Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.01 per $10,000 · paid last 24h —

Price spread now: Lighter against QFEX+0.071%7-day average — · you sell dearer than you buy

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

Long on QFEX Short on Lighter

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

The price spread pays, funding is against you. Lighter is 0.071% dearer against QFEX than usual: you sell high and buy low (spread +0.071% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 21 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX ARM-USD	324.05	0.0043	pay 0.0005% / 1h	16m 56s	$1.1M	$4.7M	10x
Short	Lighter ARM	324.28	0.0032	get 0.0004% / 1h	16m 56s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against QFEX. 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 QFEXbpFee LighterbpOrdersPrice spread, now +0.071%Rate

Funding earned: −$2.32
Price spread: +0.071% → 0.000%: $7.1
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$5.22
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 6 min ago; Lighter: 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 QFEX live order book, 6 min ago	1.23 bp	8.0 bp −$8	12.2 bp −$122	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

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
Aster ARMUSDT	0.0000%	8h	324.24	+0.058%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	324.41	+0.111%	$2.0M	$2.6M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	324.29	+0.074%	$1.7M	$6.8M	20x	as long as short
Bitget ARMUSDT	0.0000%	8h	324.44	+0.120%	$1.7M	$4.2M	20x	as long as short
Variational Omni ARM	0.0000%	8h	324.51	+0.143%	$277K	$459K	—	as long as short
SunX ARM-USDT	0.0000%	8h	324.02	−0.009%	$1K	$3.2M	10x	as long as short
Deribit ARM_USDC-PERPETUAL	0.0000%	1h	324.35	+0.093%	$12K	$145K	10x	as long as short
HTX ARM-USDT	0.0000%	8h	324.75	+0.216%	$18K	$16K	20x	as long as short
BloFin ARM-USDT	+0.0024%	8h	324.50	+0.139%	$123K	$44K	20x	as long as short
Lighter ARMshort	+0.0032%	1h	324.28	+0.071%	—	—	10x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX ARM-USDlong	+0.0043%	1h	324.05	long leg	$1.1M	$4.7M	10x
Vest ARM-USD-PERP	+0.0046%	1h	324.38	+0.102%	—	—	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	324.20	+0.046%	$365K	$1.5M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	324.14	+0.028%	$215K	$554K	10x	as long as short
Gate ARM_USDT	+0.0062%	8h	324.49	+0.136%	$1.5M	$4.1M	50x	as long as short
Coinbase International ARM-PERP-INTX	+0.0088%	1h	323.28	−0.238%	$83K	$289K	10x	as long as short
Extended ARM-USD	+0.0104%	1h	324.34	+0.091%	$39K	$188K	10x	as long as short
Binance ARMUSDT	+0.0106%	8h	324.40	+0.109%	$8.6M	$51.2M	20x	as long as short
Phoenix ARM	+0.0198%	1h	324.36	+0.096%	$5K	$460K	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	327.86	+1.176%	$5K	$52K	12x	as long as short
GRVT ARM_USDT_Perp	+0.0224%	8h	324.50	+0.140%	$873	$210K	10x	as long as short
tradeXYZ xyz:ARM	+0.0241%	1h	324.43	+0.117%	$7.9M	$10.1M	10x	as long as short
KuCoin ARMUSDTM	+0.0383%	8h	324.82	+0.238%	$2.3M	$118K	20x	as long as short
edgeX ARMUSDC	+0.0950%	4h	324.55	+0.156%	$35K	$349K	10x	as long as short