ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1788%/8h= +195.8% APRnext payment +$2.23 per $10,000 · paid last 24h +0.522%

Price spread now: Lighter against Injective+0.434%7-day average +0.448% · you sell dearer than you buy

Net, funding: paid 7d − costs+$241as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$1161.158% of the position

Long on Injective Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+3.566%+$357 on $10k

Price spread, last 3 days (all we have)−0.475%−$47 · spread now +0.434%, 7d avg +0.448%

Together, before fees+3.091%+ Points / potential airdropLighter: Season 3 · farm board+$309 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.448%, so right now this pair is about funding alone: +$54 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ARB/USDC PERP	0.2211	−0.1692	get 0.0211% / 1h	5m 22s	$40K	$372K	12x
Short	Lighter ARB	0.2221	0.0096	get 0.0012% / 1h	5m 22s	$1.2M	$7.4M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Injective. 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 InjectivebpFee LighterbpOrdersPrice spread, now +0.434%Rate

Funding earned: $375.44
Price spread: +0.434% → +0.448%: −$1.36
Slippage, 4 orders: −$115.74
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Lighter: 0 bp × 2 orders: $0
Net: $258.32
Costs to cover: 1.158%
Break-even: 2.2 days

Slippage from Injective: live order book, 64 min ago; Lighter: live order book, 3 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 Injective live order book, 64 min ago	50.63 bp	50.6 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	2.93 bp	3.8 bp −$4	26.3 bp −$263	128.9 bp −$12.9K	doesn't fit

ARB on 35 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 PERPlong	−0.1692%	1h	0.2211	long leg	$40K	$372K	12x
SoDEX ARB-USD	−0.0218%	1h	0.2221	+0.448%	$10K	$2.5M	5x	as long as short
01 Exchange ARBUSD	−0.0216%	1h	0.2220	+0.384%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0156%	8h	0.2220	+0.392%	$1.9M	$2.9M	—	as long as short
OKX ARB-USDT-SWAP	−0.0130%	8h	0.2219	+0.357%	$22.4M	$155.4M	50x	as long as short
MEXC ARB_USDT	−0.0129%	8h	0.2219	+0.380%	$38.9M	$60.3M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0069%	8h	0.2220	+0.407%	$13K	$383K	10x	as long as short
Gate ARB_USDT	−0.0049%	8h	0.2220	+0.416%	$5.4M	$20.0M	60x	as long as short
Bybit ARBUSDT	−0.0042%	8h	0.2219	+0.380%	$56.6M	$128.2M	50x	as long as short
Binance ARBUSDT	−0.0002%	8h	0.2220	+0.408%	$64.6M	$315.6M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2221	+0.446%	$66K	$5K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2219	+0.372%	$352K	$2.5M	25x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2221	+0.466%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0011%	1h	0.2221	+0.465%	$10K	—	150x	as long as short
Phemex ARBUSDT	+0.0067%	8h	0.2220	+0.407%	$5.0M	$12.9M	50x	as long as short
ApeX Omni ARBUSDT	+0.0076%	1h	0.2220	+0.407%	$120K	$285K	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2222	+0.502%	$141K	$7K	3x	as long as short
Lighter ARBshort	+0.0096%	1h	0.2221	+0.434%	$1.2M	$7.4M	15x
Hyperliquid ARB	+0.0100%	1h	0.2222	+0.484%	$38.7M	$51.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2220	+0.414%	$659K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2220	+0.394%	$42K	$183K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2221	+0.443%	$19.6M	$15.7M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2220	+0.407%	$21.3M	$36.1M	50x	as long as short
BingX ARB-USDC	+0.0100%	8h	0.2219	+0.375%	—	$6.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2218	+0.310%	$40K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2206	−0.220%	$479K	$3.7M	10x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2221	+0.443%	$98K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2222	+0.498%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2223	+0.525%	$298K	$991K	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0240%	1h	0.2225	+0.633%	$508K	$2.1M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2222	+0.486%	$829K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2220	+0.400%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0311%	1h	0.2222	+0.507%	$1.1M	$4.7M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2221	+0.435%	$479K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0540%	1h	0.2224	+0.574%	$1.0M	$2.8M	20x	as long as short