Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.012%

Price spread now: Bitget against Lighter−0.036%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$390.391% of the position

Long on Lighter Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 7 days+0.001%$0 · spread now −0.036%, 7d avg −0.046%

Together, before fees−0.056%+ Points / potential airdropLighter: Season 3 · farm board−$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ARB	0.2223	0.0096	pay 0.0012% / 1h	1m 34s	$1.2M	$7.4M	15x
Short	Bitget ARBUSDT	0.2222	0.0100	get 0.0100% / 8h	6h 01m	$21.2M	$35.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.036%Rate

Funding earned: $0.84
Price spread: −0.036% → −0.046%: $0.98
Slippage, 4 orders: −$27.12
Fee Lighter: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$37.3
Costs to cover: 0.391%
Break-even: 317.8 days

Slippage from Lighter: live order book, 7 min ago; Bitget: live order book, 2 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, 7 min ago	2.93 bp	10.7 bp −$11	18.7 bp −$187	85.5 bp −$8,549	doesn't fit
Sell Bitget live order book, 2 min ago	2.25 bp	15.6 bp −$16	27.6 bp −$276	141.0 bp −$14.1K	doesn't fit

ARB on 35 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	−0.1692%	1h	0.2212	−0.486%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0208%	1h	0.2223	+0.027%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0206%	1h	0.2222	−0.018%	$10K	$2.4M	5x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0200%	1h	0.2223	+0.013%	$24K	$34K	25x	as long as short
Variational Omni ARB	−0.0156%	8h	0.2220	−0.141%	$1.9M	$2.9M	—	as long as short
OKX ARB-USDT-SWAP	−0.0132%	8h	0.2222	−0.022%	$22.4M	$154.5M	50x	as long as short
MEXC ARB_USDT	−0.0131%	8h	0.2222	−0.045%	$38.9M	$60.3M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0070%	8h	0.2225	+0.099%	$12K	$383K	10x	as long as short
Bybit ARBUSDT	−0.0041%	8h	0.2222	−0.049%	$56.6M	$127.9M	50x	as long as short
Gate ARB_USDT	−0.0040%	8h	0.2223	0.000%	$5.4M	$20.0M	60x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2225	+0.079%	$66K	$5K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2221	−0.060%	$353K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0003%	8h	0.2223	−0.013%	$64.7M	$314.8M	75x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0011%	1h	0.2227	+0.175%	$10K	—	150x	as long as short
ApeX Omni ARBUSDT	+0.0076%	1h	0.2220	−0.126%	$120K	$285K	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2224	+0.045%	$141K	$7K	3x	as long as short
Phemex ARBUSDT	+0.0084%	8h	0.2222	−0.036%	$5.0M	$13.0M	50x	as long as short
Lighter ARBlong	+0.0096%	1h	0.2223	long leg	$1.2M	$7.4M	15x
Hyperliquid ARB	+0.0100%	1h	0.2224	+0.054%	$38.7M	$51.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2223	+0.030%	$660K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2222	−0.015%	$42K	$183K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2223	+0.013%	$19.6M	$15.7M	75x	as long as short
Bitget ARBUSDTshort	+0.0100%	8h	0.2222	−0.036%	$21.2M	$35.9M	50x
BingX ARB-USDC	+0.0100%	8h	0.2221	−0.063%	—	$6.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2225	+0.100%	$40K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2226	+0.138%	$482K	$3.6M	10x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2226	+0.130%	$97K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2227	+0.189%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2224	+0.054%	$298K	$983K	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0240%	1h	0.2227	+0.198%	$509K	$2.1M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2227	+0.177%	$831K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2225	+0.086%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0311%	1h	0.2224	+0.073%	$1.1M	$4.7M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2225	+0.088%	$490K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0548%	1h	0.2226	+0.157%	$1.0M	$2.8M	20x	as long as short