Funding arb · Price arb /

ARM

RWAall ARM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.03 per $10,000 · paid last 24h —

Price spread now: Lighter against QFEX−0.140%7-day average — · you buy dearer than you sell

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

Long on QFEX 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 0.140% cheaper against QFEX than usual: you would sell low and buy high (spread −0.140% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 22 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	QFEX ARM-USD	328.55	0.0011	pay 0.0001% / 1h	1m 08s	$1.1M	$4.1M	10x
Short	Lighter ARM	328.09	0.0032	get 0.0004% / 1h	1m 08s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against QFEX. 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 QFEXbpFee LighterbpOrdersPrice spread, now −0.140%Rate

Funding earned: $4.45
Price spread: −0.140% → 0.000%: −$14
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$19.55
Costs to cover: 0.100%
Break-even: 37.7 days

Slippage unknown: QFEX: live order book, 7 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 QFEX live order book, 7 min ago	2.13 bp	7.4 bp −$7	11.8 bp −$118	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
BloFin ARM-USDT	−0.0019%	8h	328.58	+0.009%	$128K	$48K	20x	as long as short
Coinbase International ARM-PERP-INTX	−0.0008%	1h	328.22	−0.100%	$101K	$292K	10x	as long as short
Aster ARMUSDT	0.0000%	8h	328.44	−0.033%	$7K	$126K	20x	as long as short
Bybit ARMUSDT	0.0000%	8h	328.75	+0.061%	$2.0M	$2.1M	25x	as long as short
OKX ARM-USDT-SWAP	0.0000%	8h	328.64	+0.027%	$1.7M	$6.7M	20x	as long as short
Variational Omni ARM	0.0000%	8h	328.66	+0.034%	$213K	$313K	—	as long as short
GRVT ARM_USDT_Perp	0.0000%	8h	328.25	−0.090%	$657	$192K	10x	as long as short
SunX ARM-USDT	0.0000%	8h	328.30	−0.076%	$1K	$2.7M	10x	as long as short
HTX ARM-USDT	0.0000%	8h	328.50	−0.015%	$18K	$16K	20x	as long as short
QFEX ARM-USDlong	+0.0011%	1h	328.55	long leg	$1.1M	$4.1M	10x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter ARMshort	+0.0032%	1h	328.09	−0.140%	—	—	10x
Vest ARM-USD-PERP	+0.0046%	1h	328.70	+0.046%	—	—	10x	as long as short
Polymarket Perps ARM-USD	+0.0050%	1h	328.65	+0.030%	$381K	$1.3M	10x	as long as short
Ondo Perps ARM-USD.P	+0.0050%	1h	327.81	−0.225%	$203K	$400K	10x	as long as short
Binance ARMUSDT	+0.0076%	8h	328.73	+0.055%	$8.7M	$50.0M	20x	as long as short
Extended ARM-USD	+0.0080%	1h	328.65	+0.030%	$36K	$268K	10x	as long as short
Phoenix ARM	+0.0122%	1h	328.42	−0.040%	$5K	$434K	10x	as long as short
tradeXYZ xyz:ARM	+0.0123%	1h	328.70	+0.046%	$8.3M	$8.8M	10x	as long as short
Gate ARM_USDT	+0.0128%	8h	328.92	+0.113%	$1.5M	$4.3M	50x	as long as short
Injective ARM/USDC PERP	+0.0220%	1h	332.31	+1.144%	$5K	$50K	12x	as long as short
Bitget ARMUSDT	+0.0264%	8h	328.74	+0.058%	$1.8M	$3.8M	20x	as long as short
edgeX ARMUSDC	+0.0319%	4h	328.94	+0.120%	$35K	$348K	10x	as long as short
KuCoin ARMUSDTM	+0.0551%	8h	328.53	−0.006%	$2.4M	$118K	20x	as long as short
Deribit ARM_USDC-PERPETUAL	+0.1365%	1h	328.66	+0.033%	$12K	$125K	10x	as long as short