ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0091%/8h= +10.0% APRnext payment +$0.11 per $10,000 · paid last 24h +0.036%

Price spread now: Lighter against gTrade (Gains Network)−0.190%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 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 0.190% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.190% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 6.9 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ARB/USD	0.2227	L +0.0005% / S −0.0009%	pay 0.0001% / 1h	3m 40s	$44K	—	150x
Short	Lighter ARB	0.2223	0.0096	get 0.0012% / 1h	3m 40s	$1.3M	$5.5M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee LighterbpOrdersPrice spread, now −0.190%Rate

Funding earned: $19.18
Price spread: −0.190% → 0.000%: −$18.95
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$9.77
Costs to cover: 0.100%
Break-even: 10.6 days

Slippage unknown: gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Lighter live order book, 4 min ago	3.38 bp	18.1 bp −$18	34.7 bp −$347	125.3 bp −$12.5K	doesn't fit

gTrade (Gains Network): 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	−0.1581%	1h	0.2208	−0.841%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0128%	1h	0.2229	+0.089%	$7K	$236	10x	as long as short
Polymarket Perps ARB-USD	−0.0095%	1h	0.2226	−0.019%	$76K	$2.1M	10x	as long as short
Variational Omni ARB	−0.0083%	8h	0.2224	−0.124%	$1.8M	$3.0M	—	as long as short
Kraken Futures PF_ARBUSD	−0.0073%	1h	0.2224	−0.111%	$1.1M	$4.5M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0061%	8h	0.2222	−0.216%	$22.1M	$146.8M	50x	as long as short
MEXC ARB_USDT	−0.0058%	8h	0.2222	−0.207%	$41.8M	$62.0M	200x	as long as short
Bybit ARBUSDT	−0.0047%	8h	0.2222	−0.212%	$54.7M	$126.6M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0044%	8h	0.2225	−0.077%	$12K	$406K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0020%	1h	0.2225	−0.073%	$28K	$38K	25x	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	0.2224	−0.138%	$66K	$5K	10x	as long as short
gTrade (Gains Network) ARB/USDlong	L +0.0005% / S −0.0009%	1h	0.2227	long leg	$44K	—	150x
Bitget ARBUSDT	+0.0056%	8h	0.2222	−0.212%	$21.3M	$34.8M	50x	as long as short
Gate ARB_USDT	+0.0079%	8h	0.2223	−0.190%	$5.5M	$18.4M	60x	as long as short
RISEx ARB/USDC	+0.0086%	1h	0.2223	−0.170%	$483K	$2.6M	10x	as long as short
Lighter ARBshort	+0.0096%	1h	0.2223	−0.190%	$1.3M	$5.5M	15x
Hyperliquid ARB	+0.0100%	1h	0.2225	−0.068%	$37.6M	$49.3M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2224	−0.121%	$638K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2222	−0.192%	$43K	$150K	10x	as long as short
Binance ARBUSDT	+0.0100%	8h	0.2222	−0.206%	$63.5M	$301.1M	75x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2223	−0.158%	$19.9M	$14.4M	75x	as long as short
BingX ARB-USDC	+0.0100%	8h	0.2222	−0.198%	—	$6.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2220	−0.318%	$39K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2221	−0.258%	$484K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2223	−0.167%	$120K	$281K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2228	+0.057%	$1K	$1.1M	30x	as long as short
SoDEX ARB-USD	+0.0100%	1h	0.2223	−0.163%	$9K	$2.2M	5x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2225	−0.091%	$298K	$884K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2225	−0.077%	$5.0M	$12.8M	50x	as long as short
Extended ARB-USD	+0.0104%	1h	0.2221	−0.241%	$354K	$2.8M	25x	as long as short
Aevo ARB-PERP	+0.0104%	1h	0.2225	−0.077%	$141K	$7K	3x	as long as short
BloFin ARB-USDT	+0.0220%	8h	0.2221	−0.261%	$3.0M	$2.4M	75x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0277% / S −0.0159%	1h	0.2226	−0.019%	$844K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2230	+0.147%	$517K	$1.6M	50x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2226	−0.050%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0744%	1h	0.2228	+0.053%	$999K	$2.8M	20x	as long as short