Funding you earn now, next payment 02:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.027%
Price spread now: Extended against Lighter−0.050%7-day average −0.115% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$580.576% of the position
Funding, last 7 days−0.095%−$10 on $10k
+Price spread, last 7 days−0.041%−$4 · spread now −0.050%, 7d avg −0.115%
=Together, before fees−0.137%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$14 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.065% dearer against Lighter than usual: you sell high and buy low (spread −0.050% now, against its 7-day average of −0.115%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.3 days. At the pace of the last 7 days (−0.095% in total) that is about 4.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ARB | 0.2212 | 0.0096 | pay 0.0012% / 1h | 29m 39s | $1.2M | $7.4M | 15x |
| Short | Extended ARB-USD | 0.2210 | 0 | get 0.0000% / 1h | 29m 39s | $353K | $2.5M | 25x |
Lighter ARB
Extended ARB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$20.16
- Price spread: −0.050% → −0.115%
- $6.52
- Slippage, 4 orders
- −$52.6
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$71.25
- Costs to cover
- 0.576%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; Extended: live order book, 4 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, 4 min ago | 2.48 bp | 12.0 bp −$12 | 23.6 bp −$236 | 110.8 bp −$11.1K | doesn't fit |
| Sell Extended live order book, 4 min ago | 15.77 bp | 18.3 bp −$18 | 78.3 bp −$783 | doesn't fit | doesn't fit |
ARB on 35 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 | −0.1692% | 1h | 0.2208 | −0.163% | $40K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0240% | 1h | 0.2211 | −0.014% | $7K | $2K | 10x | as long as short |
| SoDEX ARB-USD | −0.0209% | 1h | 0.2213 | +0.041% | $10K | $2.5M | 5x | as long as short |
| Variational Omni ARB | −0.0172% | 8h | 0.2211 | −0.031% | $1.9M | $2.9M | — | as long as short |
| OKX ARB-USDT-SWAP | −0.0114% | 8h | 0.2211 | −0.014% | $22.3M | $156.8M | 50x | as long as short |
| MEXC ARB_USDT | −0.0113% | 8h | 0.2212 | +0.036% | $40.1M | $59.6M | 200x | as long as short |
| ApeX Omni ARBUSDT | −0.0110% | 1h | 0.2214 | +0.109% | $119K | $293K | 50x | as long as short |
| Bybit ARBUSDT | −0.0068% | 8h | 0.2211 | −0.014% | $56.7M | $129.0M | 50x | as long as short |
| Gate ARB_USDT | −0.0065% | 8h | 0.2212 | +0.027% | $5.4M | $19.8M | 60x | as long as short |
| Orderly PERP_ARB_USDC | −0.0059% | 8h | 0.2212 | +0.018% | $12K | $381K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
SoDEX ARB-USD
Variational Omni ARB
OKX ARB-USDT-SWAP
MEXC ARB_USDT
ApeX Omni ARBUSDT
Bybit ARBUSDT
Gate ARB_USDT
Orderly PERP_ARB_USDCShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDT | −0.0001% | 8h | 0.2213 | +0.068% | $64.5M | $318.1M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2213 | +0.056% | $65K | $5K | 10x | as long as short |
| Extended ARB-USDshort | 0.0000% | 1h | 0.2210 | −0.050% | $353K | $2.5M | 25x | |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2213 | +0.068% | $24K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0011% | 1h | 0.2213 | +0.070% | $10K | — | 150x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2213 | +0.063% | $140K | $7K | 3x | as long as short |
| Lighter ARBlong | +0.0096% | 1h | 0.2212 | long leg | $1.2M | $7.4M | 15x | |
| Hyperliquid ARB | +0.0100% | 1h | 0.2213 | +0.063% | $38.2M | $51.3M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2212 | +0.023% | $659K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2214 | +0.101% | $42K | $186K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2212 | +0.032% | $19.6M | $15.8M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2211 | −0.027% | $21.2M | $36.3M | 50x | as long as short |
| BingX ARB-USDT | +0.0100% | 8h | 0.2212 | +0.009% | — | $54.6M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2212 | −0.001% | $40K | $464K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2219 | +0.329% | $480K | $3.7M | 10x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2213 | +0.050% | $76K | $2.1M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2213 | +0.063% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2212 | +0.023% | $297K | $1.0M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2213 | +0.063% | $5.0M | $13.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0240% | 1h | 0.2215 | +0.154% | $507K | $2.1M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2214 | +0.097% | $826K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2211 | −0.008% | $2K | $695 | 20x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0312% | 1h | 0.2214 | +0.090% | $1.1M | $4.7M | 50x | as long as short |
| RISEx ARB/USDC | +0.0466% | 1h | 0.2214 | +0.104% | $471K | $2.6M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0523% | 1h | 0.2216 | +0.199% | $998K | $2.9M | 20x | as long as short |
Binance ARBUSDT
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Aevo ARB-PERP
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDT
edgeX ARBUSDC
GRVT ARB_USDT_Perp
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Kraken Futures PF_ARBUSD
RISEx ARB/USDC
Backpack ARB_USDC_PERP