Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.007%
Price spread now: Lighter against Pacifica−0.159%7-day average +0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$460.461% of the position
Funding, last 7 days−0.039%−$4 on $10k
+Price spread, last 4 days (all we have)+0.160%+$16 · spread now −0.159%, 7d avg +0.023%
=Together, before fees+0.121%+ Points / potential airdropPacifica: Active · Lighter: Season 3 · farm board+$12 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: Lighter is 0.182% cheaper against Pacifica than usual: you would sell low and buy high, −$18 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 | Pacifica ARB | 0.2277 | 0.0100 | pay 0.0013% / 1h | 18m 50s | $46K | $184K | 10x |
| Short | Lighter ARB | 0.2274 | 0.0096 | get 0.0012% / 1h | 18m 50s | $1.4M | $7.3M | 15x |
Pacifica ARB
Lighter ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Pacifica. 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: −0.159% → +0.023%
- −$18.22
- Slippage, 4 orders
- −$38.1
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$65.16
- Costs to cover
- 0.461%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 54 min ago; Lighter: live order book, 4 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 Pacifica live order book, 54 min ago | 7.05 bp | 11.6 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 4.18 bp | 12.1 bp −$12 | 26.2 bp −$262 | 107.0 bp −$10.7K | 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 | −0.1666% | 1h | 0.2269 | −0.370% | $41K | $372K | 12x | as long as short |
| Variational Omni ARB | −0.0201% | 8h | 0.2267 | −0.477% | $2.0M | $2.8M | — | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0190% | 1h | 0.2274 | −0.159% | $25K | $34K | 25x | as long as short |
| 01 Exchange ARBUSD | −0.0152% | 1h | 0.2276 | −0.058% | $7K | $2K | 10x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0137% | 1h | 0.2274 | −0.151% | $1.1M | $4.9M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0111% | 8h | 0.2256 | −0.928% | $22.9M | $157.5M | 50x | as long as short |
| MEXC ARB_USDT | −0.0110% | 8h | 0.2255 | −0.972% | $38.7M | $59.3M | 200x | as long as short |
| Bybit ARBUSDT | −0.0088% | 8h | 0.2256 | −0.950% | $58.7M | $126.9M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0048% | 8h | 0.2274 | −0.151% | $13K | $386K | 10x | as long as short |
| SoDEX ARB-USD | −0.0032% | 1h | 0.2272 | −0.230% | $4K | $2.5M | 5x | as long as short |
Injective ARB/USDC PERP
Variational Omni ARB
Deribit ARB_USDC-PERPETUAL
01 Exchange ARBUSD
Kraken Futures PF_ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Bybit ARBUSDT
Orderly PERP_ARB_USDC
SoDEX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2277 | −0.004% | $67K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2275 | −0.085% | $33K | — | 150x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2255 | −0.970% | $362K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0011% | 8h | 0.2256 | −0.919% | $66.6M | $311.0M | 75x | as long as short |
| BloFin ARB-USDT | +0.0044% | 8h | 0.2270 | −0.313% | $3.1M | $2.9M | 75x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2275 | −0.120% | $144K | $7K | 3x | as long as short |
| BingX ARB-USDT | +0.0081% | 8h | 0.2256 | −0.945% | — | $54.3M | — | as long as short |
| Bitget ARBUSDT | +0.0088% | 8h | 0.2257 | −0.897% | $21.7M | $35.7M | 50x | as long as short |
| Lighter ARBshort | +0.0096% | 1h | 0.2274 | −0.159% | $1.4M | $7.3M | 15x | |
| Hyperliquid ARB | +0.0100% | 1h | 0.2260 | −0.761% | $41.0M | $47.3M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2257 | −0.902% | $702K | $1.6M | 20x | as long as short |
| Pacifica ARBlong | +0.0100% | 1h | 0.2277 | long leg | $46K | $184K | 10x | |
| Gate ARB_USDT | +0.0100% | 8h | 0.2257 | −0.901% | $5.5M | $19.8M | 60x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2257 | −0.893% | $19.6M | $15.8M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2269 | −0.365% | $41K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2268 | −0.411% | $483K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2267 | −0.458% | $122K | $295K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2276 | −0.050% | $65K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2273 | −0.195% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2276 | −0.067% | $299K | $981K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2272 | −0.238% | $5.2M | $13.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0232% | 1h | 0.2280 | +0.113% | $514K | $2.3M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0288% / S −0.0175% | 1h | 0.2276 | −0.053% | $901K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2275 | −0.115% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0384% | 1h | 0.2278 | +0.011% | $520K | $2.6M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0599% | 1h | 0.2263 | −0.620% | $1.0M | $2.8M | 20x | as long as short |
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Binance ARBUSDT
BloFin ARB-USDT
Aevo ARB-PERP
BingX ARB-USDT
Bitget ARBUSDT
Hyperliquid ARB
Aster ARBUSDT
Gate ARB_USDT
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP