Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0182%/8h= −19.9% APRpaid last 24h −0.041%

Price spread now: MEXC against Lighter−0.115%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$220.220% of the position

Long on Lighter Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.156%−$16 on $10k

Price spread, last 7 days+0.106%+$11 · spread now −0.115%, 7d avg −0.033%

Together, before fees−0.050%+ Points / potential airdropLighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and MEXC is 0.083% cheaper against Lighter than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.033%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ARB	0.2251	0.0096	pay 0.0012% / 1h	28m 20s	$1.3M	$7.7M	15x
Short	MEXC ARB_USDT	0.2249	−0.0086	pay 0.0086% / 8h	2h 28m	$37.8M	$63.6M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.115%Rate

Funding earned: −$38.22
Price spread: −0.115% → −0.033%: −$8.28
Slippage, 4 orders: −$21.96
Fee Lighter: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: −$68.46
Costs to cover: 0.220%
Break-even: never at this rate

Slippage from Lighter: live order book, 5 min ago; MEXC: live order book, 6 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	2.01 bp	4.1 bp −$4	14.9 bp −$149	96.3 bp −$9,635	doesn't fit
Sell MEXC live order book, 6 min ago	0.22 bp	1.4 bp −$1	18.5 bp −$185	42.7 bp −$4,268	76.0 bp −$38.0K

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	−0.1675%	1h	0.2239	−0.542%	$40K	$197K	12x	as long as short
01 Exchange ARBUSD	−0.0288%	1h	0.2248	−0.129%	$7K	$2K	10x	as long as short
Bybit ARBUSDT	−0.0182%	8h	0.2250	−0.044%	$56.6M	$136.0M	50x	as long as short
Variational Omni ARB	−0.0172%	8h	0.2249	−0.091%	$1.9M	$2.8M	—	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0105%	1h	0.2251	−0.009%	$38K	$20K	25x	as long as short
OKX ARB-USDT-SWAP	−0.0088%	8h	0.2249	−0.107%	$22.4M	$166.2M	50x	as long as short
MEXC ARB_USDTshort	−0.0086%	8h	0.2249	−0.115%	$37.8M	$63.6M	200x
SoDEX ARB-USD	−0.0081%	1h	0.2249	−0.080%	$4K	$2.9M	5x	as long as short
Kraken Futures PF_ARBUSD	−0.0053%	1h	0.2250	−0.056%	$1.1M	$5.3M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0014%	8h	0.2250	−0.053%	$10K	$387K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps ARB-USD	−0.0004%	1h	0.2249	−0.107%	$78K	$2.2M	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2250	−0.076%	$66K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2251	−0.019%	$59K	—	150x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2249	−0.106%	$358K	$2.4M	25x	as long as short
Binance ARBUSDT	+0.0008%	8h	0.2249	−0.080%	$64.0M	$325.2M	75x	as long as short
Gate ARB_USDT	+0.0014%	8h	0.2249	−0.084%	$5.5M	$21.6M	60x	as long as short
BloFin ARB-USDT	+0.0043%	8h	0.2247	−0.169%	$3.0M	$3.3M	75x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2251	+0.008%	$147K	$12K	3x	as long as short
Bitget ARBUSDT	+0.0085%	8h	0.2249	−0.098%	$21.1M	$38.5M	50x	as long as short
BingX ARB-USDC	+0.0085%	8h	0.2248	−0.142%	—	$6.5M	—	as long as short
Lighter ARBlong	+0.0096%	1h	0.2251	long leg	$1.3M	$7.7M	15x
Hyperliquid ARB	+0.0100%	1h	0.2252	+0.018%	$40.3M	$53.2M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2249	−0.094%	$700K	$1.8M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2249	−0.083%	$47K	$200K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2250	−0.040%	$20.8M	$17.0M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2249	−0.110%	$36K	$453K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2249	−0.093%	$480K	$4.1M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2248	−0.142%	$122K	$297K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2250	−0.053%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2247	−0.191%	$276K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2249	−0.098%	$5.3M	$13.8M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0154% / S −0.0018%	1h	0.2250	−0.046%	$853K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2252	+0.053%	$502K	$2.5M	50x	as long as short
Reya ARBRUSDPERP	+0.0291%	1h	0.2249	−0.117%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0546%	1h	0.2249	−0.086%	$495K	$2.9M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0578%	1h	0.2252	+0.022%	$1.1M	$2.7M	20x	as long as short