Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h —

Price spread now: Lighter against SunX−0.021%7-day average — · you buy dearer than you sell

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

Long on SunX 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

Funding pays, the price is against you. Lighter is 0.021% cheaper against SunX than usual: you would sell low and buy high (spread −0.021% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 2.2 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	SunX ARM-USDT	329.77	0	get 0.0000% / 8h	7h 06m	$1K	$2.9M	10x
Short	Lighter ARM	329.70	0.0032	get 0.0004% / 1h	6m 27s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SunX. 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 SunXbpFee LighterbpOrdersPrice spread, now −0.021%Rate

Funding earned: $6.72
Price spread: −0.021% → 0.000%: −$2.12
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$3.4
Costs to cover: 0.080%
Break-even: 10.5 days

Slippage unknown: SunX: live order book, 11 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 SunX live order book, 11 min ago	500.11 bp	doesn't fit	doesn't fit	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	329.71	−0.019%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	330.09	+0.097%	$2.0M	$2.2M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	330.00	+0.070%	$1.7M	$6.7M	20x	as long as short
SunX ARM-USDTlong	0.0000%	8h	329.77	long leg	$1K	$2.9M	10x
HTX ARM-USDT	0.0000%	8h	330.51	+0.224%	$18K	$16K	20x	as long as short
BloFin ARM-USDT	+0.0002%	8h	330.08	+0.094%	$127K	$46K	20x	as long as short
QFEX ARM-USD	+0.0026%	1h	329.85	+0.024%	$1.1M	$4.6M	10x	as long as short
Lighter ARMshort	+0.0032%	1h	329.70	−0.021%	—	—	10x
Vest ARM-USD-PERP	+0.0046%	1h	330.12	+0.106%	—	—	10x	as long as short
Coinbase International ARM-PERP-INTX	+0.0048%	1h	330.10	+0.100%	$91K	$284K	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ARM-USD.P	+0.0050%	1h	329.80	+0.009%	$204K	$524K	10x	as long as short
Polymarket Perps ARM-USD	+0.0058%	1h	329.86	+0.027%	$382K	$1.3M	10x	as long as short
tradeXYZ xyz:ARM	+0.0100%	1h	329.80	+0.009%	$8.4M	$8.9M	10x	as long as short
GRVT ARM_USDT_Perp	+0.0161%	8h	330.18	+0.125%	$479	$188K	10x	as long as short
Phoenix ARM	+0.0197%	1h	330.30	+0.161%	$5K	$460K	10x	as long as short
Variational Omni ARM	+0.0205%	8h	330.03	+0.077%	$214K	$526K	—	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	333.61	+1.164%	$5K	$50K	12x	as long as short
Gate ARM_USDT	+0.0333%	8h	330.33	+0.170%	$1.5M	$4.1M	50x	as long as short
Extended ARM-USD	+0.0352%	1h	329.81	+0.013%	$38K	$273K	10x	as long as short
Binance ARMUSDT	+0.0352%	8h	330.02	+0.077%	$8.9M	$50.4M	20x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0387%	1h	329.98	+0.064%	$12K	$125K	10x	as long as short
edgeX ARMUSDC	+0.0667%	4h	330.18	+0.124%	$35K	$344K	10x	as long as short
KuCoin ARMUSDTM	+0.0824%	8h	330.34	+0.173%	$2.4M	$116K	20x	as long as short
Bitget ARMUSDT	+0.0881%	8h	329.93	+0.049%	$1.8M	$3.9M	20x	as long as short