Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0127%/8h= +13.9% APRnext payment +$0.16 per $10,000 · paid last 24h —

Price spread now: tradeXYZ against Lighter−0.031%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 tradeXYZ

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 · tradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.031% cheaper against Lighter than usual: you would sell low and buy high (spread −0.031% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 20 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ARM	322.00	0.0032	pay 0.0004% / 1h	44m 57s	—	—	10x
Short	tradeXYZ xyz:ARM	321.90	0.0159	get 0.0020% / 1h	44m 57s	$8.1M	$8.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.031%Rate

Funding earned: $26.74
Price spread: −0.031% → 0.000%: −$3.11
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $5.63
Costs to cover: 0.180%
Break-even: 5.5 days

Slippage unknown: Lighter: no order-book sample; tradeXYZ: 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 tradeXYZ live order book, 4 min ago	1.39 bp	11.3 bp −$11	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
Bitget ARMUSDT	−0.0531%	8h	322.07	+0.022%	$1.8M	$3.9M	20x	as long as short
edgeX ARMUSDC	−0.0450%	4h	322.21	+0.065%	$34K	$351K	10x	as long as short
Aster ARMUSDT	0.0000%	8h	321.64	−0.113%	$7K	$126K	20x	as long as short
Extended ARM-USD	0.0000%	1h	321.85	−0.047%	$35K	$272K	10x	as long as short
Binance ARMUSDT	0.0000%	8h	321.85	−0.046%	$8.3M	$50.5M	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	321.86	−0.043%	$1.9M	$2.2M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	321.69	−0.096%	$1.6M	$6.7M	20x	as long as short
Gate ARM_USDT	0.0000%	8h	321.95	−0.016%	$1.4M	$4.3M	50x	as long as short
Variational Omni ARM	0.0000%	8h	322.16	+0.051%	$192K	$296K	—	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	322.32	+0.100%	$1K	$218K	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX ARM-USDT	0.0000%	8h	322.16	+0.050%	$954	$2.6M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	322.11	+0.034%	$18K	$16K	20x	as long as short
QFEX ARM-USD	+0.0011%	1h	322.42	+0.130%	$1.1M	$3.6M	10x	as long as short
BloFin ARM-USDT	+0.0012%	8h	322.09	+0.028%	$122K	$50K	20x	as long as short
Lighter ARMlong	+0.0032%	1h	322.00	long leg	—	—	10x
Vest ARM-USD-PERP	+0.0046%	1h	322.48	+0.149%	—	—	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	322.12	+0.037%	$373K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	322.44	+0.137%	$184K	$413K	10x	as long as short
KuCoin ARMUSDTM	+0.0100%	8h	321.96	−0.012%	$2.3M	$119K	20x	as long as short
tradeXYZ xyz:ARMshort	+0.0159%	1h	321.90	−0.031%	$8.1M	$8.6M	10x
Coinbase International ARM-PERP-INTX	+0.0176%	1h	321.20	−0.248%	$99K	$307K	10x	as long as short
Phoenix ARM	+0.0200%	1h	322.37	+0.115%	$5K	$446K	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	324.06	+0.640%	$5K	$50K	12x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0340%	1h	322.25	+0.078%	$12K	$59K	10x	as long as short