Funding you earn now, next payment 22:00 UTC−0.0088%/8h= −9.7% APRpaid last 24h −0.020%
Price spread now: Binance against Lighter−0.050%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$420.419% of the position
Funding, last 7 days−0.092%−$9 on $10k
+Price spread, last 7 days+0.049%+$5 · spread now −0.050%, 7d avg −0.016%
=Together, before fees−0.044%+ Points / potential airdropLighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.034% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.016%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ARB | 0.2236 | 0.0096 | pay 0.0012% / 1h | 37m 21s | $1.3M | $7.7M | 15x |
| Short | Binance ARBUSDT | 0.2235 | 0.0008 | get 0.0008% / 8h | 2h 37m | $63.6M | $326.3M | 75x |
Lighter ARB
Binance ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$18.55
- Price spread: −0.050% → −0.016%
- −$3.39
- Slippage, 4 orders
- −$31.92
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$63.86
- Costs to cover
- 0.419%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; Binance: 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 Lighter live order book, 6 min ago | 2.02 bp | 14.3 bp −$14 | 28.6 bp −$286 | 101.1 bp −$10.1K | doesn't fit |
| Sell Binance live order book, 6 min ago | 0.22 bp | 8.0 bp −$8 | 21.2 bp −$212 | 74.9 bp −$7,489 | 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 | 0.2227 | −0.407% | $40K | $107K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0320% | 1h | 0.2237 | +0.036% | $7K | $2K | 10x | as long as short |
| Bybit ARBUSDT | −0.0210% | 8h | 0.2234 | −0.085% | $56.6M | $136.3M | 50x | as long as short |
| Variational Omni ARB | −0.0184% | 8h | 0.2232 | −0.176% | $1.9M | $2.8M | — | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0152% | 1h | 0.2235 | −0.027% | $37K | $18K | 25x | as long as short |
| OKX ARB-USDT-SWAP | −0.0074% | 8h | 0.2233 | −0.116% | $22.2M | $165.7M | 50x | as long as short |
| MEXC ARB_USDT | −0.0071% | 8h | 0.2234 | −0.103% | $37.5M | $63.4M | 200x | as long as short |
| SoDEX ARB-USD | −0.0065% | 1h | 0.2234 | −0.103% | $4K | $2.9M | 5x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0053% | 1h | 0.2234 | −0.082% | $1.1M | $5.3M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0012% | 8h | 0.2235 | −0.049% | $10K | $387K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Bybit ARBUSDT
Variational Omni ARB
Deribit ARB_USDC-PERPETUAL
OKX ARB-USDT-SWAP
MEXC ARB_USDT
SoDEX ARB-USD
Kraken Futures PF_ARBUSD
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2236 | +0.004% | $66K | $4K | 10x | as long as short |
| Polymarket Perps ARB-USD | +0.0001% | 1h | 0.2236 | 0.000% | $77K | $2.3M | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2236 | −0.006% | $55K | — | 150x | as long as short |
| Binance ARBUSDTshort | +0.0008% | 8h | 0.2235 | −0.050% | $63.6M | $326.3M | 75x | |
| Extended ARB-USD | +0.0008% | 1h | 0.2234 | −0.104% | $355K | $2.5M | 25x | as long as short |
| Gate ARB_USDT | +0.0016% | 8h | 0.2235 | −0.067% | $5.5M | $21.5M | 60x | as long as short |
| BloFin ARB-USDT | +0.0030% | 8h | 0.2235 | −0.072% | $3.0M | $3.3M | 75x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2236 | −0.004% | $146K | $12K | 3x | as long as short |
| Bitget ARBUSDT | +0.0084% | 8h | 0.2236 | −0.004% | $21.0M | $38.8M | 50x | as long as short |
| BingX ARB-USDT | +0.0084% | 8h | 0.2235 | −0.072% | — | $54.0M | — | as long as short |
| Lighter ARBlong | +0.0096% | 1h | 0.2236 | long leg | $1.3M | $7.7M | 15x | |
| ApeX Omni ARBUSDT | +0.0097% | 1h | 0.2230 | −0.273% | $121K | $297K | 50x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2237 | +0.054% | $40.1M | $53.1M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2237 | +0.027% | $696K | $1.8M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2236 | +0.009% | $46K | $205K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2237 | +0.031% | $20.7M | $17.1M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2233 | −0.153% | $38K | $449K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2231 | −0.240% | $478K | $4.1M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2238 | +0.085% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2234 | −0.085% | $275K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2236 | −0.004% | $5.4M | $13.8M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0168% | 1h | 0.2235 | −0.036% | $820K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2239 | +0.130% | $507K | $2.5M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2234 | −0.098% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0542% | 1h | 0.2238 | +0.080% | $1.1M | $2.8M | 20x | as long as short |
| RISEx ARB/USDC | +0.0546% | 1h | 0.2239 | +0.117% | $492K | $2.9M | 10x | as long as short |
dYdX ARB-USD
Polymarket Perps ARB-USD
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Gate ARB_USDT
BloFin ARB-USDT
Aevo ARB-PERP
Bitget ARBUSDT
BingX ARB-USDT
ApeX Omni ARBUSDT
Hyperliquid ARB
Aster ARBUSDT
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