ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.037%

Price spread now: Lighter against dYdX−0.031%58s7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.167%+$17 on $10k

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 0.031% cheaper against dYdX than usual: you would sell low and buy high (spread −0.031% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 26 hours of funding at the current rate (+$3 a day). The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ARB-USD	0.2246	0	get 0.0000% / 1h	10m 48s	$66K	$4K	10x
Short	Lighter ARB	0.2245	0.0096	get 0.0012% / 1h	10m 48s	$1.3M	$7.4M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against dYdX. 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 dYdXbpFee LighterbpOrdersPrice spread, now −0.031%Rate

Funding earned: $20.16
Price spread: −0.031% → 0.000%: −$3.12
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $7.04
Costs to cover: 0.100%
Break-even: 4.6 days

Slippage unknown: dYdX: no order-book sample; Lighter: live order book, 8 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 dYdX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 8 min ago	2.23 bp	5.8 bp −$6	18.9 bp −$189	111.2 bp −$11.1K	doesn't fit

dYdX: 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	−0.1770%	1h	0.2231	−0.677%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0232%	1h	0.2244	−0.085%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0202%	1h	0.2246	+0.013%	$4K	$2.7M	5x	as long as short
Variational Omni ARB	−0.0168%	8h	0.2236	−0.438%	$1.9M	$2.7M	—	as long as short
Bybit ARBUSDT	−0.0152%	8h	0.2244	−0.093%	$58.0M	$132.4M	50x	as long as short
Polymarket Perps ARB-USD	−0.0132%	1h	0.2246	−0.018%	$73K	$2.0M	10x	as long as short
OKX ARB-USDT-SWAP	−0.0100%	8h	0.2244	−0.102%	$22.5M	$160.3M	50x	as long as short
MEXC ARB_USDT	−0.0099%	8h	0.2246	−0.018%	$37.3M	$62.8M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0039%	8h	0.2246	−0.009%	$10K	$395K	10x	as long as short
Extended ARB-USD	−0.0008%	1h	0.2245	−0.039%	$356K	$2.4M	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDT	−0.0007%	8h	0.2246	+0.001%	$64.3M	$315.9M	75x	as long as short
dYdX ARB-USDlong	0.0000%	1h	0.2246	long leg	$66K	$4K	10x
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2248	+0.067%	$26K	$32K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2247	+0.036%	$56K	—	150x	as long as short
Gate ARB_USDT	+0.0040%	8h	0.2246	+0.009%	$5.5M	$20.7M	60x	as long as short
Bitget ARBUSDT	+0.0066%	8h	0.2245	−0.053%	$21.2M	$37.1M	50x	as long as short
BingX ARB-USDT	+0.0066%	8h	0.2245	−0.049%	—	$53.3M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2248	+0.072%	$147K	$12K	3x	as long as short
Kraken Futures PF_ARBUSD	+0.0085%	1h	0.2248	+0.100%	$1.1M	$5.1M	50x	as long as short
Lighter ARBshort	+0.0096%	1h	0.2245	−0.031%	$1.3M	$7.4M	15x
Hyperliquid ARB	+0.0100%	1h	0.2247	+0.053%	$40.2M	$50.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2247	+0.016%	$698K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2246	+0.013%	$44K	$193K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2248	+0.062%	$20.7M	$16.4M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2240	−0.274%	$40K	$460K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2240	−0.254%	$486K	$3.8M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2239	−0.321%	$121K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2249	+0.125%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2246	0.000%	$277K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2245	−0.053%	$5.2M	$13.3M	50x	as long as short
BloFin ARB-USDT	+0.0113%	8h	0.2246	0.000%	$3.0M	$3.3M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0264%	1h	0.2246	−0.009%	$507K	$2.3M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0274% / S −0.0156%	1h	0.2247	+0.042%	$843K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2245	−0.045%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0363%	1h	0.2247	+0.029%	$497K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0622%	1h	0.2250	+0.160%	$1.1M	$2.7M	20x	as long as short