ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0264%/8h= +28.9% APRnext payment +$0.33 per $10,000 · paid last 24h +0.034%

Price spread now: Lighter against 01 Exchange−0.055%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.055% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.055% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 17 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange ARBUSD	0.2199	−0.0168	get 0.0021% / 1h	2m 34s	$7K	$2K	10x
Short	Lighter ARB	0.2198	0.0096	get 0.0012% / 1h	2m 34s	$1.2M	$5.8M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against 01 Exchange. 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 01 ExchangebpFee LighterbpOrdersPrice spread, now −0.055%Rate

Funding earned: $55.44
Price spread: −0.055% → 0.000%: −$5.46
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $42.98
Costs to cover: 0.070%
Break-even: 1.6 days

Slippage unknown: 01 Exchange: no order-book sample; 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Lighter live order book, 5 min ago	1.37 bp	9.5 bp −$9	20.0 bp −$200	88.0 bp −$8,796	doesn't fit

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.2189	−0.468%	$39K	$372K	12x	as long as short
01 Exchange ARBUSDlong	−0.0168%	1h	0.2199	long leg	$7K	$2K	10x
Polymarket Perps ARB-USD	−0.0153%	1h	0.2199	−0.014%	$86K	$2.1M	10x	as long as short
MEXC ARB_USDT	−0.0115%	8h	0.2198	−0.050%	$41.5M	$60.9M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0114%	8h	0.2199	0.000%	$22.2M	$144.8M	50x	as long as short
Variational Omni ARB	−0.0096%	8h	0.2192	−0.352%	$1.8M	$2.9M	—	as long as short
Orderly PERP_ARB_USDC	−0.0074%	8h	0.2200	+0.032%	$12K	$400K	10x	as long as short
Gate ARB_USDT	−0.0045%	8h	0.2199	+0.005%	$5.3M	$18.9M	60x	as long as short
Bybit ARBUSDT	−0.0034%	8h	0.2198	−0.045%	$55.4M	$124.8M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0006%	1h	0.2202	+0.123%	$1.1M	$4.4M	50x	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	0.2200	+0.054%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2202	+0.136%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2202	+0.141%	$32K	—	150x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2198	−0.052%	$348K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0018%	8h	0.2199	−0.009%	$63.9M	$301.6M	75x	as long as short
SoDEX ARB-USD	+0.0032%	1h	0.2201	+0.077%	$10K	$2.2M	5x	as long as short
Bitget ARBUSDT	+0.0061%	8h	0.2198	−0.059%	$20.9M	$34.2M	50x	as long as short
BingX ARB-USDC	+0.0063%	8h	0.2198	−0.082%	—	$6.5M	—	as long as short
BloFin ARB-USDT	+0.0071%	8h	0.2201	+0.082%	$3.1M	$2.6M	75x	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2203	+0.150%	$140K	$7K	3x	as long as short
Lighter ARBshort	+0.0096%	1h	0.2198	−0.055%	$1.2M	$5.8M	15x
Hyperliquid ARB	+0.0100%	1h	0.2201	+0.064%	$37.7M	$48.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2200	+0.032%	$633K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2200	+0.036%	$42K	$168K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2200	+0.009%	$19.5M	$14.8M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2195	−0.214%	$38K	$464K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2195	−0.196%	$466K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2194	−0.241%	$118K	$284K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2204	+0.214%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2202	+0.118%	$299K	$909K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2202	+0.123%	$5.0M	$12.9M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2205	+0.255%	$491K	$1.9M	50x	as long as short
RISEx ARB/USDC	+0.0225%	1h	0.2200	+0.025%	$476K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2202	+0.118%	$831K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2198	−0.037%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0611%	1h	0.2205	+0.250%	$993K	$2.8M	20x	as long as short