ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0137%/8h= +15.0% APRnext payment +$0.17 per $10,000 · paid last 24h −0.021%

Price spread now: Kraken Futures against Lighter−0.068%7-day average +0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$690.693% of the position

Long on Lighter Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.158%−$16 on $10k

Price spread, last 3 days (all we have)+0.720%+$72 · spread now −0.068%, 7d avg +0.039%

Together, before fees+0.562%+ Points / potential airdropLighter: Season 3 · farm board+$56 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.108% cheaper against Lighter than usual: you would sell low and buy high (spread −0.068% now, against its 7-day average of +0.039%). If the spread goes back, that is −$11 on $10k: about 2.6 days of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.158%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ARB	0.2301	0.0096	pay 0.0012% / 1h	48m 39s	$1.4M	$7.4M	15x
Short	Kraken Futures PF_ARBUSD	0.2299	0.0233	get 0.0029% / 1h	48m 39s	$1.2M	$4.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.068%Rate

Funding earned: $28.68
Price spread: −0.068% → +0.039%: −$10.77
Slippage, 4 orders: −$59.26
Fee Lighter: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$51.35
Costs to cover: 0.693%
Break-even: 19.5 days

Slippage from Lighter: live order book, 5 min ago; Kraken Futures: live order book, 5 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, 5 min ago	2.84 bp	8.6 bp −$9	21.9 bp −$219	117.1 bp −$11.7K	doesn't fit
Sell Kraken Futures live order book, 5 min ago	14.43 bp	26.6 bp −$27	34.6 bp −$346	592.3 bp −$59.2K	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	−0.1785%	1h	0.2287	−0.595%	$41K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0184%	1h	0.2299	−0.087%	$80K	$2.0M	10x	as long as short
Variational Omni ARB	−0.0182%	8h	0.2292	−0.375%	$1.9M	$2.7M	—	as long as short
01 Exchange ARBUSD	−0.0168%	1h	0.2299	−0.061%	$7K	$2K	10x	as long as short
Bybit ARBUSDT	−0.0155%	8h	0.2296	−0.200%	$59.2M	$129.1M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0103%	8h	0.2296	−0.217%	$23.3M	$162.5M	50x	as long as short
MEXC ARB_USDT	−0.0103%	8h	0.2298	−0.122%	$38.7M	$59.4M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0041%	8h	0.2298	−0.117%	$13K	$398K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2300	−0.043%	$68K	$4K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2299	−0.057%	$26K	$32K	25x	as long as short

Show 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 −0.0005%	1h	0.2301	+0.004%	$57K	—	150x	as long as short
Binance ARBUSDT	+0.0005%	8h	0.2299	−0.059%	$67.2M	$314.4M	75x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2300	−0.047%	$365K	$2.3M	25x	as long as short
SoDEX ARB-USD	+0.0018%	1h	0.2298	−0.104%	$4K	$2.6M	5x	as long as short
BloFin ARB-USDT	+0.0021%	8h	0.2300	−0.022%	$3.1M	$2.8M	75x	as long as short
Gate ARB_USDT	+0.0032%	8h	0.2302	+0.039%	$5.6M	$20.1M	60x	as long as short
BingX ARB-USDT	+0.0067%	8h	0.2301	0.000%	—	$53.4M	—	as long as short
Bitget ARBUSDT	+0.0069%	8h	0.2296	−0.204%	$21.8M	$36.6M	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2300	−0.016%	$150K	$12K	3x	as long as short
Lighter ARBlong	+0.0096%	1h	0.2301	long leg	$1.4M	$7.4M	15x
Hyperliquid ARB	+0.0100%	1h	0.2305	+0.196%	$41.8M	$47.9M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2302	+0.041%	$716K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2300	−0.019%	$48K	$187K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2302	+0.048%	$20.1M	$16.4M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2291	−0.419%	$41K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2292	−0.362%	$489K	$3.7M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2291	−0.422%	$123K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2301	+0.013%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2299	−0.078%	$294K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2297	−0.161%	$5.3M	$13.3M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0216%	1h	0.2301	+0.013%	$517K	$2.3M	50x	as long as short
Kraken Futures PF_ARBUSDshort	+0.0233%	1h	0.2299	−0.068%	$1.2M	$4.9M	50x
GMX ARB/USD [ARB-USDC]	L +0.0274% / S −0.0157%	1h	0.2301	+0.003%	$862K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2299	−0.063%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0330%	1h	0.2302	+0.040%	$508K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0591%	1h	0.2303	+0.091%	$909K	$2.8M	20x	as long as short