Funding you earn now, next payment 03:00 UTC+0.0128%/8h= +14.0% APRnext payment +$0.16 per $10,000 · paid last 24h +0.071%
Price spread now: Coinbase International against Lighter+0.182%7-day average +0.132% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$670.674% of the position
Funding, last 7 days+0.287%+$29 on $10k
+Price spread, last 4 days (all we have)+1.189%+$119 · spread now +0.182%, 7d avg +0.132%
=Together, before fees+1.476%+ Points / potential airdropLighter: Season 3 · farm board+$148 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.049% dearer against Lighter than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.132%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ARB | 0.2202 | 0.0096 | pay 0.0012% / 1h | 1m 16s | $1.2M | $5.8M | 15x |
| Short | Coinbase International ARB-PERP-INTX | 0.2206 | 0.0224 | get 0.0028% / 1h | 1m 16s | $491K | $1.8M | 50x |
Lighter ARB
Coinbase International ARB-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $26.88
- Price spread: +0.182% → +0.132%
- $4.93
- Slippage, 4 orders
- −$57.45
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$35.64
- Costs to cover
- 0.674%
- Break-even
- 16.3 days
Slippage from Lighter: live order book, 7 min ago; Coinbase International: live order book, 2 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, 7 min ago | 1.37 bp | 13.0 bp −$13 | 30.8 bp −$308 | 110.4 bp −$11.0K | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 6.81 bp | 16.6 bp −$17 | 29.6 bp −$296 | 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 | −0.1649% | 1h | 0.2189 | −0.595% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0168% | 1h | 0.2203 | +0.027% | $7K | $2K | 10x | as long as short |
| Polymarket Perps ARB-USD | −0.0151% | 1h | 0.2202 | −0.014% | $86K | $2.1M | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0114% | 8h | 0.2201 | −0.064% | $22.2M | $144.9M | 50x | as long as short |
| MEXC ARB_USDT | −0.0113% | 8h | 0.2202 | +0.005% | $41.6M | $60.9M | 200x | as long as short |
| Variational Omni ARB | −0.0096% | 8h | 0.2192 | −0.478% | $1.8M | $2.9M | — | as long as short |
| Orderly PERP_ARB_USDC | −0.0074% | 8h | 0.2202 | −0.005% | $13K | $401K | 10x | as long as short |
| Gate ARB_USDT | −0.0040% | 8h | 0.2202 | −0.023% | $5.3M | $18.9M | 60x | as long as short |
| Bybit ARBUSDT | −0.0036% | 8h | 0.2200 | −0.073% | $55.4M | $124.7M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0006% | 1h | 0.2202 | +0.009% | $1.1M | $4.4M | 50x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Polymarket Perps ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Variational Omni ARB
Orderly PERP_ARB_USDC
Gate ARB_USDT
Bybit ARBUSDT
Kraken Futures PF_ARBUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2202 | −0.010% | $65K | $5K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2202 | −0.005% | $24K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2202 | −0.025% | $32K | — | 150x | as long as short |
| Extended ARB-USD | +0.0016% | 1h | 0.2200 | −0.089% | $350K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0018% | 8h | 0.2203 | +0.044% | $64.1M | $301.4M | 75x | as long as short |
| SoDEX ARB-USD | +0.0031% | 1h | 0.2201 | −0.036% | $10K | $2.2M | 5x | as long as short |
| BingX ARB-USDT | +0.0061% | 8h | 0.2201 | −0.041% | — | $53.7M | — | as long as short |
| Bitget ARBUSDT | +0.0062% | 8h | 0.2201 | −0.050% | $20.9M | $34.2M | 50x | as long as short |
| BloFin ARB-USDT | +0.0071% | 8h | 0.2202 | +0.005% | $3.1M | $2.6M | 75x | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2202 | +0.008% | $140K | $7K | 3x | as long as short |
| Lighter ARBlong | +0.0096% | 1h | 0.2202 | long leg | $1.2M | $5.8M | 15x | |
| Hyperliquid ARB | +0.0100% | 1h | 0.2203 | +0.041% | $37.8M | $48.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2202 | −0.015% | $634K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2202 | −0.014% | $42K | $168K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2203 | +0.036% | $19.5M | $14.8M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2200 | −0.082% | $38K | $464K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2202 | −0.004% | $468K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2202 | −0.005% | $119K | $283K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2201 | −0.050% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2202 | −0.005% | $299K | $909K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2202 | −0.005% | $5.0M | $13.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTXshort | +0.0224% | 1h | 0.2206 | +0.182% | $491K | $1.8M | 50x | |
| RISEx ARB/USDC | +0.0225% | 1h | 0.2203 | +0.050% | $476K | $2.6M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2201 | −0.029% | $831K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2201 | −0.071% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0609% | 1h | 0.2203 | +0.054% | $992K | $2.8M | 20x | as long as short |
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Binance ARBUSDT
SoDEX ARB-USD
BingX ARB-USDT
Bitget ARBUSDT
BloFin ARB-USDT
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
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP