Funding you earn now, next payment 05:00 UTC+0.0022%/8h= +2.4% APRnext payment +$0.03 per $10,000 · paid last 24h +0.039%
Price spread now: RISEx against Lighter+0.113%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$280.276% of the position
Funding, last 4 days (all we have)+0.282%+$28 on $10k
+Price spread, last 5 days (all we have)−0.242%−$24 · spread now +0.113%, 7d avg +0.012%
=Together, before fees+0.041%+ Points / potential airdropLighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and RISEx is 0.102% dearer against Lighter than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ARB | 0.2191 | 0.0096 | pay 0.0012% / 1h | 44m 22s | $1.2M | $5.5M | 15x |
| Short | RISEx ARB/USDC | 0.2193 | 0.0118 | get 0.0015% / 1h | 44m 22s | $479K | $2.6M | 10x |
Lighter ARB
RISEx ARB/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $4.68
- Price spread: +0.113% → +0.012%
- $10.16
- Slippage, 4 orders
- −$21.59
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$12.75
- Costs to cover
- 0.276%
- Break-even
- 26.1 days
Slippage from Lighter: live order book, 9 min ago; RISEx: live order book, 5 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, 9 min ago | 2.73 bp | 13.3 bp −$13 | 28.8 bp −$288 | 101.9 bp −$10.2K | doesn't fit |
| Sell RISEx live order book, 5 min ago | 1.14 bp | 4.1 bp −$4 | 16.9 bp −$169 | 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 | −0.1589% | 1h | 0.2179 | −0.530% | $39K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0223% | 1h | 0.2191 | +0.027% | $71K | $2.1M | 10x | as long as short |
| MEXC ARB_USDT | −0.0113% | 8h | 0.2192 | +0.078% | $41.9M | $60.3M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0111% | 8h | 0.2192 | +0.073% | $22.1M | $143.1M | 50x | as long as short |
| Variational Omni ARB | −0.0102% | 8h | 0.2189 | −0.052% | $1.8M | $2.9M | — | as long as short |
| Orderly PERP_ARB_USDC | −0.0073% | 8h | 0.2192 | +0.064% | $12K | $408K | 10x | as long as short |
| Bybit ARBUSDT | −0.0061% | 8h | 0.2191 | +0.027% | $55.3M | $123.7M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0050% | 1h | 0.2192 | +0.065% | $1.1M | $4.4M | 50x | as long as short |
| Gate ARB_USDT | −0.0044% | 8h | 0.2192 | +0.059% | $5.3M | $18.0M | 60x | as long as short |
| 01 Exchange ARBUSD | −0.0024% | 1h | 0.2193 | +0.105% | $7K | $2K | 10x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Variational Omni ARB
Orderly PERP_ARB_USDC
Bybit ARBUSDT
Kraken Futures PF_ARBUSD
Gate ARB_USDT
01 Exchange ARBUSDShow 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 | 0.000% | $65K | $5K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2192 | +0.059% | $24K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2192 | +0.084% | $32K | — | 150x | as long as short |
| Extended ARB-USD | +0.0024% | 1h | 0.2191 | 0.000% | $349K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0028% | 8h | 0.2193 | +0.095% | $63.7M | $299.4M | 75x | as long as short |
| Bitget ARBUSDT | +0.0057% | 8h | 0.2191 | +0.018% | $20.8M | $34.1M | 50x | as long as short |
| BingX ARB-USDC | +0.0058% | 8h | 0.2191 | +0.027% | — | $6.5M | — | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2192 | +0.060% | $139K | $7K | 3x | as long as short |
| Lighter ARBlong | +0.0096% | 1h | 0.2191 | long leg | $1.2M | $5.5M | 15x | |
| Hyperliquid ARB | +0.0100% | 1h | 0.2193 | +0.128% | $37.6M | $48.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2192 | +0.073% | $631K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2190 | −0.005% | $42K | $159K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2193 | +0.087% | $19.5M | $14.7M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2191 | +0.040% | $38K | $465K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2192 | +0.057% | $473K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2192 | +0.064% | $118K | $283K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2191 | +0.018% | $1K | $1.1M | 30x | as long as short |
| SoDEX ARB-USD | +0.0100% | 1h | 0.2191 | +0.032% | $10K | $2.2M | 5x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2190 | −0.027% | $297K | $885K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2190 | −0.027% | $4.9M | $12.8M | 50x | as long as short |
| BloFin ARB-USDT | +0.0102% | 8h | 0.2192 | +0.050% | $3.1M | $2.5M | 75x | as long as short |
| RISEx ARB/USDCshort | +0.0118% | 1h | 0.2193 | +0.113% | $479K | $2.6M | 10x | |
| Coinbase International ARB-PERP-INTX | +0.0256% | 1h | 0.2192 | +0.082% | $492K | $1.7M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2193 | +0.108% | $827K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2191 | +0.012% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0495% | 1h | 0.2194 | +0.160% | $987K | $2.8M | 20x | as long as short |
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Binance ARBUSDT
Bitget ARBUSDT
BingX 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
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP