Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h —

Price spread now: Lighter against Bybit−0.085%7-day average — · you buy dearer than you sell

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

Long on Bybit 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 airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.085% cheaper against Bybit than usual: you would sell low and buy high (spread −0.085% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 8.8 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	Bybit ARMUSDT	319.16	0	get 0.0000% / 8h	7h 47m	$1.9M	$2.1M	25x
Short	Lighter ARM	318.89	0.0032	get 0.0004% / 1h	47m 38s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bybit. 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 BybitbpFee LighterbpOrdersPrice spread, now −0.085%Rate

Funding earned: $6.72
Price spread: −0.085% → 0.000%: −$8.46
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter: 0 bp × 2 orders: $0
Net: −$12.74
Costs to cover: 0.110%
Break-even: 20.3 days

Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago	9.85 bp	18.5 bp −$18	83.8 bp −$838	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
GRVT ARM_USDT_Perp	−0.1615%	8h	318.58	−0.181%	$1K	$238K	10x	as long as short
edgeX ARMUSDC	−0.0684%	4h	318.80	−0.112%	$36K	$359K	10x	as long as short
Bitget ARMUSDT	−0.0423%	8h	319.15	−0.003%	$1.7M	$4.0M	20x	as long as short
BloFin ARM-USDT	−0.0004%	8h	319.25	+0.028%	$123K	$52K	20x	as long as short
Aster ARMUSDT	0.0000%	8h	319.35	+0.059%	$7K	$126K	20x	as long as short
Extended ARM-USD	0.0000%	1h	319.24	+0.026%	$31K	$316K	10x	as long as short
Binance ARMUSDT	0.0000%	8h	319.31	+0.046%	$8.1M	$49.9M	20x	as long as short
Bybit ARMUSDTlong	0.0000%	8h	319.16	long leg	$1.9M	$2.1M	25x
OKX ARM-USDT-SWAP	0.0000%	8h	318.71	−0.141%	$1.6M	$6.5M	20x	as long as short
Gate ARM_USDT	0.0000%	8h	319.17	+0.003%	$1.4M	$4.0M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ARM	0.0000%	8h	319.50	+0.106%	$186K	$251K	—	as long as short
SunX ARM-USDT	0.0000%	8h	319.41	+0.078%	$958	$2.3M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	319.01	−0.047%	$18K	$14K	20x	as long as short
QFEX ARM-USD	+0.0020%	1h	318.92	−0.075%	$1.1M	$3.4M	10x	as long as short
Lighter ARMshort	+0.0032%	1h	318.89	−0.085%	—	—	10x
Vest ARM-USD-PERP	+0.0046%	1h	319.34	+0.056%	—	—	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	318.80	−0.113%	$369K	$1.2M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	318.90	−0.081%	$182K	$431K	10x	as long as short
tradeXYZ xyz:ARM	+0.0085%	1h	318.80	−0.113%	$8.1M	$8.6M	10x	as long as short
KuCoin ARMUSDTM	+0.0100%	8h	319.44	+0.088%	$2.3M	$141K	20x	as long as short
Coinbase International ARM-PERP-INTX	+0.0104%	1h	319.39	+0.072%	$98K	$280K	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	324.70	+1.736%	$5K	$44K	12x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0220%	1h	319.21	+0.016%	$12K	$56K	10x	as long as short
Phoenix ARM	+0.0224%	1h	318.74	−0.132%	$5K	$414K	10x	as long as short