Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.007%

Price spread now: KuCoin against Lighter+0.009%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$570.570% of the position

Long on Lighter Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 7 days−0.061%−$6 · spread now +0.009%, 7d avg −0.002%

Together, before fees−0.020%+ Points / potential airdropLighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ARB	0.2174	0.0096	pay 0.0012% / 1h	9m 48s	$1.3M	$5.0M	15x
Short	KuCoin ARBUSDTM	0.2174	0.0100	get 0.0100% / 8h	4h 09m	$18.9M	$12.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0.84
Price spread: +0.009% → −0.002%: $1.16
Slippage, 4 orders: −$44.96
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$54.97
Costs to cover: 0.570%
Break-even: 465.1 days

Slippage from Lighter: live order book, 6 min ago; KuCoin: live order book, 2 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, 6 min ago	1.61 bp	12.0 bp −$12	23.8 bp −$238	108.2 bp −$10.8K	doesn't fit
Sell KuCoin live order book, 2 min ago	1.15 bp	18.6 bp −$19	36.9 bp −$369	doesn't fit	doesn't fit

ARB on 36 exchanges

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	−0.1644%	1h	0.2160	−0.653%	$39K	$372K	12x	as long as short
Kraken Futures PF_ARBUSD	−0.0489%	1h	0.2171	−0.133%	$1.1M	$3.9M	50x	as long as short
Polymarket Perps ARB-USD	−0.0278%	1h	0.2169	−0.225%	$60K	$1.6M	10x	as long as short
SoDEX ARB-USD	−0.0217%	1h	0.2170	−0.179%	$9K	$1.8M	5x	as long as short
OKX ARB-USDT-SWAP	−0.0204%	8h	0.2173	−0.060%	$22.6M	$128.8M	50x	as long as short
MEXC ARB_USDT	−0.0203%	8h	0.2173	−0.041%	$42.9M	$59.7M	200x	as long as short
01 Exchange ARBUSD	−0.0168%	1h	0.2168	−0.267%	$7K	$430	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0164%	1h	0.2171	−0.156%	$29K	$30K	25x	as long as short
Bybit ARBUSDT	−0.0122%	8h	0.2173	−0.055%	$54.2M	$112.7M	50x	as long as short
Gate ARB_USDT	−0.0115%	8h	0.2172	−0.101%	$5.5M	$15.5M	60x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDT	−0.0070%	8h	0.2173	−0.053%	$63.7M	$257.4M	75x	as long as short
Variational Omni ARB	−0.0064%	8h	0.2168	−0.283%	$1.8M	$2.4M	—	as long as short
Extended ARB-USD	−0.0064%	1h	0.2171	−0.148%	$357K	$3.0M	25x	as long as short
Orderly PERP_ARB_USDC	−0.0002%	8h	0.2169	−0.239%	$16K	$371K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2174	+0.001%	$63K	$3K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2171	−0.135%	$72K	—	150x	as long as short
BloFin ARB-USDT	+0.0059%	8h	0.2169	−0.230%	$3.0M	$2.0M	75x	as long as short
Aevo ARB-PERP	+0.0064%	1h	0.2171	−0.128%	$138K	$7K	3x	as long as short
Phemex ARBUSDT	+0.0095%	8h	0.2170	−0.193%	$4.6M	$12.4M	50x	as long as short
Lighter ARBlong	+0.0096%	1h	0.2174	long leg	$1.3M	$5.0M	15x
Hyperliquid ARB	+0.0100%	1h	0.2175	+0.028%	$35.1M	$46.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2173	−0.055%	$623K	$1.5M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2175	+0.039%	$54K	$147K	10x	as long as short
KuCoin ARBUSDTMshort	+0.0100%	8h	0.2174	+0.009%	$18.9M	$12.1M	75x
Bitget ARBUSDT	+0.0100%	8h	0.2172	−0.101%	$21.0M	$29.9M	50x	as long as short
BingX ARB-USDC	+0.0100%	8h	0.2171	−0.143%	—	$6.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2175	+0.017%	$38K	$454K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2176	+0.078%	$468K	$3.1M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2178	+0.175%	$118K	$306K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2172	−0.101%	$2K	$982K	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2170	−0.198%	$281K	$695K	50x	as long as short
RISEx ARB/USDC	+0.0276%	1h	0.2172	−0.123%	$550K	$2.2M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0279% / S −0.0162%	1h	0.2171	−0.129%	$829K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0287%	1h	0.2169	−0.248%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0305%	1h	0.2173	−0.060%	$968K	$2.2M	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0384%	1h	0.2175	+0.037%	$517K	$1.1M	50x	as long as short