Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.007%
Price spread now: Pacifica against Lighter+0.039%7-day average −0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$440.444% of the position
Funding, last 7 days+0.039%+$4 on $10k
+Price spread, last 4 days (all we have)+0.005%$0 · spread now +0.039%, 7d avg −0.023%
=Together, before fees+0.044%+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm board+$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.062% dearer against Lighter than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.023%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ARB | 0.2225 | 0.0096 | pay 0.0012% / 1h | 50m 32s | $1.3M | $7.3M | 15x |
| Short | Pacifica ARB | 0.2226 | 0.0100 | get 0.0013% / 1h | 50m 32s | $44K | $200K | 10x |
Lighter ARB
Pacifica ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- $0.84
- Price spread: +0.039% → −0.023%
- $6.17
- Slippage, 4 orders
- −$36.35
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$37.34
- Costs to cover
- 0.444%
- Break-even
- 318.1 days
Slippage from Lighter: live order book, 3 min ago; Pacifica: live order book, 32 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, 3 min ago | 2.03 bp | 11.1 bp −$11 | 30.2 bp −$302 | 116.1 bp −$11.6K | doesn't fit |
| Sell Pacifica live order book, 32 min ago | 7.80 bp | 13.0 bp −$13 | 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 PERP | −0.1770% | 1h | 0.2211 | −0.638% | $40K | $283K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0240% | 1h | 0.2222 | −0.135% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0157% | 8h | 0.2221 | −0.168% | $1.9M | $2.8M | — | as long as short |
| SoDEX ARB-USD | −0.0150% | 1h | 0.2223 | −0.108% | $4K | $2.9M | 5x | as long as short |
| Bybit ARBUSDT | −0.0133% | 8h | 0.2222 | −0.139% | $57.1M | $136.2M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0110% | 8h | 0.2222 | −0.135% | $22.2M | $162.7M | 50x | as long as short |
| MEXC ARB_USDT | −0.0109% | 8h | 0.2224 | −0.045% | $36.7M | $62.0M | 200x | as long as short |
| Polymarket Perps ARB-USD | −0.0087% | 1h | 0.2222 | −0.126% | $76K | $2.2M | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0065% | 1h | 0.2224 | −0.067% | $26K | $32K | 25x | as long as short |
| Orderly PERP_ARB_USDC | −0.0023% | 8h | 0.2224 | −0.054% | $11K | $392K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Variational Omni ARB
SoDEX ARB-USD
Bybit ARBUSDT
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Polymarket Perps 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 | |
|---|---|---|---|---|---|---|---|---|
| Extended ARB-USD | −0.0016% | 1h | 0.2222 | −0.127% | $353K | $2.4M | 25x | as long as short |
| Binance ARBUSDT | −0.0015% | 8h | 0.2223 | −0.087% | $63.3M | $323.3M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2225 | −0.018% | $66K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2225 | −0.014% | $55K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0013% | 8h | 0.2224 | −0.036% | $5.5M | $20.6M | 60x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2225 | −0.024% | $145K | $12K | 3x | as long as short |
| Bitget ARBUSDT | +0.0084% | 8h | 0.2222 | −0.144% | $20.8M | $38.1M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0085% | 1h | 0.2226 | +0.023% | $1.1M | $5.2M | 50x | as long as short |
| BingX ARB-USDT | +0.0088% | 8h | 0.2224 | −0.067% | — | $53.7M | — | as long as short |
| Lighter ARBlong | +0.0096% | 1h | 0.2225 | long leg | $1.3M | $7.3M | 15x | |
| Hyperliquid ARB | +0.0100% | 1h | 0.2225 | −0.018% | $39.7M | $52.2M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2224 | −0.038% | $691K | $1.7M | 20x | as long as short |
| Pacifica ARBshort | +0.0100% | 1h | 0.2226 | +0.039% | $44K | $200K | 10x | |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2225 | −0.018% | $20.5M | $16.9M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2224 | −0.047% | $36K | $458K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2226 | +0.043% | $479K | $4.0M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2224 | −0.054% | $120K | $296K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2224 | −0.054% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2223 | −0.099% | $274K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2224 | −0.054% | $5.2M | $13.6M | 50x | as long as short |
| BloFin ARB-USDT | +0.0106% | 8h | 0.2223 | −0.090% | $3.0M | $3.2M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0264% | 1h | 0.2231 | +0.261% | $506K | $2.5M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0274% / S −0.0157% | 1h | 0.2225 | −0.015% | $832K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2221 | −0.175% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0363% | 1h | 0.2226 | +0.024% | $491K | $2.8M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0586% | 1h | 0.2227 | +0.063% | $1.1M | $2.7M | 20x | as long as short |
Extended ARB-USD
Binance ARBUSDT
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Aevo ARB-PERP
Bitget ARBUSDT
Kraken Futures PF_ARBUSD
BingX ARB-USDT
Hyperliquid ARB
Aster ARBUSDT
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP