Funding you earn now, next payment 04:00 UTC+0.0135%/8h= +14.8% APRpaid last 24h +0.035%
Price spread now: Lighter against Bybit+0.109%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$420.417% of the position
Funding, last 7 days+0.090%+$9 on $10k
+Price spread, last 7 days−0.086%−$9 · spread now +0.109%, 7d avg +0.051%
=Together, before fees+0.003%+ Points / potential airdropLighter: Season 3 · farm board$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter is 0.058% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.051%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ARBUSDT | 0.2202 | −0.0039 | get 0.0039% / 8h | 4h 00m | $55.5M | $124.7M | 50x |
| Short | Lighter ARB | 0.2204 | 0.0096 | get 0.0012% / 1h | 0m 34s | $1.2M | $5.8M | 15x |
Bybit ARBUSDT
Lighter ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bybit. 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
- $28.36
- Price spread: +0.109% → +0.051%
- $5.82
- Slippage, 4 orders
- −$30.75
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$7.57
- Costs to cover
- 0.417%
- Break-even
- 8.9 days
Slippage from Bybit: live order book, 3 min ago; Lighter: live order book, 7 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 Bybit live order book, 3 min ago | 0.23 bp | 8.7 bp −$9 | 18.1 bp −$181 | 44.9 bp −$4,487 | doesn't fit |
| Sell Lighter live order book, 7 min ago | 1.37 bp | 9.5 bp −$9 | 20.0 bp −$200 | 88.0 bp −$8,796 | 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 | −0.1649% | 1h | 0.2189 | −0.590% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0168% | 1h | 0.2203 | +0.068% | $7K | $2K | 10x | as long as short |
| Polymarket Perps ARB-USD | −0.0151% | 1h | 0.2202 | −0.009% | $86K | $2.1M | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0115% | 8h | 0.2203 | +0.050% | $22.2M | $144.9M | 50x | as long as short |
| MEXC ARB_USDT | −0.0114% | 8h | 0.2203 | +0.054% | $42.7M | $61.1M | 200x | as long as short |
| Variational Omni ARB | −0.0095% | 8h | 0.2201 | −0.058% | $1.8M | $2.9M | — | as long as short |
| Orderly PERP_ARB_USDC | −0.0074% | 8h | 0.2202 | 0.000% | $13K | $401K | 10x | as long as short |
| Gate ARB_USDT | −0.0041% | 8h | 0.2204 | +0.077% | $5.3M | $18.9M | 60x | as long as short |
| Bybit ARBUSDTlong | −0.0039% | 8h | 0.2202 | long leg | $55.5M | $124.7M | 50x | |
| Kraken Futures PF_ARBUSD | −0.0006% | 1h | 0.2202 | +0.013% | $1.1M | $4.4M | 50x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Polymarket Perps ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Variational Omni ARB
Orderly PERP_ARB_USDC
Gate ARB_USDT
Kraken Futures PF_ARBUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2205 | +0.134% | $65K | $5K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2202 | 0.000% | $24K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2202 | −0.020% | $32K | — | 150x | as long as short |
| Extended ARB-USD | +0.0016% | 1h | 0.2202 | −0.006% | $350K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0020% | 8h | 0.2203 | +0.060% | $64.0M | $301.4M | 75x | as long as short |
| SoDEX ARB-USD | +0.0031% | 1h | 0.2201 | −0.032% | $10K | $2.2M | 5x | as long as short |
| Bitget ARBUSDT | +0.0061% | 8h | 0.2203 | +0.045% | $20.9M | $34.1M | 50x | as long as short |
| BingX ARB-USDC | +0.0063% | 8h | 0.2200 | −0.073% | — | $6.5M | — | as long as short |
| BloFin ARB-USDT | +0.0071% | 8h | 0.2202 | +0.009% | $3.1M | $2.6M | 75x | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2202 | +0.013% | $140K | $7K | 3x | as long as short |
| Lighter ARBshort | +0.0096% | 1h | 0.2204 | +0.109% | $1.2M | $5.8M | 15x | |
| Hyperliquid ARB | +0.0100% | 1h | 0.2206 | +0.168% | $37.8M | $48.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2204 | +0.110% | $634K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2205 | +0.119% | $42K | $168K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2205 | +0.141% | $19.6M | $14.8M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2200 | −0.077% | $38K | $464K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2202 | +0.001% | $468K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2202 | 0.000% | $119K | $283K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2201 | −0.045% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2202 | 0.000% | $299K | $909K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2202 | 0.000% | $5.0M | $13.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2206 | +0.186% | $491K | $1.8M | 50x | as long as short |
| RISEx ARB/USDC | +0.0225% | 1h | 0.2204 | +0.084% | $478K | $2.6M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2201 | −0.024% | $831K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2201 | −0.066% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0611% | 1h | 0.2206 | +0.191% | $994K | $2.8M | 20x | as long as short |
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Binance ARBUSDT
SoDEX ARB-USD
Bitget ARBUSDT
BingX ARB-USDC
BloFin ARB-USDT
Aevo ARB-PERP
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP