Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0128%/8h= +14.0% APRnext payment +$0.16 per $10,000 · paid last 24h —

Price spread now: Coinbase International against Lighter−0.227%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 Coinbase International

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. Coinbase International is 0.227% cheaper against Lighter than usual: you would sell low and buy high (spread −0.227% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$23 on $10k: about 5.9 days 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	321.56	0.0032	pay 0.0004% / 1h	2m 01s	—	—	10x
Short	Coinbase International ARM-PERP-INTX	320.83	0.0160	get 0.0020% / 1h	2m 01s	$98K	$289K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.227%Rate

Funding earned: $26.88
Price spread: −0.227% → 0.000%: −$22.7
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$5.82
Costs to cover: 0.100%
Break-even: 8.5 days

Slippage unknown: Lighter: no order-book sample; Coinbase International: live order book, 36 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 Coinbase International live order book, 36 min ago	4.81 bp	11.0 bp −$11	19.5 bp −$195	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	−0.0434%	8h	321.71	+0.047%	$1.7M	$3.9M	20x	as long as short
BloFin ARM-USDT	−0.0003%	8h	321.70	+0.044%	$123K	$52K	20x	as long as short
Aster ARMUSDT	0.0000%	8h	321.67	+0.033%	$7K	$126K	20x	as long as short
Extended ARM-USD	0.0000%	1h	321.64	+0.026%	$36K	$312K	10x	as long as short
Binance ARMUSDT	0.0000%	8h	321.67	+0.035%	$8.3M	$50.0M	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	321.72	+0.050%	$1.9M	$2.1M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	321.39	−0.053%	$1.6M	$6.5M	20x	as long as short
Gate ARM_USDT	0.0000%	8h	321.74	+0.056%	$1.4M	$4.2M	50x	as long as short
Variational Omni ARM	0.0000%	8h	321.60	+0.011%	$187K	$252K	—	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	321.49	−0.022%	$347	$236K	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	321.65	+0.028%	$1K	$2.4M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	321.54	−0.006%	$18K	$14K	20x	as long as short
QFEX ARM-USD	+0.0025%	1h	321.53	−0.009%	$1.1M	$3.4M	10x	as long as short
Lighter ARMlong	+0.0032%	1h	321.56	long leg	—	—	10x
Vest ARM-USD-PERP	+0.0046%	1h	321.68	+0.037%	—	—	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	321.72	+0.050%	$372K	$1.2M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	321.29	−0.084%	$185K	$440K	10x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0092%	1h	321.79	+0.072%	$12K	$59K	10x	as long as short
KuCoin ARMUSDTM	+0.0100%	8h	321.94	+0.118%	$2.3M	$125K	20x	as long as short
Coinbase International ARM-PERP-INTXshort	+0.0160%	1h	320.83	−0.227%	$98K	$289K	10x
Injective ARM/USDC PERP	+0.0220%	1h	324.70	+0.976%	$5K	$49K	12x	as long as short
Phoenix ARM	+0.0224%	1h	321.71	+0.047%	$5K	$444K	10x	as long as short
tradeXYZ xyz:ARM	+0.0237%	1h	321.81	+0.078%	$8.2M	$8.6M	10x	as long as short
edgeX ARMUSDC	+0.0726%	4h	321.41	−0.046%	$36K	$356K	10x	as long as short