ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h −0.010%

Price spread now: Aevo against Lighter+0.077%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs−$131as in the Price arb table

costs, in and out, $10k−$1351.353% of the position

Long on Lighter Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 3 days (all we have)+0.546%+$55 · spread now +0.077%, 7d avg +0.031%

Together, before fees+0.563%+ Points / potential airdropLighter: Season 3 · farm board+$56 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aevo is 0.046% dearer against Lighter than usual: you sell high and buy low (spread +0.077% now, against its 7-day average of +0.031%): +$5 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 9.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ARB	0.2221	0.0096	pay 0.0012% / 1h	57m 01s	$1.2M	$6.4M	15x
Short	Aevo ARB-PERP	0.2223	0.0080	get 0.0010% / 1h	57m 01s	$141K	$7K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Lighter. 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 LighterbpFee AevobpOrdersPrice spread, now +0.077%Rate

Funding earned: −$3.36
Price spread: +0.077% → +0.031%: $4.6
Slippage, 4 orders: −$119.33
Fee Lighter: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$134.09
Costs to cover: 1.353%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 min ago; Aevo: live order book, 7 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 Lighter live order book, 6 min ago	1.57 bp	13.3 bp −$13	28.2 bp −$282	109.9 bp −$11.0K	doesn't fit
Sell Aevo live order book, 7 min ago	31.43 bp	60.4 bp −$60	doesn't fit	doesn't fit	doesn't fit

ARB on 35 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	0.2218	−0.126%	$40K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0335%	1h	0.2219	−0.095%	$86K	$2.1M	10x	as long as short
Variational Omni ARB	−0.0151%	8h	0.2224	+0.124%	$1.9M	$2.9M	—	as long as short
OKX ARB-USDT-SWAP	−0.0138%	8h	0.2223	+0.095%	$22.4M	$153.8M	50x	as long as short
MEXC ARB_USDT	−0.0137%	8h	0.2221	+0.014%	$38.8M	$58.9M	200x	as long as short
01 Exchange ARBUSD	−0.0128%	1h	0.2217	−0.153%	$7K	$2K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0110%	1h	0.2221	+0.032%	$24K	$34K	25x	as long as short
Kraken Futures PF_ARBUSD	−0.0098%	1h	0.2222	+0.044%	$1.1M	$4.6M	50x	as long as short
SoDEX ARB-USD	−0.0094%	1h	0.2221	0.000%	$10K	$2.4M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0070%	8h	0.2222	+0.054%	$13K	$382K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ARB_USDT	−0.0063%	8h	0.2221	+0.032%	$5.4M	$18.9M	60x	as long as short
Bybit ARBUSDT	−0.0057%	8h	0.2224	+0.126%	$56.6M	$127.2M	50x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2219	−0.079%	$66K	$5K	10x	as long as short
Binance ARBUSDT	+0.0005%	8h	0.2224	+0.162%	$64.8M	$311.5M	75x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0012%	1h	0.2222	+0.059%	$10K	—	150x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2222	+0.058%	$353K	$2.5M	25x	as long as short
Aevo ARB-PERPshort	+0.0080%	1h	0.2223	+0.077%	$141K	$7K	3x
Lighter ARBlong	+0.0096%	1h	0.2221	long leg	$1.2M	$6.4M	15x
Hyperliquid ARB	+0.0100%	1h	0.2222	+0.072%	$38.6M	$51.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2223	+0.106%	$660K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2218	−0.128%	$42K	$179K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2221	−0.005%	$19.6M	$15.6M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2224	+0.144%	$21.2M	$35.4M	50x	as long as short
BingX ARB-USDC	+0.0100%	8h	0.2222	+0.068%	—	$6.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2223	+0.118%	$40K	$464K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2229	+0.374%	$482K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2228	+0.324%	$120K	$285K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2223	+0.099%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2221	+0.023%	$298K	$973K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2220	−0.036%	$5.0M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2227	+0.279%	$509K	$2.1M	50x	as long as short
RISEx ARB/USDC	+0.0232%	1h	0.2220	−0.059%	$488K	$2.7M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2222	+0.067%	$828K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2218	−0.109%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0386%	1h	0.2225	+0.171%	$1.0M	$2.8M	20x	as long as short