Funding you earn now, next payment 06:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.01 per $10,000 · paid last 24h +0.046%
Price spread now: RISEx against Lighter+0.169%54s7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$340.339% of the position
Funding, last 4 days (all we have)+0.283%+$28 on $10k
+Price spread, last 5 days (all we have)−0.281%−$28 · spread now +0.169%, 7d avg +0.012%
=Together, before fees+0.002%+ Points / potential airdropLighter: Season 3 · farm board$0 on $10k · with fees, hour by hour
The price spread pays, funding is against you. RISEx is 0.157% dearer against Lighter than usual: you sell high and buy low (spread +0.169% now, against its 7-day average of +0.012%): +$16 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 53 days. Mind the row above: over the last 4 days funding on this pair paid +0.283%, so the current rate has only just turned against you. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ARB | 0.2210 | 0.0096 | pay 0.0012% / 1h | 12m 39s | $1.3M | $5.5M | 15x |
| Short | RISEx ARB/USDC | 0.2214 | 0.0086 | get 0.0011% / 1h | 12m 39s | $448K | $2.6M | 10x |
Lighter ARB
RISEx ARB/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- −$2.07
- Price spread: +0.169% → +0.012%
- $15.72
- Slippage, 4 orders
- −$27.88
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$20.23
- Costs to cover
- 0.339%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; RISEx: live order book, 1 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 | 2.27 bp | 3.3 bp −$3 | 13.4 bp −$134 | 83.4 bp −$8,343 | doesn't fit |
| Sell RISEx live order book, 1 min ago | 4.29 bp | 7.4 bp −$7 | 24.0 bp −$240 | 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 | −0.1581% | 1h | 0.2204 | −0.276% | $40K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0152% | 1h | 0.2215 | +0.226% | $7K | $236 | 10x | as long as short |
| Variational Omni ARB | −0.0099% | 8h | 0.2204 | −0.259% | $1.8M | $3.0M | — | as long as short |
| Kraken Futures PF_ARBUSD | −0.0074% | 1h | 0.2212 | +0.085% | $1.1M | $4.5M | 50x | as long as short |
| Bybit ARBUSDT | −0.0067% | 8h | 0.2207 | −0.163% | $54.8M | $125.8M | 50x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0066% | 1h | 0.2213 | +0.127% | $23K | $33K | 25x | as long as short |
| Polymarket Perps ARB-USD | −0.0063% | 1h | 0.2215 | +0.208% | $79K | $2.1M | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0051% | 8h | 0.2205 | −0.222% | $21.8M | $145.1M | 50x | as long as short |
| MEXC ARB_USDT | −0.0050% | 8h | 0.2206 | −0.195% | $41.7M | $61.7M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0046% | 8h | 0.2212 | +0.086% | $12K | $408K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Variational Omni ARB
Kraken Futures PF_ARBUSD
Bybit ARBUSDT
Deribit ARB_USDC-PERPETUAL
Polymarket Perps ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2210 | −0.023% | $65K | $5K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2214 | +0.174% | $44K | — | 150x | as long as short |
| Bitget ARBUSDT | +0.0059% | 8h | 0.2211 | +0.041% | $21.2M | $34.6M | 50x | as long as short |
| Gate ARB_USDT | +0.0084% | 8h | 0.2212 | +0.081% | $5.4M | $18.3M | 60x | as long as short |
| RISEx ARB/USDCshort | +0.0086% | 1h | 0.2214 | +0.169% | $448K | $2.6M | 10x | |
| Lighter ARBlong | +0.0096% | 1h | 0.2210 | long leg | $1.3M | $5.5M | 15x | |
| BingX ARB-USDC | +0.0096% | 8h | 0.2210 | −0.005% | — | $6.5M | — | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2213 | +0.118% | $37.1M | $48.9M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2212 | +0.067% | $637K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2210 | −0.005% | $42K | $149K | 10x | as long as short |
| Binance ARBUSDT | +0.0100% | 8h | 0.2208 | −0.090% | $63.1M | $300.8M | 75x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2212 | +0.090% | $19.7M | $14.4M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2204 | −0.292% | $39K | $465K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2203 | −0.321% | $473K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2204 | −0.276% | $119K | $281K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2218 | +0.357% | $2K | $1.1M | 30x | as long as short |
| SoDEX ARB-USD | +0.0100% | 1h | 0.2211 | +0.054% | $9K | $2.2M | 5x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2212 | +0.068% | $296K | $885K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2212 | +0.086% | $4.9M | $12.8M | 50x | as long as short |
| Extended ARB-USD | +0.0104% | 1h | 0.2210 | −0.011% | $352K | $2.8M | 25x | as long as short |
| Aevo ARB-PERP | +0.0104% | 1h | 0.2213 | +0.145% | $140K | $7K | 3x | as long as short |
| BloFin ARB-USDT | +0.0220% | 8h | 0.2212 | +0.077% | $3.0M | $2.4M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0277% / S −0.0159% | 1h | 0.2214 | +0.166% | $839K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2217 | +0.312% | $513K | $1.6M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2213 | +0.144% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0752% | 1h | 0.2215 | +0.208% | $993K | $2.8M | 20x | as long as short |
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Bitget ARBUSDT
Gate ARB_USDT
BingX ARB-USDC
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
Binance ARBUSDT
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
SoDEX ARB-USD
HTX ARB-USDT
Phemex ARBUSDT
Extended ARB-USD
Aevo ARB-PERP
BloFin ARB-USDT
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP