Funding you earn now, next payment 08:00 UTC−0.0102%/8h= −11.2% APRnext payment −$0.13 per $10,000 · paid last 24h −0.054%
Price spread now: SoDEX against Lighter+0.009%7-day average −0.034% · 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−$22as in the Price arb table
costs, in and out, $10k−$270.267% of the position
Funding, last 3 days (all we have)−0.109%−$11 on $10k
+Price spread, last 4 days (all we have)+0.553%+$55 · spread now +0.009%, 7d avg −0.034%
=Together, before fees+0.445%+ Points / potential airdropLighter: Season 3 · farm board+$44 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SoDEX is 0.044% dearer against Lighter than usual: you sell high and buy low (spread +0.009% now, against its 7-day average of −0.034%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 34 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ARB | 0.2178 | 0.0096 | pay 0.0012% / 1h | 10m 55s | $1.3M | $5.5M | 15x |
| Short | SoDEX ARB-USD | 0.2178 | −0.0006 | pay 0.0001% / 1h | 10m 55s | $9K | $2.2M | 5x |
Lighter ARB
SoDEX ARB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- −$21.47
- Price spread: +0.009% → −0.034%
- $4.35
- Slippage, 4 orders
- −$18.74
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$43.87
- Costs to cover
- 0.267%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 12 min ago; SoDEX: live order book, 3 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, 12 min ago | 1.84 bp | 8.4 bp −$8 | 17.9 bp −$179 | 97.6 bp −$9,756 | doesn't fit |
| Sell SoDEX live order book, 3 min ago | 0.23 bp | 5.7 bp −$6 | 21.6 bp −$216 | 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 | 0.2168 | −0.455% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0192% | 1h | 0.2178 | +0.014% | $7K | $236 | 10x | as long as short |
| MEXC ARB_USDT | −0.0078% | 8h | 0.2178 | +0.023% | $41.6M | $62.7M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0077% | 8h | 0.2178 | +0.005% | $21.9M | $144.2M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0044% | 8h | 0.2178 | +0.005% | $13K | $404K | 10x | as long as short |
| SoDEX ARB-USDshort | −0.0006% | 1h | 0.2178 | +0.009% | $9K | $2.2M | 5x | |
| Binance ARBUSDT | −0.0003% | 8h | 0.2178 | +0.014% | $62.4M | $298.8M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2179 | +0.059% | $64K | $4K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2178 | −0.008% | $347K | $3.1M | 25x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2179 | +0.041% | $28K | $38K | 25x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Orderly PERP_ARB_USDC
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 | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ARB-USD | +0.0003% | 1h | 0.2178 | +0.005% | $76K | $2.1M | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0007% | 1h | 0.2179 | +0.051% | $69K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0019% | 8h | 0.2178 | −0.014% | $5.3M | $18.5M | 60x | as long as short |
| Variational Omni ARB | +0.0024% | 8h | 0.2177 | −0.019% | $1.8M | $3.0M | — | as long as short |
| Bybit ARBUSDT | +0.0025% | 8h | 0.2178 | +0.009% | $53.1M | $125.9M | 50x | as long as short |
| RISEx ARB/USDC | +0.0069% | 1h | 0.2180 | +0.090% | $501K | $2.7M | 10x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2179 | +0.057% | $138K | $7K | 3x | as long as short |
| Bitget ARBUSDT | +0.0087% | 8h | 0.2178 | +0.005% | $21.0M | $34.6M | 50x | as long as short |
| BingX ARB-USDT | +0.0088% | 8h | 0.2178 | +0.014% | — | $33.0M | — | as long as short |
| Kraken Futures PF_ARBUSD | +0.0093% | 1h | 0.2180 | +0.098% | $1.1M | $4.3M | 50x | as long as short |
| Lighter ARBlong | +0.0096% | 1h | 0.2178 | long leg | $1.3M | $5.5M | 15x | |
| Hyperliquid ARB | +0.0100% | 1h | 0.2179 | +0.069% | $36.5M | $49.8M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2179 | +0.043% | $624K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2180 | +0.085% | $43K | $147K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2179 | +0.069% | $19.4M | $13.9M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2179 | +0.056% | $38K | $466K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2181 | +0.130% | $464K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2178 | +0.005% | $118K | $268K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2180 | +0.096% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2181 | +0.133% | $292K | $840K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2178 | +0.005% | $4.8M | $12.7M | 50x | as long as short |
| BloFin ARB-USDT | +0.0117% | 8h | 0.2179 | +0.055% | $2.9M | $2.3M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2179 | +0.038% | $822K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0288% | 1h | 0.2178 | −0.007% | $2K | $695 | 20x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0336% | 1h | 0.2184 | +0.280% | $512K | $1.5M | 50x | as long as short |
| Backpack ARB_USDC_PERP | +0.0453% | 1h | 0.2181 | +0.133% | $980K | $2.9M | 20x | as long as short |
Polymarket Perps ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Variational Omni ARB
Bybit ARBUSDT
RISEx ARB/USDC
Aevo ARB-PERP
Bitget ARBUSDT
BingX ARB-USDT
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
Coinbase International ARB-PERP-INTX
Backpack ARB_USDC_PERP