Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.027%

Price spread now: Lighter against GRVT+0.326%48s7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$670.674% of the position

Long on GRVT Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 7 days−0.339%−$34 · spread now +0.326%, 7d avg −0.029%

Together, before fees−0.361%+ Points / potential airdropGRVT: Active · Lighter: Season 3 · farm board−$36 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.355% dearer against GRVT than usual: you sell high and buy low, +$36 on $10k if it goes back to its 7-day average of −0.029%. The two prices were read 48 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	GRVT ARB_USDT_Perp	0.2209	0.0100	pay 0.0100% / 8h	2h 02m	$469K	$4.0M	10x
Short	Lighter ARB	0.2217	0.0096	get 0.0012% / 1h	2m 45s	$1.3M	$7.8M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against GRVT. 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 GRVTbpFee LighterbpOrdersPrice spread, now +0.326%Rate

Funding earned: −$0.84
Price spread: +0.326% → −0.029%: $35.53
Slippage, 4 orders: −$58.42
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$32.73
Costs to cover: 0.674%
Break-even: never at this rate

Slippage from GRVT: live order book, 1 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 GRVT live order book, 1 min ago	2.26 bp	29.8 bp −$30	43.3 bp −$433	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	2.02 bp	8.9 bp −$9	19.4 bp −$194	111.6 bp −$11.2K	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	−0.1675%	1h	0.2202	−0.339%	$40K	$197K	12x	as long as short
01 Exchange ARBUSD	−0.0280%	1h	0.2215	+0.227%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0154%	8h	0.2225	+0.700%	$1.9M	$2.8M	—	as long as short
SoDEX ARB-USD	−0.0131%	1h	0.2216	+0.295%	$4K	$2.9M	5x	as long as short
Bybit ARBUSDT	−0.0130%	8h	0.2215	+0.227%	$56.9M	$137.1M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0110%	8h	0.2214	+0.218%	$22.0M	$162.9M	50x	as long as short
MEXC ARB_USDT	−0.0109%	8h	0.2215	+0.258%	$36.6M	$64.2M	200x	as long as short
Polymarket Perps ARB-USD	−0.0073%	1h	0.2215	+0.249%	$76K	$2.2M	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0054%	1h	0.2219	+0.408%	$1.1M	$5.2M	50x	as long as short
Binance ARBUSDT	−0.0024%	8h	0.2216	+0.281%	$63.1M	$324.9M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ARB-USD	−0.0024%	1h	0.2214	+0.208%	$353K	$2.4M	25x	as long as short
Orderly PERP_ARB_USDC	−0.0022%	8h	0.2215	+0.249%	$11K	$390K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0021%	1h	0.2217	+0.335%	$25K	$32K	25x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2216	+0.290%	$65K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2217	+0.329%	$55K	—	150x	as long as short
Gate ARB_USDT	+0.0006%	8h	0.2216	+0.295%	$5.5M	$21.7M	60x	as long as short
Aevo ARB-PERP	+0.0072%	1h	0.2217	+0.344%	$145K	$12K	3x	as long as short
BingX ARB-USDC	+0.0089%	8h	0.2214	+0.200%	—	$6.5M	—	as long as short
Bitget ARBUSDT	+0.0090%	8h	0.2216	+0.295%	$20.7M	$38.2M	50x	as long as short
BloFin ARB-USDT	+0.0094%	8h	0.2216	+0.281%	$3.0M	$3.3M	75x	as long as short
Lighter ARBshort	+0.0096%	1h	0.2217	+0.326%	$1.3M	$7.8M	15x
Hyperliquid ARB	+0.0100%	1h	0.2217	+0.354%	$39.5M	$52.6M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2215	+0.251%	$688K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2217	+0.326%	$45K	$200K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2217	+0.322%	$20.4M	$16.9M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2212	+0.132%	$36K	$460K	20x	as long as short
GRVT ARB_USDT_Perplong	+0.0100%	8h	0.2209	long leg	$469K	$4.0M	10x
ApeX Omni ARBUSDT	+0.0100%	1h	0.2207	−0.113%	$119K	$297K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2217	+0.340%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2215	+0.258%	$273K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2216	+0.295%	$5.2M	$13.7M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0153% / S −0.0018%	1h	0.2217	+0.349%	$840K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2219	+0.430%	$504K	$2.5M	50x	as long as short
Reya ARBRUSDPERP	+0.0291%	1h	0.2215	+0.239%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0542%	1h	0.2220	+0.471%	$1.1M	$2.7M	20x	as long as short
RISEx ARB/USDC	+0.0546%	1h	0.2217	+0.331%	$501K	$2.8M	10x	as long as short