Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.07 per $10,000 · paid last 24h —

Price spread now: Coinbase International against Lighter−0.140%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Coinbase International

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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Coinbase International is 0.140% cheaper against Lighter than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ARM	328.52	0.0032	pay 0.0004% / 1h	21m 34s	—	—	10x
Short	Coinbase International ARM-PERP-INTX	328.06	−0.0024	pay 0.0003% / 1h	21m 34s	$99K	$287K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Lighter. 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 LighterbpFee Coinbase InternationalbpOrdersPrice spread, now −0.140%Rate

Funding earned: −$11.76
Price spread: −0.140% → 0.000%: −$14
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$35.76
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; Coinbase International: live order book, 46 min ago. 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 Lighter no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 46 min ago	5.00 bp	11.3 bp −$11	16.4 bp −$164	doesn't fit	doesn't fit

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
edgeX ARMUSDC	−0.0828%	4h	328.74	+0.066%	$35K	$345K	10x	as long as short
Coinbase International ARM-PERP-INTXshort	−0.0024%	1h	328.06	−0.140%	$99K	$287K	10x
Aster ARMUSDT	0.0000%	8h	328.84	+0.098%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	328.51	−0.003%	$2.0M	$2.2M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	328.54	+0.006%	$1.7M	$6.6M	20x	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	328.80	+0.085%	$279	$185K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	329.11	+0.180%	$967	$2.8M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	329.22	+0.213%	$18K	$16K	20x	as long as short
QFEX ARM-USD	+0.0015%	1h	328.60	+0.024%	$1.1M	$4.4M	10x	as long as short
Lighter ARMlong	+0.0032%	1h	328.52	long leg	—	—	10x

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest ARM-USD-PERP	+0.0046%	1h	328.94	+0.128%	—	—	10x	as long as short
tradeXYZ xyz:ARM	+0.0050%	1h	328.62	+0.030%	$8.3M	$8.8M	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	329.03	+0.155%	$381K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	328.48	−0.012%	$204K	$405K	10x	as long as short
Phoenix ARM	+0.0121%	1h	329.03	+0.155%	$5K	$444K	10x	as long as short
Variational Omni ARM	+0.0142%	8h	329.17	+0.197%	$214K	$333K	—	as long as short
Gate ARM_USDT	+0.0174%	8h	328.78	+0.079%	$1.5M	$4.2M	50x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0176%	1h	328.95	+0.131%	$12K	$125K	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	331.58	+0.931%	$5K	$50K	12x	as long as short
Extended ARM-USD	+0.0256%	1h	328.61	+0.027%	$36K	$274K	10x	as long as short
Binance ARMUSDT	+0.0257%	8h	328.52	0.000%	$8.6M	$50.4M	20x	as long as short
Bitget ARMUSDT	+0.0515%	8h	328.75	+0.070%	$1.8M	$3.8M	20x	as long as short
KuCoin ARMUSDTM	+0.0788%	8h	329.03	+0.155%	$2.4M	$121K	20x	as long as short