Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0177%/8h= +19.4% APRpaid last 24h +0.041%

Price spread now: Lighter against OKX+0.125%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$360.358% of the position

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.157%+$16 on $10k

Price spread, last 7 days−0.116%−$12 · spread now +0.125%, 7d avg +0.044%

Together, before fees+0.040%+ Points / potential airdropLighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Lighter is 0.080% dearer against OKX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ARB-USDT-SWAP	0.2248	−0.0081	get 0.0081% / 8h	2h 31m	$22.4M	$166.3M	50x
Short	Lighter ARB	0.2251	0.0096	get 0.0012% / 1h	31m 05s	$1.3M	$7.7M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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 OKXbpFee LighterbpOrdersPrice spread, now +0.125%Rate

Funding earned: $37.14
Price spread: +0.125% → +0.044%: $8.03
Slippage, 4 orders: −$25.83
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $9.33
Costs to cover: 0.358%
Break-even: 5.2 days

Slippage from OKX: live order book, 3 min ago; Lighter: live order book, 7 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 OKX live order book, 3 min ago	0.22 bp	7.0 bp −$7	19.6 bp −$196	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	1.79 bp	15.7 bp −$16	28.2 bp −$282	124.5 bp −$12.5K	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	−0.1675%	1h	0.2241	−0.316%	$40K	$197K	12x	as long as short
01 Exchange ARBUSD	−0.0296%	1h	0.2249	+0.022%	$7K	$2K	10x	as long as short
Bybit ARBUSDT	−0.0193%	8h	0.2250	+0.080%	$56.7M	$136.1M	50x	as long as short
Variational Omni ARB	−0.0178%	8h	0.2229	−0.829%	$1.9M	$2.8M	—	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0150%	1h	0.2251	+0.120%	$38K	$20K	25x	as long as short
OKX ARB-USDT-SWAPlong	−0.0081%	8h	0.2248	long leg	$22.4M	$166.3M	50x
MEXC ARB_USDT	−0.0079%	8h	0.2249	+0.049%	$37.9M	$63.5M	200x	as long as short
SoDEX ARB-USD	−0.0061%	1h	0.2249	+0.049%	$4K	$2.9M	5x	as long as short
Kraken Futures PF_ARBUSD	−0.0053%	1h	0.2250	+0.101%	$1.1M	$5.3M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0013%	8h	0.2250	+0.085%	$10K	$386K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2249	+0.044%	$66K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2251	+0.118%	$57K	—	150x	as long as short
Polymarket Perps ARB-USD	+0.0005%	1h	0.2249	+0.058%	$78K	$2.3M	10x	as long as short
Gate ARB_USDT	+0.0012%	8h	0.2249	+0.044%	$5.5M	$21.6M	60x	as long as short
Binance ARBUSDT	+0.0012%	8h	0.2249	+0.053%	$64.0M	$326.0M	75x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2249	+0.027%	$358K	$2.4M	25x	as long as short
BloFin ARB-USDT	+0.0048%	8h	0.2250	+0.076%	$3.0M	$3.3M	75x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2251	+0.150%	$147K	$12K	3x	as long as short
Bitget ARBUSDT	+0.0085%	8h	0.2249	+0.040%	$21.1M	$38.6M	50x	as long as short
BingX ARB-USDT	+0.0085%	8h	0.2249	+0.036%	—	$54.0M	—	as long as short
Lighter ARBshort	+0.0096%	1h	0.2251	+0.125%	$1.3M	$7.7M	15x
Hyperliquid ARB	+0.0100%	1h	0.2252	+0.165%	$40.3M	$53.1M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2251	+0.122%	$700K	$1.8M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2250	+0.089%	$46K	$205K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2251	+0.138%	$20.8M	$17.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2241	−0.321%	$36K	$452K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2237	−0.497%	$483K	$4.1M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2243	−0.227%	$121K	$297K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2250	+0.085%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2250	+0.076%	$277K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2250	+0.085%	$5.3M	$13.8M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0274% / S −0.0165%	1h	0.2251	+0.129%	$817K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2252	+0.191%	$502K	$2.5M	50x	as long as short
Reya ARBRUSDPERP	+0.0291%	1h	0.2249	+0.023%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0546%	1h	0.2251	+0.136%	$495K	$2.9M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0580%	1h	0.2253	+0.218%	$1.1M	$2.7M	20x	as long as short