Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h —

Price spread now: Lighter against Bybit−0.109%7-day average — · you buy dearer than you sell

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

Long on Bybit 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 0.109% cheaper against Bybit than usual: you would sell low and buy high (spread −0.109% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 11 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	Bybit ARMUSDT	321.98	0	get 0.0000% / 8h	3h 17m	$1.9M	$2.2M	25x
Short	Lighter ARM	321.63	0.0032	get 0.0004% / 1h	17m 45s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bybit. 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 BybitbpFee LighterbpOrdersPrice spread, now −0.109%Rate

Funding earned: $6.72
Price spread: −0.109% → 0.000%: −$10.87
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter: 0 bp × 2 orders: $0
Net: −$15.15
Costs to cover: 0.110%
Break-even: 22.8 days

Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago	5.58 bp	21.4 bp −$21	80.8 bp −$808	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
edgeX ARMUSDC	−0.0361%	4h	322.47	+0.151%	$34K	$350K	10x	as long as short
Bitget ARMUSDT	−0.0240%	8h	322.20	+0.068%	$1.8M	$3.9M	20x	as long as short
BloFin ARM-USDT	−0.0018%	8h	321.53	−0.140%	$123K	$50K	20x	as long as short
Aster ARMUSDT	0.0000%	8h	321.89	−0.029%	$7K	$126K	20x	as long as short
Extended ARM-USD	0.0000%	1h	321.54	−0.135%	$37K	$272K	10x	as long as short
Binance ARMUSDT	0.0000%	8h	322.08	+0.030%	$8.3M	$50.7M	20x	as long as short
Bybit ARMUSDTlong	0.0000%	8h	321.98	long leg	$1.9M	$2.2M	25x
OKX ARM-USDT-SWAP	0.0000%	8h	322.06	+0.025%	$1.6M	$6.7M	20x	as long as short
Gate ARM_USDT	0.0000%	8h	321.64	−0.106%	$1.4M	$4.4M	50x	as long as short
Variational Omni ARM	0.0000%	8h	322.57	+0.184%	$208K	$289K	—	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT ARM_USDT_Perp	0.0000%	8h	322.62	+0.199%	$868	$214K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	321.74	−0.075%	$869	$2.6M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	321.80	−0.056%	$18K	$17K	20x	as long as short
QFEX ARM-USD	+0.0014%	1h	321.57	−0.127%	$1.1M	$3.7M	10x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0030%	1h	321.48	−0.155%	$12K	$59K	10x	as long as short
Lighter ARMshort	+0.0032%	1h	321.63	−0.109%	—	—	10x
Vest ARM-USD-PERP	+0.0046%	1h	321.82	−0.050%	—	—	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	321.54	−0.137%	$372K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	321.37	−0.189%	$186K	$413K	10x	as long as short
tradeXYZ xyz:ARM	+0.0114%	1h	322.20	+0.068%	$8.1M	$8.7M	10x	as long as short
Phoenix ARM	+0.0123%	1h	322.00	+0.006%	$5K	$446K	10x	as long as short
Coinbase International ARM-PERP-INTX	+0.0128%	1h	322.33	+0.109%	$100K	$314K	10x	as long as short
KuCoin ARMUSDTM	+0.0137%	8h	321.60	−0.118%	$2.3M	$119K	20x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	327.18	+1.615%	$5K	$50K	12x	as long as short