Funding you earn now, next payment 23:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h −0.025%
Price spread now: Extended against Lighter−0.156%7-day average −0.113% · you buy dearer than you sell
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$550.553% of the position
Funding, last 7 days−0.093%−$9 on $10k
+Price spread, last 7 days+0.063%+$6 · spread now −0.156%, 7d avg −0.113%
=Together, before fees−0.030%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Extended is 0.043% cheaper against Lighter than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.113%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ARB | 0.2245 | 0.0096 | pay 0.0012% / 1h | 15m 00s | $1.3M | $7.4M | 15x |
| Short | Extended ARB-USD | 0.2241 | −0.0008 | pay 0.0001% / 1h | 15m 00s | $356K | $2.4M | 25x |
Lighter ARB
Extended ARB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$21.84
- Price spread: −0.156% → −0.113%
- −$4.3
- Slippage, 4 orders
- −$50.26
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$81.41
- Costs to cover
- 0.553%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 8 min ago; Extended: live order book, 4 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, 8 min ago | 2.01 bp | 10.1 bp −$10 | 20.2 bp −$202 | 105.5 bp −$10.6K | doesn't fit |
| Sell Extended live order book, 4 min ago | 15.64 bp | 18.1 bp −$18 | 77.2 bp −$772 | doesn't fit | 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 | −0.1770% | 1h | 0.2231 | −0.601% | $40K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0232% | 1h | 0.2241 | −0.134% | $7K | $2K | 10x | as long as short |
| SoDEX ARB-USD | −0.0198% | 1h | 0.2243 | −0.089% | $4K | $2.8M | 5x | as long as short |
| Variational Omni ARB | −0.0168% | 8h | 0.2236 | −0.362% | $1.9M | $2.7M | — | as long as short |
| Bybit ARBUSDT | −0.0149% | 8h | 0.2241 | −0.151% | $57.9M | $132.8M | 50x | as long as short |
| Polymarket Perps ARB-USD | −0.0127% | 1h | 0.2242 | −0.120% | $73K | $2.0M | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0107% | 1h | 0.2242 | −0.102% | $26K | $32K | 25x | as long as short |
| OKX ARB-USDT-SWAP | −0.0099% | 8h | 0.2242 | −0.129% | $22.5M | $160.7M | 50x | as long as short |
| MEXC ARB_USDT | −0.0098% | 8h | 0.2243 | −0.067% | $37.4M | $62.7M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0038% | 8h | 0.2242 | −0.111% | $10K | $394K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
SoDEX ARB-USD
Variational Omni ARB
Bybit ARBUSDT
Polymarket Perps ARB-USD
Deribit ARB_USDC-PERPETUAL
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDT | −0.0009% | 8h | 0.2242 | −0.108% | $64.2M | $316.6M | 75x | as long as short |
| Extended ARB-USDshort | −0.0008% | 1h | 0.2241 | −0.156% | $356K | $2.4M | 25x | |
| dYdX ARB-USD | 0.0000% | 1h | 0.2245 | +0.031% | $66K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2243 | −0.065% | $56K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0037% | 8h | 0.2243 | −0.080% | $5.5M | $20.7M | 60x | as long as short |
| Bitget ARBUSDT | +0.0067% | 8h | 0.2243 | −0.067% | $21.2M | $37.2M | 50x | as long as short |
| BingX ARB-USDT | +0.0068% | 8h | 0.2243 | −0.080% | — | $53.2M | — | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2244 | −0.036% | $147K | $12K | 3x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0085% | 1h | 0.2245 | +0.032% | $1.1M | $5.1M | 50x | as long as short |
| Lighter ARBlong | +0.0096% | 1h | 0.2245 | long leg | $1.3M | $7.4M | 15x | |
| Hyperliquid ARB | +0.0100% | 1h | 0.2245 | +0.022% | $40.1M | $50.6M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2243 | −0.064% | $697K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2245 | +0.002% | $44K | $193K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2244 | −0.018% | $20.7M | $16.4M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2238 | −0.274% | $40K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2239 | −0.223% | $486K | $3.8M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2240 | −0.200% | $121K | $295K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2244 | −0.022% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2242 | −0.125% | $277K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2242 | −0.111% | $5.2M | $13.4M | 50x | as long as short |
| BloFin ARB-USDT | +0.0111% | 8h | 0.2241 | −0.134% | $3.0M | $3.3M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0264% | 1h | 0.2242 | −0.111% | $506K | $2.3M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0274% / S −0.0156% | 1h | 0.2243 | −0.082% | $841K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2241 | −0.145% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0363% | 1h | 0.2244 | −0.029% | $496K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0622% | 1h | 0.2246 | +0.076% | $1.1M | $2.7M | 20x | as long as short |
Binance ARBUSDT
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Bitget ARBUSDT
BingX ARB-USDT
Aevo ARB-PERP
Kraken Futures PF_ARBUSD
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
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP