Ocean surface waves (sea and swell) are generated by winds blowing over a distance (fetch) for a duration of time. In the Arctic Ocean, fetch varies seasonally from essentially zero in winter to hundreds of kilometers in recent summers. Using in situ observations of waves in the central Beaufort Sea, combined with a numerical wave model and satellite sea ice observations, we show that wave energy scales with fetch throughout the seasonal ice cycle. Furthermore, we show that the increased open water of 2012 allowed waves to develop beyond pure wind seas and evolve into swells. The swells remain tied to the available fetch, however, because fetch is a proxy for the basin size in which the wave evolution occurs. Thus, both sea and swell depend on the open water fetch in the Arctic, because the swell is regionally driven. This suggests that further reductions in seasonal ice cover in the future will result in larger waves, which in turn provide a mechanism to break up sea ice and accelerate ice retreat.