Funding you earn now, next payment 04:00 UTC−0.0177%/8h= −19.4% APRnext payment −$0.22 per $10,000 · paid last 24h −0.035%
Price spread now: Lighter against GMX−0.006%7-day average −0.004% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.161%−$16 on $10k
+Price spread, last 4 days (all we have)−0.511%−$51 · spread now −0.006%, 7d avg −0.004%
=Together, before fees−0.672%+ Points / potential airdropLighter: Season 3 · farm board−$67 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ARB/USD [ARB-USDC] | 0.2199 | L +0.0273% / S −0.0155% | pay 0.0034% / 1h | 47m 44s | $820K | — | 150x |
| Short | Lighter ARB | 0.2199 | 0.0096 | get 0.0012% / 1h | 47m 44s | $1.2M | $5.7M | 15x |
GMX ARB/USD [ARB-USDC]
Lighter ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against GMX. 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
- −$37.24
- Price spread: −0.006% → −0.004%
- −$0.21
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$49.45
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: GMX: 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 GMX no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 5 min ago | 2.05 bp | 7.2 bp −$7 | 15.7 bp −$157 | 89.1 bp −$8,913 | doesn't fit |
GMX: 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 | −0.1649% | 1h | 0.2185 | −0.633% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0136% | 1h | 0.2197 | −0.088% | $7K | $2K | 10x | as long as short |
| MEXC ARB_USDT | −0.0136% | 8h | 0.2199 | +0.003% | $40.7M | $59.6M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0135% | 8h | 0.2201 | +0.080% | $22.2M | $147.9M | 50x | as long as short |
| Variational Omni ARB | −0.0117% | 8h | 0.2192 | −0.298% | $1.8M | $2.9M | — | as long as short |
| Polymarket Perps ARB-USD | −0.0116% | 1h | 0.2197 | −0.083% | $70K | $2.1M | 10x | as long as short |
| Gate ARB_USDT | −0.0103% | 8h | 0.2198 | −0.020% | $5.3M | $18.7M | 60x | as long as short |
| Orderly PERP_ARB_USDC | −0.0078% | 8h | 0.2198 | −0.042% | $13K | $388K | 10x | as long as short |
| Bybit ARBUSDT | −0.0046% | 8h | 0.2200 | +0.058% | $55.7M | $125.9M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0006% | 1h | 0.2198 | −0.034% | $1.1M | $4.4M | 50x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Variational Omni ARB
Polymarket Perps ARB-USD
Gate ARB_USDT
Orderly PERP_ARB_USDC
Bybit ARBUSDT
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 | 0.2200 | +0.032% | $65K | $5K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2199 | +0.003% | $24K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2199 | +0.003% | $32K | — | 150x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2198 | −0.058% | $349K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0010% | 8h | 0.2201 | +0.076% | $64.2M | $306.6M | 75x | as long as short |
| SoDEX ARB-USD | +0.0028% | 1h | 0.2198 | −0.051% | $10K | $2.3M | 5x | as long as short |
| BloFin ARB-USDT | +0.0041% | 8h | 0.2195 | −0.192% | $3.1M | $2.6M | 75x | as long as short |
| Bitget ARBUSDT | +0.0065% | 8h | 0.2199 | +0.003% | $20.9M | $34.6M | 50x | as long as short |
| BingX ARB-USDC | +0.0068% | 8h | 0.2196 | −0.133% | — | $6.5M | — | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2199 | +0.025% | $139K | $7K | 3x | as long as short |
| Phemex ARBUSDT | +0.0090% | 8h | 0.2198 | −0.042% | $4.9M | $12.9M | 50x | as long as short |
| Lighter ARBshort | +0.0096% | 1h | 0.2199 | −0.006% | $1.2M | $5.7M | 15x | |
| Hyperliquid ARB | +0.0100% | 1h | 0.2200 | +0.058% | $38.0M | $48.7M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2198 | −0.036% | $634K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2200 | +0.047% | $43K | $169K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2200 | +0.035% | $19.5M | $15.1M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2204 | +0.234% | $40K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2205 | +0.276% | $470K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2196 | −0.133% | $118K | $282K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2197 | −0.088% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2199 | +0.008% | $299K | $953K | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2197 | −0.088% | $492K | $2.0M | 50x | as long as short |
| RISEx ARB/USDC | +0.0225% | 1h | 0.2199 | +0.001% | $476K | $2.6M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC]long | L +0.0273% / S −0.0155% | 1h | 0.2199 | long leg | $820K | — | 150x | |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2197 | −0.101% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0589% | 1h | 0.2202 | +0.144% | $995K | $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
BloFin ARB-USDT
Bitget ARBUSDT
BingX ARB-USDC
Aevo ARB-PERP
Phemex ARBUSDT
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Coinbase International ARB-PERP-INTX
RISEx ARB/USDC
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP