Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.012%

Price spread now: BingX against Lighter−0.018%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$310.308% of the position

Long on Lighter Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 7 days+0.022%+$2 · spread now −0.018%, 7d avg −0.044%

Together, before fees+0.006%+ Points / potential airdropLighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.026% dearer against Lighter than usual: you sell high and buy low (spread −0.018% now, against its 7-day average of −0.044%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.2 days. At the pace of the last 7 days (−0.017% in total) that is about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ARB	0.2186	0.0096	pay 0.0012% / 1h	24m 07s	$1.3M	$5.5M	15x
Short	BingX ARB-USDT	0.2185	0.0056	get 0.0056% / 8h	3h 24m	—	$53.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Lighter. 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 LighterbpFee BingXbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$8.4
Price spread: −0.018% → −0.044%: $2.59
Slippage, 4 orders: −$20.82
Fee Lighter: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$36.63
Costs to cover: 0.308%
Break-even: never at this rate

Slippage from Lighter: live order book, 4 min ago; BingX: live order book, 15 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 Lighter live order book, 4 min ago	1.37 bp	11.1 bp −$11	28.5 bp −$285	108.5 bp −$10.9K	doesn't fit
Sell BingX live order book, 15 min ago	0.91 bp	6.3 bp −$6	7.3 bp −$73	14.2 bp −$1,417	26.4 bp −$13.2K

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	−0.1589%	1h	0.2181	−0.224%	$39K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0179%	1h	0.2186	−0.005%	$69K	$2.1M	10x	as long as short
OKX ARB-USDT-SWAP	−0.0104%	8h	0.2185	−0.018%	$22.0M	$142.0M	50x	as long as short
MEXC ARB_USDT	−0.0101%	8h	0.2186	−0.009%	$41.6M	$60.6M	200x	as long as short
Variational Omni ARB	−0.0099%	8h	0.2188	+0.107%	$1.8M	$3.0M	—	as long as short
Orderly PERP_ARB_USDC	−0.0067%	8h	0.2187	+0.050%	$13K	$407K	10x	as long as short
Bybit ARBUSDT	−0.0061%	8h	0.2185	−0.041%	$55.2M	$123.4M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0050%	1h	0.2186	+0.008%	$1.0M	$4.4M	50x	as long as short
Gate ARB_USDT	−0.0010%	8h	0.2186	+0.005%	$5.3M	$18.1M	60x	as long as short
01 Exchange ARBUSD	−0.0008%	1h	0.2189	+0.133%	$7K	$2K	10x	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	0.2191	+0.214%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2186	+0.023%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2187	+0.041%	$44K	—	150x	as long as short
Extended ARB-USD	+0.0040%	1h	0.2185	−0.053%	$349K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0044%	8h	0.2186	+0.023%	$63.7M	$299.2M	75x	as long as short
Bitget ARBUSDT	+0.0053%	8h	0.2184	−0.087%	$20.7M	$33.8M	50x	as long as short
BingX ARB-USDTshort	+0.0056%	8h	0.2185	−0.018%	—	$53.6M	—
Lighter ARBlong	+0.0096%	1h	0.2186	long leg	$1.3M	$5.5M	15x
Aevo ARB-PERP	+0.0096%	1h	0.2188	+0.090%	$139K	$7K	3x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2188	+0.087%	$37.3M	$48.3M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2187	+0.071%	$630K	$1.5M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2189	+0.146%	$42K	$159K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2186	+0.018%	$19.5M	$14.5M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2188	+0.090%	$38K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2194	+0.371%	$472K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2189	+0.142%	$118K	$283K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2188	+0.096%	$2K	$1.1M	30x	as long as short
SoDEX ARB-USD	+0.0100%	1h	0.2185	−0.023%	$10K	$2.2M	5x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2188	+0.087%	$297K	$882K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2186	+0.005%	$4.9M	$12.8M	50x	as long as short
RISEx ARB/USDC	+0.0118%	1h	0.2189	+0.137%	$468K	$2.6M	10x	as long as short
BloFin ARB-USDT	+0.0162%	8h	0.2189	+0.160%	$3.1M	$2.5M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0256%	1h	0.2194	+0.371%	$494K	$1.6M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2187	+0.061%	$825K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2185	−0.045%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0544%	1h	0.2189	+0.124%	$984K	$2.8M	20x	as long as short