Funding you earn now, next payment 02:00 UTC+0.0916%/8h= +100.3% APRnext payment +$1.14 per $10,000 · paid last 24h +0.011%
Price spread now: Lighter against ApeX Omni+0.127%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$500.497% of the position
Funding, last 7 days−0.029%−$3 on $10k
+Price spread, last 3 days (all we have)−0.294%−$29 · spread now +0.127%, 7d avg +0.003%
=Together, before fees−0.323%+ Points / potential airdropLighter: Season 3 · farm board−$32 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and Lighter is 0.124% dearer against ApeX Omni than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.003%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.029% in total (about -1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.14 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni ARBUSDT | 0.2212 | −0.0820 | get 0.0102% / 1h | 48m 52s | $119K | $295K | 50x |
| Short | Lighter ARB | 0.2215 | 0.0096 | get 0.0012% / 1h | 48m 52s | $1.2M | $7.4M | 15x |
ApeX Omni ARBUSDT
Lighter ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against ApeX Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $192.31
- Price spread: +0.127% → +0.003%
- $12.39
- Slippage, 4 orders
- −$39.68
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $155.02
- Costs to cover
- 0.497%
- Break-even
- 1.4 days
Slippage from ApeX Omni: live order book, 18 min ago; Lighter: live order book, 4 min ago.
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 ApeX Omni live order book, 18 min ago | 11.05 bp | 20.0 bp −$20 | 109.3 bp −$1,093 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 2.48 bp | 4.4 bp −$4 | 16.1 bp −$161 | 143.5 bp −$14.3K | doesn't fit |
ARB on 36 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective ARB/USDC PERP | −0.1692% | 1h | 0.2202 | −0.452% | $40K | $372K | 12x | as long as short |
| ApeX Omni ARBUSDTlong | −0.0820% | 1h | 0.2212 | long leg | $119K | $295K | 50x | |
| 01 Exchange ARBUSD | −0.0216% | 1h | 0.2212 | −0.005% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0189% | 8h | 0.2213 | +0.059% | $1.9M | $2.9M | — | as long as short |
| SoDEX ARB-USD | −0.0128% | 1h | 0.2213 | +0.023% | $10K | $2.5M | 5x | as long as short |
| MEXC ARB_USDT | −0.0104% | 8h | 0.2215 | +0.149% | $37.3M | $58.9M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0102% | 8h | 0.2214 | +0.077% | $22.4M | $157.3M | 50x | as long as short |
| Bybit ARBUSDT | −0.0069% | 8h | 0.2215 | +0.118% | $57.0M | $129.3M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0054% | 8h | 0.2213 | +0.045% | $13K | $385K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2214 | +0.075% | $65K | $5K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Variational Omni ARB
SoDEX ARB-USD
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Bybit ARBUSDT
Orderly PERP_ARB_USDC
dYdX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2213 | +0.059% | $24K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2214 | +0.068% | $31K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0007% | 8h | 0.2215 | +0.118% | $64.7M | $318.1M | 75x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2215 | +0.114% | $352K | $2.5M | 25x | as long as short |
| BloFin ARB-USDT | +0.0029% | 8h | 0.2212 | −0.023% | $3.1M | $2.9M | 75x | as long as short |
| Gate ARB_USDT | +0.0055% | 8h | 0.2217 | +0.212% | $5.4M | $19.7M | 60x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2214 | +0.077% | $140K | $7K | 3x | as long as short |
| Lighter ARBshort | +0.0096% | 1h | 0.2215 | +0.127% | $1.2M | $7.4M | 15x | |
| Hyperliquid ARB | +0.0100% | 1h | 0.2217 | +0.231% | $38.3M | $50.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2216 | +0.198% | $660K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2214 | +0.093% | $42K | $189K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2217 | +0.231% | $19.6M | $15.9M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2213 | +0.045% | $21.1M | $36.5M | 50x | as long as short |
| BingX ARB-USDC | +0.0100% | 8h | 0.2215 | +0.127% | — | $6.5M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2208 | −0.191% | $40K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2209 | −0.152% | $479K | $3.6M | 10x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2213 | +0.050% | $77K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2213 | +0.045% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2212 | +0.014% | $295K | $1.0M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2215 | +0.136% | $5.1M | $13.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0240% | 1h | 0.2218 | +0.267% | $507K | $2.2M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2213 | +0.042% | $826K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2212 | −0.012% | $2K | $695 | 20x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0312% | 1h | 0.2216 | +0.169% | $1.1M | $4.8M | 50x | as long as short |
| RISEx ARB/USDC | +0.0466% | 1h | 0.2214 | +0.111% | $500K | $2.6M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0499% | 1h | 0.2218 | +0.267% | $1.0M | $2.9M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
BloFin ARB-USDT
Gate ARB_USDT
Aevo ARB-PERP
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDC
edgeX ARBUSDC
GRVT ARB_USDT_Perp
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Kraken Futures PF_ARBUSD
RISEx ARB/USDC
Backpack ARB_USDC_PERP