Funding you earn now, next payment 00:00 UTC−0.0037%/8h= −4.1% APRpaid last 24h −0.007%
Price spread now: BingX against Lighter−0.154%7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$600.598% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.154% cheaper against Lighter than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ARB | 0.2266 | 0.0096 | pay 0.0012% / 1h | 7m 52s | $1.4M | $7.5M | 15x |
| Short | BingX ARB-USDC | 0.2263 | 0.0059 | get 0.0059% / 8h | 7m 52s | — | $6.5M | — |
Lighter ARB
BingX ARB-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$7.77
- Price spread: −0.154% → 0.000%
- −$15.45
- Slippage, 4 orders
- −$49.77
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$82.99
- Costs to cover
- 0.598%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; BingX: 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, 5 min ago | 1.98 bp | 8.7 bp −$9 | 22.2 bp −$222 | 115.7 bp −$11.6K | doesn't fit |
| Sell BingX live order book, 3 min ago | 4.64 bp | 22.1 bp −$22 | 38.8 bp −$388 | 108.4 bp −$10.8K | 623.3 bp −$311.6K |
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 | −0.1785% | 1h | 0.2256 | −0.441% | $41K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0242% | 1h | 0.2264 | −0.106% | $66K | $2.0M | 10x | as long as short |
| 01 Exchange ARBUSD | −0.0208% | 1h | 0.2262 | −0.177% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0192% | 8h | 0.2264 | −0.109% | $2.0M | $2.8M | — | as long as short |
| SoDEX ARB-USD | −0.0179% | 1h | 0.2264 | −0.088% | $4K | $2.6M | 5x | as long as short |
| Bybit ARBUSDT | −0.0178% | 8h | 0.2263 | −0.124% | $58.3M | $128.1M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0113% | 8h | 0.2264 | −0.093% | $22.8M | $159.3M | 50x | as long as short |
| MEXC ARB_USDT | −0.0112% | 8h | 0.2264 | −0.088% | $38.5M | $60.1M | 200x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0103% | 1h | 0.2265 | −0.066% | $25K | $34K | 25x | as long as short |
| Orderly PERP_ARB_USDC | −0.0041% | 8h | 0.2264 | −0.088% | $13K | $394K | 10x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
01 Exchange ARBUSD
Variational Omni ARB
SoDEX ARB-USD
Bybit ARBUSDT
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Deribit ARB_USDC-PERPETUAL
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ARB_USDT | −0.0013% | 8h | 0.2265 | −0.040% | $5.4M | $20.3M | 60x | as long as short |
| Binance ARBUSDT | 0.0000% | 8h | 0.2265 | −0.059% | $66.7M | $313.4M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2264 | −0.105% | $67K | $4K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2263 | −0.122% | $361K | $2.3M | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2266 | −0.017% | $56K | — | 150x | as long as short |
| BloFin ARB-USDT | +0.0011% | 8h | 0.2262 | −0.177% | $3.1M | $2.8M | 75x | as long as short |
| Bitget ARBUSDT | +0.0053% | 8h | 0.2264 | −0.088% | $21.4M | $35.9M | 50x | as long as short |
| BingX ARB-USDCshort | +0.0059% | 8h | 0.2263 | −0.154% | — | $6.5M | — | |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2265 | −0.055% | $148K | $12K | 3x | as long as short |
| Lighter ARBlong | +0.0096% | 1h | 0.2266 | long leg | $1.4M | $7.5M | 15x | |
| Hyperliquid ARB | +0.0100% | 1h | 0.2267 | +0.053% | $41.0M | $47.6M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2266 | −0.016% | $707K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2265 | −0.065% | $47K | $183K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2265 | −0.066% | $19.7M | $16.1M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2268 | +0.107% | $40K | $460K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2266 | 0.000% | $486K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2268 | +0.088% | $122K | $295K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2267 | +0.044% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2265 | −0.053% | $291K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2263 | −0.132% | $5.2M | $13.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0216% | 1h | 0.2268 | +0.088% | $512K | $2.3M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0236% | 1h | 0.2266 | +0.012% | $1.1M | $4.9M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2263 | −0.124% | $2K | $695 | 20x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0297% / S −0.0186% | 1h | 0.2265 | −0.030% | $926K | — | 150x | as long as short |
| RISEx ARB/USDC | +0.0330% | 1h | 0.2265 | −0.028% | $515K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0462% | 1h | 0.2268 | +0.093% | $1.0M | $2.8M | 20x | as long as short |
Gate ARB_USDT
Binance ARBUSDT
dYdX ARB-USD
Extended ARB-USD
gTrade (Gains Network) ARB/USD
BloFin ARB-USDT
Bitget ARBUSDT
Aevo ARB-PERP
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
Kraken Futures PF_ARBUSD
Reya ARBRUSDPERP
GMX ARB/USD [ARB-USDC]
RISEx ARB/USDC
Backpack ARB_USDC_PERP