Funding you earn now, next payment 08:00 UTC−0.0121%/8h= −13.2% APRnext payment −$0.15 per $10,000 · paid last 24h −0.057%
Price spread now: Deribit against Lighter−0.032%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+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 −$4 a day on $10k at the current rate, and Deribit is 0.032% cheaper against Lighter than usual: you would sell low and buy high (−$3 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 | 0.2183 | 0.0096 | pay 0.0012% / 1h | 1m 31s | $1.3M | $5.5M | 15x |
| Short | Deribit ARB_USDC-PERPETUAL | 0.2182 | −0.0025 | pay 0.0003% / 1h | 1m 31s | $28K | $38K | 25x |
Lighter ARB
Deribit ARB_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$25.41
- Price spread: −0.032% → 0.000%
- −$3.21
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$35.62
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 7 min ago; Deribit: no order-book sample. Net counts fees only.
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 | 2.06 bp | 9.4 bp −$9 | 35.0 bp −$350 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.1612% | 1h | 0.2176 | −0.321% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0192% | 1h | 0.2184 | +0.050% | $7K | $236 | 10x | as long as short |
| MEXC ARB_USDT | −0.0071% | 8h | 0.2188 | +0.229% | $41.9M | $62.9M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0069% | 8h | 0.2188 | +0.238% | $22.0M | $145.0M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0041% | 8h | 0.2183 | 0.000% | $16K | $410K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUALshort | −0.0025% | 1h | 0.2182 | −0.032% | $28K | $38K | 25x | |
| SoDEX ARB-USD | −0.0014% | 1h | 0.2182 | −0.050% | $9K | $2.2M | 5x | as long as short |
| Binance ARBUSDT | 0.0000% | 8h | 0.2185 | +0.111% | $63.0M | $298.9M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2184 | +0.062% | $65K | $4K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2183 | +0.022% | $350K | $3.1M | 25x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Orderly PERP_ARB_USDC
SoDEX ARB-USD
Binance ARBUSDT
dYdX ARB-USD
Extended ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2188 | +0.211% | $72K | — | 150x | as long as short |
| Polymarket Perps ARB-USD | +0.0016% | 1h | 0.2189 | +0.275% | $73K | $2.1M | 10x | as long as short |
| Gate ARB_USDT | +0.0020% | 8h | 0.2184 | +0.027% | $5.4M | $18.5M | 60x | as long as short |
| Variational Omni ARB | +0.0025% | 8h | 0.2184 | +0.039% | $1.8M | $3.0M | — | as long as short |
| Bybit ARBUSDT | +0.0027% | 8h | 0.2185 | +0.101% | $53.2M | $125.8M | 50x | as long as short |
| RISEx ARB/USDC | +0.0069% | 1h | 0.2185 | +0.107% | $510K | $2.7M | 10x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2183 | −0.018% | $138K | $7K | 3x | as long as short |
| BingX ARB-USDT | +0.0087% | 8h | 0.2184 | +0.027% | — | $32.9M | — | as long as short |
| Bitget ARBUSDT | +0.0088% | 8h | 0.2188 | +0.229% | $21.1M | $34.6M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0093% | 1h | 0.2183 | +0.006% | $1.1M | $4.3M | 50x | as long as short |
| Lighter ARBlong | +0.0096% | 1h | 0.2183 | long leg | $1.3M | $5.5M | 15x | |
| BloFin ARB-USDT | +0.0098% | 8h | 0.2184 | +0.060% | $3.0M | $2.3M | 75x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2188 | +0.247% | $36.6M | $49.7M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2185 | +0.095% | $625K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2185 | +0.082% | $43K | $146K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2189 | +0.257% | $19.4M | $13.9M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2181 | −0.090% | $39K | $466K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2181 | −0.106% | $463K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2184 | +0.046% | $118K | $268K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2184 | +0.046% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2182 | −0.055% | $292K | $839K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2183 | 0.000% | $4.8M | $12.8M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0159% | 1h | 0.2183 | −0.011% | $825K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0288% | 1h | 0.2186 | +0.153% | $2K | $695 | 20x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0336% | 1h | 0.2187 | +0.183% | $513K | $1.5M | 50x | as long as short |
| Backpack ARB_USDC_PERP | +0.0412% | 1h | 0.2184 | +0.064% | $977K | $2.8M | 20x | as long as short |
gTrade (Gains Network) ARB/USD
Polymarket Perps ARB-USD
Gate ARB_USDT
Variational Omni ARB
Bybit ARBUSDT
RISEx ARB/USDC
Aevo ARB-PERP
BingX ARB-USDT
Bitget ARBUSDT
Kraken Futures PF_ARBUSD
BloFin ARB-USDT
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
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Coinbase International ARB-PERP-INTX
Backpack ARB_USDC_PERP