Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.007%
Price spread now: Lighter against Pacifica−0.080%7-day average +0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$430.432% of the position
Funding, last 7 days−0.037%−$4 on $10k
+Price spread, last 4 days (all we have)+0.081%+$8 · spread now −0.080%, 7d avg +0.022%
=Together, before fees+0.043%+ Points / potential airdropPacifica: Active · Lighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.101% cheaper against Pacifica than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.022%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica ARB | 0.2200 | 0.0100 | pay 0.0013% / 1h | 5m 21s | $43K | $148K | 10x |
| Short | Lighter ARB | 0.2198 | 0.0096 | get 0.0012% / 1h | 5m 21s | $1.2M | $5.5M | 15x |
Pacifica ARB
Lighter ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Pacifica. 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
- −$0.84
- Price spread: −0.080% → +0.022%
- −$10.11
- Slippage, 4 orders
- −$35.16
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$54.11
- Costs to cover
- 0.432%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 37 min ago; Lighter: live order book, 8 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 Pacifica live order book, 37 min ago | 6.54 bp | 11.2 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 8 min ago | 2.04 bp | 9.5 bp −$10 | 20.4 bp −$204 | 98.3 bp −$9,827 | 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 | −0.1592% | 1h | 0.2189 | −0.480% | $39K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0168% | 1h | 0.2198 | −0.066% | $67K | $2.1M | 10x | as long as short |
| 01 Exchange ARBUSD | −0.0160% | 1h | 0.2196 | −0.161% | $7K | $236 | 10x | as long as short |
| SoDEX ARB-USD | −0.0103% | 1h | 0.2197 | −0.120% | $9K | $2.2M | 5x | as long as short |
| OKX ARB-USDT-SWAP | −0.0089% | 8h | 0.2198 | −0.061% | $22.1M | $145.0M | 50x | as long as short |
| MEXC ARB_USDT | −0.0088% | 8h | 0.2198 | −0.057% | $42.3M | $62.4M | 200x | as long as short |
| Variational Omni ARB | −0.0042% | 8h | 0.2196 | −0.145% | $1.8M | $3.0M | — | as long as short |
| Orderly PERP_ARB_USDC | −0.0038% | 8h | 0.2198 | −0.070% | $12K | $408K | 10x | as long as short |
| Bybit ARBUSDT | −0.0009% | 8h | 0.2198 | −0.075% | $54.0M | $126.3M | 50x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2198 | −0.081% | $65K | $5K | 10x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
01 Exchange ARBUSD
SoDEX ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Variational Omni ARB
Orderly PERP_ARB_USDC
Bybit ARBUSDT
dYdX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2198 | −0.084% | $28K | $38K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2199 | −0.040% | $44K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0017% | 8h | 0.2198 | −0.052% | $5.4M | $18.5M | 60x | as long as short |
| Binance ARBUSDT | +0.0030% | 8h | 0.2198 | −0.057% | $62.9M | $301.7M | 75x | as long as short |
| Extended ARB-USD | +0.0032% | 1h | 0.2197 | −0.116% | $350K | $2.9M | 25x | as long as short |
| RISEx ARB/USDC | +0.0056% | 1h | 0.2199 | −0.039% | $485K | $2.6M | 10x | as long as short |
| BingX ARB-USDC | +0.0068% | 8h | 0.2198 | −0.084% | — | $6.5M | — | as long as short |
| Bitget ARBUSDT | +0.0072% | 8h | 0.2198 | −0.070% | $21.2M | $34.7M | 50x | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2199 | −0.029% | $139K | $7K | 3x | as long as short |
| Lighter ARBshort | +0.0096% | 1h | 0.2198 | −0.080% | $1.2M | $5.5M | 15x | |
| Hyperliquid ARB | +0.0100% | 1h | 0.2200 | +0.039% | $37.2M | $49.2M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2199 | −0.044% | $632K | $1.7M | 20x | as long as short |
| Pacifica ARBlong | +0.0100% | 1h | 0.2200 | long leg | $43K | $148K | 10x | |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2198 | −0.061% | $19.5M | $14.2M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2197 | −0.093% | $39K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2199 | −0.026% | $478K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2197 | −0.116% | $119K | $280K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2201 | +0.066% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2198 | −0.066% | $293K | $857K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2197 | −0.116% | $4.9M | $12.8M | 50x | as long as short |
| BloFin ARB-USDT | +0.0141% | 8h | 0.2200 | +0.025% | $3.0M | $2.3M | 75x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0232% | 1h | 0.2198 | −0.054% | $1.1M | $4.4M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2199 | −0.021% | $830K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2204 | +0.189% | $525K | $1.5M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2198 | −0.068% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0586% | 1h | 0.2201 | +0.084% | $989K | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Binance ARBUSDT
Extended ARB-USD
RISEx ARB/USDC
BingX ARB-USDC
Bitget ARBUSDT
Aevo ARB-PERP
Hyperliquid ARB
Aster ARBUSDT
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
Kraken Futures PF_ARBUSD
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP