ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0091%/8h= +10.0% APRnext payment +$0.11 per $10,000 · paid last 24h +0.035%

Price spread now: Lighter against gTrade (Gains Network)−0.135%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)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 airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.135% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.135% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 4.9 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ARB/USD	0.2281	L +0.0005% / S −0.0005%	pay 0.0001% / 1h	45m 33s	$56K	—	150x
Short	Lighter ARB	0.2278	0.0096	get 0.0012% / 1h	45m 33s	$1.4M	$7.4M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee LighterbpOrdersPrice spread, now −0.135%Rate

Funding earned: $19.19
Price spread: −0.135% → 0.000%: −$13.51
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$4.31
Costs to cover: 0.100%
Break-even: 8.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Lighter: live order book, 8 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Lighter live order book, 8 min ago	2.84 bp	14.5 bp −$14	28.6 bp −$286	116.8 bp −$11.7K	doesn't fit

gTrade (Gains Network): 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	−0.1785%	1h	0.2281	+0.018%	$41K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0295%	1h	0.2275	−0.236%	$79K	$2.0M	10x	as long as short
Variational Omni ARB	−0.0182%	8h	0.2292	+0.504%	$1.9M	$2.7M	—	as long as short
01 Exchange ARBUSD	−0.0160%	1h	0.2276	−0.223%	$7K	$2K	10x	as long as short
Bybit ARBUSDT	−0.0160%	8h	0.2275	−0.262%	$58.6M	$129.2M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0108%	8h	0.2276	−0.223%	$23.0M	$161.2M	50x	as long as short
MEXC ARB_USDT	−0.0107%	8h	0.2275	−0.236%	$38.3M	$59.5M	200x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0101%	1h	0.2279	−0.078%	$26K	$32K	25x	as long as short
SoDEX ARB-USD	−0.0066%	1h	0.2278	−0.118%	$4K	$2.6M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0041%	8h	0.2279	−0.069%	$13K	$398K	10x	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	0.2278	−0.126%	$67K	$4K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2274	−0.301%	$363K	$2.3M	25x	as long as short
Binance ARBUSDT	+0.0002%	8h	0.2276	−0.201%	$66.5M	$314.8M	75x	as long as short
gTrade (Gains Network) ARB/USDlong	L +0.0005% / S −0.0005%	1h	0.2281	long leg	$56K	—	150x
BloFin ARB-USDT	+0.0028%	8h	0.2284	+0.163%	$3.1M	$2.7M	75x	as long as short
Gate ARB_USDT	+0.0029%	8h	0.2276	−0.201%	$5.5M	$20.1M	60x	as long as short
BingX ARB-USDT	+0.0068%	8h	0.2274	−0.275%	—	$53.4M	—	as long as short
Bitget ARBUSDT	+0.0070%	8h	0.2275	−0.245%	$21.5M	$36.7M	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2280	−0.038%	$149K	$12K	3x	as long as short
Lighter ARBshort	+0.0096%	1h	0.2278	−0.135%	$1.4M	$7.4M	15x
Hyperliquid ARB	+0.0100%	1h	0.2279	−0.074%	$41.4M	$48.0M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2277	−0.153%	$709K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2278	−0.131%	$48K	$187K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2277	−0.175%	$19.8M	$16.3M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2299	+0.795%	$41K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2299	+0.827%	$490K	$3.7M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2286	+0.238%	$123K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2283	+0.106%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2279	−0.056%	$294K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2282	+0.062%	$5.3M	$13.3M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0216%	1h	0.2282	+0.062%	$513K	$2.3M	50x	as long as short
Kraken Futures PF_ARBUSD	+0.0235%	1h	0.2280	−0.045%	$1.2M	$4.9M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0283% / S −0.0168%	1h	0.2281	+0.009%	$885K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2275	−0.240%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0330%	1h	0.2277	−0.143%	$503K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0494%	1h	0.2280	−0.039%	$933K	$2.8M	20x	as long as short