Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0628%/8h= +68.8% APRpaid last 24h —

Price spread now: KuCoin against Lighter−0.043%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 KuCoin

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. KuCoin is 0.043% cheaper against Lighter than usual: you would sell low and buy high (spread −0.043% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 5 hours of funding at the current rate (+$19 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ARM	326.81	0.0032	pay 0.0004% / 1h	17m 27s	—	—	10x
Short	KuCoin ARMUSDTM	326.67	0.0660	get 0.0660% / 8h	17m 27s	$2.3M	$121K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.043%Rate

Funding earned: $131.88
Price spread: −0.043% → 0.000%: −$4.28
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $115.6
Costs to cover: 0.120%
Break-even: 0.9 days

Slippage unknown: Lighter: no order-book sample; KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago	6.27 bp	134.1 bp −$134	doesn't fit	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 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
BloFin ARM-USDT	−0.0014%	8h	326.51	−0.092%	$124K	$45K	20x	as long as short
Aster ARMUSDT	0.0000%	8h	326.60	−0.065%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	326.72	−0.028%	$2.0M	$2.4M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	326.66	−0.046%	$1.7M	$6.7M	20x	as long as short
Bitget ARMUSDT	0.0000%	8h	326.68	−0.040%	$1.8M	$4.2M	20x	as long as short
SunX ARM-USDT	0.0000%	8h	326.23	−0.177%	$1K	$3.1M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	326.32	−0.150%	$18K	$17K	20x	as long as short
Coinbase International ARM-PERP-INTX	+0.0016%	1h	326.10	−0.217%	$89K	$288K	10x	as long as short
Lighter ARMlong	+0.0032%	1h	326.81	long leg	—	—	10x
QFEX ARM-USD	+0.0033%	1h	326.94	+0.040%	$1.1M	$4.8M	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest ARM-USD-PERP	+0.0046%	1h	326.78	−0.009%	—	—	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	326.78	−0.009%	$386K	$2.1M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	326.68	−0.040%	$208K	$555K	10x	as long as short
Gate ARM_USDT	+0.0069%	8h	327.27	+0.141%	$1.5M	$4.1M	50x	as long as short
Variational Omni ARM	+0.0145%	8h	326.36	−0.137%	$213K	$523K	—	as long as short
tradeXYZ xyz:ARM	+0.0171%	1h	327.04	+0.070%	$8.1M	$9.7M	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	329.31	+0.765%	$5K	$52K	12x	as long as short
Phoenix ARM	+0.0271%	1h	326.41	−0.122%	$5K	$460K	10x	as long as short
Extended ARM-USD	+0.0288%	1h	326.99	+0.055%	$39K	$188K	10x	as long as short
Binance ARMUSDT	+0.0300%	8h	326.61	−0.061%	$8.6M	$51.0M	20x	as long as short
GRVT ARM_USDT_Perp	+0.0344%	8h	326.79	−0.007%	$503	$200K	10x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0484%	1h	327.00	+0.058%	$12K	$145K	10x	as long as short
KuCoin ARMUSDTMshort	+0.0660%	8h	326.67	−0.043%	$2.3M	$121K	20x
edgeX ARMUSDC	+0.0988%	4h	326.86	+0.017%	$35K	$351K	10x	as long as short