ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0194%/8h= −21.2% APRnext payment −$0.24 per $10,000 · paid last 24h −0.050%

Price spread now: Lighter against Reya+0.071%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · Lighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.071% dearer against Reya than usual: you sell high and buy low (spread +0.071% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ARBRUSDPERP	0.2219	0.0290	pay 0.0036% / 1h	28m 08s	$2K	$695	20x
Short	Lighter ARB	0.2220	0.0096	get 0.0012% / 1h	28m 08s	$1.2M	$6.4M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Reya. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ReyabpFee LighterbpOrdersPrice spread, now +0.071%Rate

Funding earned: −$40.65
Price spread: +0.071% → 0.000%: $7.12
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$39.53
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Lighter: live order book, 5 min ago. Net counts fees only.

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 Reya no order-book sample	—	—	—	—	—
Sell Lighter live order book, 5 min ago	2.25 bp	4.4 bp −$4	18.9 bp −$189	107.2 bp −$10.7K	doesn't fit

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1577%	1h	0.2212	−0.303%	$40K	$372K	12x	as long as short
Variational Omni ARB	−0.0152%	8h	0.2226	+0.310%	$1.9M	$2.9M	—	as long as short
01 Exchange ARBUSD	−0.0136%	1h	0.2218	−0.042%	$7K	$2K	10x	as long as short
OKX ARB-USDT-SWAP	−0.0135%	8h	0.2220	+0.062%	$22.3M	$150.9M	50x	as long as short
MEXC ARB_USDT	−0.0134%	8h	0.2220	+0.071%	$38.1M	$59.2M	200x	as long as short
SoDEX ARB-USD	−0.0115%	1h	0.2220	+0.062%	$10K	$2.4M	5x	as long as short
Polymarket Perps ARB-USD	−0.0104%	1h	0.2219	+0.004%	$96K	$2.1M	10x	as long as short
Gate ARB_USDT	−0.0101%	8h	0.2220	+0.067%	$5.4M	$19.1M	60x	as long as short
Bybit ARBUSDT	−0.0099%	8h	0.2220	+0.080%	$56.4M	$125.9M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0098%	1h	0.2221	+0.113%	$1.1M	$4.5M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ARB_USDC	−0.0071%	8h	0.2220	+0.058%	$13K	$386K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0020%	1h	0.2221	+0.085%	$24K	$34K	25x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2221	+0.098%	$66K	$5K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0013%	1h	0.2220	+0.076%	$11K	—	150x	as long as short
Binance ARBUSDT	+0.0013%	8h	0.2221	+0.125%	$64.7M	$307.6M	75x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2219	−0.002%	$355K	$2.5M	25x	as long as short
ApeX Omni ARBUSDT	+0.0020%	1h	0.2227	+0.373%	$120K	$283K	50x	as long as short
BloFin ARB-USDT	+0.0053%	8h	0.2222	+0.152%	$3.1M	$2.7M	75x	as long as short
Phemex ARBUSDT	+0.0085%	8h	0.2221	+0.103%	$5.0M	$12.9M	50x	as long as short
Bitget ARBUSDT	+0.0087%	8h	0.2219	+0.013%	$21.2M	$34.7M	50x	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2221	+0.109%	$141K	$7K	3x	as long as short
BingX ARB-USDC	+0.0093%	8h	0.2220	+0.058%	—	$6.5M	—	as long as short
Lighter ARBshort	+0.0096%	1h	0.2220	+0.071%	$1.2M	$6.4M	15x
Hyperliquid ARB	+0.0100%	1h	0.2222	+0.143%	$38.5M	$49.8M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2221	+0.099%	$651K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2220	+0.058%	$42K	$175K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2220	+0.080%	$19.6M	$15.4M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2223	+0.215%	$40K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2228	+0.418%	$483K	$3.6M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2221	+0.103%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2221	+0.125%	$298K	$938K	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2230	+0.508%	$509K	$2.0M	50x	as long as short
RISEx ARB/USDC	+0.0232%	1h	0.2219	+0.024%	$488K	$2.7M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2221	+0.100%	$828K	—	150x	as long as short
Reya ARBRUSDPERPlong	+0.0290%	1h	0.2219	long leg	$2K	$695	20x
Backpack ARB_USDC_PERP	+0.0559%	1h	0.2224	+0.238%	$1.0M	$2.8M	20x	as long as short