Funding you earn now, next payment 10:00 UTC+0.0188%/8h= +20.6% APRpaid last 24h +0.027%
Price spread now: Lighter against Gate−0.101%7-day average +0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$680.680% of the position
Funding, last 7 days+0.112%+$11 on $10k
+Price spread, last 7 days+0.099%+$10 · spread now −0.101%, 7d avg +0.032%
=Together, before fees+0.211%+ Points / potential airdropLighter: Season 3 · farm board+$21 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.132% cheaper against Gate than usual: you would sell low and buy high (spread −0.101% now, against its 7-day average of +0.032%). If the spread goes back, that is −$13 on $10k: about 2.3 days of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.112% in total) that is about 8.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.112% in total (about 5.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ARB_USDT | 0.2186 | −0.0092 | get 0.0092% / 8h | 6h 54m | $5.4M | $17.6M | 60x |
| Short | Lighter ARB | 0.2184 | 0.0096 | get 0.0012% / 1h | 54m 41s | $1.2M | $5.5M | 15x |
Gate ARB_USDT
Lighter ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Gate. 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
- $39.48
- Price spread: −0.101% → +0.032%
- −$13.22
- Slippage, 4 orders
- −$52.96
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$41.7
- Costs to cover
- 0.680%
- Break-even
- 14.4 days
Slippage from Gate: live order book, 4 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 Gate live order book, 4 min ago | 1.59 bp | 26.4 bp −$26 | 77.3 bp −$773 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 3 min ago | 2.50 bp | 9.8 bp −$10 | 27.8 bp −$278 | 632.2 bp −$63.2K | doesn't fit |
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 | −0.1631% | 1h | 0.2191 | +0.238% | $40K | $372K | 12x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0391% | 1h | 0.2189 | +0.152% | $1.1M | $4.3M | 50x | as long as short |
| 01 Exchange ARBUSD | −0.0344% | 1h | 0.2186 | +0.023% | $7K | $458 | 10x | as long as short |
| SoDEX ARB-USD | −0.0137% | 1h | 0.2188 | +0.091% | $9K | $2.2M | 5x | as long as short |
| OKX ARB-USDT-SWAP | −0.0119% | 8h | 0.2185 | −0.037% | $22.3M | $145.3M | 50x | as long as short |
| MEXC ARB_USDT | −0.0119% | 8h | 0.2183 | −0.133% | $42.5M | $62.7M | 200x | as long as short |
| Gate ARB_USDTlong | −0.0092% | 8h | 0.2186 | long leg | $5.4M | $17.6M | 60x | |
| Bybit ARBUSDT | −0.0055% | 8h | 0.2184 | −0.064% | $53.5M | $124.3M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0032% | 8h | 0.2189 | +0.146% | $16K | $411K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0024% | 1h | 0.2189 | +0.128% | $28K | $37K | 25x | as long as short |
Injective ARB/USDC PERP
Kraken Futures PF_ARBUSD
01 Exchange ARBUSD
SoDEX ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Bybit ARBUSDT
Orderly PERP_ARB_USDC
Deribit ARB_USDC-PERPETUALShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDT | −0.0004% | 8h | 0.2188 | +0.105% | $63.4M | $297.5M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2185 | −0.057% | $64K | $4K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2186 | +0.007% | $359K | $3.0M | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2211 | +1.153% | $73K | — | 150x | as long as short |
| Variational Omni ARB | +0.0023% | 8h | 0.2199 | +0.596% | $1.8M | $3.0M | — | as long as short |
| BloFin ARB-USDT | +0.0025% | 8h | 0.2193 | +0.320% | $3.0M | $2.3M | 75x | as long as short |
| Phemex ARBUSDT | +0.0027% | 8h | 0.2189 | +0.146% | $4.7M | $12.8M | 50x | as long as short |
| BingX ARB-USDT | +0.0056% | 8h | 0.2187 | +0.050% | — | $32.6M | — | as long as short |
| Bitget ARBUSDT | +0.0058% | 8h | 0.2187 | +0.055% | $21.0M | $34.7M | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2189 | +0.161% | $139K | $7K | 3x | as long as short |
| Lighter ARBshort | +0.0096% | 1h | 0.2184 | −0.101% | $1.2M | $5.5M | 15x | |
| Hyperliquid ARB | +0.0100% | 1h | 0.2187 | +0.032% | $35.5M | $51.3M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2186 | −0.007% | $625K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2185 | −0.053% | $43K | $144K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2183 | −0.110% | $19.0M | $13.8M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2202 | +0.746% | $40K | $465K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2203 | +0.792% | $474K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2202 | +0.741% | $119K | $290K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2192 | +0.284% | $73K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2189 | +0.146% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2192 | +0.274% | $296K | $826K | 50x | as long as short |
| Backpack ARB_USDC_PERP | +0.0165% | 1h | 0.2188 | +0.087% | $977K | $2.7M | 20x | as long as short |
| RISEx ARB/USDC | +0.0198% | 1h | 0.2189 | +0.124% | $542K | $2.6M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0159% | 1h | 0.2191 | +0.220% | $829K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0288% | 1h | 0.2192 | +0.281% | $2K | $695 | 20x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0408% | 1h | 0.2193 | +0.329% | $525K | $1.5M | 50x | as long as short |
Binance ARBUSDT
dYdX ARB-USD
Extended ARB-USD
gTrade (Gains Network) ARB/USD
Variational Omni ARB
BloFin ARB-USDT
Phemex ARBUSDT
BingX ARB-USDT
Bitget ARBUSDT
Aevo ARB-PERP
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Backpack ARB_USDC_PERP
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Coinbase International ARB-PERP-INTX