Funding you earn now, next payment 03:00 UTC+0.0343%/8h= +37.6% APRnext payment +$0.43 per $10,000 · paid last 24h +0.060%
Price spread now: Lighter against Deribit+0.009%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$10 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ARB_USDC-PERPETUAL | 0.2212 | −0.0247 | get 0.0031% / 1h | 4m 27s | $24K | $34K | 25x |
| Short | Lighter ARB | 0.2212 | 0.0096 | get 0.0012% / 1h | 4m 27s | $1.2M | $6.4M | 15x |
Deribit ARB_USDC-PERPETUAL
Lighter ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Deribit. 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
- $72.03
- Price spread: +0.009% → 0.000%
- $0.9
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $65.93
- Costs to cover
- 0.070%
- Break-even
- 0.6 days
Slippage unknown: Deribit: no order-book sample; Lighter: live order book, 4 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 4 min ago | 1.80 bp | 8.2 bp −$8 | 19.6 bp −$196 | 81.2 bp −$8,122 | doesn't fit |
Deribit: 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 | −0.1577% | 1h | 0.2211 | −0.045% | $40K | $372K | 12x | as long as short |
| Deribit ARB_USDC-PERPETUALlong | −0.0247% | 1h | 0.2212 | long leg | $24K | $34K | 25x | |
| OKX ARB-USDT-SWAP | −0.0146% | 8h | 0.2208 | −0.203% | $22.3M | $148.9M | 50x | as long as short |
| MEXC ARB_USDT | −0.0146% | 8h | 0.2205 | −0.303% | $38.6M | $59.8M | 200x | as long as short |
| Polymarket Perps ARB-USD | −0.0140% | 1h | 0.2210 | −0.077% | $87K | $2.1M | 10x | as long as short |
| Variational Omni ARB | −0.0133% | 8h | 0.2209 | −0.148% | $1.8M | $3.0M | — | as long as short |
| 01 Exchange ARBUSD | −0.0128% | 1h | 0.2210 | −0.077% | $7K | $2K | 10x | as long as short |
| SoDEX ARB-USD | −0.0118% | 1h | 0.2212 | −0.023% | $10K | $2.3M | 5x | as long as short |
| Gate ARB_USDT | −0.0107% | 8h | 0.2212 | −0.014% | $5.4M | $19.3M | 60x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0098% | 1h | 0.2213 | +0.056% | $1.1M | $4.4M | 50x | as long as short |
Injective ARB/USDC PERP
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Polymarket Perps ARB-USD
Variational Omni ARB
01 Exchange ARBUSD
SoDEX ARB-USD
Gate ARB_USDT
Kraken Futures PF_ARBUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ARB_USDC | −0.0077% | 8h | 0.2212 | 0.000% | $13K | $388K | 10x | as long as short |
| Bybit ARBUSDT | −0.0066% | 8h | 0.2209 | −0.149% | $56.2M | $125.8M | 50x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2214 | +0.075% | $65K | $5K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0013% | 1h | 0.2212 | +0.020% | $11K | — | 150x | as long as short |
| Extended ARB-USD | +0.0016% | 1h | 0.2210 | −0.077% | $351K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0020% | 8h | 0.2211 | −0.044% | $64.5M | $306.6M | 75x | as long as short |
| Phemex ARBUSDT | +0.0038% | 8h | 0.2214 | +0.090% | $5.0M | $12.9M | 50x | as long as short |
| Bitget ARBUSDT | +0.0070% | 8h | 0.2209 | −0.136% | $21.1M | $34.6M | 50x | as long as short |
| BingX ARB-USDT | +0.0073% | 8h | 0.2211 | −0.036% | — | $53.9M | — | as long as short |
| BloFin ARB-USDT | +0.0078% | 8h | 0.2213 | +0.023% | $3.1M | $2.6M | 75x | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2213 | +0.023% | $140K | $7K | 3x | as long as short |
| ApeX Omni ARBUSDT | +0.0090% | 1h | 0.2220 | +0.362% | $120K | $283K | 50x | as long as short |
| Lighter ARBshort | +0.0096% | 1h | 0.2212 | +0.009% | $1.2M | $6.4M | 15x | |
| Hyperliquid ARB | +0.0100% | 1h | 0.2210 | −0.095% | $38.2M | $49.1M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2210 | −0.068% | $647K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2212 | −0.002% | $42K | $169K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2206 | −0.271% | $19.5M | $15.3M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2218 | +0.249% | $40K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2223 | +0.497% | $482K | $3.6M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2214 | +0.090% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2214 | +0.081% | $301K | $939K | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2215 | +0.136% | $496K | $2.0M | 50x | as long as short |
| RISEx ARB/USDC | +0.0232% | 1h | 0.2213 | +0.023% | $489K | $2.6M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2212 | +0.014% | $826K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2208 | −0.173% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0537% | 1h | 0.2216 | +0.199% | $998K | $2.8M | 20x | as long as short |
Orderly PERP_ARB_USDC
Bybit ARBUSDT
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Binance ARBUSDT
Phemex ARBUSDT
Bitget ARBUSDT
BingX ARB-USDT
BloFin ARB-USDT
Aevo ARB-PERP
ApeX Omni ARBUSDT
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
SunX ARB-USDT
HTX ARB-USDT
Coinbase International ARB-PERP-INTX
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP