Natural rubber stretches roughly 5–8× its resting length before tearing. Beyond that, polymer chains can't slide past each other any further; bonds break.
The "stretchiness" you see in elastic bands and balloons is entropic elasticity — heat causes polymer chains to coil into the highest-entropy state (a tangled ball). Stretching forces them straight, decreasing entropy. The recoil force is proportional to absolute temperature: heat a rubber band and it pulls harder.
A real "rubber arm" stretching 30 metres would need: vastly stronger polymer bonds, an enormous oxygen and energy supply for the cellular mass, and a way to fight gravity without snapping. Real biology says no.