Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0168%/8h= +18.4% APRnext payment +$0.21 per $10,000 · paid last 24h —

Price spread now: Phoenix against Lighter−0.312%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 Phoenix

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. Phoenix is 0.312% cheaper against Lighter than usual: you would sell low and buy high (spread −0.312% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$31 on $10k: about 6.2 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ARM	320.85	0.0032	pay 0.0004% / 1h	12m 30s	—	—	10x
Short	Phoenix ARM	319.85	0.0200	get 0.0025% / 1h	12m 30s	$5K	$446K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.312%Rate

Funding earned: $35.24
Price spread: −0.312% → 0.000%: −$31.17
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$2.93
Costs to cover: 0.070%
Break-even: 7.6 days

Slippage unknown: Lighter: no order-book sample; Phoenix: live order book, 35 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 Phoenix live order book, 35 min ago	6.51 bp	18.9 bp −$19	40.8 bp −$408	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
Bitget ARMUSDT	−0.0936%	8h	320.65	−0.062%	$1.8M	$4.0M	20x	as long as short
edgeX ARMUSDC	−0.0580%	4h	319.75	−0.341%	$34K	$352K	10x	as long as short
BloFin ARM-USDT	−0.0028%	8h	320.44	−0.128%	$121K	$51K	20x	as long as short
Aster ARMUSDT	0.0000%	8h	320.66	−0.060%	$7K	$126K	20x	as long as short
Extended ARM-USD	0.0000%	1h	320.93	+0.026%	$38K	$272K	10x	as long as short
Binance ARMUSDT	0.0000%	8h	320.91	+0.019%	$8.2M	$50.3M	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	321.12	+0.084%	$1.9M	$2.1M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	320.82	−0.009%	$1.6M	$6.7M	20x	as long as short
Gate ARM_USDT	0.0000%	8h	321.06	+0.065%	$1.4M	$4.4M	50x	as long as short
Variational Omni ARM	0.0000%	8h	319.57	−0.398%	$184K	$294K	—	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT ARM_USDT_Perp	0.0000%	8h	319.65	−0.375%	$655	$221K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	320.28	−0.178%	$1K	$2.5M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	319.53	−0.411%	$18K	$17K	20x	as long as short
QFEX ARM-USD	+0.0011%	1h	320.99	+0.044%	$1.1M	$3.5M	10x	as long as short
Lighter ARMlong	+0.0032%	1h	320.85	long leg	—	—	10x
Vest ARM-USD-PERP	+0.0046%	1h	320.77	−0.025%	—	—	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	320.78	−0.022%	$371K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	319.43	−0.443%	$185K	$422K	10x	as long as short
KuCoin ARMUSDTM	+0.0100%	8h	320.58	−0.084%	$2.3M	$119K	20x	as long as short
tradeXYZ xyz:ARM	+0.0141%	1h	320.99	+0.044%	$8.1M	$8.7M	10x	as long as short
Coinbase International ARM-PERP-INTX	+0.0176%	1h	320.40	−0.140%	$100K	$299K	10x	as long as short
Phoenix ARMshort	+0.0200%	1h	319.85	−0.312%	$5K	$446K	10x
Injective ARM/USDC PERP	+0.0220%	1h	323.11	+0.704%	$5K	$50K	12x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.1344%	1h	320.49	−0.112%	$12K	$59K	10x	as long as short