Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h −0.009%

Price spread now: Lighter against BloFin+0.082%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$430.427% of the position

Long on BloFin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 4 days (all we have)−0.790%−$79 · spread now +0.082%, 7d avg +0.029%

Together, before fees−0.869%+ Points / potential airdropLighter: Season 3 · farm board−$87 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Lighter is 0.054% dearer against BloFin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.029%. Mind the row above: over the last 7 days funding on this pair cost −0.079%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ARB-USDT	0.2182	0.0085	pay 0.0085% / 8h	5h 48m	$3.0M	$2.1M	75x
Short	Lighter ARB	0.2184	0.0096	get 0.0012% / 1h	48m 19s	$1.3M	$5.3M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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 BloFinbpFee LighterbpOrdersPrice spread, now +0.082%Rate

Funding earned: $2.24
Price spread: +0.082% → +0.029%: $5.35
Slippage, 4 orders: −$30.69
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$35.1
Costs to cover: 0.427%
Break-even: 116.4 days

Slippage from BloFin: live order book, 3 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 BloFin live order book, 3 min ago	3.89 bp	15.5 bp −$16	26.3 bp −$263	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	1.37 bp	7.1 bp −$7	19.9 bp −$199	103.0 bp −$10.3K	doesn't fit

ARB on 36 exchanges

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	−0.1736%	1h	0.2177	−0.247%	$39K	$372K	12x	as long as short
Kraken Futures PF_ARBUSD	−0.0231%	1h	0.2183	+0.044%	$1.1M	$4.1M	50x	as long as short
Bybit ARBUSDT	−0.0215%	8h	0.2183	+0.009%	$53.8M	$121.9M	50x	as long as short
SoDEX ARB-USD	−0.0197%	1h	0.2183	+0.041%	$9K	$2.2M	5x	as long as short
OKX ARB-USDT-SWAP	−0.0144%	8h	0.2183	+0.023%	$22.8M	$141.5M	50x	as long as short
MEXC ARB_USDT	−0.0143%	8h	0.2183	+0.032%	$44.4M	$61.1M	200x	as long as short
01 Exchange ARBUSD	−0.0128%	1h	0.2183	+0.037%	$7K	$414	10x	as long as short
Extended ARB-USD	−0.0040%	1h	0.2182	−0.003%	$362K	$3.0M	25x	as long as short
Binance ARBUSDT	−0.0038%	8h	0.2183	+0.041%	$64.0M	$288.2M	75x	as long as short
Variational Omni ARB	−0.0033%	8h	0.2182	−0.019%	$1.8M	$2.6M	—	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ARB_USDC	−0.0018%	8h	0.2183	+0.027%	$16K	$406K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2183	+0.048%	$64K	$3K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2184	+0.078%	$29K	$36K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2188	+0.268%	$73K	—	150x	as long as short
Polymarket Perps ARB-USD	+0.0010%	1h	0.2182	+0.005%	$73K	$1.9M	10x	as long as short
Gate ARB_USDT	+0.0030%	8h	0.2183	+0.041%	$5.4M	$16.3M	60x	as long as short
Phemex ARBUSDT	+0.0051%	8h	0.2184	+0.073%	$4.7M	$12.6M	50x	as long as short
Aevo ARB-PERP	+0.0072%	1h	0.2184	+0.073%	$139K	$7K	3x	as long as short
ApeX Omni ARBUSDT	+0.0072%	1h	0.2185	+0.119%	$118K	$310K	50x	as long as short
BloFin ARB-USDTlong	+0.0085%	8h	0.2182	long leg	$3.0M	$2.1M	75x
Lighter ARBshort	+0.0096%	1h	0.2184	+0.082%	$1.3M	$5.3M	15x
Hyperliquid ARB	+0.0100%	1h	0.2185	+0.115%	$35.6M	$49.6M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2183	+0.045%	$624K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2185	+0.110%	$54K	$154K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2184	+0.064%	$18.9M	$13.4M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2184	+0.073%	$20.9M	$33.4M	50x	as long as short
BingX ARB-USDC	+0.0100%	8h	0.2181	−0.078%	—	$6.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2183	+0.050%	$40K	$466K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2187	+0.211%	$469K	$3.3M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2186	+0.165%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2183	+0.014%	$295K	$814K	50x	as long as short
Backpack ARB_USDC_PERP	+0.0114%	1h	0.2186	+0.147%	$974K	$2.7M	20x	as long as short
RISEx ARB/USDC	+0.0271%	1h	0.2185	+0.116%	$540K	$2.4M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0282% / S −0.0166%	1h	0.2188	+0.234%	$846K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2182	−0.021%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0424%	1h	0.2196	+0.605%	$524K	$1.4M	50x	as long as short