Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0269%/8h= −29.4% APRpaid last 24h —

Price spread now: Lighter against edgeX+0.034%109s7-day average — · you sell dearer than you buy

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

Long on edgeX 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 airdropedgeX: Active · Lighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.034% dearer against edgeX than usual: you sell high and buy low (spread +0.034% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 10 hours. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ARMUSDC	327.45	0.0301	pay 0.0150% / 4h	2h 01m	$35K	$345K	10x
Short	Lighter ARM	327.56	0.0032	get 0.0004% / 1h	1m 52s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against edgeX. 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 edgeXbpFee LighterbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$56.44
Price spread: +0.034% → 0.000%: $3.41
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$62.03
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 1 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 edgeX live order book, 1 min ago	1.68 bp	6.7 bp −$7	89.4 bp −$894	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 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
Coinbase International ARM-PERP-INTX	−0.0024%	1h	327.05	−0.122%	$100K	$289K	10x	as long as short
Aster ARMUSDT	0.0000%	8h	327.58	+0.041%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	327.54	+0.028%	$2.0M	$2.2M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	327.54	+0.028%	$1.7M	$6.6M	20x	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	327.76	+0.094%	$1K	$186K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	327.44	−0.003%	$940	$2.8M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	326.16	−0.393%	$18K	$16K	20x	as long as short
QFEX ARM-USD	+0.0015%	1h	327.07	−0.116%	$1.1M	$4.4M	10x	as long as short
Lighter ARMshort	+0.0032%	1h	327.56	+0.034%	—	—	10x
Vest ARM-USD-PERP	+0.0046%	1h	327.26	−0.058%	—	—	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ARM	+0.0050%	1h	327.49	+0.013%	$8.3M	$8.8M	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	327.22	−0.070%	$379K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	327.20	−0.076%	$201K	$396K	10x	as long as short
Variational Omni ARM	+0.0100%	8h	327.73	+0.087%	$213K	$329K	—	as long as short
Phoenix ARM	+0.0121%	1h	327.36	−0.027%	$5K	$444K	10x	as long as short
Gate ARM_USDT	+0.0127%	8h	327.65	+0.062%	$1.4M	$4.3M	50x	as long as short
Binance ARMUSDT	+0.0207%	8h	327.42	−0.010%	$8.6M	$50.3M	20x	as long as short
Extended ARM-USD	+0.0208%	1h	327.40	−0.014%	$36K	$273K	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	332.02	+1.396%	$5K	$50K	12x	as long as short
Bitget ARMUSDT	+0.0284%	8h	327.97	+0.159%	$1.8M	$3.8M	20x	as long as short
edgeX ARMUSDClong	+0.0301%	4h	327.45	long leg	$35K	$345K	10x
KuCoin ARMUSDTM	+0.0729%	8h	327.63	+0.055%	$2.3M	$120K	20x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0972%	1h	327.75	+0.092%	$12K	$125K	10x	as long as short