Funding you earn now, next payment 07:00 UTC−0.0167%/8h= −18.3% APRpaid last 24h −0.053%
Price spread now: OKX against Lighter−0.149%7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$360.355% of the position
Funding, last 7 days−0.177%−$18 on $10k
+Price spread, last 7 days+0.148%+$15 · spread now −0.149%, 7d avg −0.047%
=Together, before fees−0.029%+ Points / potential airdropLighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and OKX is 0.102% cheaper against Lighter than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.047%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ARB | 0.2218 | 0.0096 | pay 0.0012% / 1h | 45m 06s | $1.3M | $5.5M | 15x |
| Short | OKX ARB-USDT-SWAP | 0.2215 | −0.0071 | pay 0.0071% / 8h | 1h 45m | $22.2M | $147.1M | 50x |
Lighter ARB
OKX ARB-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$35.14
- Price spread: −0.149% → −0.047%
- −$10.2
- Slippage, 4 orders
- −$25.51
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$80.85
- Costs to cover
- 0.355%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 3 min ago; OKX: 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, 3 min ago | 3.17 bp | 8.6 bp −$9 | 18.0 bp −$180 | 86.4 bp −$8,640 | doesn't fit |
| Sell OKX live order book, 4 min ago | 0.23 bp | 9.6 bp −$10 | 20.9 bp −$209 | 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 | −0.1592% | 1h | 0.2202 | −0.744% | $40K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0216% | 1h | 0.2217 | −0.059% | $68K | $2.1M | 10x | as long as short |
| MEXC ARB_USDT | −0.0072% | 8h | 0.2218 | −0.023% | $42.4M | $61.7M | 200x | as long as short |
| OKX ARB-USDT-SWAPshort | −0.0071% | 8h | 0.2215 | −0.149% | $22.2M | $147.1M | 50x | |
| Variational Omni ARB | −0.0065% | 8h | 0.2209 | −0.448% | $1.8M | $3.0M | — | as long as short |
| 01 Exchange ARBUSD | −0.0064% | 1h | 0.2214 | −0.194% | $7K | $236 | 10x | as long as short |
| SoDEX ARB-USD | −0.0050% | 1h | 0.2218 | 0.000% | $9K | $2.2M | 5x | as long as short |
| Orderly PERP_ARB_USDC | −0.0044% | 8h | 0.2217 | −0.068% | $12K | $406K | 10x | as long as short |
| Bybit ARBUSDT | −0.0024% | 8h | 0.2216 | −0.095% | $54.6M | $126.5M | 50x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2211 | −0.328% | $65K | $5K | 10x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
MEXC ARB_USDT
Variational Omni ARB
01 Exchange ARBUSD
SoDEX ARB-USD
Orderly PERP_ARB_USDC
Bybit ARBUSDT
dYdX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2219 | +0.027% | $28K | $38K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2218 | −0.004% | $44K | — | 150x | as long as short |
| RISEx ARB/USDC | +0.0056% | 1h | 0.2214 | −0.210% | $461K | $2.6M | 10x | as long as short |
| Bitget ARBUSDT | +0.0058% | 8h | 0.2219 | +0.023% | $21.3M | $34.8M | 50x | as long as short |
| Gate ARB_USDT | +0.0067% | 8h | 0.2218 | −0.018% | $5.5M | $18.3M | 60x | as long as short |
| BingX ARB-USDT | +0.0093% | 8h | 0.2218 | −0.032% | — | $53.0M | — | as long as short |
| Binance ARBUSDT | +0.0093% | 8h | 0.2218 | −0.023% | $63.4M | $302.0M | 75x | as long as short |
| Lighter ARBlong | +0.0096% | 1h | 0.2218 | long leg | $1.3M | $5.5M | 15x | |
| Extended ARB-USD | +0.0096% | 1h | 0.2218 | −0.043% | $352K | $2.8M | 25x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2220 | +0.054% | $37.6M | $49.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2218 | −0.021% | $637K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2212 | −0.313% | $43K | $150K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2219 | +0.036% | $19.8M | $14.3M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2210 | −0.388% | $39K | $465K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2212 | −0.290% | $480K | $3.7M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2213 | −0.248% | $119K | $282K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2215 | −0.158% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2217 | −0.090% | $296K | $872K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2218 | −0.023% | $5.0M | $12.8M | 50x | as long as short |
| Aevo ARB-PERP | +0.0104% | 1h | 0.2219 | +0.019% | $141K | $7K | 3x | as long as short |
| BloFin ARB-USDT | +0.0213% | 8h | 0.2218 | 0.000% | $3.1M | $2.4M | 75x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0229% | 1h | 0.2220 | +0.089% | $1.1M | $4.5M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2219 | +0.021% | $837K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2217 | −0.068% | $519K | $1.6M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2217 | −0.059% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0664% | 1h | 0.2223 | +0.189% | $997K | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
RISEx ARB/USDC
Bitget ARBUSDT
Gate ARB_USDT
BingX ARB-USDT
Binance ARBUSDT
Extended ARB-USD
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
Aevo ARB-PERP
BloFin ARB-USDT
Kraken Futures PF_ARBUSD
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP