Funding you earn now, next payment 23:00 UTC−0.0267%/8h= −29.2% APRnext payment −$0.33 per $10,000 · paid last 24h −0.013%
Price spread now: Lighter against RISEx−0.065%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$310.306% of the position
Funding, last 3 days (all we have)−0.265%−$26 on $10k
+Price spread, last 5 days (all we have)+0.193%+$19 · spread now −0.065%, 7d avg −0.013%
=Together, before fees−0.072%+ Points / potential airdropLighter: Season 3 · farm board−$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Lighter is 0.051% cheaper against RISEx than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.013%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx ARB/USDC | 0.2239 | 0.0363 | pay 0.0045% / 1h | 29m 29s | $494K | $2.7M | 10x |
| Short | Lighter ARB | 0.2238 | 0.0096 | get 0.0012% / 1h | 29m 29s | $1.3M | $7.4M | 15x |
RISEx ARB/USDC
Lighter ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against RISEx. 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
- −$56.04
- Price spread: −0.065% → −0.013%
- −$5.13
- Slippage, 4 orders
- −$24.6
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$91.77
- Costs to cover
- 0.306%
- Break-even
- never at this rate
Slippage from RISEx: live order book, 4 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 RISEx live order book, 4 min ago | 1.11 bp | 4.1 bp −$4 | 16.5 bp −$165 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 1.56 bp | 13.1 bp −$13 | 26.1 bp −$261 | 105.6 bp −$10.6K | 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 | −0.1770% | 1h | 0.2221 | −0.824% | $40K | $283K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0232% | 1h | 0.2237 | −0.105% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0162% | 8h | 0.2230 | −0.423% | $1.9M | $2.8M | — | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0152% | 1h | 0.2238 | −0.047% | $26K | $32K | 25x | as long as short |
| SoDEX ARB-USD | −0.0146% | 1h | 0.2238 | −0.087% | $4K | $2.8M | 5x | as long as short |
| Bybit ARBUSDT | −0.0141% | 8h | 0.2236 | −0.159% | $57.7M | $133.9M | 50x | as long as short |
| Polymarket Perps ARB-USD | −0.0108% | 1h | 0.2237 | −0.123% | $71K | $2.1M | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0104% | 8h | 0.2236 | −0.163% | $22.4M | $161.3M | 50x | as long as short |
| MEXC ARB_USDT | −0.0103% | 8h | 0.2237 | −0.114% | $37.4M | $62.5M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0031% | 8h | 0.2237 | −0.109% | $11K | $394K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Variational Omni ARB
Deribit ARB_USDC-PERPETUAL
SoDEX ARB-USD
Bybit ARBUSDT
Polymarket Perps ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDT | −0.0011% | 8h | 0.2237 | −0.090% | $63.9M | $319.0M | 75x | as long as short |
| Extended ARB-USD | −0.0008% | 1h | 0.2236 | −0.138% | $356K | $2.4M | 25x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2239 | −0.041% | $66K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2238 | −0.065% | $56K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0030% | 8h | 0.2237 | −0.109% | $5.5M | $20.7M | 60x | as long as short |
| Bitget ARBUSDT | +0.0077% | 8h | 0.2236 | −0.154% | $20.9M | $37.4M | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2239 | −0.020% | $146K | $12K | 3x | as long as short |
| BingX ARB-USDC | +0.0083% | 8h | 0.2235 | −0.221% | — | $6.5M | — | as long as short |
| Kraken Futures PF_ARBUSD | +0.0085% | 1h | 0.2240 | +0.004% | $1.1M | $5.1M | 50x | as long as short |
| Lighter ARBshort | +0.0096% | 1h | 0.2238 | −0.065% | $1.3M | $7.4M | 15x | |
| Hyperliquid ARB | +0.0100% | 1h | 0.2239 | −0.002% | $40.0M | $51.0M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2237 | −0.109% | $695K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2239 | −0.039% | $45K | $193K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2238 | −0.087% | $20.6M | $16.6M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2240 | +0.046% | $40K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2232 | −0.333% | $473K | $4.0M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2243 | +0.159% | $121K | $294K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2239 | −0.020% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2237 | −0.100% | $276K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2237 | −0.109% | $5.2M | $13.5M | 50x | as long as short |
| BloFin ARB-USDT | +0.0111% | 8h | 0.2234 | −0.239% | $3.0M | $3.3M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0264% | 1h | 0.2236 | −0.167% | $505K | $2.3M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0275% / S −0.0158% | 1h | 0.2238 | −0.053% | $840K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2235 | −0.177% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDClong | +0.0363% | 1h | 0.2239 | long leg | $494K | $2.7M | 10x | |
| Backpack ARB_USDC_PERP | +0.0620% | 1h | 0.2241 | +0.078% | $1.1M | $2.7M | 20x | as long as short |
Binance ARBUSDT
Extended ARB-USD
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Bitget ARBUSDT
Aevo ARB-PERP
BingX ARB-USDC
Kraken Futures PF_ARBUSD
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP