Funding you earn now, next payment 02:00 UTC−0.0085%/8h= −9.3% APRnext payment −$0.11 per $10,000 · paid last 24h −0.035%
Price spread now: gTrade (Gains Network) against Lighter−0.220%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.220% cheaper against Lighter than usual: you would sell low and buy high (−$22 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 | 0.2218 | 0.0096 | pay 0.0012% / 1h | 25m 34s | $1.2M | $7.4M | 15x |
| Short | gTrade (Gains Network) ARB/USD | 0.2213 | L +0.0005% / S −0.0011% | get 0.0001% / 1h | 25m 34s | $10K | — | 150x |
Lighter ARB
gTrade (Gains Network) ARB/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$17.83
- Price spread: −0.220% → 0.000%
- −$22
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$49.83
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 8 min ago; gTrade (Gains Network): 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, 8 min ago | 2.48 bp | 12.0 bp −$12 | 23.6 bp −$236 | 110.8 bp −$11.1K | doesn't fit |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
gTrade (Gains Network): 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 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 | 0.2203 | −0.690% | $40K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0248% | 1h | 0.2220 | +0.063% | $7K | $2K | 10x | as long as short |
| SoDEX ARB-USD | −0.0222% | 1h | 0.2212 | −0.293% | $10K | $2.5M | 5x | as long as short |
| Variational Omni ARB | −0.0171% | 8h | 0.2211 | −0.316% | $1.9M | $2.9M | — | as long as short |
| OKX ARB-USDT-SWAP | −0.0119% | 8h | 0.2220 | +0.086% | $22.4M | $157.1M | 50x | as long as short |
| MEXC ARB_USDT | −0.0117% | 8h | 0.2220 | +0.072% | $39.6M | $60.1M | 200x | as long as short |
| Gate ARB_USDT | −0.0085% | 8h | 0.2221 | +0.126% | $5.4M | $19.8M | 60x | as long as short |
| Bybit ARBUSDT | −0.0071% | 8h | 0.2220 | +0.090% | $56.8M | $128.9M | 50x | as long as short |
| ApeX Omni ARBUSDT | −0.0069% | 1h | 0.2211 | −0.329% | $119K | $293K | 50x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0066% | 1h | 0.2213 | −0.248% | $24K | $34K | 25x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
SoDEX ARB-USD
Variational Omni ARB
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Gate ARB_USDT
Bybit ARBUSDT
ApeX Omni ARBUSDT
Deribit ARB_USDC-PERPETUALShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ARB_USDC | −0.0060% | 8h | 0.2212 | −0.284% | $13K | $382K | 10x | as long as short |
| Binance ARBUSDT | −0.0003% | 8h | 0.2221 | +0.133% | $64.8M | $317.7M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2219 | +0.024% | $66K | $5K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2220 | +0.087% | $353K | $2.5M | 25x | as long as short |
| gTrade (Gains Network) ARB/USDshort | L +0.0005% / S −0.0011% | 1h | 0.2213 | −0.220% | $10K | — | 150x | |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2213 | −0.232% | $140K | $7K | 3x | as long as short |
| Lighter ARBlong | +0.0096% | 1h | 0.2218 | long leg | $1.2M | $7.4M | 15x | |
| Hyperliquid ARB | +0.0100% | 1h | 0.2221 | +0.144% | $38.9M | $52.0M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2218 | −0.027% | $660K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2219 | +0.053% | $42K | $186K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2221 | +0.104% | $19.6M | $15.8M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2220 | +0.077% | $21.2M | $36.4M | 50x | as long as short |
| BingX ARB-USDC | +0.0100% | 8h | 0.2220 | +0.077% | — | $6.5M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2211 | −0.311% | $40K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2212 | −0.300% | $471K | $3.7M | 10x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2221 | +0.113% | $76K | $2.1M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2213 | −0.239% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2217 | −0.081% | $298K | $998K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2212 | −0.284% | $5.0M | $13.1M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0240% | 1h | 0.2215 | −0.149% | $507K | $2.1M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2213 | −0.218% | $826K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2219 | +0.051% | $2K | $695 | 20x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0312% | 1h | 0.2213 | −0.253% | $1.1M | $4.7M | 50x | as long as short |
| RISEx ARB/USDC | +0.0466% | 1h | 0.2222 | +0.158% | $479K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0518% | 1h | 0.2218 | +0.005% | $1.0M | $2.9M | 20x | as long as short |
Orderly PERP_ARB_USDC
Binance ARBUSDT
dYdX ARB-USD
Extended ARB-USD
Aevo ARB-PERP
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDC
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