Funding you earn now, next payment 00:00 UTC+0.0157%/8h= +17.2% APRnext payment +$0.20 per $10,000 · paid last 24h +0.058%
Price spread now: Lighter against SoDEX+0.101%7-day average +0.029% · 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−$240.239% of the position
Funding, last 3 days (all we have)+0.093%+$9 on $10k
+Price spread, last 3 days (all we have)−0.741%−$74 · spread now +0.101%, 7d avg +0.029%
=Together, before fees−0.649%+ Points / potential airdropLighter: Season 3 · farm board−$65 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Lighter is 0.072% dearer against SoDEX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.029%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX ARB-USD | 0.2274 | −0.0061 | get 0.0008% / 1h | 37m 59s | $4K | $2.6M | 5x |
| Short | Lighter ARB | 0.2276 | 0.0096 | get 0.0012% / 1h | 37m 59s | $1.4M | $7.4M | 15x |
SoDEX ARB-USD
Lighter ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against SoDEX. 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
- $32.95
- Price spread: +0.101% → +0.029%
- $7.18
- Slippage, 4 orders
- −$15.91
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $16.22
- Costs to cover
- 0.239%
- Break-even
- 3.6 days
Slippage from SoDEX: live order book, 1 min ago; Lighter: 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 SoDEX live order book, 1 min ago | 0.22 bp | 5.5 bp −$6 | 18.5 bp −$185 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 2.20 bp | 3.7 bp −$4 | 20.0 bp −$200 | 104.0 bp −$10.4K | 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 | −0.1785% | 1h | 0.2264 | −0.422% | $41K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0306% | 1h | 0.2273 | −0.035% | $75K | $2.0M | 10x | as long as short |
| Variational Omni ARB | −0.0184% | 8h | 0.2272 | −0.089% | $1.9M | $2.7M | — | as long as short |
| Bybit ARBUSDT | −0.0161% | 8h | 0.2273 | −0.040% | $58.5M | $129.0M | 50x | as long as short |
| 01 Exchange ARBUSD | −0.0152% | 1h | 0.2273 | −0.018% | $7K | $2K | 10x | as long as short |
| MEXC ARB_USDT | −0.0111% | 8h | 0.2273 | −0.022% | $38.3M | $59.6M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0111% | 8h | 0.2273 | −0.013% | $23.0M | $160.6M | 50x | as long as short |
| SoDEX ARB-USDlong | −0.0061% | 1h | 0.2274 | long leg | $4K | $2.6M | 5x | |
| Orderly PERP_ARB_USDC | −0.0040% | 8h | 0.2273 | −0.026% | $13K | $395K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2274 | +0.028% | $67K | $4K | 10x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
Variational Omni ARB
Bybit ARBUSDT
01 Exchange ARBUSD
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Orderly PERP_ARB_USDC
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 | 0.2275 | +0.040% | $26K | $32K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2275 | +0.040% | $56K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0005% | 8h | 0.2273 | −0.017% | $66.6M | $314.2M | 75x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2273 | −0.036% | $363K | $2.3M | 25x | as long as short |
| Gate ARB_USDT | +0.0017% | 8h | 0.2273 | −0.035% | $5.5M | $20.2M | 60x | as long as short |
| BloFin ARB-USDT | +0.0022% | 8h | 0.2274 | +0.031% | $3.2M | $2.8M | 75x | as long as short |
| Bitget ARBUSDT | +0.0067% | 8h | 0.2272 | −0.070% | $21.4M | $36.1M | 50x | as long as short |
| BingX ARB-USDC | +0.0071% | 8h | 0.2270 | −0.145% | — | $6.5M | — | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2275 | +0.051% | $149K | $12K | 3x | as long as short |
| Lighter ARBshort | +0.0096% | 1h | 0.2276 | +0.101% | $1.4M | $7.4M | 15x | |
| Hyperliquid ARB | +0.0100% | 1h | 0.2276 | +0.088% | $41.4M | $47.3M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2274 | +0.023% | $708K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2274 | +0.020% | $48K | $185K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2274 | +0.009% | $19.8M | $16.2M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2273 | −0.031% | $40K | $460K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2273 | −0.026% | $485K | $3.7M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2272 | −0.070% | $122K | $295K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2276 | +0.106% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2274 | +0.009% | $290K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2274 | +0.018% | $5.2M | $13.2M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0216% | 1h | 0.2280 | +0.281% | $513K | $2.3M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0235% | 1h | 0.2275 | +0.065% | $1.2M | $4.9M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2273 | −0.024% | $2K | $695 | 20x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0296% / S −0.0186% | 1h | 0.2274 | +0.037% | $930K | — | 150x | as long as short |
| RISEx ARB/USDC | +0.0330% | 1h | 0.2275 | +0.067% | $503K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0459% | 1h | 0.2277 | +0.132% | $930K | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
Gate ARB_USDT
BloFin ARB-USDT
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
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
Kraken Futures PF_ARBUSD
Reya ARBRUSDPERP
GMX ARB/USD [ARB-USDC]
RISEx ARB/USDC
Backpack ARB_USDC_PERP