Funding you earn now, next payment 05:00 UTC+0.0040%/8h= +4.3% APRnext payment +$0.05 per $10,000 · paid last 24h +0.058%
Price spread now: Lighter against SoDEX−0.104%7-day average +0.030% · 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−$43as in the Price arb table
costs, in and out, $10k−$290.291% of the position
Funding, last 3 days (all we have)+0.105%+$11 on $10k
+Price spread, last 4 days (all we have)−1.060%−$106 · spread now −0.104%, 7d avg +0.030%
=Together, before fees−0.955%+ Points / potential airdropLighter: Season 3 · farm board−$95 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.135% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.104% now, against its 7-day average of +0.030%). If the spread goes back, that is −$13 on $10k: about 11 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.105% in total) that is about 4.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX ARB-USD | 0.2203 | 0.0056 | pay 0.0007% / 1h | 54m 37s | $10K | $2.2M | 5x |
| Short | Lighter ARB | 0.2201 | 0.0096 | get 0.0012% / 1h | 54m 37s | $1.2M | $5.5M | 15x |
SoDEX ARB-USD
Lighter ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against SoDEX. 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
- $8.3
- Price spread: −0.104% → +0.030%
- −$13.46
- Slippage, 4 orders
- −$21.15
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$34.31
- Costs to cover
- 0.291%
- Break-even
- 35.9 days
Slippage from SoDEX: live order book, 4 min ago; Lighter: live order book, 3 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 SoDEX live order book, 4 min ago | 0.23 bp | 5.4 bp −$5 | 20.9 bp −$209 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 3 min ago | 2.04 bp | 6.2 bp −$6 | 16.0 bp −$160 | 98.7 bp −$9,875 | 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 | −0.1589% | 1h | 0.2188 | −0.690% | $39K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0270% | 1h | 0.2202 | −0.077% | $81K | $2.1M | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0116% | 8h | 0.2201 | −0.118% | $22.2M | $144.1M | 50x | as long as short |
| MEXC ARB_USDT | −0.0115% | 8h | 0.2200 | −0.123% | $42.3M | $60.2M | 200x | as long as short |
| Variational Omni ARB | −0.0097% | 8h | 0.2199 | −0.192% | $1.8M | $2.9M | — | as long as short |
| 01 Exchange ARBUSD | −0.0096% | 1h | 0.2201 | −0.118% | $7K | $2K | 10x | as long as short |
| Orderly PERP_ARB_USDC | −0.0073% | 8h | 0.2204 | +0.036% | $12K | $403K | 10x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0050% | 1h | 0.2204 | +0.053% | $1.1M | $4.4M | 50x | as long as short |
| Bybit ARBUSDT | −0.0042% | 8h | 0.2200 | −0.141% | $55.4M | $124.2M | 50x | as long as short |
| Gate ARB_USDT | −0.0031% | 8h | 0.2201 | −0.118% | $5.3M | $18.0M | 60x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Variational Omni ARB
01 Exchange ARBUSD
Orderly PERP_ARB_USDC
Kraken Futures PF_ARBUSD
Bybit ARBUSDT
Gate ARB_USDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2202 | −0.074% | $65K | $5K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2205 | +0.073% | $24K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2204 | +0.056% | $32K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0022% | 8h | 0.2201 | −0.104% | $63.9M | $300.4M | 75x | as long as short |
| Extended ARB-USD | +0.0024% | 1h | 0.2200 | −0.162% | $350K | $2.5M | 25x | as long as short |
| SoDEX ARB-USDlong | +0.0056% | 1h | 0.2203 | long leg | $10K | $2.2M | 5x | |
| Bitget ARBUSDT | +0.0060% | 8h | 0.2200 | −0.145% | $20.9M | $34.1M | 50x | as long as short |
| BingX ARB-USDT | +0.0061% | 8h | 0.2201 | −0.118% | — | $53.6M | — | as long as short |
| BloFin ARB-USDT | +0.0084% | 8h | 0.2203 | 0.000% | $3.1M | $2.5M | 75x | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2205 | +0.082% | $140K | $7K | 3x | as long as short |
| Lighter ARBshort | +0.0096% | 1h | 0.2201 | −0.104% | $1.2M | $5.5M | 15x | |
| Hyperliquid ARB | +0.0100% | 1h | 0.2202 | −0.064% | $37.7M | $48.3M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2202 | −0.046% | $634K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2201 | −0.098% | $42K | $163K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2202 | −0.045% | $19.6M | $14.8M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2200 | −0.159% | $38K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2201 | −0.087% | $467K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2199 | −0.191% | $119K | $284K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2206 | +0.127% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2205 | +0.064% | $299K | $900K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2203 | −0.009% | $5.0M | $12.8M | 50x | as long as short |
| RISEx ARB/USDC | +0.0118% | 1h | 0.2201 | −0.100% | $482K | $2.6M | 10x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0256% | 1h | 0.2202 | −0.054% | $492K | $1.8M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2204 | +0.021% | $831K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2202 | −0.055% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0587% | 1h | 0.2208 | +0.195% | $994K | $2.8M | 20x | as long as short |
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
Bitget ARBUSDT
BingX ARB-USDT
BloFin ARB-USDT
Aevo ARB-PERP
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
RISEx ARB/USDC
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP