Funding you earn now, next payment 02:00 UTC−0.1780%/8h= −194.9% APRnext payment −$2.22 per $10,000 · paid last 24h −0.522%
Price spread now: Injective against Lighter−0.158%7-day average −0.448% · you buy dearer than you sell
Net, funding: paid 7d − costs−$466as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$1091.090% of the position
Funding, last 7 days−3.566%−$357 on $10k
+Price spread, last 3 days (all we have)+0.199%+$20 · spread now −0.158%, 7d avg −0.448%
=Together, before fees−3.367%+ Points / potential airdropLighter: Season 3 · farm board−$337 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 0.290% dearer against Lighter than usual: you sell high and buy low (spread −0.158% now, against its 7-day average of −0.448%): +$29 on $10k if it goes back. Holding the pair costs −$53 a day in funding at the current rate, which eats that in about 13 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ARB | 0.2213 | 0.0088 | pay 0.0011% / 1h | 42m 26s | $1.2M | $7.4M | 15x |
| Short | Injective ARB/USDC PERP | 0.2210 | −0.1692 | pay 0.0211% / 1h | 42m 26s | $40K | $372K | 12x |
Lighter ARB
Injective ARB/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$373.76
- Price spread: −0.158% → −0.448%
- $28.96
- Slippage, 4 orders
- −$109.02
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$453.84
- Costs to cover
- 1.090%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 11 min ago; Injective: live order book, 27 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, 11 min ago | 2.48 bp | 3.3 bp −$3 | 26.5 bp −$265 | 151.4 bp −$15.1K | doesn't fit |
| Sell Injective live order book, 27 min ago | 50.63 bp | 50.6 bp −$51 | doesn't fit | 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 PERPshort | −0.1692% | 1h | 0.2210 | −0.158% | $40K | $372K | 12x | |
| ApeX Omni ARBUSDT | −0.0493% | 1h | 0.2218 | +0.203% | $120K | $295K | 50x | as long as short |
| 01 Exchange ARBUSD | −0.0224% | 1h | 0.2214 | +0.023% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0184% | 8h | 0.2212 | −0.067% | $1.9M | $2.9M | — | as long as short |
| SoDEX ARB-USD | −0.0182% | 1h | 0.2220 | +0.307% | $10K | $2.5M | 5x | as long as short |
| OKX ARB-USDT-SWAP | −0.0109% | 8h | 0.2215 | +0.081% | $22.4M | $157.4M | 50x | as long as short |
| MEXC ARB_USDT | −0.0105% | 8h | 0.2216 | +0.095% | $36.9M | $59.0M | 200x | as long as short |
| Bybit ARBUSDT | −0.0057% | 8h | 0.2216 | +0.104% | $57.1M | $129.0M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0055% | 8h | 0.2215 | +0.068% | $12K | $381K | 10x | as long as short |
| Gate ARB_USDT | −0.0006% | 8h | 0.2215 | +0.086% | $5.4M | $19.7M | 60x | as long as short |
ApeX Omni ARBUSDT
01 Exchange ARBUSD
Variational Omni ARB
SoDEX ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Bybit ARBUSDT
Orderly PERP_ARB_USDC
Gate ARB_USDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2216 | +0.113% | $66K | $5K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2221 | +0.357% | $24K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2216 | +0.113% | $31K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0007% | 8h | 0.2216 | +0.095% | $64.8M | $318.1M | 75x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2214 | +0.001% | $353K | $2.5M | 25x | as long as short |
| BloFin ARB-USDT | +0.0029% | 8h | 0.2212 | −0.090% | $3.1M | $2.9M | 75x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2217 | +0.144% | $141K | $7K | 3x | as long as short |
| Lighter ARBlong | +0.0088% | 1h | 0.2213 | long leg | $1.2M | $7.4M | 15x | |
| Hyperliquid ARB | +0.0100% | 1h | 0.2218 | +0.194% | $38.2M | $50.5M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2217 | +0.140% | $660K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2216 | +0.102% | $42K | $189K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2217 | +0.172% | $19.6M | $15.9M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2216 | +0.113% | $21.2M | $36.3M | 50x | as long as short |
| BingX ARB-USDC | +0.0100% | 8h | 0.2217 | +0.154% | — | $6.5M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2216 | +0.091% | $40K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2215 | +0.052% | $471K | $3.6M | 10x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2217 | +0.154% | $75K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2221 | +0.339% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2221 | +0.343% | $296K | $1.0M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2219 | +0.248% | $5.0M | $13.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0240% | 1h | 0.2227 | +0.610% | $510K | $2.2M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2216 | +0.125% | $827K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2215 | +0.081% | $2K | $695 | 20x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0311% | 1h | 0.2222 | +0.371% | $1.1M | $4.7M | 50x | as long as short |
| RISEx ARB/USDC | +0.0466% | 1h | 0.2216 | +0.122% | $455K | $2.6M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0538% | 1h | 0.2221 | +0.348% | $1.0M | $2.9M | 20x | as long as short |
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
BloFin ARB-USDT
Aevo ARB-PERP
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDC
edgeX ARBUSDC
GRVT ARB_USDT_Perp
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Kraken Futures PF_ARBUSD
RISEx ARB/USDC
Backpack ARB_USDC_PERP