Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h —

Price spread now: Ondo Perps against Lighter−0.082%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 Ondo Perps

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 · Ondo Perps: Active · farm boardneeds both histories

Funding pays, the price is against you. Ondo Perps is 0.082% cheaper against Lighter than usual: you would sell low and buy high (spread −0.082% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 15 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	Lighter ARM	328.56	0.0032	pay 0.0004% / 1h	45m 03s	—	—	10x
Short	Ondo Perps ARM-USD.P	328.29	0.0050	get 0.0006% / 1h	45m 03s	$202K	$534K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.082%Rate

Funding earned: $3.86
Price spread: −0.082% → 0.000%: −$8.22
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$9.35
Costs to cover: 0.050%
Break-even: 23.9 days

Slippage unknown: Lighter: no order-book sample; Ondo Perps: 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 Lighter no order-book sample	—	—	—	—	—
Sell Ondo Perps no order-book sample	—	—	—	—	—

Lighter and Ondo Perps: 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
edgeX ARMUSDC	−0.0532%	4h	328.38	−0.053%	$35K	$346K	10x	as long as short
Coinbase International ARM-PERP-INTX	−0.0024%	1h	328.25	−0.094%	$98K	$292K	10x	as long as short
BloFin ARM-USDT	−0.0010%	8h	329.28	+0.219%	$128K	$46K	20x	as long as short
Aster ARMUSDT	0.0000%	8h	328.67	+0.032%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	328.67	+0.033%	$2.0M	$2.2M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	328.51	−0.015%	$1.7M	$6.6M	20x	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	329.28	+0.219%	$576	$186K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	328.33	−0.070%	$1K	$2.9M	10x	as long as short
Deribit ARM_USDC-PERPETUAL	0.0000%	1h	328.34	−0.067%	$12K	$125K	10x	as long as short
HTX ARM-USDT	0.0000%	8h	328.36	−0.061%	$18K	$16K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX ARM-USD	+0.0015%	1h	328.55	−0.003%	$1.1M	$4.4M	10x	as long as short
Lighter ARMlong	+0.0032%	1h	328.56	long leg	—	—	10x
Vest ARM-USD-PERP	+0.0046%	1h	328.69	+0.040%	—	—	10x	as long as short
tradeXYZ xyz:ARM	+0.0050%	1h	328.58	+0.006%	$8.3M	$8.9M	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	328.39	−0.052%	$380K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.Pshort	+0.0050%	1h	328.29	−0.082%	$202K	$534K	10x
Phoenix ARM	+0.0121%	1h	328.73	+0.052%	$5K	$444K	10x	as long as short
Variational Omni ARM	+0.0186%	8h	328.60	+0.012%	$213K	$438K	—	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	333.76	+1.583%	$5K	$50K	12x	as long as short
Gate ARM_USDT	+0.0290%	8h	328.79	+0.070%	$1.5M	$4.1M	50x	as long as short
Binance ARMUSDT	+0.0317%	8h	328.65	+0.026%	$8.7M	$50.6M	20x	as long as short
Extended ARM-USD	+0.0320%	1h	328.32	−0.072%	$36K	$278K	10x	as long as short
Bitget ARMUSDT	+0.0757%	8h	328.49	−0.021%	$1.8M	$3.8M	20x	as long as short
KuCoin ARMUSDTM	+0.0822%	8h	328.86	+0.091%	$2.4M	$121K	20x	as long as short