Funding you earn now, next payment 07:00 UTC+0.0240%/8h= +26.3% APRnext payment +$0.30 per $10,000 · paid last 24h +0.071%
Price spread now: Coinbase International against Lighter+0.293%7-day average +0.136% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$490.495% of the position
Funding, last 7 days+0.296%+$30 on $10k
+Price spread, last 4 days (all we have)+0.364%+$36 · spread now +0.293%, 7d avg +0.136%
=Together, before fees+0.660%+ Points / potential airdropLighter: Season 3 · farm board+$66 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Coinbase International is 0.157% dearer against Lighter than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.136%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ARB | 0.2182 | 0.0096 | pay 0.0012% / 1h | 17m 27s | $1.3M | $5.5M | 15x |
| Short | Coinbase International ARB-PERP-INTX | 0.2188 | 0.0336 | get 0.0042% / 1h | 17m 27s | $513K | $1.5M | 50x |
Lighter ARB
Coinbase International ARB-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Lighter. 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
- $50.4
- Price spread: +0.293% → +0.136%
- $15.7
- Slippage, 4 orders
- −$39.5
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $16.6
- Costs to cover
- 0.495%
- Break-even
- 4.7 days
Slippage from Lighter: live order book, 6 min ago; Coinbase International: live order book, 1 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, 6 min ago | 1.84 bp | 8.4 bp −$8 | 17.9 bp −$179 | 97.6 bp −$9,756 | doesn't fit |
| Sell Coinbase International live order book, 1 min ago | 6.86 bp | 18.3 bp −$18 | 34.7 bp −$347 | doesn't fit | 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 | −0.1612% | 1h | 0.2164 | −0.807% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0200% | 1h | 0.2182 | +0.014% | $7K | $236 | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0080% | 8h | 0.2181 | −0.009% | $21.9M | $144.5M | 50x | as long as short |
| MEXC ARB_USDT | −0.0079% | 8h | 0.2182 | +0.018% | $41.7M | $62.7M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0045% | 8h | 0.2183 | +0.064% | $13K | $404K | 10x | as long as short |
| Polymarket Perps ARB-USD | −0.0004% | 1h | 0.2182 | +0.009% | $76K | $2.1M | 10x | as long as short |
| Binance ARBUSDT | −0.0004% | 8h | 0.2183 | +0.048% | $62.6M | $300.1M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2183 | +0.065% | $65K | $5K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2182 | −0.001% | $347K | $3.1M | 25x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2185 | +0.170% | $28K | $38K | 25x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Orderly PERP_ARB_USDC
Polymarket Perps ARB-USD
Binance ARBUSDT
dYdX ARB-USD
Extended ARB-USD
Deribit ARB_USDC-PERPETUALShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX ARB-USD | +0.0003% | 1h | 0.2183 | +0.087% | $9K | $2.2M | 5x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0007% | 1h | 0.2183 | +0.086% | $69K | — | 150x | as long as short |
| Variational Omni ARB | +0.0011% | 8h | 0.2172 | −0.455% | $1.8M | $3.0M | — | as long as short |
| Bybit ARBUSDT | +0.0019% | 8h | 0.2182 | +0.037% | $53.2M | $126.1M | 50x | as long as short |
| Gate ARB_USDT | +0.0019% | 8h | 0.2182 | +0.041% | $5.4M | $18.5M | 60x | as long as short |
| RISEx ARB/USDC | +0.0069% | 1h | 0.2183 | +0.078% | $500K | $2.7M | 10x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2184 | +0.121% | $139K | $7K | 3x | as long as short |
| BingX ARB-USDT | +0.0085% | 8h | 0.2182 | +0.023% | — | $33.0M | — | as long as short |
| Bitget ARBUSDT | +0.0087% | 8h | 0.2181 | −0.028% | $21.1M | $34.7M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0093% | 1h | 0.2186 | +0.184% | $1.1M | $4.3M | 50x | as long as short |
| Lighter ARBlong | +0.0096% | 1h | 0.2182 | long leg | $1.3M | $5.5M | 15x | |
| Hyperliquid ARB | +0.0100% | 1h | 0.2183 | +0.069% | $36.8M | $49.6M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2184 | +0.121% | $625K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2184 | +0.105% | $43K | $147K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2183 | +0.069% | $19.4M | $13.9M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2175 | −0.322% | $38K | $465K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2176 | −0.275% | $467K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2174 | −0.348% | $117K | $279K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2187 | +0.248% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2184 | +0.115% | $292K | $840K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2182 | +0.018% | $4.8M | $12.7M | 50x | as long as short |
| BloFin ARB-USDT | +0.0114% | 8h | 0.2178 | −0.170% | $3.0M | $2.3M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2186 | +0.187% | $825K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0288% | 1h | 0.2181 | −0.026% | $2K | $695 | 20x | as long as short |
| Coinbase International ARB-PERP-INTXshort | +0.0336% | 1h | 0.2188 | +0.293% | $513K | $1.5M | 50x | |
| Backpack ARB_USDC_PERP | +0.0488% | 1h | 0.2187 | +0.257% | $982K | $2.9M | 20x | as long as short |
SoDEX ARB-USD
gTrade (Gains Network) ARB/USD
Variational Omni ARB
Bybit ARBUSDT
Gate ARB_USDT
RISEx ARB/USDC
Aevo ARB-PERP
BingX ARB-USDT
Bitget ARBUSDT
Kraken Futures PF_ARBUSD
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP