Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.007%

Price spread now: Lighter against KuCoin+0.023%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$630.627% of the position

Long on KuCoin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 7 days+0.016%+$2 · spread now +0.023%, 7d avg +0.002%

Together, before fees−0.025%+ Points / potential airdropLighter: Season 3 · farm board−$2 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 0.021% dearer against KuCoin than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ARBUSDTM	0.2168	0.0100	pay 0.0100% / 8h	5h 29m	$18.8M	$13.2M	75x
Short	Lighter ARB	0.2169	0.0096	get 0.0012% / 1h	29m 05s	$1.3M	$5.3M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against KuCoin. 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 KuCoinbpFee LighterbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$0.84
Price spread: +0.023% → +0.002%: $2.08
Slippage, 4 orders: −$50.74
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$61.5
Costs to cover: 0.627%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Lighter: live order book, 12 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 KuCoin live order book, 3 min ago	1.38 bp	18.4 bp −$18	52.1 bp −$521	doesn't fit	doesn't fit
Sell Lighter live order book, 12 min ago	1.37 bp	9.2 bp −$9	26.5 bp −$265	117.8 bp −$11.8K	doesn't fit

ARB on 36 exchanges

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	−0.1736%	1h	0.2160	−0.392%	$39K	$372K	12x	as long as short
Bybit ARBUSDT	−0.0236%	8h	0.2167	−0.065%	$53.5M	$120.8M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0232%	1h	0.2168	−0.024%	$1.1M	$3.9M	50x	as long as short
01 Exchange ARBUSD	−0.0176%	1h	0.2168	−0.037%	$7K	$414	10x	as long as short
OKX ARB-USDT-SWAP	−0.0155%	8h	0.2167	−0.069%	$22.6M	$139.5M	50x	as long as short
MEXC ARB_USDT	−0.0154%	8h	0.2167	−0.088%	$44.4M	$61.6M	200x	as long as short
SoDEX ARB-USD	−0.0150%	1h	0.2168	−0.037%	$9K	$2.2M	5x	as long as short
Polymarket Perps ARB-USD	−0.0145%	1h	0.2167	−0.060%	$70K	$1.9M	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0073%	1h	0.2169	+0.014%	$29K	$36K	25x	as long as short
Variational Omni ARB	−0.0061%	8h	0.2167	−0.063%	$1.8M	$2.6M	—	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDT	−0.0050%	8h	0.2168	−0.030%	$63.8M	$286.0M	75x	as long as short
Extended ARB-USD	−0.0048%	1h	0.2167	−0.087%	$360K	$3.0M	25x	as long as short
Orderly PERP_ARB_USDC	−0.0015%	8h	0.2168	−0.023%	$16K	$401K	10x	as long as short
Gate ARB_USDT	−0.0003%	8h	0.2167	−0.060%	$5.5M	$16.5M	60x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2169	+0.044%	$63K	$3K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2170	+0.089%	$72K	—	150x	as long as short
Phemex ARBUSDT	+0.0062%	8h	0.2168	−0.023%	$4.6M	$12.5M	50x	as long as short
BloFin ARB-USDT	+0.0070%	8h	0.2167	−0.069%	$3.0M	$2.0M	75x	as long as short
Aevo ARB-PERP	+0.0072%	1h	0.2169	+0.013%	$138K	$7K	3x	as long as short
Lighter ARBshort	+0.0096%	1h	0.2169	+0.023%	$1.3M	$5.3M	15x
Hyperliquid ARB	+0.0100%	1h	0.2169	+0.018%	$35.4M	$49.2M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2170	+0.068%	$620K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2169	+0.007%	$54K	$155K	10x	as long as short
KuCoin ARBUSDTMlong	+0.0100%	8h	0.2168	long leg	$18.8M	$13.2M	75x
Bitget ARBUSDT	+0.0100%	8h	0.2168	−0.023%	$20.8M	$33.1M	50x	as long as short
BingX ARB-USDC	+0.0100%	8h	0.2167	−0.092%	—	$6.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2168	−0.025%	$39K	$467K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2168	−0.014%	$461K	$3.3M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2168	−0.023%	$117K	$309K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2170	+0.069%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2169	+0.028%	$293K	$794K	50x	as long as short
Backpack ARB_USDC_PERP	+0.0153%	1h	0.2170	+0.074%	$967K	$2.7M	20x	as long as short
RISEx ARB/USDC	+0.0271%	1h	0.2170	+0.081%	$542K	$2.4M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0283% / S −0.0167%	1h	0.2169	+0.027%	$841K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2167	−0.050%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0424%	1h	0.2171	+0.115%	$517K	$1.4M	50x	as long as short