Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.007%

Price spread now: Lighter against Aster+0.021%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$390.390% of the position

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 7 days+0.027%+$3 · spread now +0.021%, 7d avg +0.009%

Together, before fees−0.016%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ARBUSDT	0.2225	0.0100	pay 0.0100% / 8h	6h 00m	$661K	$1.7M	20x
Short	Lighter ARB	0.2226	0.0096	get 0.0012% / 1h	0m 54s	$1.2M	$7.4M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$0.84
Price spread: +0.021% → +0.009%: $1.15
Slippage, 4 orders: −$31.05
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$38.73
Costs to cover: 0.390%
Break-even: never at this rate

Slippage from Aster: 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 Aster live order book, 2 min ago	4.27 bp	10.8 bp −$11	38.3 bp −$383	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	2.93 bp	3.8 bp −$4	26.3 bp −$263	128.9 bp −$12.9K	doesn't fit

ARB on 35 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	−0.1692%	1h	0.2213	−0.550%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0208%	1h	0.2223	−0.083%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0204%	1h	0.2225	−0.011%	$10K	$2.4M	5x	as long as short
Variational Omni ARB	−0.0151%	8h	0.2224	−0.076%	$1.9M	$2.9M	—	as long as short
OKX ARB-USDT-SWAP	−0.0132%	8h	0.2224	−0.069%	$22.4M	$154.7M	50x	as long as short
MEXC ARB_USDT	−0.0131%	8h	0.2224	−0.056%	$38.9M	$60.3M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0070%	8h	0.2224	−0.056%	$12K	$383K	10x	as long as short
Bybit ARBUSDT	−0.0041%	8h	0.2224	−0.074%	$56.6M	$127.6M	50x	as long as short
Gate ARB_USDT	−0.0040%	8h	0.2225	−0.033%	$5.4M	$20.0M	60x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0020%	1h	0.2225	+0.007%	$24K	$34K	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2225	−0.031%	$66K	$5K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2223	−0.101%	$353K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0003%	8h	0.2224	−0.038%	$64.8M	$314.5M	75x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0011%	1h	0.2226	+0.015%	$10K	—	150x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2225	+0.001%	$141K	$7K	3x	as long as short
Phemex ARBUSDT	+0.0083%	8h	0.2223	−0.101%	$5.0M	$13.0M	50x	as long as short
Lighter ARBshort	+0.0096%	1h	0.2226	+0.021%	$1.2M	$7.4M	15x
Hyperliquid ARB	+0.0100%	1h	0.2226	+0.030%	$38.7M	$51.4M	10x	as long as short
Aster ARBUSDTlong	+0.0100%	8h	0.2225	long leg	$661K	$1.7M	20x
Pacifica ARB	+0.0100%	1h	0.2222	−0.125%	$42K	$183K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2225	−0.024%	$19.6M	$15.7M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2224	−0.056%	$21.3M	$35.9M	50x	as long as short
BingX ARB-USDT	+0.0100%	8h	0.2224	−0.042%	—	$54.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2225	−0.010%	$40K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2226	+0.028%	$482K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2224	−0.056%	$120K	$285K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2224	−0.051%	$84K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2226	+0.034%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2225	−0.002%	$298K	$982K	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0240%	1h	0.2227	+0.088%	$509K	$2.1M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2226	+0.026%	$830K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2223	−0.090%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0310%	1h	0.2226	+0.019%	$1.1M	$4.7M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2225	−0.021%	$490K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0544%	1h	0.2229	+0.155%	$1.0M	$2.8M	20x	as long as short