Funding you earn now, next payment 04:00 UTC+0.0221%/8h= +24.2% APRpaid last 24h +0.039%
Price spread now: Lighter against Variational Omni−0.212%7-day average +0.014% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.054%+$5 on $10k
+Price spread, last 7 days+0.252%+$25 · spread now −0.212%, 7d avg +0.014%
=Together, before fees+0.305%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board+$31 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.227% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.212% now, against its 7-day average of +0.014%). If the spread goes back, that is −$23 on $10k: about 3.4 days of funding at the current rate (+$7 a day). At the pace of the last 3 days (+0.054% in total) that is about 15 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.054% in total (about 5.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ARB | 0.2208 | −0.0125 | get 0.0125% / 8h | 4h 52m | $1.8M | $2.9M | — |
| Short | Lighter ARB | 0.2203 | 0.0096 | get 0.0012% / 1h | 52m 53s | $1.2M | $5.7M | 15x |
Variational Omni ARB
Lighter ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Variational Omni. 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
- $46.43
- Price spread: −0.212% → +0.014%
- −$22.66
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $23.77
- Costs to cover
- 0.000%
- Break-even
- 3.4 days
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; 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 Variational Omni RFQ quote, 1 min ago | 4.53 bp | doesn't fit | 18.1 bp −$181 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 2.96 bp | 7.3 bp −$7 | 23.6 bp −$236 | 90.7 bp −$9,075 | 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 | −0.1649% | 1h | 0.2196 | −0.529% | $40K | $372K | 12x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0204% | 1h | 0.2203 | −0.190% | $24K | $34K | 25x | as long as short |
| MEXC ARB_USDT | −0.0142% | 8h | 0.2201 | −0.303% | $40.9M | $59.5M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0141% | 8h | 0.2200 | −0.344% | $22.2M | $147.9M | 50x | as long as short |
| Variational Omni ARBlong | −0.0125% | 8h | 0.2208 | long leg | $1.8M | $2.9M | — | |
| 01 Exchange ARBUSD | −0.0112% | 1h | 0.2204 | −0.162% | $7K | $2K | 10x | as long as short |
| Gate ARB_USDT | −0.0102% | 8h | 0.2204 | −0.181% | $5.3M | $18.6M | 60x | as long as short |
| SoDEX ARB-USD | −0.0086% | 1h | 0.2203 | −0.203% | $10K | $2.3M | 5x | as long as short |
| Orderly PERP_ARB_USDC | −0.0078% | 8h | 0.2204 | −0.167% | $13K | $388K | 10x | as long as short |
| Bybit ARBUSDT | −0.0048% | 8h | 0.2201 | −0.307% | $55.8M | $125.8M | 50x | as long as short |
Injective ARB/USDC PERP
Deribit ARB_USDC-PERPETUAL
MEXC ARB_USDT
OKX ARB-USDT-SWAP
01 Exchange ARBUSD
Gate ARB_USDT
SoDEX ARB-USD
Orderly PERP_ARB_USDC
Bybit ARBUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ARBUSD | −0.0006% | 1h | 0.2205 | −0.115% | $1.1M | $4.4M | 50x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2206 | −0.076% | $65K | $5K | 10x | as long as short |
| Polymarket Perps ARB-USD | +0.0002% | 1h | 0.2205 | −0.140% | $70K | $2.2M | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0012% | 1h | 0.2204 | −0.148% | $10K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0014% | 8h | 0.2200 | −0.325% | $64.2M | $306.6M | 75x | as long as short |
| Extended ARB-USD | +0.0016% | 1h | 0.2201 | −0.304% | $351K | $2.5M | 25x | as long as short |
| ApeX Omni ARBUSDT | +0.0046% | 1h | 0.2199 | −0.393% | $119K | $283K | 50x | as long as short |
| BloFin ARB-USDT | +0.0055% | 8h | 0.2203 | −0.190% | $3.1M | $2.6M | 75x | as long as short |
| Bitget ARBUSDT | +0.0068% | 8h | 0.2200 | −0.348% | $21.0M | $34.6M | 50x | as long as short |
| BingX ARB-USDC | +0.0070% | 8h | 0.2202 | −0.253% | — | $6.5M | — | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2205 | −0.138% | $140K | $7K | 3x | as long as short |
| Lighter ARBshort | +0.0096% | 1h | 0.2203 | −0.212% | $1.2M | $5.7M | 15x | |
| Hyperliquid ARB | +0.0100% | 1h | 0.2203 | −0.190% | $38.1M | $48.6M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2204 | −0.174% | $637K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2206 | −0.063% | $43K | $169K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2204 | −0.176% | $19.5M | $15.2M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2206 | −0.057% | $40K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2197 | −0.471% | $467K | $3.6M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2208 | +0.014% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2204 | −0.162% | $299K | $956K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2203 | −0.212% | $4.9M | $12.9M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2211 | +0.150% | $495K | $2.0M | 50x | as long as short |
| RISEx ARB/USDC | +0.0225% | 1h | 0.2205 | −0.099% | $482K | $2.6M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2204 | −0.168% | $823K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2204 | −0.176% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0638% | 1h | 0.2206 | −0.085% | $994K | $2.8M | 20x | as long as short |
Kraken Futures PF_ARBUSD
dYdX ARB-USD
Polymarket Perps ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
ApeX Omni ARBUSDT
BloFin ARB-USDT
Bitget ARBUSDT
BingX ARB-USDC
Aevo ARB-PERP
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP