Funding you earn now, next payment 22:00 UTC−0.1771%/8h= −193.9% APRnext payment −$2.21 per $10,000 · paid last 24h −0.527%
Price spread now: Injective against Lighter−0.706%7-day average −0.444% · you buy dearer than you sell
Net, funding: paid 7d − costs−$478as in the Funding arb table
Net, price: spread back to 7d avg − costs−$147as in the Price arb table
costs, in and out, $10k−$1211.207% of the position
Funding, last 7 days−3.573%−$357 on $10k
+Price spread, last 3 days (all we have)+1.650%+$165 · spread now −0.706%, 7d avg −0.444%
=Together, before fees−1.922%+ Points / potential airdropLighter: Season 3 · farm board−$192 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$53 a day on $10k at the current rate, and Injective is 0.262% cheaper against Lighter than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of −0.444%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ARB | 0.2239 | 0.0096 | pay 0.0012% / 1h | 34m 42s | $1.3M | $7.7M | 15x |
| Short | Injective ARB/USDC PERP | 0.2223 | −0.1675 | pay 0.0209% / 1h | 34m 42s | $40K | $197K | 12x |
Lighter ARB
Injective ARB/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$371.86
- Price spread: −0.706% → −0.444%
- −$26.18
- Slippage, 4 orders
- −$120.65
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$518.72
- Costs to cover
- 1.207%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; Injective: live order book, 54 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 | 1.79 bp | 2.8 bp −$3 | 14.1 bp −$141 | 99.8 bp −$9,977 | doesn't fit |
| Sell Injective live order book, 54 min ago | 51.10 bp | 51.1 bp −$51 | doesn't fit | 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 PERPshort | −0.1675% | 1h | 0.2223 | −0.706% | $40K | $197K | 12x | |
| 01 Exchange ARBUSD | −0.0304% | 1h | 0.2235 | −0.156% | $7K | $2K | 10x | as long as short |
| Bybit ARBUSDT | −0.0206% | 8h | 0.2236 | −0.116% | $56.6M | $136.3M | 50x | as long as short |
| Variational Omni ARB | −0.0178% | 8h | 0.2229 | −0.417% | $1.9M | $2.8M | — | as long as short |
| OKX ARB-USDT-SWAP | −0.0074% | 8h | 0.2235 | −0.152% | $22.2M | $165.5M | 50x | as long as short |
| MEXC ARB_USDT | −0.0074% | 8h | 0.2236 | −0.130% | $37.6M | $63.4M | 200x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0053% | 1h | 0.2239 | −0.007% | $1.1M | $5.3M | 50x | as long as short |
| SoDEX ARB-USD | −0.0045% | 1h | 0.2238 | −0.036% | $4K | $2.9M | 5x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0018% | 1h | 0.2239 | −0.009% | $37K | $18K | 25x | as long as short |
| Orderly PERP_ARB_USDC | −0.0012% | 8h | 0.2238 | −0.036% | $10K | $387K | 10x | as long as short |
01 Exchange ARBUSD
Bybit ARBUSDT
Variational Omni ARB
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Kraken Futures PF_ARBUSD
SoDEX ARB-USD
Deribit ARB_USDC-PERPETUAL
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ARB-USD | −0.0003% | 1h | 0.2237 | −0.063% | $77K | $2.3M | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2239 | −0.004% | $66K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2238 | −0.024% | $55K | — | 150x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2236 | −0.147% | $355K | $2.5M | 25x | as long as short |
| Gate ARB_USDT | +0.0008% | 8h | 0.2237 | −0.071% | $5.5M | $21.5M | 60x | as long as short |
| Binance ARBUSDT | +0.0010% | 8h | 0.2237 | −0.081% | $63.6M | $326.3M | 75x | as long as short |
| BloFin ARB-USDT | +0.0034% | 8h | 0.2238 | −0.031% | $3.0M | $3.3M | 75x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2239 | −0.010% | $146K | $12K | 3x | as long as short |
| BingX ARB-USDT | +0.0084% | 8h | 0.2236 | −0.112% | — | $54.0M | — | as long as short |
| Bitget ARBUSDT | +0.0085% | 8h | 0.2237 | −0.080% | $21.0M | $38.7M | 50x | as long as short |
| Lighter ARBlong | +0.0096% | 1h | 0.2239 | long leg | $1.3M | $7.7M | 15x | |
| Hyperliquid ARB | +0.0100% | 1h | 0.2240 | +0.049% | $40.1M | $53.1M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2238 | −0.040% | $696K | $1.8M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2238 | −0.018% | $46K | $205K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2239 | +0.022% | $20.7M | $17.1M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2233 | −0.273% | $38K | $449K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2236 | −0.120% | $482K | $4.1M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2235 | −0.170% | $121K | $297K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2239 | +0.009% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2237 | −0.076% | $275K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2237 | −0.080% | $5.3M | $13.8M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0168% | 1h | 0.2239 | −0.004% | $820K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2240 | +0.036% | $507K | $2.5M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2236 | −0.108% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0546% | 1h | 0.2238 | −0.025% | $492K | $2.9M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0547% | 1h | 0.2242 | +0.138% | $1.1M | $2.7M | 20x | as long as short |
Polymarket Perps ARB-USD
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Gate ARB_USDT
Binance ARBUSDT
BloFin ARB-USDT
Aevo ARB-PERP
BingX ARB-USDT
Bitget ARBUSDT
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]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP