Funding you earn now, next payment 08:00 UTC−0.0141%/8h= −15.4% APRpaid last 24h −0.055%
Price spread now: Orderly against Lighter+0.037%7-day average −0.020% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.254%−$25 on $10k
+Price spread, last 4 days (all we have)+0.562%+$56 · spread now +0.037%, 7d avg −0.020%
=Together, before fees+0.309%+ Points / potential airdropLighter: Season 3 · farm board+$31 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Orderly is 0.056% dearer against Lighter than usual: you sell high and buy low (spread +0.037% now, against its 7-day average of −0.020%): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 32 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ARB | 0.2182 | 0.0096 | pay 0.0012% / 1h | 17m 57s | $1.3M | $5.5M | 15x |
| Short | Orderly PERP_ARB_USDC | 0.2183 | −0.0045 | pay 0.0045% / 8h | 17m 57s | $13K | $404K | 10x |
Lighter ARB
Orderly PERP_ARB_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$29.51
- Price spread: +0.037% → −0.020%
- $5.63
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$29.87
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 5 min ago; Orderly: no order-book sample. 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 Lighter live order book, 5 min ago | 1.84 bp | 8.4 bp −$8 | 17.9 bp −$179 | 97.6 bp −$9,756 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | −0.1612% | 1h | 0.2164 | −0.834% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0200% | 1h | 0.2184 | +0.078% | $7K | $236 | 10x | as long as short |
| MEXC ARB_USDT | −0.0081% | 8h | 0.2183 | +0.032% | $41.7M | $62.7M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0080% | 8h | 0.2183 | +0.032% | $21.9M | $144.8M | 50x | as long as short |
| Orderly PERP_ARB_USDCshort | −0.0045% | 8h | 0.2183 | +0.037% | $13K | $404K | 10x | |
| Extended ARB-USD | −0.0008% | 1h | 0.2182 | −0.026% | $347K | $3.1M | 25x | as long as short |
| Binance ARBUSDT | −0.0006% | 8h | 0.2184 | +0.069% | $62.6M | $300.2M | 75x | as long as short |
| Polymarket Perps ARB-USD | −0.0001% | 1h | 0.2184 | +0.096% | $76K | $2.1M | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2179 | −0.165% | $64K | $5K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2185 | +0.142% | $28K | $38K | 25x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Extended ARB-USD
Binance ARBUSDT
Polymarket Perps ARB-USD
dYdX ARB-USD
Deribit ARB_USDC-PERPETUALShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX ARB-USD | +0.0003% | 1h | 0.2183 | +0.060% | $9K | $2.2M | 5x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0007% | 1h | 0.2185 | +0.150% | $69K | — | 150x | as long as short |
| Variational Omni ARB | +0.0011% | 8h | 0.2172 | −0.483% | $1.8M | $3.0M | — | as long as short |
| Bybit ARBUSDT | +0.0018% | 8h | 0.2183 | +0.055% | $53.2M | $126.1M | 50x | as long as short |
| Gate ARB_USDT | +0.0019% | 8h | 0.2183 | +0.055% | $5.4M | $18.5M | 60x | as long as short |
| RISEx ARB/USDC | +0.0069% | 1h | 0.2180 | −0.119% | $500K | $2.7M | 10x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2184 | +0.093% | $139K | $7K | 3x | as long as short |
| BingX ARB-USDC | +0.0084% | 8h | 0.2184 | +0.082% | — | $6.5M | — | as long as short |
| Bitget ARBUSDT | +0.0087% | 8h | 0.2184 | +0.082% | $21.1M | $34.7M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0093% | 1h | 0.2186 | +0.157% | $1.1M | $4.3M | 50x | as long as short |
| Lighter ARBlong | +0.0096% | 1h | 0.2182 | long leg | $1.3M | $5.5M | 15x | |
| Hyperliquid ARB | +0.0100% | 1h | 0.2184 | +0.092% | $36.8M | $49.6M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2184 | +0.083% | $625K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2179 | −0.154% | $43K | $147K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2184 | +0.064% | $19.4M | $13.9M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2175 | −0.341% | $38K | $464K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2174 | −0.388% | $467K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2177 | −0.238% | $118K | $278K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2187 | +0.220% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2184 | +0.087% | $292K | $840K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2182 | −0.009% | $4.8M | $12.7M | 50x | as long as short |
| BloFin ARB-USDT | +0.0114% | 8h | 0.2178 | −0.197% | $3.0M | $2.3M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2186 | +0.159% | $825K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0288% | 1h | 0.2183 | +0.031% | $2K | $695 | 20x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0336% | 1h | 0.2188 | +0.266% | $513K | $1.5M | 50x | as long as short |
| Backpack ARB_USDC_PERP | +0.0488% | 1h | 0.2187 | +0.229% | $982K | $2.9M | 20x | as long as short |
SoDEX ARB-USD
gTrade (Gains Network) ARB/USD
Variational Omni ARB
Bybit ARBUSDT
Gate ARB_USDT
RISEx ARB/USDC
Aevo ARB-PERP
BingX ARB-USDC
Bitget ARBUSDT
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
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Coinbase International ARB-PERP-INTX
Backpack ARB_USDC_PERP