Funding you earn now, next payment 06:00 UTC+0.0152%/8h= +16.6% APRpaid last 24h +0.055%
Price spread now: Lighter against Orderly+0.005%7-day average +0.020% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.254%+$25 on $10k
+Price spread, last 4 days (all we have)−0.702%−$70 · spread now +0.005%, 7d avg +0.020%
=Together, before fees−0.448%+ Points / potential airdropLighter: Season 3 · farm board−$45 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ARB_USDC | 0.2180 | −0.0056 | get 0.0056% / 8h | 2h 38m | $12K | $409K | 10x |
| Short | Lighter ARB | 0.2180 | 0.0096 | get 0.0012% / 1h | 38m 10s | $1.2M | $5.5M | 15x |
Orderly PERP_ARB_USDC
Lighter ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Orderly. 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
- $31.87
- Price spread: +0.005% → +0.020%
- −$1.56
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $24.31
- Costs to cover
- 0.060%
- Break-even
- 1.7 days
Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 5 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 5 min ago | 2.29 bp | 13.8 bp −$14 | 29.6 bp −$296 | 101.4 bp −$10.1K | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.2159 | −0.963% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0184% | 1h | 0.2177 | −0.128% | $7K | $236 | 10x | as long as short |
| Polymarket Perps ARB-USD | −0.0136% | 1h | 0.2180 | +0.014% | $78K | $2.1M | 10x | as long as short |
| Variational Omni ARB | −0.0099% | 8h | 0.2171 | −0.427% | $1.7M | $3.0M | — | as long as short |
| MEXC ARB_USDT | −0.0090% | 8h | 0.2180 | −0.018% | $42.1M | $61.1M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0088% | 8h | 0.2180 | −0.023% | $21.6M | $142.2M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0075% | 1h | 0.2182 | +0.074% | $1.0M | $4.4M | 50x | as long as short |
| Bybit ARBUSDT | −0.0072% | 8h | 0.2179 | −0.064% | $54.1M | $123.8M | 50x | as long as short |
| Orderly PERP_ARB_USDClong | −0.0056% | 8h | 0.2180 | long leg | $12K | $409K | 10x | |
| dYdX ARB-USD | 0.0000% | 1h | 0.2179 | −0.062% | $64K | $5K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Polymarket Perps ARB-USD
Variational Omni ARB
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Kraken Futures PF_ARBUSD
Bybit ARBUSDT
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 | 0.2182 | +0.073% | $23K | $33K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2181 | +0.027% | $44K | — | 150x | as long as short |
| Bitget ARBUSDT | +0.0050% | 8h | 0.2180 | 0.000% | $20.9M | $34.3M | 50x | as long as short |
| Gate ARB_USDT | +0.0051% | 8h | 0.2180 | +0.005% | $5.4M | $18.1M | 60x | as long as short |
| Extended ARB-USD | +0.0072% | 1h | 0.2179 | −0.025% | $348K | $2.8M | 25x | as long as short |
| BingX ARB-USDC | +0.0072% | 8h | 0.2176 | −0.188% | — | $6.5M | — | as long as short |
| Binance ARBUSDT | +0.0072% | 8h | 0.2180 | −0.014% | $62.5M | $300.0M | 75x | as long as short |
| RISEx ARB/USDC | +0.0086% | 1h | 0.2177 | −0.125% | $438K | $2.6M | 10x | as long as short |
| Lighter ARBshort | +0.0096% | 1h | 0.2180 | +0.005% | $1.2M | $5.5M | 15x | |
| Aevo ARB-PERP | +0.0096% | 1h | 0.2181 | +0.061% | $138K | $7K | 3x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2181 | +0.032% | $36.6M | $48.6M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2178 | −0.085% | $627K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2178 | −0.096% | $42K | $160K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2181 | +0.037% | $19.5M | $14.4M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2181 | +0.029% | $39K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2172 | −0.384% | $462K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2173 | −0.321% | $117K | $282K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2181 | +0.046% | $2K | $1.1M | 30x | as long as short |
| SoDEX ARB-USD | +0.0100% | 1h | 0.2181 | +0.028% | $10K | $2.2M | 5x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2182 | +0.101% | $291K | $894K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2179 | −0.046% | $4.9M | $12.6M | 50x | as long as short |
| BloFin ARB-USDT | +0.0192% | 8h | 0.2176 | −0.165% | $3.0M | $2.4M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2180 | +0.008% | $823K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2187 | +0.330% | $504K | $1.6M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2181 | +0.041% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0671% | 1h | 0.2183 | +0.161% | $979K | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Bitget ARBUSDT
Gate ARB_USDT
Extended ARB-USD
BingX ARB-USDC
Binance ARBUSDT
RISEx ARB/USDC
Aevo ARB-PERP
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
SoDEX ARB-USD
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP