Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.007%
Price spread now: Aster against Lighter+0.020%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$460.456% of the position
Funding, last 7 days+0.043%+$4 on $10k
+Price spread, last 7 days−0.126%−$13 · spread now +0.020%, 7d avg −0.008%
=Together, before fees−0.083%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board−$8 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: Aster is 0.028% dearer against Lighter than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ARB | 0.2234 | 0.0096 | pay 0.0012% / 1h | 40m 16s | $1.3M | $7.7M | 15x |
| Short | Aster ARBUSDT | 0.2234 | 0.0100 | get 0.0100% / 8h | 2h 40m | $695K | $1.8M | 20x |
Lighter ARB
Aster ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Lighter. 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
- $0.84
- Price spread: +0.020% → −0.008%
- $2.84
- Slippage, 4 orders
- −$37.59
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$41.91
- Costs to cover
- 0.456%
- Break-even
- 356.3 days
Slippage from Lighter: live order book, 3 min ago; Aster: 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 Lighter live order book, 3 min ago | 2.02 bp | 14.3 bp −$14 | 28.6 bp −$286 | 101.1 bp −$10.1K | doesn't fit |
| Sell Aster live order book, 3 min ago | 2.25 bp | 6.6 bp −$7 | 22.1 bp −$221 | doesn't fit | 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 | 0.2219 | −0.671% | $40K | $107K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0344% | 1h | 0.2232 | −0.076% | $7K | $2K | 10x | as long as short |
| Bybit ARBUSDT | −0.0223% | 8h | 0.2233 | −0.058% | $57.0M | $135.9M | 50x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0198% | 1h | 0.2233 | −0.027% | $37K | $18K | 25x | as long as short |
| Variational Omni ARB | −0.0184% | 8h | 0.2232 | −0.082% | $1.9M | $2.8M | — | as long as short |
| OKX ARB-USDT-SWAP | −0.0067% | 8h | 0.2233 | −0.054% | $22.2M | $165.6M | 50x | as long as short |
| MEXC ARB_USDT | −0.0066% | 8h | 0.2233 | −0.058% | $37.7M | $63.3M | 200x | as long as short |
| SoDEX ARB-USD | −0.0057% | 1h | 0.2232 | −0.076% | $4K | $2.9M | 5x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0053% | 1h | 0.2234 | +0.008% | $1.1M | $5.3M | 50x | as long as short |
| ApeX Omni ARBUSDT | −0.0011% | 1h | 0.2222 | −0.537% | $120K | $297K | 50x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Bybit ARBUSDT
Deribit ARB_USDC-PERPETUAL
Variational Omni ARB
OKX ARB-USDT-SWAP
MEXC ARB_USDT
SoDEX ARB-USD
Kraken Futures PF_ARBUSD
ApeX Omni ARBUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ARB_USDC | −0.0010% | 8h | 0.2233 | −0.045% | $11K | $386K | 10x | as long as short |
| Polymarket Perps ARB-USD | −0.0002% | 1h | 0.2234 | −0.018% | $77K | $2.3M | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2236 | +0.075% | $66K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2235 | +0.035% | $55K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0005% | 8h | 0.2233 | −0.045% | $63.6M | $326.2M | 75x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2232 | −0.111% | $355K | $2.5M | 25x | as long as short |
| Gate ARB_USDT | +0.0019% | 8h | 0.2234 | −0.009% | $5.5M | $21.5M | 60x | as long as short |
| BloFin ARB-USDT | +0.0022% | 8h | 0.2233 | −0.022% | $3.0M | $3.3M | 75x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2234 | 0.000% | $146K | $12K | 3x | as long as short |
| BingX ARB-USDC | +0.0083% | 8h | 0.2233 | −0.022% | — | $6.5M | — | as long as short |
| Bitget ARBUSDT | +0.0084% | 8h | 0.2233 | −0.045% | $21.0M | $38.9M | 50x | as long as short |
| Lighter ARBlong | +0.0096% | 1h | 0.2234 | long leg | $1.3M | $7.7M | 15x | |
| Hyperliquid ARB | +0.0100% | 1h | 0.2237 | +0.130% | $40.1M | $53.3M | 10x | as long as short |
| Aster ARBUSDTshort | +0.0100% | 8h | 0.2234 | +0.020% | $695K | $1.8M | 20x | |
| Pacifica ARB | +0.0100% | 1h | 0.2236 | +0.073% | $46K | $207K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2235 | +0.027% | $20.7M | $17.1M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2221 | −0.561% | $38K | $451K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2222 | −0.519% | $477K | $4.2M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2235 | +0.045% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2234 | −0.009% | $275K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2232 | −0.090% | $5.4M | $13.8M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0168% | 1h | 0.2235 | +0.025% | $819K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2235 | +0.045% | $507K | $2.5M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2232 | −0.069% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0529% | 1h | 0.2237 | +0.130% | $1.1M | $2.8M | 20x | as long as short |
| RISEx ARB/USDC | +0.0546% | 1h | 0.2235 | +0.040% | $490K | $2.9M | 10x | as long as short |
Orderly PERP_ARB_USDC
Polymarket Perps ARB-USD
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
Gate ARB_USDT
BloFin ARB-USDT
Aevo ARB-PERP
BingX ARB-USDC
Bitget ARBUSDT
Hyperliquid ARB
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP
RISEx ARB/USDC