Funding you earn now, next payment 02:00 UTC−0.0252%/8h= −27.6% APRpaid last 24h −0.038%
Price spread now: Variational Omni against Lighter−0.150%7-day average −0.014% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.052%−$5 on $10k
+Price spread, last 7 days+0.068%+$7 · spread now −0.150%, 7d avg −0.014%
=Together, before fees+0.015%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board+$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Variational Omni is 0.136% cheaper against Lighter than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.014%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.052% in total (about -5.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ARB | 0.2223 | 0.0096 | pay 0.0012% / 1h | 1m 56s | $1.2M | $7.4M | 15x |
| Short | Variational Omni ARB | 0.2220 | −0.0156 | pay 0.0156% / 8h | 6h 01m | $1.9M | $2.9M | — |
Lighter ARB
Variational Omni ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$52.84
- Price spread: −0.150% → −0.014%
- −$13.62
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$66.45
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 6 min ago; Variational Omni: RFQ quote, 2 min ago. 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, 6 min ago | 2.93 bp | 10.7 bp −$11 | 18.7 bp −$187 | 85.5 bp −$8,549 | doesn't fit |
| Sell Variational Omni RFQ quote, 2 min ago | 4.51 bp | doesn't fit | 27.0 bp −$270 | 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 | −0.1692% | 1h | 0.2212 | −0.495% | $40K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0208% | 1h | 0.2225 | +0.076% | $7K | $2K | 10x | as long as short |
| SoDEX ARB-USD | −0.0206% | 1h | 0.2222 | −0.027% | $10K | $2.4M | 5x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0200% | 1h | 0.2223 | +0.004% | $24K | $34K | 25x | as long as short |
| Variational Omni ARBshort | −0.0156% | 8h | 0.2220 | −0.150% | $1.9M | $2.9M | — | |
| OKX ARB-USDT-SWAP | −0.0131% | 8h | 0.2222 | −0.058% | $22.4M | $155.0M | 50x | as long as short |
| MEXC ARB_USDT | −0.0131% | 8h | 0.2222 | −0.058% | $39.0M | $60.3M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0070% | 8h | 0.2225 | +0.090% | $12K | $383K | 10x | as long as short |
| Bybit ARBUSDT | −0.0042% | 8h | 0.2221 | −0.081% | $56.6M | $127.9M | 50x | as long as short |
| Gate ARB_USDT | −0.0036% | 8h | 0.2223 | −0.022% | $5.4M | $20.0M | 60x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
SoDEX ARB-USD
Deribit ARB_USDC-PERPETUAL
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Orderly PERP_ARB_USDC
Bybit ARBUSDT
Gate ARB_USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2226 | +0.130% | $66K | $5K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2221 | −0.095% | $353K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0001% | 8h | 0.2223 | −0.001% | $64.7M | $314.7M | 75x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0011% | 1h | 0.2227 | +0.166% | $10K | — | 150x | as long as short |
| ApeX Omni ARBUSDT | +0.0076% | 1h | 0.2220 | −0.135% | $120K | $285K | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2224 | +0.036% | $141K | $7K | 3x | as long as short |
| Phemex ARBUSDT | +0.0084% | 8h | 0.2222 | −0.045% | $5.0M | $13.0M | 50x | as long as short |
| Lighter ARBlong | +0.0096% | 1h | 0.2223 | long leg | $1.2M | $7.4M | 15x | |
| Hyperliquid ARB | +0.0100% | 1h | 0.2224 | +0.049% | $38.7M | $51.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2224 | +0.057% | $660K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2225 | +0.102% | $42K | $183K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2223 | −0.013% | $19.6M | $15.7M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2221 | −0.090% | $21.2M | $36.0M | 50x | as long as short |
| BingX ARB-USDC | +0.0100% | 8h | 0.2223 | 0.000% | — | $6.5M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2218 | −0.231% | $40K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2220 | −0.146% | $473K | $3.6M | 10x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2226 | +0.121% | $97K | $2.1M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2227 | +0.180% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2224 | +0.045% | $298K | $983K | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0240% | 1h | 0.2227 | +0.189% | $509K | $2.1M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2227 | +0.168% | $831K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2225 | +0.077% | $2K | $695 | 20x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0311% | 1h | 0.2224 | +0.064% | $1.1M | $4.7M | 50x | as long as short |
| RISEx ARB/USDC | +0.0466% | 1h | 0.2226 | +0.128% | $490K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0548% | 1h | 0.2226 | +0.148% | $1.0M | $2.8M | 20x | as long as short |
dYdX ARB-USD
Extended ARB-USD
Binance ARBUSDT
gTrade (Gains Network) ARB/USD
ApeX Omni ARBUSDT
Aevo ARB-PERP
Phemex ARBUSDT
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDC
edgeX ARBUSDC
GRVT ARB_USDT_Perp
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Kraken Futures PF_ARBUSD
RISEx ARB/USDC
Backpack ARB_USDC_PERP