Funding you earn now, next payment 04:00 UTC+0.0232%/8h= +25.4% APRnext payment +$0.29 per $10,000 · paid last 24h +0.040%
Price spread now: Lighter against Polymarket Perps+0.027%45s7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs+$10as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$370.374% of the position
Funding, last 7 days+0.471%+$47 on $10k
+Price spread, last 7 days−0.020%−$2 · spread now +0.027%, 7d avg +0.040%
=Together, before fees+0.452%+ Points / potential airdropLighter: Season 3 · farm board+$45 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.040%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. The two prices were read 45 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 | Polymarket Perps ARB-USD | 0.2212 | −0.0136 | get 0.0017% / 1h | 20m 44s | $98K | $2.2M | 10x |
| Short | Lighter ARB | 0.2212 | 0.0096 | get 0.0012% / 1h | 20m 44s | $1.2M | $5.8M | 15x |
Polymarket Perps ARB-USD
Lighter ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Polymarket Perps. 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
- $48.77
- Price spread: +0.027% → +0.040%
- −$1.33
- Slippage, 4 orders
- −$29.36
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $10.08
- Costs to cover
- 0.374%
- Break-even
- 5.6 days
Slippage from Polymarket Perps: live order book, 3 min ago; Lighter: live order book, 7 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 Polymarket Perps live order book, 3 min ago | 1.81 bp | 6.9 bp −$7 | 10.4 bp −$104 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 2.27 bp | 11.4 bp −$11 | 25.5 bp −$255 | 96.7 bp −$9,673 | 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 | −0.1649% | 1h | 0.2207 | −0.208% | $40K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0168% | 1h | 0.2211 | −0.014% | $7K | $2K | 10x | as long as short |
| Polymarket Perps ARB-USDlong | −0.0136% | 1h | 0.2212 | long leg | $98K | $2.2M | 10x | |
| OKX ARB-USDT-SWAP | −0.0130% | 8h | 0.2212 | +0.032% | $22.3M | $149.1M | 50x | as long as short |
| MEXC ARB_USDT | −0.0130% | 8h | 0.2212 | +0.018% | $42.0M | $60.7M | 200x | as long as short |
| Variational Omni ARB | −0.0098% | 8h | 0.2211 | −0.039% | $1.8M | $2.9M | — | as long as short |
| Orderly PERP_ARB_USDC | −0.0072% | 8h | 0.2213 | +0.063% | $12K | $397K | 10x | as long as short |
| Gate ARB_USDT | −0.0058% | 8h | 0.2213 | +0.045% | $5.3M | $18.8M | 60x | as long as short |
| Bybit ARBUSDT | −0.0025% | 8h | 0.2212 | +0.018% | $55.9M | $127.0M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0006% | 1h | 0.2213 | +0.059% | $1.1M | $4.4M | 50x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Variational Omni ARB
Orderly PERP_ARB_USDC
Gate ARB_USDT
Bybit ARBUSDT
Kraken Futures PF_ARBUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2214 | +0.091% | $65K | $5K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2213 | +0.059% | $24K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2214 | +0.087% | $32K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0024% | 8h | 0.2213 | +0.053% | $64.4M | $307.6M | 75x | as long as short |
| Extended ARB-USD | +0.0024% | 1h | 0.2211 | −0.015% | $354K | $2.5M | 25x | as long as short |
| SoDEX ARB-USD | +0.0039% | 1h | 0.2213 | +0.041% | $10K | $2.3M | 5x | as long as short |
| BingX ARB-USDC | +0.0066% | 8h | 0.2213 | +0.077% | — | $6.5M | — | as long as short |
| Bitget ARBUSDT | +0.0069% | 8h | 0.2212 | +0.018% | $21.0M | $34.8M | 50x | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2213 | +0.048% | $140K | $7K | 3x | as long as short |
| BloFin ARB-USDT | +0.0094% | 8h | 0.2212 | +0.027% | $3.1M | $2.6M | 75x | as long as short |
| Lighter ARBshort | +0.0096% | 1h | 0.2212 | +0.027% | $1.2M | $5.8M | 15x | |
| Hyperliquid ARB | +0.0100% | 1h | 0.2214 | +0.122% | $38.0M | $48.9M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2212 | +0.025% | $637K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2213 | +0.041% | $43K | $169K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2213 | +0.077% | $19.6M | $15.0M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2214 | +0.088% | $40K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2214 | +0.109% | $470K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2217 | +0.244% | $120K | $284K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2214 | +0.109% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2212 | −0.005% | $300K | $950K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2212 | +0.018% | $5.0M | $13.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2216 | +0.199% | $492K | $2.0M | 50x | as long as short |
| RISEx ARB/USDC | +0.0225% | 1h | 0.2212 | +0.038% | $470K | $2.6M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0159% | 1h | 0.2213 | +0.062% | $834K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2211 | −0.012% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0643% | 1h | 0.2215 | +0.172% | $998K | $2.8M | 20x | as long as short |
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
SoDEX ARB-USD
BingX ARB-USDC
Bitget ARBUSDT
Aevo ARB-PERP
BloFin ARB-USDT
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
Coinbase International ARB-PERP-INTX
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP