Funding you earn now, next payment 01:00 UTC−0.0248%/8h= −27.2% APRnext payment −$0.31 per $10,000 · paid last 24h −0.084%
Price spread now: 01 Exchange against Lighter−0.255%52s7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and 01 Exchange is 0.255% cheaper against Lighter than usual: you would sell low and buy high (−$26 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ARB | 0.2274 | 0.0096 | pay 0.0012% / 1h | 25m 36s | $1.4M | $7.3M | 15x |
| Short | 01 Exchange ARBUSD | 0.2268 | −0.0152 | pay 0.0019% / 1h | 25m 36s | $7K | $2K | 10x |
Lighter ARB
01 Exchange ARBUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
01 Exchange 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
- −$52.08
- Price spread: −0.255% → 0.000%
- −$25.5
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$84.58
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 8 min ago; 01 Exchange: 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, 8 min ago | 2.45 bp | 11.8 bp −$12 | 26.0 bp −$260 | 107.5 bp −$10.8K | doesn't fit |
| Sell 01 Exchange no order-book sample | — | — | — | — | — |
01 Exchange: 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 | −0.1666% | 1h | 0.2244 | −1.324% | $40K | $372K | 12x | as long as short |
| Variational Omni ARB | −0.0204% | 8h | 0.2268 | −0.287% | $2.0M | $2.8M | — | as long as short |
| 01 Exchange ARBUSDshort | −0.0152% | 1h | 0.2268 | −0.255% | $7K | $2K | 10x | |
| Bybit ARBUSDT | −0.0149% | 8h | 0.2271 | −0.158% | $58.6M | $126.4M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0137% | 1h | 0.2273 | −0.036% | $1.1M | $4.9M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0115% | 8h | 0.2271 | −0.154% | $22.8M | $157.9M | 50x | as long as short |
| MEXC ARB_USDT | −0.0114% | 8h | 0.2271 | −0.136% | $38.8M | $59.1M | 200x | as long as short |
| SoDEX ARB-USD | −0.0070% | 1h | 0.2271 | −0.114% | $4K | $2.5M | 5x | as long as short |
| Orderly PERP_ARB_USDC | −0.0049% | 8h | 0.2269 | −0.224% | $12K | $387K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2272 | −0.112% | $67K | $4K | 10x | as long as short |
Injective ARB/USDC PERP
Variational Omni ARB
Bybit ARBUSDT
Kraken Futures PF_ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
SoDEX ARB-USD
Orderly PERP_ARB_USDC
dYdX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended ARB-USD | 0.0000% | 1h | 0.2272 | −0.107% | $365K | $3.5M | 25x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2271 | −0.128% | $25K | $34K | 25x | as long as short |
| Binance ARBUSDT | +0.0002% | 8h | 0.2272 | −0.079% | $66.9M | $309.7M | 75x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2271 | −0.157% | $33K | — | 150x | as long as short |
| Phemex ARBUSDT | +0.0043% | 8h | 0.2268 | −0.268% | $5.2M | $13.0M | 50x | as long as short |
| BingX ARB-USDC | +0.0074% | 8h | 0.2272 | −0.084% | — | $6.5M | — | as long as short |
| Bitget ARBUSDT | +0.0080% | 8h | 0.2273 | −0.048% | $21.7M | $35.6M | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2272 | −0.100% | $144K | $7K | 3x | as long as short |
| Lighter ARBlong | +0.0096% | 1h | 0.2274 | long leg | $1.4M | $7.3M | 15x | |
| Hyperliquid ARB | +0.0100% | 1h | 0.2276 | +0.066% | $41.1M | $47.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2272 | −0.090% | $706K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2272 | −0.088% | $45K | $185K | 10x | as long as short |
| Gate ARB_USDT | +0.0100% | 8h | 0.2272 | −0.075% | $5.5M | $19.8M | 60x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2273 | −0.048% | $19.8M | $15.8M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2253 | −0.930% | $40K | $460K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2251 | −1.003% | $486K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2252 | −0.972% | $121K | $296K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2270 | −0.202% | $65K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2273 | −0.048% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2272 | −0.110% | $296K | $973K | 50x | as long as short |
| BloFin ARB-USDT | +0.0120% | 8h | 0.2258 | −0.726% | $3.1M | $2.9M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0232% | 1h | 0.2261 | −0.576% | $510K | $2.2M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0288% / S −0.0175% | 1h | 0.2270 | −0.174% | $898K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2268 | −0.281% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0384% | 1h | 0.2275 | +0.024% | $517K | $2.6M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0541% | 1h | 0.2275 | +0.026% | $1.0M | $2.8M | 20x | as long as short |
Extended ARB-USD
Deribit ARB_USDC-PERPETUAL
Binance ARBUSDT
gTrade (Gains Network) ARB/USD
Phemex ARBUSDT
BingX ARB-USDC
Bitget ARBUSDT
Aevo ARB-PERP
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
Gate ARB_USDT
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP