ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.057%

Price spread now: Lighter against Deribit−0.069%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.069% cheaper against Deribit than usual: you would sell low and buy high (spread −0.069% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.4 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ARB_USDC-PERPETUAL	0.2182	0	get 0.0000% / 1h	38m 16s	$23K	$33K	25x
Short	Lighter ARB	0.2180	0.0096	get 0.0012% / 1h	38m 16s	$1.2M	$5.5M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee LighterbpOrdersPrice spread, now −0.069%Rate

Funding earned: $20.16
Price spread: −0.069% → 0.000%: −$6.88
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $6.28
Costs to cover: 0.070%
Break-even: 4.8 days

Slippage unknown: Deribit: no order-book sample; Lighter: live order book, 5 min ago. Net counts fees only.

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 Deribit no order-book sample	—	—	—	—	—
Sell Lighter live order book, 5 min ago	2.29 bp	13.8 bp −$14	29.6 bp −$296	101.4 bp −$10.1K	doesn't fit

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1581%	1h	0.2159	−1.036%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0184%	1h	0.2177	−0.202%	$7K	$236	10x	as long as short
Polymarket Perps ARB-USD	−0.0136%	1h	0.2180	−0.060%	$78K	$2.1M	10x	as long as short
Variational Omni ARB	−0.0099%	8h	0.2171	−0.500%	$1.7M	$3.0M	—	as long as short
MEXC ARB_USDT	−0.0090%	8h	0.2180	−0.055%	$42.1M	$61.1M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0088%	8h	0.2180	−0.069%	$21.6M	$142.3M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0075%	1h	0.2182	+0.001%	$1.0M	$4.4M	50x	as long as short
Bybit ARBUSDT	−0.0072%	8h	0.2179	−0.119%	$54.1M	$123.8M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0056%	8h	0.2180	−0.073%	$12K	$409K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2179	−0.135%	$64K	$5K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUALlong	0.0000%	1h	0.2182	long leg	$23K	$33K	25x
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2181	−0.046%	$44K	—	150x	as long as short
Bitget ARBUSDT	+0.0050%	8h	0.2180	−0.073%	$20.9M	$34.2M	50x	as long as short
Gate ARB_USDT	+0.0051%	8h	0.2181	−0.023%	$5.4M	$18.1M	60x	as long as short
Extended ARB-USD	+0.0072%	1h	0.2179	−0.099%	$348K	$2.8M	25x	as long as short
BingX ARB-USDT	+0.0072%	8h	0.2180	−0.069%	—	$53.7M	—	as long as short
Binance ARBUSDT	+0.0072%	8h	0.2180	−0.060%	$62.5M	$300.0M	75x	as long as short
RISEx ARB/USDC	+0.0086%	1h	0.2177	−0.198%	$438K	$2.6M	10x	as long as short
Lighter ARBshort	+0.0096%	1h	0.2180	−0.069%	$1.2M	$5.5M	15x
Aevo ARB-PERP	+0.0096%	1h	0.2181	−0.013%	$138K	$7K	3x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2180	−0.060%	$36.6M	$48.6M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2179	−0.110%	$628K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2178	−0.170%	$42K	$160K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2178	−0.156%	$19.4M	$14.4M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2181	−0.044%	$39K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2172	−0.457%	$462K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2173	−0.394%	$117K	$282K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2181	−0.028%	$2K	$1.1M	30x	as long as short
SoDEX ARB-USD	+0.0100%	1h	0.2181	−0.046%	$10K	$2.2M	5x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2182	+0.028%	$291K	$894K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2179	−0.119%	$4.9M	$12.6M	50x	as long as short
BloFin ARB-USDT	+0.0192%	8h	0.2176	−0.238%	$3.0M	$2.4M	75x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2180	−0.066%	$823K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2187	+0.257%	$504K	$1.6M	50x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2181	−0.032%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0652%	1h	0.2180	−0.096%	$977K	$2.8M	20x	as long as short