Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0007%/8h= −0.8% APRpaid last 24h 0.000%

Price spread now: Lighter against BloFin−0.050%90s7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$370.371% of the position

Long on BloFin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.071%−$7 on $10k

Price spread, last 4 days (all we have)−0.908%−$91 · spread now −0.050%, 7d avg +0.023%

Together, before fees−0.978%+ Points / potential airdropLighter: Season 3 · farm board−$98 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 0.073% cheaper against BloFin than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.023%. The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ARB-USDT	0.2210	0.0103	pay 0.0103% / 8h	4h 15m	$3.1M	$2.6M	75x
Short	Lighter ARB	0.2209	0.0096	get 0.0012% / 1h	15m 31s	$1.2M	$5.8M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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 BloFinbpFee LighterbpOrdersPrice spread, now −0.050%Rate

Funding earned: −$1.48
Price spread: −0.050% → +0.023%: −$7.3
Slippage, 4 orders: −$25.06
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$45.84
Costs to cover: 0.371%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 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 BloFin live order book, 3 min ago	0.90 bp	7.1 bp −$7	14.6 bp −$146	doesn't fit	doesn't fit
Sell Lighter live order book, 8 min ago	2.03 bp	8.3 bp −$8	17.4 bp −$174	94.3 bp −$9,429	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	−0.1649%	1h	0.2199	−0.484%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0168%	1h	0.2210	+0.023%	$7K	$2K	10x	as long as short
Polymarket Perps ARB-USD	−0.0138%	1h	0.2207	−0.122%	$87K	$2.2M	10x	as long as short
MEXC ARB_USDT	−0.0125%	8h	0.2208	−0.054%	$41.9M	$60.8M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0124%	8h	0.2209	−0.023%	$22.3M	$149.0M	50x	as long as short
Variational Omni ARB	−0.0098%	8h	0.2206	−0.151%	$1.8M	$2.9M	—	as long as short
Orderly PERP_ARB_USDC	−0.0073%	8h	0.2208	−0.077%	$12K	$397K	10x	as long as short
Gate ARB_USDT	−0.0054%	8h	0.2210	−0.009%	$5.3M	$18.8M	60x	as long as short
Bybit ARBUSDT	−0.0028%	8h	0.2210	−0.009%	$55.8M	$127.1M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0006%	1h	0.2209	−0.049%	$1.1M	$4.4M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2210	−0.005%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2209	−0.041%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2208	−0.058%	$32K	—	150x	as long as short
Extended ARB-USD	+0.0024%	1h	0.2208	−0.064%	$354K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0026%	8h	0.2211	+0.041%	$64.3M	$307.6M	75x	as long as short
SoDEX ARB-USD	+0.0031%	1h	0.2208	−0.086%	$10K	$2.3M	5x	as long as short
Bitget ARBUSDT	+0.0068%	8h	0.2208	−0.077%	$21.0M	$34.8M	50x	as long as short
BingX ARB-USDT	+0.0069%	8h	0.2210	−0.005%	—	$53.9M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2209	−0.045%	$140K	$7K	3x	as long as short
Lighter ARBshort	+0.0096%	1h	0.2209	−0.050%	$1.2M	$5.8M	15x
Hyperliquid ARB	+0.0100%	1h	0.2210	+0.032%	$37.9M	$48.9M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2208	−0.061%	$636K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2209	−0.027%	$43K	$169K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2209	−0.027%	$19.6M	$15.0M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2210	+0.024%	$40K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2212	+0.090%	$478K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2211	+0.059%	$119K	$284K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2210	+0.014%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2208	−0.068%	$300K	$948K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2209	−0.032%	$5.0M	$13.0M	50x	as long as short
BloFin ARB-USDTlong	+0.0103%	8h	0.2210	long leg	$3.1M	$2.6M	75x
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2216	+0.285%	$492K	$2.0M	50x	as long as short
RISEx ARB/USDC	+0.0225%	1h	0.2211	+0.063%	$471K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2209	−0.053%	$833K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2207	−0.142%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0632%	1h	0.2211	+0.050%	$996K	$2.8M	20x	as long as short