Funding you earn now, next payment 09:00 UTC−0.0225%/8h= −24.6% APRnext payment −$0.28 per $10,000 · paid last 24h −0.053%
Price spread now: SoDEX against Lighter+0.009%7-day average −0.034% · 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−$10as in the Price arb table
costs, in and out, $10k−$140.138% of the position
Funding, last 4 days (all we have)−0.110%−$11 on $10k
+Price spread, last 4 days (all we have)+2.554%+$255 · spread now +0.009%, 7d avg −0.034%
=Together, before fees+2.444%+ Points / potential airdropLighter: Season 3 · farm board+$244 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SoDEX is 0.043% dearer against Lighter than usual: you sell high and buy low (spread +0.009% now, against its 7-day average of −0.034%): +$4 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 4 days (−0.110% in total) that is about 33 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ARB | 0.2214 | 0.0096 | pay 0.0012% / 1h | 3m 16s | $1.3M | $5.6M | 15x |
| Short | SoDEX ARB-USD | 0.2215 | −0.0129 | pay 0.0016% / 1h | 3m 16s | $9K | $2.2M | 5x |
Lighter ARB
SoDEX ARB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- −$47.16
- Price spread: +0.009% → −0.034%
- $4.3
- Slippage, 4 orders
- −$5.82
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$56.68
- Costs to cover
- 0.138%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; SoDEX: 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 | 0.90 bp | 0.9 bp −$1 | 26.7 bp −$267 | doesn't fit | doesn't fit |
| Sell SoDEX live order book, 1 min ago | 0.23 bp | 5.7 bp −$6 | 22.1 bp −$221 | 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 | −0.1605% | 1h | 0.2207 | −0.330% | $40K | $372K | 12x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0166% | 1h | 0.2217 | +0.109% | $1.1M | $4.3M | 50x | as long as short |
| SoDEX ARB-USDshort | −0.0129% | 1h | 0.2215 | +0.009% | $9K | $2.2M | 5x | |
| OKX ARB-USDT-SWAP | −0.0113% | 8h | 0.2212 | −0.095% | $22.6M | $147.0M | 50x | as long as short |
| MEXC ARB_USDT | −0.0112% | 8h | 0.2214 | −0.014% | $43.9M | $64.1M | 200x | as long as short |
| 01 Exchange ARBUSD | −0.0064% | 1h | 0.2212 | −0.090% | $7K | $458 | 10x | as long as short |
| Phemex ARBUSDT | −0.0044% | 8h | 0.2214 | −0.014% | $4.9M | $12.7M | 50x | as long as short |
| Gate ARB_USDT | −0.0042% | 8h | 0.2213 | −0.059% | $5.4M | $18.4M | 60x | as long as short |
| Orderly PERP_ARB_USDC | −0.0033% | 8h | 0.2214 | −0.014% | $16K | $411K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2215 | +0.042% | $65K | $4K | 10x | as long as short |
Injective ARB/USDC PERP
Kraken Futures PF_ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
01 Exchange ARBUSD
Phemex ARBUSDT
Gate ARB_USDT
Orderly PERP_ARB_USDC
dYdX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2215 | +0.014% | $28K | $37K | 25x | as long as short |
| Bybit ARBUSDT | +0.0003% | 8h | 0.2212 | −0.104% | $54.3M | $124.6M | 50x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2213 | −0.038% | $74K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0007% | 8h | 0.2212 | −0.086% | $64.0M | $297.6M | 75x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2213 | −0.064% | $366K | $3.0M | 25x | as long as short |
| Variational Omni ARB | +0.0026% | 8h | 0.2216 | +0.076% | $1.8M | $3.0M | — | as long as short |
| BloFin ARB-USDT | +0.0029% | 8h | 0.2216 | +0.086% | $3.0M | $2.4M | 75x | as long as short |
| BingX ARB-USDC | +0.0051% | 8h | 0.2212 | −0.099% | — | $6.5M | — | as long as short |
| Bitget ARBUSDT | +0.0052% | 8h | 0.2214 | −0.014% | $21.3M | $34.7M | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2215 | +0.051% | $141K | $7K | 3x | as long as short |
| Lighter ARBlong | +0.0096% | 1h | 0.2214 | long leg | $1.3M | $5.6M | 15x | |
| Hyperliquid ARB | +0.0100% | 1h | 0.2217 | +0.104% | $36.0M | $51.7M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2215 | +0.009% | $635K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2215 | +0.028% | $44K | $143K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2214 | +0.005% | $19.2M | $13.9M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2214 | +0.008% | $40K | $467K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2215 | +0.028% | $474K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2215 | +0.032% | $120K | $290K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2215 | +0.023% | $74K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2216 | +0.077% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2215 | +0.050% | $297K | $819K | 50x | as long as short |
| RISEx ARB/USDC | +0.0123% | 1h | 0.2215 | +0.033% | $547K | $2.6M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0159% | 1h | 0.2217 | +0.118% | $838K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0288% | 1h | 0.2213 | −0.057% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0296% | 1h | 0.2218 | +0.145% | $990K | $2.8M | 20x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0336% | 1h | 0.2221 | +0.321% | $532K | $1.6M | 50x | as long as short |
Deribit ARB_USDC-PERPETUAL
Bybit ARBUSDT
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
Variational Omni ARB
BloFin ARB-USDT
BingX ARB-USDC
Bitget ARBUSDT
Aevo ARB-PERP
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP
Coinbase International ARB-PERP-INTX