lighter against Aster−0.086%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.086% cheaper against Aster than usual: you would sell low and buy high (spread −0.086% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 8.9 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ARMUSDT	322.03	0	get 0.0000% / 8h	2h 56m	$7K	$126K	20x
Short	Lighter ARM	321.75	0.0032	get 0.0004% / 1h	56m 25s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now −0.086%Rate

Funding earned: $6.72
Price spread: −0.086% → 0.000%: −$8.59
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$9.87
Costs to cover: 0.080%
Break-even: 17.3 days

Slippage unknown: Aster: live order book, 55 min ago; Lighter: 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 Aster live order book, 55 min ago	31.49 bp	49.9 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: 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 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
Bitget ARMUSDT	−0.0578%	8h	321.95	−0.024%	$1.8M	$3.9M	20x	as long as short
Aster ARMUSDTlong	0.0000%	8h	322.03	long leg	$7K	$126K	20x
Extended ARM-USD	0.0000%	1h	322.07	+0.014%	$35K	$272K	10x	as long as short
Binance ARMUSDT	0.0000%	8h	322.16	+0.041%	$8.3M	$50.5M	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	322.10	+0.023%	$1.9M	$2.2M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	322.16	+0.041%	$1.6M	$6.7M	20x	as long as short
Gate ARM_USDT	0.0000%	8h	322.27	+0.076%	$1.4M	$4.3M	50x	as long as short
Variational Omni ARM	0.0000%	8h	320.30	−0.535%	$191K	$299K	—	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	320.55	−0.457%	$349	$216K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	322.31	+0.088%	$867	$2.6M	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ARM-USDT	0.0000%	8h	320.47	−0.483%	$18K	$16K	20x	as long as short
QFEX ARM-USD	+0.0011%	1h	322.07	+0.013%	$1.1M	$3.6M	10x	as long as short
BloFin ARM-USDT	+0.0016%	8h	321.29	−0.229%	$122K	$51K	20x	as long as short
Lighter ARMshort	+0.0032%	1h	321.75	−0.086%	—	—	10x
Vest ARM-USD-PERP	+0.0046%	1h	322.06	+0.010%	—	—	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	322.29	+0.082%	$373K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	321.52	−0.157%	$186K	$412K	10x	as long as short
KuCoin ARMUSDTM	+0.0100%	8h	321.94	−0.027%	$2.3M	$119K	20x	as long as short
Phoenix ARM	+0.0123%	1h	320.54	−0.462%	$5K	$446K	10x	as long as short
Coinbase International ARM-PERP-INTX	+0.0176%	1h	321.20	−0.257%	$99K	$309K	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	324.06	+0.631%	$5K	$50K	12x	as long as short
tradeXYZ xyz:ARM	+0.0254%	1h	322.24	+0.066%	$8.1M	$8.6M	10x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0620%	1h	322.14	+0.035%	$12K	$59K	10x	as long as short
edgeX ARMUSDC	+0.0629%	4h	320.36	−0.518%	$34K	$351K	10x	as long as short