Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h —

Price spread now: OKX against Lighter+0.073%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on OKX

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. OKX is 0.073% dearer against Lighter than usual: you sell high and buy low (spread +0.073% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ARM	327.74	0.0032	pay 0.0004% / 1h	33m 49s	—	—	10x
Short	OKX ARM-USDT-SWAP	327.98	0	get 0.0000% / 8h	6h 33m	$1.7M	$6.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.073%Rate

Funding earned: −$6.72
Price spread: +0.073% → 0.000%: $7.32
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$9.4
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; OKX: 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 OKX live order book, 4 min ago	2.44 bp	9.5 bp −$9	36.2 bp −$362	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 23 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
edgeX ARMUSDC	−0.0631%	4h	327.93	+0.058%	$35K	$345K	10x	as long as short
Coinbase International ARM-PERP-INTX	−0.0024%	1h	328.06	+0.098%	$99K	$287K	10x	as long as short
Aster ARMUSDT	0.0000%	8h	328.22	+0.147%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	327.87	+0.040%	$2.0M	$2.1M	25x	as long as short
OKX ARM-USDT-SWAPshort	0.0000%	8h	327.98	+0.073%	$1.7M	$6.6M	20x
GRVT ARM_USDT_Perp	0.0000%	8h	327.93	+0.059%	$551	$186K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	327.83	+0.027%	$1K	$2.9M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	327.61	−0.040%	$18K	$16K	20x	as long as short
QFEX ARM-USD	+0.0015%	1h	327.73	−0.003%	$1.1M	$4.4M	10x	as long as short
Lighter ARMlong	+0.0032%	1h	327.74	long leg	—	—	10x

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest ARM-USD-PERP	+0.0046%	1h	327.95	+0.064%	—	—	10x	as long as short
tradeXYZ xyz:ARM	+0.0050%	1h	327.96	+0.067%	$8.3M	$9.0M	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	327.78	+0.012%	$380K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	327.67	−0.021%	$201K	$483K	10x	as long as short
Phoenix ARM	+0.0121%	1h	327.92	+0.055%	$5K	$444K	10x	as long as short
Variational Omni ARM	+0.0163%	8h	327.74	0.000%	$213K	$409K	—	as long as short
Gate ARM_USDT	+0.0193%	8h	328.19	+0.137%	$1.5M	$4.2M	50x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	331.58	+1.172%	$5K	$50K	12x	as long as short
Binance ARMUSDT	+0.0288%	8h	327.94	+0.061%	$8.7M	$50.5M	20x	as long as short
Extended ARM-USD	+0.0288%	1h	327.87	+0.040%	$36K	$274K	10x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0452%	1h	327.90	+0.049%	$12K	$125K	10x	as long as short
Bitget ARMUSDT	+0.0582%	8h	327.95	+0.064%	$1.8M	$3.8M	20x	as long as short
KuCoin ARMUSDTM	+0.0809%	8h	328.14	+0.122%	$2.4M	$121K	20x	as long as short