Funding you earn now, next payment 22:00 UTC−0.0310%/8h= −34.0% APRpaid last 24h −0.008%
Price spread now: Bybit against Lighter−0.134%7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$460.460% of the position
Funding, last 7 days−0.061%−$6 on $10k
+Price spread, last 7 days+0.113%+$11 · spread now −0.134%, 7d avg −0.048%
=Together, before fees+0.052%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bybit is 0.086% cheaper against Lighter than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.048%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.061% in total (about -3.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ARB | 0.2237 | 0.0096 | pay 0.0012% / 1h | 38m 31s | $1.3M | $7.7M | 15x |
| Short | Bybit ARBUSDT | 0.2234 | −0.0214 | pay 0.0214% / 8h | 2h 38m | $56.6M | $136.3M | 50x |
Lighter ARB
Bybit ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$65.17
- Price spread: −0.134% → −0.048%
- −$8.58
- Slippage, 4 orders
- −$34.98
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$119.73
- Costs to cover
- 0.460%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; Bybit: 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, 5 min ago | 2.02 bp | 14.3 bp −$14 | 28.6 bp −$286 | 101.1 bp −$10.1K | doesn't fit |
| Sell Bybit live order book, 6 min ago | 0.22 bp | 10.2 bp −$10 | 23.2 bp −$232 | 52.8 bp −$5,276 | 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 | −0.822% | $40K | $107K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0328% | 1h | 0.2234 | −0.156% | $7K | $2K | 10x | as long as short |
| Bybit ARBUSDTshort | −0.0214% | 8h | 0.2234 | −0.134% | $56.6M | $136.3M | 50x | |
| Deribit ARB_USDC-PERPETUAL | −0.0197% | 1h | 0.2235 | −0.094% | $37K | $18K | 25x | as long as short |
| Variational Omni ARB | −0.0184% | 8h | 0.2232 | −0.234% | $1.9M | $2.8M | — | as long as short |
| SoDEX ARB-USD | −0.0073% | 1h | 0.2234 | −0.161% | $4K | $2.9M | 5x | as long as short |
| OKX ARB-USDT-SWAP | −0.0072% | 8h | 0.2233 | −0.183% | $22.2M | $165.6M | 50x | as long as short |
| MEXC ARB_USDT | −0.0069% | 8h | 0.2235 | −0.107% | $37.6M | $63.3M | 200x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0053% | 1h | 0.2235 | −0.086% | $1.1M | $5.3M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0010% | 8h | 0.2234 | −0.152% | $10K | $386K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Deribit ARB_USDC-PERPETUAL
Variational Omni ARB
SoDEX ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
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 | 0.2238 | +0.017% | $66K | $4K | 10x | as long as short |
| Polymarket Perps ARB-USD | +0.0002% | 1h | 0.2234 | −0.152% | $77K | $2.3M | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2236 | −0.073% | $55K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0008% | 8h | 0.2235 | −0.091% | $63.6M | $326.3M | 75x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2236 | −0.059% | $355K | $2.5M | 25x | as long as short |
| Gate ARB_USDT | +0.0017% | 8h | 0.2237 | −0.036% | $5.5M | $21.5M | 60x | as long as short |
| BloFin ARB-USDT | +0.0030% | 8h | 0.2235 | −0.130% | $3.0M | $3.3M | 75x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2236 | −0.069% | $146K | $12K | 3x | as long as short |
| BingX ARB-USDT | +0.0083% | 8h | 0.2236 | −0.076% | — | $54.0M | — | as long as short |
| Bitget ARBUSDT | +0.0084% | 8h | 0.2237 | −0.018% | $21.0M | $38.8M | 50x | as long as short |
| Lighter ARBlong | +0.0096% | 1h | 0.2237 | long leg | $1.3M | $7.7M | 15x | |
| ApeX Omni ARBUSDT | +0.0097% | 1h | 0.2230 | −0.331% | $121K | $297K | 50x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2239 | +0.076% | $40.1M | $53.1M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2236 | −0.056% | $696K | $1.8M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2238 | +0.016% | $46K | $205K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2238 | +0.013% | $20.7M | $17.1M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2231 | −0.287% | $38K | $448K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2231 | −0.298% | $478K | $4.1M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2232 | −0.241% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2234 | −0.170% | $275K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2234 | −0.152% | $5.4M | $13.8M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0168% | 1h | 0.2236 | −0.075% | $820K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2235 | −0.107% | $507K | $2.5M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2233 | −0.179% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0531% | 1h | 0.2239 | +0.076% | $1.1M | $2.8M | 20x | as long as short |
| RISEx ARB/USDC | +0.0546% | 1h | 0.2237 | −0.038% | $491K | $2.9M | 10x | as long as short |
dYdX ARB-USD
Polymarket Perps ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
Gate ARB_USDT
BloFin ARB-USDT
Aevo ARB-PERP
BingX ARB-USDT
Bitget ARBUSDT
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