Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0497%/8h= −54.4% APRpaid last 24h —

Price spread now: Bitget against Lighter+0.062%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 Bitget

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. Bitget is 0.062% dearer against Lighter than usual: you sell high and buy low (spread +0.062% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ARM	321.31	0.0032	pay 0.0004% / 1h	11m 34s	—	—	10x
Short	Bitget ARMUSDT	321.51	−0.0465	pay 0.0465% / 8h	11m 34s	$1.7M	$4.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.062%Rate

Funding earned: −$104.37
Price spread: +0.062% → 0.000%: $6.22
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$110.15
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; Bitget: live order book, 1 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 Bitget live order book, 1 min ago	3.42 bp	16.1 bp −$16	26.0 bp −$260	84.2 bp −$8,419	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
edgeX ARMUSDC	−0.0893%	4h	321.60	+0.090%	$36K	$357K	10x	as long as short
Bitget ARMUSDTshort	−0.0465%	8h	321.51	+0.062%	$1.7M	$4.0M	20x
Aster ARMUSDT	0.0000%	8h	321.43	+0.036%	$7K	$126K	20x	as long as short
Extended ARM-USD	0.0000%	1h	321.27	−0.012%	$35K	$310K	10x	as long as short
Binance ARMUSDT	0.0000%	8h	321.46	+0.046%	$8.2M	$50.0M	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	321.52	+0.065%	$1.9M	$2.1M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	321.21	−0.031%	$1.6M	$6.5M	20x	as long as short
Gate ARM_USDT	0.0000%	8h	321.54	+0.072%	$1.4M	$4.1M	50x	as long as short
Variational Omni ARM	0.0000%	8h	321.56	+0.078%	$187K	$252K	—	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	321.83	+0.162%	$1K	$237K	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	321.74	+0.134%	$988	$2.4M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	321.50	+0.059%	$18K	$15K	20x	as long as short
BloFin ARM-USDT	+0.0023%	8h	321.52	+0.065%	$123K	$52K	20x	as long as short
QFEX ARM-USD	+0.0025%	1h	321.39	+0.025%	$1.1M	$3.4M	10x	as long as short
Lighter ARMlong	+0.0032%	1h	321.31	long leg	—	—	10x
Vest ARM-USD-PERP	+0.0046%	1h	321.82	+0.159%	—	—	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	321.70	+0.121%	$372K	$1.2M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	321.72	+0.128%	$185K	$441K	10x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.0061%	1h	321.67	+0.112%	$12K	$59K	10x	as long as short
KuCoin ARMUSDTM	+0.0100%	8h	321.80	+0.153%	$2.3M	$121K	20x	as long as short
Coinbase International ARM-PERP-INTX	+0.0160%	1h	320.83	−0.149%	$98K	$289K	10x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	324.70	+1.055%	$5K	$49K	12x	as long as short
Phoenix ARM	+0.0224%	1h	321.71	+0.124%	$5K	$444K	10x	as long as short
tradeXYZ xyz:ARM	+0.0242%	1h	321.54	+0.072%	$8.2M	$8.7M	10x	as long as short