Funding you earn now, next payment 07:00 UTC−0.0240%/8h= −26.3% APRnext payment −$0.30 per $10,000 · paid last 24h −0.071%
Price spread now: Lighter against Coinbase International−0.242%7-day average −0.136% · you buy dearer than you sell
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$670.669% of the position
Funding, last 7 days−0.296%−$30 on $10k
+Price spread, last 4 days (all we have)−0.415%−$42 · spread now −0.242%, 7d avg −0.136%
=Together, before fees−0.711%+ Points / potential airdropLighter: Season 3 · farm board−$71 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Lighter is 0.106% cheaper against Coinbase International than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.136%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ARB-PERP-INTX | 0.2187 | 0.0336 | pay 0.0042% / 1h | 1m 56s | $513K | $1.5M | 50x |
| Short | Lighter ARB | 0.2182 | 0.0096 | get 0.0012% / 1h | 1m 56s | $1.3M | $5.5M | 15x |
Coinbase International ARB-PERP-INTX
Lighter ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Coinbase International. 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
- −$50.4
- Price spread: −0.242% → −0.136%
- −$10.6
- Slippage, 4 orders
- −$56.91
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$127.91
- Costs to cover
- 0.669%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 2 min ago; Lighter: live order book, 6 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 Coinbase International live order book, 2 min ago | 6.87 bp | 24.3 bp −$24 | 58.3 bp −$583 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 2.06 bp | 11.2 bp −$11 | 36.9 bp −$369 | 463.7 bp −$46.4K | 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 | −0.1612% | 1h | 0.2176 | −0.503% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0192% | 1h | 0.2181 | −0.256% | $7K | $236 | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0071% | 8h | 0.2184 | −0.142% | $21.9M | $144.7M | 50x | as long as short |
| MEXC ARB_USDT | −0.0071% | 8h | 0.2182 | −0.251% | $41.6M | $62.8M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0041% | 8h | 0.2183 | −0.183% | $16K | $410K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0025% | 1h | 0.2182 | −0.215% | $28K | $38K | 25x | as long as short |
| SoDEX ARB-USD | −0.0014% | 1h | 0.2182 | −0.233% | $9K | $2.2M | 5x | as long as short |
| Binance ARBUSDT | 0.0000% | 8h | 0.2183 | −0.169% | $63.0M | $298.9M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2184 | −0.147% | $65K | $4K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2181 | −0.259% | $350K | $3.1M | 25x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Orderly PERP_ARB_USDC
Deribit ARB_USDC-PERPETUAL
SoDEX ARB-USD
Binance ARBUSDT
dYdX ARB-USD
Extended ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2183 | −0.183% | $72K | — | 150x | as long as short |
| Polymarket Perps ARB-USD | +0.0011% | 1h | 0.2182 | −0.238% | $73K | $2.1M | 10x | as long as short |
| Gate ARB_USDT | +0.0018% | 8h | 0.2184 | −0.137% | $5.4M | $18.5M | 60x | as long as short |
| Variational Omni ARB | +0.0025% | 8h | 0.2184 | −0.144% | $1.8M | $3.0M | — | as long as short |
| Bybit ARBUSDT | +0.0025% | 8h | 0.2183 | −0.169% | $53.2M | $125.8M | 50x | as long as short |
| RISEx ARB/USDC | +0.0069% | 1h | 0.2183 | −0.201% | $510K | $2.7M | 10x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2183 | −0.201% | $138K | $7K | 3x | as long as short |
| Bitget ARBUSDT | +0.0087% | 8h | 0.2184 | −0.137% | $21.1M | $34.6M | 50x | as long as short |
| BingX ARB-USDC | +0.0087% | 8h | 0.2182 | −0.210% | — | $6.5M | — | as long as short |
| Kraken Futures PF_ARBUSD | +0.0093% | 1h | 0.2183 | −0.177% | $1.1M | $4.3M | 50x | as long as short |
| Lighter ARBshort | +0.0096% | 1h | 0.2182 | −0.242% | $1.3M | $5.5M | 15x | |
| BloFin ARB-USDT | +0.0098% | 8h | 0.2184 | −0.123% | $3.0M | $2.3M | 75x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2185 | −0.096% | $36.6M | $49.7M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2183 | −0.179% | $625K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2185 | −0.114% | $43K | $146K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2183 | −0.197% | $19.4M | $13.9M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2183 | −0.191% | $39K | $464K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2183 | −0.171% | $464K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2184 | −0.137% | $118K | $268K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2184 | −0.137% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2182 | −0.238% | $292K | $839K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2183 | −0.183% | $4.8M | $12.8M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0159% | 1h | 0.2183 | −0.194% | $825K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0288% | 1h | 0.2181 | −0.257% | $2K | $695 | 20x | as long as short |
| Coinbase International ARB-PERP-INTXlong | +0.0336% | 1h | 0.2187 | long leg | $513K | $1.5M | 50x | |
| Backpack ARB_USDC_PERP | +0.0412% | 1h | 0.2184 | −0.119% | $977K | $2.8M | 20x | as long as short |
gTrade (Gains Network) ARB/USD
Polymarket Perps ARB-USD
Gate ARB_USDT
Variational Omni ARB
Bybit ARBUSDT
RISEx ARB/USDC
Aevo ARB-PERP
Bitget ARBUSDT
BingX ARB-USDC
Kraken Futures PF_ARBUSD
BloFin ARB-USDT
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
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP