Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.027%

Price spread now: GRVT against Lighter+0.034%48s7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$760.762% of the position

Long on Lighter Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 7 days+0.025%+$2 · spread now +0.034%, 7d avg +0.031%

Together, before fees+0.047%+ Points / potential airdropLighter: Season 3 · GRVT: Active · farm board+$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ARB	0.2267	0.0096	pay 0.0012% / 1h	16m 21s	$1.4M	$7.3M	15x
Short	GRVT ARB_USDT_Perp	0.2268	0.0100	get 0.0100% / 8h	7h 16m	$483K	$3.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee GRVTbpOrdersPrice spread, now +0.034%Rate

Funding earned: $0.84
Price spread: +0.034% → +0.031%: $0.28
Slippage, 4 orders: −$67.22
Fee Lighter: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$75.11
Costs to cover: 0.762%
Break-even: 632.9 days

Slippage from Lighter: live order book, 7 min ago; GRVT: live order book, 3 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	4.18 bp	8.6 bp −$9	26.8 bp −$268	111.8 bp −$11.2K	doesn't fit
Sell GRVT live order book, 3 min ago	2.21 bp	36.0 bp −$36	83.6 bp −$836	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	−0.1666%	1h	0.2252	−0.675%	$41K	$372K	12x	as long as short
Variational Omni ARB	−0.0201%	8h	0.2267	−0.032%	$2.0M	$2.8M	—	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0192%	1h	0.2262	−0.238%	$25K	$34K	25x	as long as short
01 Exchange ARBUSD	−0.0152%	1h	0.2264	−0.159%	$7K	$2K	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0137%	1h	0.2265	−0.120%	$1.2M	$4.9M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0112%	8h	0.2263	−0.181%	$23.0M	$157.9M	50x	as long as short
MEXC ARB_USDT	−0.0110%	8h	0.2264	−0.159%	$38.8M	$59.3M	200x	as long as short
Bybit ARBUSDT	−0.0106%	8h	0.2262	−0.234%	$58.9M	$126.8M	50x	as long as short
SoDEX ARB-USD	−0.0074%	1h	0.2261	−0.256%	$4K	$2.5M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0048%	8h	0.2264	−0.146%	$12K	$386K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2266	−0.076%	$67K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2264	−0.135%	$33K	—	150x	as long as short
Binance ARBUSDT	+0.0014%	8h	0.2263	−0.177%	$66.8M	$310.5M	75x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2263	−0.168%	$364K	$2.5M	25x	as long as short
BloFin ARB-USDT	+0.0055%	8h	0.2262	−0.247%	$3.1M	$2.9M	75x	as long as short
BingX ARB-USDC	+0.0088%	8h	0.2261	−0.256%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2266	−0.079%	$144K	$7K	3x	as long as short
Bitget ARBUSDT	+0.0091%	8h	0.2264	−0.146%	$21.7M	$35.8M	50x	as long as short
Lighter ARBlong	+0.0096%	1h	0.2267	long leg	$1.4M	$7.3M	15x
Hyperliquid ARB	+0.0100%	1h	0.2266	−0.044%	$41.1M	$47.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2264	−0.138%	$704K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2266	−0.061%	$45K	$184K	10x	as long as short
Gate ARB_USDT	+0.0100%	8h	0.2265	−0.115%	$5.5M	$19.9M	60x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2264	−0.137%	$19.7M	$15.8M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2269	+0.080%	$41K	$462K	20x	as long as short
GRVT ARB_USDT_Perpshort	+0.0100%	8h	0.2268	+0.034%	$483K	$3.5M	10x
ApeX Omni ARBUSDT	+0.0100%	1h	0.2267	−0.013%	$122K	$295K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2264	−0.128%	$65K	$2.0M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2263	−0.190%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2261	−0.265%	$295K	$980K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2263	−0.190%	$5.2M	$12.9M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0232%	1h	0.2266	−0.057%	$521K	$2.3M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0288% / S −0.0175%	1h	0.2264	−0.153%	$896K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2263	−0.206%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0384%	1h	0.2266	−0.073%	$522K	$2.6M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0590%	1h	0.2267	−0.026%	$1.0M	$2.8M	20x	as long as short