Funding you earn now, next payment 22:00 UTC−0.0007%/8h= −0.8% APRpaid last 24h −0.007%
Price spread now: BingX against Lighter+0.072%7-day average −0.105% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$560.561% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 7 days−0.128%−$13 · spread now +0.072%, 7d avg −0.105%
=Together, before fees−0.138%+ Points / potential airdropLighter: Season 3 · farm board−$14 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: BingX is 0.176% dearer against Lighter than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.105%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ARB | 0.2229 | 0.0096 | pay 0.0012% / 1h | 7m 27s | $1.3M | $7.8M | 15x |
| Short | BingX ARB-USDC | 0.2230 | 0.0089 | get 0.0089% / 8h | 2h 07m | — | $6.5M | — |
Lighter ARB
BingX ARB-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Lighter. 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
- −$1.47
- Price spread: +0.072% → −0.105%
- $17.64
- Slippage, 4 orders
- −$46.1
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$39.93
- Costs to cover
- 0.561%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 11 min ago; BingX: live order book, 13 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, 11 min ago | 1.78 bp | 7.8 bp −$8 | 21.4 bp −$214 | 108.8 bp −$10.9K | doesn't fit |
| Sell BingX live order book, 13 min ago | 4.47 bp | 14.4 bp −$14 | 33.5 bp −$335 | 102.3 bp −$10.2K | 654.7 bp −$327.3K |
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 | −0.1675% | 1h | 0.2218 | −0.480% | $40K | $197K | 12x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0288% | 1h | 0.2231 | +0.108% | $38K | $20K | 25x | as long as short |
| 01 Exchange ARBUSD | −0.0272% | 1h | 0.2226 | −0.139% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0159% | 8h | 0.2225 | −0.153% | $1.9M | $2.8M | — | as long as short |
| Bybit ARBUSDT | −0.0137% | 8h | 0.2227 | −0.067% | $56.2M | $135.7M | 50x | as long as short |
| SoDEX ARB-USD | −0.0127% | 1h | 0.2229 | +0.027% | $4K | $2.9M | 5x | as long as short |
| OKX ARB-USDT-SWAP | −0.0110% | 8h | 0.2226 | −0.117% | $22.2M | $163.8M | 50x | as long as short |
| MEXC ARB_USDT | −0.0108% | 8h | 0.2228 | −0.054% | $36.9M | $63.9M | 200x | as long as short |
| Polymarket Perps ARB-USD | −0.0064% | 1h | 0.2226 | −0.099% | $77K | $2.2M | 10x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0053% | 1h | 0.2232 | +0.140% | $1.1M | $5.3M | 50x | as long as short |
Injective ARB/USDC PERP
Deribit ARB_USDC-PERPETUAL
01 Exchange ARBUSD
Variational Omni ARB
Bybit ARBUSDT
SoDEX ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Polymarket Perps ARB-USD
Kraken Futures PF_ARBUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ARB_USDC | −0.0021% | 8h | 0.2231 | +0.103% | $10K | $389K | 10x | as long as short |
| Binance ARBUSDT | −0.0021% | 8h | 0.2227 | −0.093% | $63.4M | $324.6M | 75x | as long as short |
| Extended ARB-USD | −0.0016% | 1h | 0.2226 | −0.121% | $355K | $2.4M | 25x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2230 | +0.057% | $66K | $4K | 10x | as long as short |
| Gate ARB_USDT | +0.0002% | 8h | 0.2228 | −0.049% | $5.5M | $21.6M | 60x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2233 | +0.171% | $57K | — | 150x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2232 | +0.149% | $146K | $12K | 3x | as long as short |
| Bitget ARBUSDT | +0.0089% | 8h | 0.2226 | −0.121% | $20.9M | $38.2M | 50x | as long as short |
| BingX ARB-USDCshort | +0.0089% | 8h | 0.2230 | +0.072% | — | $6.5M | — | |
| Lighter ARBlong | +0.0096% | 1h | 0.2229 | long leg | $1.3M | $7.8M | 15x | |
| Hyperliquid ARB | +0.0100% | 1h | 0.2230 | +0.036% | $39.7M | $52.5M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2231 | +0.093% | $692K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2230 | +0.045% | $45K | $200K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2228 | −0.018% | $20.5M | $16.9M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2231 | +0.094% | $36K | $459K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2231 | +0.104% | $483K | $4.1M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2230 | +0.058% | $121K | $297K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2232 | +0.148% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2230 | +0.058% | $274K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2231 | +0.103% | $5.2M | $13.7M | 50x | as long as short |
| BloFin ARB-USDT | +0.0103% | 8h | 0.2232 | +0.148% | $3.0M | $3.3M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0153% / S −0.0018% | 1h | 0.2232 | +0.158% | $846K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2249 | +0.911% | $504K | $2.5M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2226 | −0.117% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0546% | 1h | 0.2229 | +0.016% | $494K | $2.8M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0554% | 1h | 0.2234 | +0.224% | $1.1M | $2.7M | 20x | as long as short |
Orderly PERP_ARB_USDC
Binance ARBUSDT
Extended ARB-USD
dYdX ARB-USD
Gate ARB_USDT
gTrade (Gains Network) ARB/USD
Aevo ARB-PERP
Bitget ARBUSDT
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
BloFin ARB-USDT
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP