ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0327%/8h= +35.8% APRnext payment +$0.41 per $10,000 · paid last 24h +0.034%

Price spread now: Lighter against Polymarket Perps+0.115%45s7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs+$11as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$360.365% of the position

Long on Polymarket Perps Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.479%+$48 on $10k

Price spread, last 7 days−0.114%−$11 · spread now +0.115%, 7d avg +0.039%

Together, before fees+0.366%+ Points / potential airdropLighter: Season 3 · farm board+$37 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Lighter is 0.076% dearer against Polymarket Perps than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.039%. The two prices were read 45 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	Polymarket Perps ARB-USD	0.2263	−0.0231	get 0.0029% / 1h	56m 44s	$77K	$2.0M	10x
Short	Lighter ARB	0.2266	0.0096	get 0.0012% / 1h	56m 44s	$1.4M	$7.4M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Polymarket Perps. 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 Polymarket PerpsbpFee LighterbpOrdersPrice spread, now +0.115%Rate

Funding earned: $68.75
Price spread: +0.115% → +0.039%: $7.56
Slippage, 4 orders: −$28.46
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $39.85
Costs to cover: 0.365%
Break-even: 2.9 days

Slippage from Polymarket Perps: live order book, 2 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 Polymarket Perps live order book, 2 min ago	3.09 bp	7.1 bp −$7	9.0 bp −$90	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	1.99 bp	15.8 bp −$16	31.3 bp −$313	118.5 bp −$11.8K	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	−0.1785%	1h	0.2253	−0.451%	$41K	$372K	12x	as long as short
SoDEX ARB-USD	−0.0273%	1h	0.2264	+0.022%	$4K	$2.7M	5x	as long as short
Polymarket Perps ARB-USDlong	−0.0231%	1h	0.2263	long leg	$77K	$2.0M	10x
01 Exchange ARBUSD	−0.0216%	1h	0.2263	+0.013%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0176%	8h	0.2256	−0.303%	$1.9M	$2.7M	—	as long as short
Bybit ARBUSDT	−0.0161%	8h	0.2263	+0.009%	$58.5M	$130.3M	50x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0147%	1h	0.2264	+0.040%	$26K	$32K	25x	as long as short
OKX ARB-USDT-SWAP	−0.0104%	8h	0.2263	+0.009%	$22.8M	$160.0M	50x	as long as short
MEXC ARB_USDT	−0.0102%	8h	0.2263	+0.009%	$37.5M	$58.9M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0041%	8h	0.2264	+0.035%	$12K	$398K	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	0.2265	+0.065%	$67K	$4K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2263	−0.028%	$360K	$2.3M	25x	as long as short
Binance ARBUSDT	0.0000%	8h	0.2264	+0.036%	$65.1M	$313.4M	75x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2265	+0.071%	$56K	—	150x	as long as short
Gate ARB_USDT	+0.0034%	8h	0.2264	+0.031%	$5.5M	$19.9M	60x	as long as short
BloFin ARB-USDT	+0.0042%	8h	0.2266	+0.115%	$3.1M	$3.3M	75x	as long as short
Bitget ARBUSDT	+0.0065%	8h	0.2263	−0.009%	$21.4M	$36.8M	50x	as long as short
BingX ARB-USDT	+0.0066%	8h	0.2263	+0.009%	—	$53.3M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2265	+0.067%	$148K	$12K	3x	as long as short
Lighter ARBshort	+0.0096%	1h	0.2266	+0.115%	$1.4M	$7.4M	15x
Hyperliquid ARB	+0.0100%	1h	0.2267	+0.168%	$40.9M	$48.8M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2265	+0.071%	$705K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2266	+0.107%	$47K	$193K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2264	+0.049%	$20.4M	$16.3M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2257	−0.268%	$40K	$460K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2258	−0.230%	$491K	$3.7M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2259	−0.186%	$122K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2267	+0.168%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2266	+0.110%	$283K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2265	+0.080%	$5.2M	$13.2M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0216%	1h	0.2268	+0.212%	$511K	$2.3M	50x	as long as short
Kraken Futures PF_ARBUSD	+0.0236%	1h	0.2266	+0.104%	$1.2M	$4.9M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0274% / S −0.0157%	1h	0.2265	+0.071%	$848K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2263	−0.024%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0330%	1h	0.2266	+0.115%	$502K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0391%	1h	0.2267	+0.177%	$889K	$2.8M	20x	as long as short