Funding you earn now, next payment 06:00 UTC−0.0181%/8h= −19.9% APRnext payment −$0.23 per $10,000 · paid last 24h −0.035%
Price spread now: Lighter against GMX−0.088%7-day average −0.003% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.163%−$16 on $10k
+Price spread, last 4 days (all we have)−0.346%−$35 · spread now −0.088%, 7d avg −0.003%
=Together, before fees−0.509%+ Points / potential airdropLighter: Season 3 · farm board−$51 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Lighter is 0.085% cheaper against GMX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.003%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ARB/USD [ARB-USDC] | 0.2187 | L +0.0277% / S −0.0160% | pay 0.0035% / 1h | 50m 02s | $831K | — | 150x |
| Short | Lighter ARB | 0.2185 | 0.0096 | get 0.0012% / 1h | 50m 02s | $1.2M | $5.5M | 15x |
GMX ARB/USD [ARB-USDC]
Lighter ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against GMX. 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
- −$38.08
- Price spread: −0.088% → −0.003%
- −$8.52
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$58.6
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Lighter: live order book, 3 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 GMX no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 3 min ago | 0.91 bp | 11.1 bp −$11 | 29.3 bp −$293 | 106.1 bp −$10.6K | doesn't fit |
GMX: 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 | 0.2178 | −0.390% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0200% | 1h | 0.2186 | −0.024% | $7K | $236 | 10x | as long as short |
| Polymarket Perps ARB-USD | −0.0160% | 1h | 0.2186 | −0.024% | $73K | $2.1M | 10x | as long as short |
| Variational Omni ARB | −0.0100% | 8h | 0.2184 | −0.094% | $1.8M | $3.0M | — | as long as short |
| OKX ARB-USDT-SWAP | −0.0094% | 8h | 0.2185 | −0.088% | $21.7M | $142.7M | 50x | as long as short |
| MEXC ARB_USDT | −0.0093% | 8h | 0.2185 | −0.083% | $41.1M | $60.1M | 200x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0074% | 1h | 0.2186 | −0.022% | $1.1M | $4.4M | 50x | as long as short |
| Bybit ARBUSDT | −0.0074% | 8h | 0.2183 | −0.161% | $54.3M | $123.8M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0059% | 8h | 0.2186 | −0.024% | $12K | $408K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2186 | −0.042% | $65K | $5K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Polymarket Perps ARB-USD
Variational Omni ARB
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Kraken Futures PF_ARBUSD
Bybit ARBUSDT
Orderly PERP_ARB_USDC
dYdX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2186 | −0.010% | $24K | $31K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2187 | +0.001% | $44K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0028% | 8h | 0.2185 | −0.056% | $5.4M | $18.1M | 60x | as long as short |
| Bitget ARBUSDT | +0.0046% | 8h | 0.2184 | −0.115% | $20.8M | $34.2M | 50x | as long as short |
| BingX ARB-USDC | +0.0071% | 8h | 0.2188 | +0.072% | — | $6.5M | — | as long as short |
| Extended ARB-USD | +0.0072% | 1h | 0.2184 | −0.095% | $348K | $2.8M | 25x | as long as short |
| Binance ARBUSDT | +0.0075% | 8h | 0.2185 | −0.071% | $62.7M | $300.4M | 75x | as long as short |
| RISEx ARB/USDC | +0.0086% | 1h | 0.2187 | +0.017% | $449K | $2.6M | 10x | as long as short |
| Lighter ARBshort | +0.0096% | 1h | 0.2185 | −0.088% | $1.2M | $5.5M | 15x | |
| Aevo ARB-PERP | +0.0096% | 1h | 0.2187 | +0.022% | $139K | $7K | 3x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2186 | −0.015% | $36.9M | $48.5M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2186 | −0.028% | $630K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2185 | −0.056% | $42K | $160K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2186 | −0.010% | $19.5M | $14.5M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2185 | −0.048% | $39K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2185 | −0.070% | $465K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2188 | +0.068% | $118K | $283K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2190 | +0.159% | $1K | $1.1M | 30x | as long as short |
| SoDEX ARB-USD | +0.0100% | 1h | 0.2185 | −0.074% | $10K | $2.2M | 5x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2186 | −0.019% | $290K | $894K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2184 | −0.115% | $4.9M | $12.6M | 50x | as long as short |
| BloFin ARB-USDT | +0.0195% | 8h | 0.2185 | −0.065% | $3.0M | $2.5M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC]long | L +0.0277% / S −0.0160% | 1h | 0.2187 | long leg | $831K | — | 150x | |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2190 | +0.159% | $502K | $1.6M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2186 | −0.033% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0704% | 1h | 0.2188 | +0.077% | $982K | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Bitget ARBUSDT
BingX ARB-USDC
Extended ARB-USD
Binance ARBUSDT
RISEx ARB/USDC
Aevo ARB-PERP
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
SoDEX ARB-USD
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP