Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.007%
Price spread now: Lighter against Phemex−0.036%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$460.460% of the position
Funding, last 7 days+0.075%+$7 on $10k
+Price spread, last 4 days (all we have)−0.677%−$68 · spread now −0.036%, 7d avg +0.014%
=Together, before fees−0.602%+ Points / potential airdropLighter: Season 3 · farm board−$60 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 0.050% cheaper against Phemex than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.014%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ARBUSDT | 0.2202 | 0.0100 | pay 0.0100% / 8h | 1h 28m | $4.9M | $12.8M | 50x |
| Short | Lighter ARB | 0.2201 | 0.0096 | get 0.0012% / 1h | 28m 01s | $1.2M | $5.5M | 15x |
Phemex ARBUSDT
Lighter ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Phemex. 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: −0.036% → +0.014%
- −$5
- Slippage, 4 orders
- −$34.01
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$51.85
- Costs to cover
- 0.460%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 6 min ago; Lighter: live order book, 10 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 Phemex live order book, 6 min ago | 6.81 bp | 12.8 bp −$13 | 22.1 bp −$221 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 10 min ago | 0.68 bp | 8.4 bp −$8 | 27.3 bp −$273 | 100.9 bp −$10.1K | 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 | 0.2196 | −0.272% | $40K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0212% | 1h | 0.2201 | −0.041% | $67K | $2.1M | 10x | as long as short |
| 01 Exchange ARBUSD | −0.0112% | 1h | 0.2201 | −0.036% | $7K | $236 | 10x | as long as short |
| SoDEX ARB-USD | −0.0099% | 1h | 0.2201 | −0.054% | $9K | $2.2M | 5x | as long as short |
| OKX ARB-USDT-SWAP | −0.0083% | 8h | 0.2201 | −0.041% | $22.1M | $145.7M | 50x | as long as short |
| MEXC ARB_USDT | −0.0082% | 8h | 0.2201 | −0.064% | $41.6M | $61.9M | 200x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0068% | 1h | 0.2201 | −0.032% | $28K | $38K | 25x | as long as short |
| Variational Omni ARB | −0.0056% | 8h | 0.2205 | +0.135% | $1.8M | $3.0M | — | as long as short |
| Orderly PERP_ARB_USDC | −0.0042% | 8h | 0.2202 | 0.000% | $12K | $406K | 10x | as long as short |
| Bybit ARBUSDT | −0.0014% | 8h | 0.2202 | −0.005% | $54.1M | $126.5M | 50x | 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
Deribit ARB_USDC-PERPETUAL
Variational Omni ARB
Orderly PERP_ARB_USDC
Bybit ARBUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2206 | +0.174% | $65K | $5K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2203 | +0.023% | $44K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0039% | 8h | 0.2201 | −0.032% | $5.4M | $18.4M | 60x | as long as short |
| RISEx ARB/USDC | +0.0056% | 1h | 0.2202 | −0.007% | $473K | $2.6M | 10x | as long as short |
| Bitget ARBUSDT | +0.0061% | 8h | 0.2202 | 0.000% | $21.2M | $34.7M | 50x | as long as short |
| Extended ARB-USD | +0.0072% | 1h | 0.2200 | −0.069% | $352K | $2.8M | 25x | as long as short |
| Binance ARBUSDT | +0.0073% | 8h | 0.2202 | −0.011% | $62.8M | $301.9M | 75x | as long as short |
| BingX ARB-USDC | +0.0083% | 8h | 0.2202 | −0.018% | — | $6.5M | — | as long as short |
| Lighter ARBshort | +0.0096% | 1h | 0.2201 | −0.036% | $1.2M | $5.5M | 15x | |
| Hyperliquid ARB | +0.0100% | 1h | 0.2203 | +0.045% | $37.2M | $49.5M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2204 | +0.077% | $633K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2202 | +0.021% | $43K | $149K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2201 | −0.036% | $19.5M | $14.3M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2204 | +0.111% | $39K | $465K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2206 | +0.181% | $479K | $3.7M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2204 | +0.091% | $119K | $281K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2203 | +0.045% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2201 | −0.041% | $294K | $866K | 50x | as long as short |
| Phemex ARBUSDTlong | +0.0100% | 8h | 0.2202 | long leg | $4.9M | $12.8M | 50x | |
| Aevo ARB-PERP | +0.0104% | 1h | 0.2202 | 0.000% | $140K | $7K | 3x | as long as short |
| BloFin ARB-USDT | +0.0196% | 8h | 0.2202 | +0.014% | $3.1M | $2.3M | 75x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0231% | 1h | 0.2204 | +0.082% | $1.1M | $4.4M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2202 | −0.012% | $831K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2208 | +0.286% | $526K | $1.6M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2202 | +0.002% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0621% | 1h | 0.2204 | +0.104% | $990K | $2.8M | 20x | as long as short |
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
RISEx ARB/USDC
Bitget ARBUSDT
Extended ARB-USD
Binance ARBUSDT
BingX ARB-USDC
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Aevo ARB-PERP
BloFin ARB-USDT
Kraken Futures PF_ARBUSD
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP