Funding you earn now, next payment 01:00 UTC+0.0139%/8h= +15.2% APRnext payment +$0.17 per $10,000 · paid last 24h +0.059%
Price spread now: Lighter against SoDEX+0.054%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$310.311% of the position
Funding, last 3 days (all we have)+0.096%+$10 on $10k
+Price spread, last 3 days (all we have)−0.697%−$70 · spread now +0.054%, 7d avg +0.027%
=Together, before fees−0.601%+ Points / potential airdropLighter: Season 3 · farm board−$60 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter is 0.026% dearer against SoDEX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.027%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX ARB-USD | 0.2243 | −0.0043 | get 0.0005% / 1h | 48m 53s | $4K | $2.6M | 5x |
| Short | Lighter ARB | 0.2244 | 0.0096 | get 0.0012% / 1h | 48m 53s | $1.4M | $7.3M | 15x |
SoDEX ARB-USD
Lighter ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against SoDEX. 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
- $29.12
- Price spread: +0.054% → +0.027%
- $2.63
- Slippage, 4 orders
- −$23.06
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $0.69
- Costs to cover
- 0.311%
- Break-even
- 6.8 days
Slippage from SoDEX: live order book, 5 min ago; Lighter: 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 SoDEX live order book, 5 min ago | 0.22 bp | 5.6 bp −$6 | 19.9 bp −$199 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 2.89 bp | 8.9 bp −$9 | 21.9 bp −$219 | 109.0 bp −$10.9K | 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 | −0.1666% | 1h | 0.2230 | −0.571% | $40K | $372K | 12x | as long as short |
| Bybit ARBUSDT | −0.0406% | 8h | 0.2243 | −0.013% | $57.9M | $127.4M | 50x | as long as short |
| Variational Omni ARB | −0.0211% | 8h | 0.2243 | −0.013% | $1.9M | $2.8M | — | as long as short |
| 01 Exchange ARBUSD | −0.0160% | 1h | 0.2241 | −0.076% | $7K | $2K | 10x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0139% | 1h | 0.2245 | +0.077% | $1.1M | $4.9M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0117% | 8h | 0.2243 | +0.013% | $22.6M | $157.3M | 50x | as long as short |
| MEXC ARB_USDT | −0.0117% | 8h | 0.2244 | +0.036% | $38.2M | $58.9M | 200x | as long as short |
| Gate ARB_USDT | −0.0090% | 8h | 0.2244 | +0.040% | $5.4M | $19.7M | 60x | as long as short |
| SoDEX ARB-USDlong | −0.0043% | 1h | 0.2243 | long leg | $4K | $2.6M | 5x | |
| Orderly PERP_ARB_USDC | −0.0042% | 8h | 0.2241 | −0.080% | $13K | $387K | 10x | as long as short |
Injective ARB/USDC PERP
Bybit ARBUSDT
Variational Omni ARB
01 Exchange ARBUSD
Kraken Futures PF_ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Gate ARB_USDT
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended ARB-USD | −0.0016% | 1h | 0.2243 | +0.008% | $359K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | −0.0015% | 8h | 0.2243 | +0.027% | $66.1M | $312.4M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2241 | −0.062% | $66K | $4K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2244 | +0.036% | $25K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2243 | −0.010% | $55K | — | 150x | as long as short |
| Polymarket Perps ARB-USD | +0.0035% | 1h | 0.2241 | −0.085% | $66K | $2.0M | 10x | as long as short |
| BingX ARB-USDC | +0.0045% | 8h | 0.2243 | −0.009% | — | $6.5M | — | as long as short |
| Bitget ARBUSDT | +0.0049% | 8h | 0.2244 | +0.054% | $21.2M | $36.0M | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2243 | +0.031% | $142K | $7K | 3x | as long as short |
| Lighter ARBshort | +0.0096% | 1h | 0.2244 | +0.054% | $1.4M | $7.3M | 15x | |
| Hyperliquid ARB | +0.0100% | 1h | 0.2245 | +0.094% | $40.5M | $47.5M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2242 | −0.053% | $697K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2241 | −0.063% | $44K | $187K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2243 | +0.027% | $19.5M | $16.0M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2248 | +0.238% | $40K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2248 | +0.230% | $483K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2245 | +0.098% | $121K | $295K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2243 | +0.009% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2242 | −0.054% | $291K | $1.0M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2243 | +0.009% | $5.1M | $13.0M | 50x | as long as short |
| BloFin ARB-USDT | +0.0105% | 8h | 0.2243 | −0.009% | $3.1M | $2.7M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0232% | 1h | 0.2248 | +0.223% | $507K | $2.2M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0290% / S −0.0177% | 1h | 0.2242 | −0.018% | $892K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2240 | −0.110% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0338% | 1h | 0.2246 | +0.147% | $1.0M | $2.8M | 20x | as long as short |
| RISEx ARB/USDC | +0.0384% | 1h | 0.2243 | +0.013% | $500K | $2.7M | 10x | as long as short |
Extended ARB-USD
Binance ARBUSDT
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Polymarket Perps ARB-USD
BingX ARB-USDC
Bitget ARBUSDT
Aevo ARB-PERP
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
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP
RISEx ARB/USDC